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Old 06-10-2019, 03:40 PM   #1
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New vs used interest rates

In calculating total cost between a used and new unit of the same make/model, I'm also considering the potential interest rate difference.



If loan to value is below 80%, 10% down payment, will the percentage rate be different? I'm assuming it will. Is it typical that it's a percentage point or two difference?


I've been told (by dealers) that they are seeing 5.5-6 percent on new now, and that's consistent with what google returns. What rates have people gotten in 2019?
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Old 06-10-2019, 07:25 PM   #2
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At 10% down I hope you are looking at a short term loan (less than 5 years or so) because you will be so underwater for a long time otherwise and will need lots of $$$$ when you sell in in a few years.
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Old 06-10-2019, 07:53 PM   #3
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At 10% down I hope you are looking at a short term loan (less than 5 years or so) because you will be so underwater for a long time otherwise and will need lots of $$$$ when you sell in in a few years.
Who said anything about selling in a few years?
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Old 06-11-2019, 02:58 PM   #4
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Old 06-14-2019, 04:50 PM   #5
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The interest rate is typically the same based on you CS
I have bought used and rate was same. Also depends on length of the loan
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Old 06-16-2019, 08:57 PM   #6
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I just got 4.4 on a 2002 Sunny Brook 5at.
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Old 06-16-2019, 09:18 PM   #7
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I just got 4.4 on a 2002 Sunny Brook 5at.
With who?
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Old 06-17-2019, 06:27 AM   #8
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