Originally Posted by persian54
Actually it depends
That's cause the Credit union has good rates where you are
Here, the best rates I've seen offered by CUs is 3.9%.
I was forced to pay 9% on my first autoloan 3 years ago on the Dodge...paid off after a year, but 9% interest is a PITAAAA
If i were you, i would rather pay the 9% interest to build up the credit history. 9% is so less on a car loan,also calculate how much u have to pay for 5 years let say, maybe just $3000. But you didnt pay that once, that what you pay in 5 years.Put those cash in stocks , you can easily earn more