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Personal Finance and Investing

Common Sense Party

(14,139 posts)

1. I'd definitely get a quote from the dealer and from a credit union.

Reply to Myrina (Original post)

Thu Jan 23, 2014, 06:56 PM

Jan 2014

State Farm says on their site they have car loans as low as 2.59% for used vehicles, so I'd imagine they are dinging you more for the credit score.

But the agent is also getting a commission, and that's factored into their rate as well.

Shop around and borrower beware.

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Highlight:

Interest rate /car loan question [View all] Myrina Jan 2014 OP

I'd definitely get a quote from the dealer and from a credit union. Common Sense Party Jan 2014 #1

Cars make for crappy collateral. A HERETIC I AM Jan 2014 #2

In addition to negotiating the loan rate, SheilaT Jan 2014 #3

Thanks for the feedback! Myrina Jan 2014 #4

Congrats on the new wheels! lastlib Nov 2015 #5