What rates are you seeing out for excellent credit? And why is Drivetime for high for rates?

[AzCreditGuy]

Just for fun I checked to see what I would pre-qual at DriveTime, since no credit is pulled. I have excelllent credit 798-800 across all 3. They gave me a quote of 12%, 7 years for vehicles on the $24k to $36k range...I wont get a auto loan under my personal as I need it to be under my business, but I almost laughed when I received that APR

[Brian_Earl_Spilner]

Well, drive time is the largest subprime dealer/lender in the country. So I suspect high rates are just the norm for them.

[Kforce]

Term / Rate

12-36 / 5.49%
37-48 / 5.74%
49-60 / 5.99%
61-72 / 6.24%
73-84 / 6.74%
85-96 / 7.24%

[Traveler101]

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@AzCreditGuy wrote:

Just for fun I checked to see what I would pre-qual at DriveTime, since no credit is pulled. I have excelllent credit 798-800 across all 3. They gave me a quote of 12%, 7 years for vehicles on the $24k to $36k range...I wont get a auto loan under my personal as I need it to be under my business, but I almost laughed when I received that APR

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Go to ussfcu. Pretty great rates that will be hard to beat. They give a breakdown on terms and rates on their site. Up to 60 months is 3.74 for an example.

[Harvey26]

@AzCreditGuy My mother was able to get 4% with Signature Federal Credit Union. I believe her score was 791. She ended up leasing instead. 

[AzCreditGuy]

Thanks for the info, didnt realize drivetime was sub-prime. I should have known when they state they accept 95% of loans. I got 4 calls today and I had to call them to remove me from the list.....I will not do that again 

[fury1995]

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@AzCreditGuy wrote:

Just for fun I checked to see what I would pre-qual at DriveTime, since no credit is pulled. I have excelllent credit 798-800 across all 3. They gave me a quote of 12%, 7 years for vehicles on the $24k to $36k range...I wont get a auto loan under my personal as I need it to be under my business, but I almost laughed when I received that APR

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36 mos - as low as 3.24%
48 mos - as low as 3.49%
60 mos - as low as 3.74%
72 mos - as low as 4.24%
84 mos - as low as 4.49%

Thread here:

https://ficoforums.myfico.com/t5/Auto-Loans/USSFCU-United-States-Senate-FCU-Great-Rates/m-p/6671559#... 

[xenon3030]

The USSFCU auto loan is around 6% now (48 months). Do we have better rates at the other CUs or banks? My credit score is excellent (800+).

New Leisure Vehicle Loan Learn More

Terms	Loan Amounts	APR*	Estimated Monthly Payment
Up to 36 months	Maximum: $300,000	As low as** 5.74%***	As low as $757.61+
Up to 48 months	Maximum: $300,000	As low as** 5.99%***	As low as $587.01+
Up to 60 months	Maximum: $300,000	As low as** 6.24%***	As low as $486.11+
Up to 72 months	Maximum: $300,000	As low as** 6.49%***	As low as $420.13+
Up to 84 months	Maximum: $300,000	As low as** 6.74%***	As low as $374.15+
Up to 96 months	Maximum: $300,000	As low as** 6.99%***	As low as $340.72+
Up to 120 months	Maximum: $300,000	As low as** 7.24%***	As low as $293.37+

[poops]

Resurrecting this thread to see if anyone has run into decent rates for excellent credit?

Best I can see/get right now is 5.25% for 60 months through my credit union.

Anything else lower out there...

[dunn2500]

get a promo rate thru dealer on new car.....best youll see i think

3.9% on silverado back in april.... still see ads for wy lower thn banks and CU......navy was 5% at the time i purchased but prolly would hve got 6 or 7%