Anyone looking for 1.49% APR

[shapiroeric]

Unless your investments make LESS than 1.49% annually, you're better off taking advantage of the loan vs. paying in full. 36 months @ 1.49% is practically free money, if you invest.

My mindset in July of last year was to pay in full due to the rates I could find at the time. Then I was directed to PenFed with their 1.49% and that was a no-brainer. I would loose money by paying in full.

We'll agree to disagree....I don't like debt....If someone has substantial investments they have cash to pay for the truck....I'm not (and no one is) making 1.49% in a savings account.....

 

[crash457]

We'll agree to disagree....I don't like debt....If someone has substantial investments they have cash to pay for the truck....I'm not (and no one is) making 1.49% in a savings account.....

If you have $70k sitting around not making money for you, you're doing it wrong...

 

[shapiroeric]

If you have $70k sitting around not making money for you, you're doing it wrong...

So you make that statement with no insight to my financial position.

Again, I'll agree to disagree.



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[crash457]

So you make that statement with no insight to my financial position.

Again, I'll agree to disagree.



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I don't need to know your financial situation. You said "If someone has substantial investments they have cash to pay for the truck"

That is absurd. Someone with substantial investments should know that your money should work for you. If you have "cash to pay for the truck" then that cash should be invested in something that earns you money.

If your financial situation doesn't allow you to have "cash to pay for the truck" that's okay. It's a mute point and your opinions don't apply here. For those that do, it's is better to invest that money and use the bank's money for less than their investments earn.

 

[shapiroeric]

I don't need to know your financial situation. You said "If someone has substantial investments they have cash to pay for the truck"



That is absurd. Someone with substantial investments should know that your money should work for you. If you have "cash to pay for the truck" then that cash should be invested in something that earns you money.



If your financial situation doesn't allow you to have "cash to pay for the truck" that's okay. It's a mute point and your opinions don't apply here. For those that do, it's is better to invest that money and use the bank's money for less than their investments earn.

I won't go back and forth. And it's moot point, not mute. Have a great day....


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[xxaarraa]

Question... my rate is at 4% for like 7 years. Should I try to re-finance this? My payment is $500 exactly which doesn't bother me, 4% just seems high for a new auto loan with my 800 credit score but I have never bought a new vehicle before or financed.

Yes. Call DCU. They are doing 1.99% and have financed 4-5 of my previous cars. Great bank to work with.

Or PenFed above seems good too, no experience with them though.

 

[byz250f]

If someone is looking for 1.99% for 60 months, and 2.24% for 72 months check out LOC credit Union in howell mi. The lady named Crystal and her husband have a Ford Raptor and are very much involved in Raptor events.

https://www.locfederal.com/

 

[hamster]

So go to CU and finance or pay in 1's and make it rain....hmmm.

 

[rms8]

.I'm not (and no one is) making 1.49% in a savings account.....

Anyone who's primary investment is a savings account at a bank is doing it wrong.

As I said, I was simply going to pay in full last year when the rates I was being quoted back then were nuts. Someone turned me on to PenFed with their 1.49% @ 36months.

There's not a single financial adviser worth their weight that would tell you to pass that deal up. To think otherwise is financial absurdity. If the payments are too high for the term, then work with what you got.

 

[shapiroeric]

Anyone who's primary investment is a savings account at a bank is doing it wrong.



As I said, I was simply going to pay in full last year when the rates I was being quoted back then were nuts. Someone turned me on to PenFed with their 1.49% @ 36months.



There's not a single financial adviser worth their weight that would tell you to pass that deal up. To think otherwise is financial absurdity. If the payments are too high for the term, then work with what you got.

Not once did I say a savings account is a primary investment


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