Auto loan APR ??

Google / Eng shami🙏
Jun 22 5 Comments

I've emailed various dealerships and negotiated a price for a new Honda car. However, when asked about the APR when met personally, all of them say that it should be around 4.99%.
I've heard many people getting car loans at <= 2%.
Anyone able to get APR around 2% recently (in the last 1 month) ?

TC: 165k


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TOP 5 Comments
  • Amazon / Eng Benny Lava
    If manufacturer offers low Apr, they usually are subsidized and cash purchase will have a thousand or two dollars cash back. So, either way it is not a real Apr comparison.
    Jun 22 0
  • Oath Atinlay2
    Wait for July 4th sales, probably some 0% offers to be had
    Jun 22 1
    • Google UODHG
      GM does 0 down 0% financing
      Jun 22
  • Comcast G0ku
    Dealerships act as middlemen to get a commission on APY! Never trust a car dealership. Big banks will ask for high rates as well.

    Only Credit unions offer less than 3%
    Jun 23 0
  • New / Eng QTdN03
    My credit union is offering 2.49% apr. I did that a couple years ago. Not sure how they make money, lol.
    Jun 23 0