My husband and I have really good credit. What is a fair interest rate to pay for a 5 or 6 year car loan?|||While I can't give you any specific rates, I will make this recommendation. If you're a member of any credit union go to them first. Most credit unions and banks will give you a better rate than the car dealership. Also keep in mind that the depreciation on a new car will leave you owing more than it's worth toward the end of a 5 year loan. You can save a lot of money by buying a used truck even one just 1 year old. Your new truck value will drop $1000s as soon as you drive off the lot.
"...So a brand-spanking-new car or truck loses thousands of dollars of value as soon as you drive it home. ..." *
Whatever you decide, I hope you enjoy the truck.|||NJ-
The #1 selling truck for the past 30 years is a Ford F-series pick-up.
FMCC happens to be offering 0% financing for 60 mo.loans right now to people with good credit like yourself.
0% is about as fair as fair can be! If it were any fairer they'd be giving you the loan for FREE!
Oh wait.....THEY ARE !
(Don't sell yourself short %26amp; don't listen to the 'Ford vs Chevy' war mongers. Facts are Facts %26amp; opinions are opinions.
Ford vs Chevy...Foreign vs Domestic.....blah.....blah...blah...blah
go %26amp; compare- decide for yourself----)
But DO NOT pay interest on a 60 month loan whatever you decide !
oh yea, should you decide to buy a "Ford Certified Pre-Owned" , FMCC (again ) offers 4.9% for 60 months !|||check www.bankrate.com, also lending tree dot com will give you four offers for no charge.
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