I was just curious if anyone would share there auto loan information (loan amount, payment terms, interest rate, etc.) I do not have an auto loan now but I have had many in the past.
Tell us about your auto loan...
- Thread starter Corollaman
- Start date
Last loan some time ago was zero percent; I chose 24 month payback time. Could have gone longer, but 24 mos suited us.
My last one was for ~52k @ 3.9%, payment was $679 for 60 and then like a 19k balloon payment at the end. I paid it off a couple weeks ago, a week short of three years.
My wife's Jeep was about 36k @ 2.9%, payment was about $510 over 84 months. But again it was paid in about three years or so.
My wife's Jeep was about 36k @ 2.9%, payment was about $510 over 84 months. But again it was paid in about three years or so.
Truck was $28K for 48 months. 2.65%.
I can pay it off, but for the rate and the payment, it really doesn't hit my monthly expense radar.
I can pay it off, but for the rate and the payment, it really doesn't hit my monthly expense radar.
We had .99% for 36 months on the Outback, we still put some down but we figured it was better to keep our money working for us for a while atleast. Our payment was $750/month. I found it funny that the Focus was 3 months of Subaru payments.
$52k for 84mo at 1.9%.
Maybe I'll pay it off next year.
Maybe I'll pay it off next year.
Mine was paid with cash the very 1st day ($16,223).
- Joined
- Dec 30, 2006
- Messages
- 29,558
My loan on my Accord was 4 years at 2%. I only owe maybe 2 more payments on it.
Cash.
That being said, sometimes dealers want to jack up price if you don’t finance with dealer. I usually tell them to go pound salt, and find a dealer elsewhere.
That being said, sometimes dealers want to jack up price if you don’t finance with dealer. I usually tell them to go pound salt, and find a dealer elsewhere.
In 07 Brandon Ford in Tampa, FL. was selling XL regular cab trucks for $14,650 + TTL. They had auto and 5 speed, with a/c and CD player radios, to pick from. There were about 250 on a lot up the road from the dealership. My son and I looked at about 15-20 before I decided on what I now drive. It had 6 miles on it.
I added cruise control and XLT wheels.
His credit is less than stellar to have that rate.I don't have any car loans, but my brother in law just happily signed an 8%, 72 month loan on a 2020 Corolla Hybrid.
Financed through dealer, 4.6% or thereabouts. I didn't care because I paid it off two weeks into the note.
Before I even got my first bill, I got a "notice of privacy policy" letter with my account number, so I made an ACH payment online.
Went with the loan in the first place to get what I felt was a good deal out of the dealer. The bank sent me a nice letter saying I paid it off but the state hadn't gotten them the title yet, so I'm in for a little more waiting for that.
Before I even got my first bill, I got a "notice of privacy policy" letter with my account number, so I made an ACH payment online.
Went with the loan in the first place to get what I felt was a good deal out of the dealer. The bank sent me a nice letter saying I paid it off but the state hadn't gotten them the title yet, so I'm in for a little more waiting for that.
Haven't taken a loan out yet.
First car was $8k. Brought it from the PO. All Cash
First car was $8k. Brought it from the PO. All Cash
I'm guessing that people on this site aren't getting loans...
