New vs used interest rates

[aknavy]

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?

[momdoc]

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.

[aknavy]

Originally Posted by momdoc

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?

[RKins]

Stranger things have happened....

[nathaniel]

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

[Waltcwy]

I just got 4.4 on a 2002 Sunny Brook 5at.

[aknavy]

Originally Posted by Waltc_WY

I just got 4.4 on a 2002 Sunny Brook 5at.

With who?

[Waltcwy]

Black hills Fed credit union