Looking briefly the best car loan rate found was 5.25 from Eglin Federal Credit so I readied up $35,000 case something is needed after picking up truck this AM. Was shocked how high rates are, never borrowing for car before. How high are rates in your areas? Thanks

 

rates are up vs. prime because they have to make up for all the bad loans given out in the '90s. it's also amazing what is considered a "good" credit score anymore. used to be if you were over 600, you were golden, now most places won't even look at you if you are not at least at 700...

 

Thanks for the info.

 

considering the times, 5.25% is actually really good. Most young people with even decent credit are up around 9%

 

also remember that usually the longer the loan the less the interest rate is although more overall cost cost in the long run.

 

my credit score is almost 800, best i could find a year ago was 6%. 5.25% is awesome.

weed- around here is was the opposite, the longer the loan the higher the interest rate.

 

Thats odd for it to go higher for longer terms unless a bad score is involved.

Anyone interested can look here on this board. I used to be on it quite a bit also

http://www.creditboards.com/mambo/

 

ouch, that hurts.

 

Hmmm.

 

I'm feeling better.