Auto Financing Rates?

Question

Does anybody know what the average financing rate is right now on auto loans for someone with excellent credit (I live in arizona right now , the price of the car is 23,000 and its a new 2008 Mercury Mariner)? Thanks!

Answer 1

For someone with Excellent Credit, Bank of America is offering 4.5 %

The average rate is 5.5% & or thereabouts. Ford is offering decent lease terms but no Loan terms. There's only cash rebate.

Try the Credit Union. That'd be the bottom low rate.  

Answer 2

try checking the credit union web site and click on the rates for new car loans. also try to see if they can bring the price down before you give any down payment....play hard ball or they will see you coming a mile away...  

Answer 3

Normal rates are around 6%, some credit unions may be lower, and most mfg's offer subvented rates anywhere from 0-4.9% for various terms.