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Where to get a loan

Discussion in '2nd Gen. Tacomas (2005-2015)' started by slimcubby, May 28, 2009.

  1. May 28, 2009 at 8:46 PM
    #1
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    Hey guys,

    Where would I be able to get the lowest rate on a long 60 or 72 month term new purhcase?
     
  2. May 28, 2009 at 8:46 PM
    #2
    mneuls

    mneuls Well-Known Member

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    5100's and dakar leaf 3"lift, Satoshi grill,
    Bilstein 5100's front and back, dakar 3" leaf springs, Westin bull bar, piaa driving lights, piaa replacement bulbs, H/U, 2x10" mtx tt65 subs, 1000w clarion monoblock, Mtx surround speakers. green wire mod. Flowmaster 40, airaid intake. scanguage II.
    toyota?
     
  3. May 28, 2009 at 8:47 PM
    #3
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    Nope either a Ford or GMC
     
  4. May 28, 2009 at 8:48 PM
    #4
    DanGer

    DanGer Avatar approved by 98tacomav6

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    White Head Light mod, White shorty antennae, Doug Thorley Long Tube headers, AFE Drop in air filter, Secondary Air Filter Removed,
    junk yard because they know its coming home to them soon :p
     
  5. May 28, 2009 at 8:54 PM
    #5
    VancityCK

    VancityCK Well-Known Member

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    I'm not sure how it is in the states, but up here the absolute best rates are always from the manufacturers. For example, Toyota might offer 4.9% for 60 months, but the absolute best a bank can do, even for an excellent customer with perfect credit would be around 9%, maybe 8.5% if you have a mortgage etc. with the same bank.

    Thought I'd throw that out there.
     
  6. May 28, 2009 at 8:58 PM
    #6
    WilsonTheDog

    WilsonTheDog Kylie's dad

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    Either a "special" rate from the manufacturer or a credit union.
     
  7. May 28, 2009 at 9:03 PM
    #7
    thebigk

    thebigk 6 Double 5 3 2 1

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    Odessa, TX
    Credit Union......both our vehicles financed at CUs.......lowest rates we could find.
     
  8. May 28, 2009 at 9:04 PM
    #8
    Simon's Mom

    Simon's Mom Wag More Bark Less

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    Stock for now
    Toyota is 3.9 right now 60 mos. on tacomas. My 60 month loan with them was 2.9
     
  9. May 28, 2009 at 9:05 PM
    #9
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    Any credit union? Which CU's are probably the lowest or how can I find this out :)
     
  10. May 28, 2009 at 9:06 PM
    #10
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    Unfortunately that special rate won't apply to me because I will be getting all the rebates off of the price etc.
     
  11. May 28, 2009 at 9:10 PM
    #11
    Pster

    Pster Well-Known Member

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    Bak Flip bed cover, shorty antenna, Peripheral iPod interface, Garmin 750 mount, add'l bed tie down rings, Westin nerf bars, hitch safe, tailgate lock, Ideal 1 3/4" turn-key clamp to secure tailgate from removal, Spare tire security cable, spare tire stainless air hose extender, Fumoto oil drain valve, Amp Research Bed X-Tender w/Schlage Cable Lock, bed mat, Redline hood struts
    Just refi'd my house on a 5/1 ARM. 3.640 APR. :)
     
  12. May 28, 2009 at 9:12 PM
    #12
    thebigk

    thebigk 6 Double 5 3 2 1

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    Our Nitro we bought in 07.....the Dodge dealer brought back interest rates from like 4 sources & a small CU has a deal with that dealership. It was the lowest so we took it.

    My Tacoma is financed through a CU I've been a member of since I was 18 and back then they may have had 300 members. The manager there I've known for 15yrs & now she's my neighbor.....every little bit helps :D

    Just call a CU and ask for the new car rates.
     
  13. May 28, 2009 at 9:28 PM
    #13
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    Is there any regulations as to how long I am a member of the CU?
     
  14. May 28, 2009 at 9:32 PM
    #14
    nurseboy

    nurseboy Well-Known Member

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    I would talk to the dealer first about that. When I bought my truck it was either 3.9% or 1000 cash back. They will calculate and tell you which would be better for you depending on how much downpayment you put and how long you plan on financing for. I put 10K down and financed for 3.9% for 36months. I ended up saving more than 1000K in the long run, so I would check that out before you think getting rebates will save you more.
     
  15. May 28, 2009 at 9:35 PM
    #15
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    All these credit unions that I am finding rates for online are like 5.7% fixed
     
  16. May 28, 2009 at 9:36 PM
    #16
    JimBeam

    JimBeam BECAUSE INTERNETS!! Moderator

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    when i bought my truck...i financed it thru carmax because they were worlds better on rates than any bank could give me...

    i even looked into refinancing a year later when i was working for a bank and i still couldnt beat the carmax rate
     
  17. May 28, 2009 at 9:41 PM
    #17
    WilsonTheDog

    WilsonTheDog Kylie's dad

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    Nothing at all wrong with that rate. Mine is 5.5% But I bought mine in '07.
     
  18. May 28, 2009 at 9:43 PM
    #18
    WilsonTheDog

    WilsonTheDog Kylie's dad

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    Arms are scary, especially right now with interest rates set to explode upwards (that's the only thing that can happen since we will see high inflation due to the massive govt (over)spending). Plan your income around payments based on an APR of 5.64% and you should be fine.
     
  19. May 28, 2009 at 9:49 PM
    #19
    ilovetacos

    ilovetacos Well-Known Member

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    Sold!
    Credit Unions are usually the lowest? What's your FICO score?

    Lowest rate I have seen around Central CA is 3.99% thru Educational Employee's Credit Union. Max term is 72 months. But I think you have to be a 750 FICO or above.

    My FICO is 720 and I am no longer considered Tier 1. Most bank and credit unions have raised their Tier 1 score to a minimum of 750. I talked to a local credit union recently and their Tier 1 is now 780 and above! With the credit market tightening up it is a lot hard to get qualified for any type of loan. Your FICO is everything and everyone should know what their's is.
     
  20. May 28, 2009 at 9:52 PM
    #20
    slimcubby

    slimcubby [OP] www.slimshidxenonsource.c om Vendor

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    my high score is like 760's but my mid is 730's I could pay down a credit card and probably squeeze some more points i think.

    I am going to look up that credit union that is really low!
     
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