Financing My First Rig
- Thread starter Mark_3439be
- Start date
Influencer I
Isn’t that kinda the going rate? I suspect the manufacturers are offering better rates, but then you have to go through the dealer. Still, 3% is pretty good right now.
Yes sir it is I’m finding out….. Crazy! But it’s good to know going through the dealers may save me some money in the long run. 3% is much better than 8%. Thank you for guiding me in that direction. It’s my first on a camper
July 23 prime interest rate is 8.5%
Bank to bank is 5.25-5.5% , prime will generally be bank to bank plus 3 for the average borrower, very high credit scores may see a reduction from that 3%, anything less than bank to bank will be manufacturers artificially supporting the interest rate to serve some internal purpose (move inventory,etc.)
How we arrived there is very easily explained, but this site prohibits honest discourse with regard to political topics which the current interest rate, and rate of inflation are 100% a function of.
The only people who can affect interest rates and inflation rates are the people who print the money and control monetary policy, anyone who tells you otherwise is lying to you.
Bank to bank is 5.25-5.5% , prime will generally be bank to bank plus 3 for the average borrower, very high credit scores may see a reduction from that 3%, anything less than bank to bank will be manufacturers artificially supporting the interest rate to serve some internal purpose (move inventory,etc.)
How we arrived there is very easily explained, but this site prohibits honest discourse with regard to political topics which the current interest rate, and rate of inflation are 100% a function of.
The only people who can affect interest rates and inflation rates are the people who print the money and control monetary policy, anyone who tells you otherwise is lying to you.
Off-Road Ranger I
- 3,916
- First Name
- Dave
- Last Name
- Zimmer
- Member #
-
30139
- Ham/GMRS Callsign
- WRXV870
- Service Branch
- USN Retired
Cash for toys. The economy is about to crash.
Zim
Zim
For banks with lower rates, consider checking options like LightStream or Wells Fargo, as they typically offer competitive APRs around 6.99% and 7.99%, depending on creditworthiness. These may help you find a better rate than the 7.99% you're seeing.
Well, we're waiting.
If you're loaded and healthy, go ahead and finance. Poors should pay cash though.
Member III
I'd kill for those APR...
My surgeries tanked my credit score. So my last vehicle i paid 50% down payment.
My surgeries tanked my credit score. So my last vehicle i paid 50% down payment.
