My current loan rate is 5.5% for 60 months. The remaining loan period is 48 months. Can I get a better rate than 5.5 if I look around? If so, can you suggest some? I wil give it a shot?
Thanks
Best Answer - Chosen by Voters
You won't find a used-car loan better than what you have. The national average for a 48 month used car loan is 7.56% (Bankrate.com).
Your 5.5% rate was a new-car rate, and probably a promotional rate. Used-car rates are always higher than new-car rates, and there are no promotional used-car rates.
Your 5.5% rate was a new-car rate, and probably a promotional rate. Used-car rates are always higher than new-car rates, and there are no promotional used-car rates.
100% 1 Vote
- Action Bar:
- 0 stars - mark this as Interesting!
- Comment (0)
- Save
There are currently no comments for this question.
* You must be logged into Answers to add comments. Sign in or Register.
Other Answers (1)
- Only fools refinance cars! Broke fools usually try, but banks know what's up and T.D. the app on sight. Keep paying your current note...on time.
Source(s):
I've been an auto dealer for 23 years.0% 0 Votes
Open Questions in Buying & Selling
Answers International
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- Hong Kong
- India
- Indonesia
- Italy
- Japan
- Malaysia
- Mexico
- New Zealand
- Philippines
- Quebec
- Singapore
- South Korea
- Spain
- Taiwan
- Thailand
- United Kingdom
- United States
- Vietnam
- en Español
Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer.
Help us improve Yahoo! Answers. Send Feedback
Copyright © 2010 Yahoo! Inc. All Rights Reserved.