Is 6% for 60 months a fair deal for a new car today?

Question

Say, a 20,000 MSRP car (no, I don't intend to pay the MSRP) with $3000 down?

Answer 1

If you have excellent credit then you should be able to get a car for under 4% for 60 months.

Answer 2

Most new car dealer/manufacturers are giving 0 -4% on new cars. Even my Credit Union is giving 5%/60mo

Answer 3

Yes, that is fair.

If you have good credit, shop around and see if you can find a credit union that can give you a better rate.

My credit union now is offering 4.7% for 72 months with good credit.

Answer 4

It's good for 60 mo. But look into a 48 mo loan at that rate and save more money in the long run.  

Answer 5

That seems pretty high.  I just got a car for 17000 with 2.9% for 60 months.  I don't have great credit being 20 either.