2.99 for 7 years

[luckydriver]

just got email from psecu...pretty cool if you want a long term!

 

Just in time for summer, we've lowered our vehicle loan rates. You can get a six or seven year loan for just 2.99% Annual Percentage Rate*.

[Mo Munny Mo Problems]

thanks for the tip! Wasnt really considering an 84 mo but hey another $40/mo wiggle room might ome in handy sometime!

 

Now I just need to sell my GTO and I can pull the trigger!

[luckydriver]

you can always pay in advance. unless rates are that much higher i always recommend the longest possible terms

[Mo Munny Mo Problems]

yeah i like having the option of paying less more than i like that extra 1%

[luckydriver]

plus psecu rocks at any rate: a car i IIB with them but always paid on time and in full, i just got them to refi it at 1.49% so i can get a boiler retro fit.

 

unsure if any bank that i IIB'd on would ever do that on the same exact car

[Mo Munny Mo Problems]

thats pretty cool. i guess as long as you pay thats all they care about.

[MarvBear]

From an industry insider, that's seen it all. I would certainly wholeheartedly recommend a shorter term possible.

[Fuerza]

From an industry insider, that's seen it all. I would certainly wholeheartedly recommend a shorter term possible.

 

+1

 

There is reason this is offered directly to consumers and not through dealerships!

[MarvBear]

 

From an industry insider, that's seen it all. I would certainly wholeheartedly recommend a shorter term possible.

 

+1

 

There is reason this is offered directly to consumers and not through dealerships!

A dealer can certainly offer that rate and term, provided the consumer qualifies.

[luckydriver]

i couldnt resist doing an example

 

50K at 1.49 for 3 years is 1157 interest

 

50K at 2.99 for 84 months is 5477

 

but how many of us get 50K cars

 

30 K at 1.49 for 3 years is 694

 

30K at 2.99 for 84 3286

 

2600 is nothing to sneeze at but overall not a terrible amount of interest to pay for something like a car. i'm sure people pay 20% interest on restaurant and other 'disposable' goods everyday. so it's all relative

[Mo Munny Mo Problems]

i couldnt resist doing an example

 

50K at 1.49 for 3 years is 1157 interest

 

50K at 2.99 for 84 months is 5477

 

but how many of us get 50K cars

 

30 K at 1.49 for 3 years is 694

 

30K at 2.99 for 84 3286

 

2600 is nothing to sneeze at but overall not a terrible amount of interest to pay for something like a car. i'm sure people pay 20% interest on restaurant and other 'disposable' goods everyday. so it's all relative

Yeah but remember that $3286 is over SEVEN years. thats 469/yr

 

Not too bad I guess. $39/mo in interest, on average if paid out over the full scheduled term.

 

Im still weighing it but I might just go for the 1.74% for 72 just so I dont ever have to wish I got a lower rate.

 

 

 

1.74% for 72 months works out to $1614 total or $22.42/month in interest.

 

 

 

So by paying another $42.84 a month I am putting $16.58/mo into my pocket. Not to mention the car gets paid off a year earlier.

Edited May 10, 2013 by Mo Munny Mo Problems

[Mo Munny Mo Problems]

The car in question is a $71K car new. This one is used, but with only 16K miles. Barely broken in.

 

It bluebooks for 50K easily. I will be financing only $30K though.

[hrguy]

 

i couldnt resist doing an example

 

50K at 1.49 for 3 years is 1157 interest

 

50K at 2.99 for 84 months is 5477

 

but how many of us get 50K cars

 

30 K at 1.49 for 3 years is 694

 

30K at 2.99 for 84 3286

 

2600 is nothing to sneeze at but overall not a terrible amount of interest to pay for something like a car. i'm sure people pay 20% interest on restaurant and other 'disposable' goods everyday. so it's all relative

Yeah but remember that $3286 is over SEVEN years. thats 469/yr

 

Not too bad I guess. $39/mo in interest, on average if paid out over the full scheduled term.

 

Im still weighing it but I might just go for the 1.74% for 72 just so I dont ever have to wish I got a lower rate.

 

 

 

1.74% for 72 months works out to $1614 total or $22.42/month in interest.

 

 

 

So by paying another $42.84 a month I am putting $16.58/mo into my pocket. Not to mention the car gets paid off a year earlier.

1.74 for 72 through who? I know GTE has that rate up to 72 months.

[Mo Munny Mo Problems]

 

 

i couldnt resist doing an example

 

50K at 1.49 for 3 years is 1157 interest

 

50K at 2.99 for 84 months is 5477

 

but how many of us get 50K cars

 

30 K at 1.49 for 3 years is 694

 

30K at 2.99 for 84 3286

 

2600 is nothing to sneeze at but overall not a terrible amount of interest to pay for something like a car. i'm sure people pay 20% interest on restaurant and other 'disposable' goods everyday. so it's all relative

Yeah but remember that $3286 is over SEVEN years. thats 469/yr

 

Not too bad I guess. $39/mo in interest, on average if paid out over the full scheduled term.

 

Im still weighing it but I might just go for the 1.74% for 72 just so I dont ever have to wish I got a lower rate.

 

 

 

1.74% for 72 months works out to $1614 total or $22.42/month in interest.

 

 

 

So by paying another $42.84 a month I am putting $16.58/mo into my pocket. Not to mention the car gets paid off a year earlier.

1.74 for 72 through who? I know GTE has that rate up to 72 months.

Alliant currenty is doing 1.74% for up to 72 months on a used car.

[hoapres]

From an industry insider, that's seen it all. I would certainly wholeheartedly recommend a shorter term possible.

 

+1