What interest rate are you paying on your Tacoma?

I got 4.23% on mine for 60 months.

I also got 3.99% on my wifes CR-V for 48 months.

Both vehicles were purchased used, so the incentive financing from local banks was not as good as new cars at 1.99%

I pay weekly on both cars (my bank let me set it up automatically) and I am 6 to 10 month ahead on both of them.

 

It's cheaper not to do car payments. Interest paid out vs. interest gained.

 

1.9% Credit Union...

 

True story babytruck.

My first Tacoma was 1.9%.

My second gen is 6%. That's with over 60% of it being paid for before driving off the
Lot.

 

2.9% for 5 years thru Toyota Financial. Am about 3 years ahead of schedule. Financing for me, bt, was a way to better my credit score.

 

4.9% here for me through toyota financial... not too bad since im only 22 years old and the truck is a 2012

 

2.79% with Bank of America.

 

For those of you who are paying the higher finance rates, after a few months, refinance it with a lower rate, no cost loan and if you can afford it, shorten the payment years by doubling the principle.

You will still get a great credit score, pay it off faster and pay less interest.

 

interest rate? what's that?

 

2.9 with penfed.

 

Thanks for your wisdom...

 

My wisdom only helps me, doesn't help others much. Why are you asking?

 

Did your credit go down the crappper since the first truck?

 

Quite possibly it was more like the economy went down the crapper but just a thought. I have excellent credit and TFS would only give me 5.25%. I went with it then refinanced through credit union later.

 

Most people dont have the cash to buy a $15k to $35k vehicle outright, so saying that payments are more expensive is obvious, and also not an option for most poeple.

 

I put $30K down on my truck and paid the remaining $12K over 3 years at 5.9%

FU Toyota Canada

 

Buy Used!

That's your option




"You must live like no one else so later you can live like no one else" - Dave Ramsey

 

6.0% at 75 payments toyota financial

i was young and didnt haggle % just cost. i learned the hard way.

4-5 months ahead now and every tax refund check i put towards principal

 

definitely was at 8% of some shit back in 2008 when i bought an 03 used. then the economy hit the bricks. Correct me if i'm wrong, but i thought interest rates went down to influence new vehicle purchases during that time, no?

 

Did Dave Ramsey teach you that ?


And I did buy used, still didnt have $10k sitting around for my truck, I am saving for a second house.