I will most likely buy a slightly used Z to avoid as much first year depreciation as possible. If the right deal presented itself I wouldn't be opposed to a new one though. My good credit should make the best interest rates on an auto loan available to me. It's been a while since I purchased a car so I'm not sure what kind of rate I should expect though.

What is a good interest rate for a used Z?

What is a good interest rate for a new Z?

 

Your credit will determine the rate available to you. Shop around a few places, local banks, your credit union (if you belong), and also look into using your house to fund it (equity loan/line of credit), etc.

 

You waited too long. While your rate does depend on your credit, interest rates just went up for everyone last week.

The rates will probably keep going up in the future so if you're going to do it on credit you should do it soon. My interest rate 4 months ago was around 5%

 

I got in at 3.9% last saturday. I also have good credit.

just to give you an idea

 

Costco/Priceclub has excellent loan deals..also pentagon fed, credit union..

 

5% two months ago

 

5.9% two days ago, but i score a 720 on my credit report

 

4.06 through NMAC 2 weeks ago

 

2.3% through my credit union. excellent credit

 

For new cars, 2.5% up to 5.9% or so is reasonable. Anything above 6.0% is just too high.

Used cars, 3.5% to around 7.5% is good. If you have good credit, I would expect you can get a 4.5% rate. Depends on your loan term too.

 

Actually the interest hike we just recieved (25 basis points) won't have effect on us for a good 3-6 months. Also in the auto market industry, the competition is fierce, more than likely you can still recieve the same rates (via pending your credit score). Auto finance companies (ie NMAC, GMAC, Ford Motor Credit) more than likely won't pass that rate on to us, unless they want to lose a sale.

Now if your talking about a bank or credit union there is a higher chance they will pass the rate on to you, but still its not a very high chance, shop around especially if your score is high.

 

I got mine @ 4.09% thru Nissan financing 6 weeks ago.. I have good credit (740 on FICO)

 

I got mine @ 3.9% for new through Nissan 3 weeks ago. I have a 720 but have never had a car loan (which matters alot apparently).

I demanded 3.9% as a condition of the sale and the finance manager "went to bat" for me. I was getting 5.0% everywhere else.

 

Nissan going to give me 3.49% for 60mons. That is with me and my wife together credit. Credit Union was going to give me 4.5% for 60mons

 

Thanks for the input everyone! I have had a couple of car loans and last I checked my credit score was a 782. This info will give me a good place to start.