Best used car loan rate?

2 SLOW · 03-31-2014, 10:27 PM

Just did a 1.89 for 48 months today.

Wish I had seen this thread...

X5-User · 03-31-2014, 10:44 PM

Quote:

Originally Posted by 2 SLOW

Just did a 1.89 for 48 months today.

Wish I had seen this thread...

That's pretty much what you would get from DCU. You need to open a checking account and make direct deposit to account to get 1.24 rate which I don't think many people would do.

RR-NYC · 04-01-2014, 12:05 AM

.9% on 2011 models from BMWFS

///BMW Junkie · 04-01-2014, 11:10 AM

Quote:

Originally Posted by Palestine

Quote:

Originally Posted by 2 SLOW

Just did a 1.89 for 48 months today.

Wish I had seen this thread...

That's pretty much what you would get from DCU. You need to open a checking account and make direct deposit to account to get 1.24 rate which I don't think many people would do.

How much deposit they require?

WCM3 · 04-01-2014, 12:36 PM

The calculator on DCU only goes up to $50k for auto. Is that all you can borrow?

edwinm3 · 04-01-2014, 06:28 PM

PenFed definitely

OdiD · 04-01-2014, 11:14 PM

Quote:

Originally Posted by MojorisinM3

Seeing used car loans around 2% I plan to finance part of my purchase. Where are the best loan rates?

Well I just got 1.74 % for 72 months :O

intence · 04-02-2014, 12:25 AM

Quote:

Originally Posted by OdiD

Well I just got 1.74 % for 72 months :O

where at

saurabbhatia · 04-02-2014, 09:49 AM

Quote:

Originally Posted by skiborsy

And if you have AAA, they pay for the donation.

How do I do USE AAA?

dereksM3 · 04-02-2014, 11:22 AM

Quote:

Originally Posted by OdiD

Well I just got 1.74 % for 72 months :O

Please do tell!

X5-User · 04-02-2014, 11:26 AM

Quote:

Originally Posted by Euroonly

How much deposit they require?

I believe your whole salary. Or whatever you write down in the loan application. If they would take 500 deposit every month, I would have definitely done that

X5-User · 04-02-2014, 11:27 AM

Quote:

Originally Posted by WCM3

The calculator on DCU only goes up to $50k for auto. Is that all you can borrow?

Really? That's odd, it let me do 70k but of course I didn't apply for that amount.

skiborsy · 04-02-2014, 11:42 AM

Quote:

Originally Posted by saurabbhatia

How do I do USE AAA?

Don't know if it still works or not: https://www.penfed.org/aaa/

WCM3 · 04-02-2014, 05:12 PM

Quote:

Originally Posted by Palestine

Really? That's odd, it let me do 70k but of course I didn't apply for that amount.

Interesting. I didn't try to apply but was playing with it in the auto loan calculator. Just looked again and only $50k. Guh.

Quote:

Originally Posted by OdiD

Well I just got 1.74 % for 72 months :O

Do tell.

IzzyGray · 04-02-2014, 05:17 PM

Just found out that my CU is doing 84 months at 2.9%. With their credit card rewards however, I can do a 1% discount on the rate, so 84 months at 1.9%. With money that cheap, probably gonna refinance to 105% and just use the extra money to pay off other debt :P

stuypegleg · 04-02-2014, 10:07 PM

1.99 for 60 mos. yesterday for used car...I wish I saw this thread before.

Bavarian Beast · 04-03-2014, 04:36 AM

https://www.servicecu.org/civilian/c...?lg=&lgp=&mob=

Although the rate is listed as 2.49, you can lower it by having some kind of direct deposit with them. They have other incentives to lower it as well.

dparm · 04-03-2014, 09:53 AM

Credit unions are where you want to look. Their rates are usually quite low. I was able to get 1.49% for 60 months (I have good credit).

1.49% is less than the roughly 3% inflation we have, so I consider it free money.

dereksM3 · 04-03-2014, 07:54 PM

Any credit unions that have under 2% without requiring you to do direct deposit with your salary?

DCU is nice but for 72 months it's 1.74% + .50% without qualifying direct deposit into a DCU checking account. Somewhat inconvenient if I live out of state. Looking to refinance at 2% or under hopefully.

dma550 · 06-06-2014, 12:56 PM

well, I had penfed at 1.99 but they re-rate each month if your application is not closed. So, it just went to 2.49, which isn't enough for me to jump. I am trying DCU now at 1.24, hope that works!

MikeD · 06-07-2014, 01:43 PM

Quote:

Originally Posted by RR-NYC

.9% on 2011 models from BMWFS

nice!

izzyM2 · 06-25-2014, 04:15 AM

Please check San Diego County Credit Union. 42 m - 1.49, 66m - 1.99, 78m -2.49 for 2010 or newer.

03-31-2014, 10:27 PM	#23
2 SLOW Second Lieutenant 97 Rep 238 Posts Drives: 2022 G80 M3 Competition xDrive Join Date: Nov 2013 Location: Cypress iTrader: (0)	Just did a 1.89 for 48 months today. Wish I had seen this thread...
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04-01-2014, 12:05 AM	#25
RR-NYC Captain 154 Rep 663 Posts Drives: 2020 X3MC Join Date: Oct 2013 Location: NYC / Miami Beach iTrader: (0)	.9% on 2011 models from BMWFS
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04-01-2014, 12:36 PM	#27
WCM3 Î canŧ főcus mŷ attėntĭon 72 Rep 1,406 Posts Drives: 13 Rubicon Join Date: May 2008 Location: Morgantown, Pa iTrader: (7)	The calculator on DCU only goes up to $50k for auto. Is that all you can borrow? __________________ 2011 M3 Coupe - Individual Fire Orange/Black Novillo Extended Leather, 6MT, Mode Carbon, Eisenmann Race, BBS CH-R, BC Coil-overs (Sold) 1995 M3 Coupe - Avus/Hurricane, AEM EMS, Precision Turbo, Boostlogic, H&R, Fikse FM/5, MaxVelocity, Maximum PSI, 20% Tint, etc etc..(Sold) 2009 M3 Coupe - AW/Fox Red, 6MT, Carbon Roof, Shadow Trim, etc (Sold)
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04-01-2014, 06:28 PM	#28
edwinm3 Brigadier General 976 Rep 4,000 Posts Drives: F82 Join Date: Nov 2011 Location: Broward iTrader: (32)	PenFed definitely __________________ Grigio Telesto M4, 6MT. Coyote 5.0 F-150 991 GT3
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04-02-2014, 05:17 PM	#37
IzzyGray Lieutenant 27 Rep 472 Posts Drives: 2011 M3 Join Date: Oct 2013 Location: Milwaukee, WI iTrader: (3)	Just found out that my CU is doing 84 months at 2.9%. With their credit card rewards however, I can do a 1% discount on the rate, so 84 months at 1.9%. With money that cheap, probably gonna refinance to 105% and just use the extra money to pay off other debt :P
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04-02-2014, 10:07 PM	#38
stuypegleg New Member 1 Rep 16 Posts Drives: 2011 E90 M3 (CIC & LCI) Join Date: Mar 2014 Location: Just outside of Beltway iTrader: (0)	1.99 for 60 mos. yesterday for used car...I wish I saw this thread before.
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04-03-2014, 04:36 AM	#39
Bavarian Beast Too many wagons on the bahn..... 98 Rep 582 Posts Drives: LMB 2011 BMW e93 Join Date: Feb 2013 Location: Hawaii iTrader: (1)	https://www.servicecu.org/civilian/c...?lg=&lgp=&mob= Although the rate is listed as 2.49, you can lower it by having some kind of direct deposit with them. They have other incentives to lower it as well.
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04-03-2014, 09:53 AM	#40
dparm Stop the hate, get a V8 3850 Rep 8,625 Posts Drives: C7 Corvette GS, AMG C63 S Join Date: Jun 2013 Location: Frisco, TX iTrader: (1)	Credit unions are where you want to look. Their rates are usually quite low. I was able to get 1.49% for 60 months (I have good credit). 1.49% is less than the roughly 3% inflation we have, so I consider it free money. __________________ Now: 2017 Corvette Grand Sport, 2021 AMG C63 S sedan Past: 2011.5 M3 sedan ZCP
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04-03-2014, 07:54 PM	#41
dereksM3 Captain 270 Rep 888 Posts Drives: 2016 MG 340i M-Sport Join Date: Mar 2009 Location: Lynnwood, WA iTrader: (3)	Any credit unions that have under 2% without requiring you to do direct deposit with your salary? DCU is nice but for 72 months it's 1.74% + .50% without qualifying direct deposit into a DCU checking account. Somewhat inconvenient if I live out of state. Looking to refinance at 2% or under hopefully.
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06-06-2014, 12:56 PM	#42
dma550 First Lieutenant 10 Rep 310 Posts Drives: 2008 M3 E93 Join Date: Jun 2008 Location: CT iTrader: (0)	well, I had penfed at 1.99 but they re-rate each month if your application is not closed. So, it just went to 2.49, which isn't enough for me to jump. I am trying DCU now at 1.24, hope that works! __________________ 08 E93 M3 \| 06 Lotus Exige
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06-25-2014, 04:15 AM	#44
izzyM2 Major 703 Rep 1,241 Posts Drives: 24’M2/21ID.4/21’MacanGTS Join Date: Sep 2012 Location: SoCal iTrader: (4)	Please check San Diego County Credit Union. 42 m - 1.49, 66m - 1.99, 78m -2.49 for 2010 or newer.
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