Truck financing question

You're buying a new truck? In this economy??

 

Even if you finance a used (One still under warranty) truck....with the high interest rates on used trucks....it will cost you as much as a new truck...
Used rates are around 16% and higher......Banks aren't about to lose money...even on a used truck.....

At least with a new truck....it's under warranty and you know exactly what you're getting "Off the lot".....Can't say that about used....
Oil samples can be faked...as can dynos......

 

where did you get 16% from ron?

a couple months ago my bank was going to go with 8% on a used truck...........then they saw how far my credit had tanked and revoked the deal...LOL

 

Yeah, I do. More time in the shop fixing emissions problems than driving down the road.

And why would you trust a sellers word on anything? Including new truck dealers? Test drive the truck, download the computer, take my own ##### oil sample. If you been truckin a while then you prolly know a shop you can trust and have them scrub it for any potential problems. Not like the shop guys have a reason to lie.


I'm sorry, WCP but Cali needs to have a wall around it and the EPA abolished. But otherwise you're a great guy!

 

Back when I bought Bull...that was the interest one bank wanted to charge...I got a loan through a different bank for 8%.....But the loan officer explained to me that banks like to make money "twice" on trucks......hence the higher rates......The reason for the lower rate was we also bought income property on the same loan......

 

To each their own, I'm not going to try to persuade anyone. But as for me and my house, pre-egr all the way.

 

7 month later....15% down and 12% for a first time buyer

 

With credit scores in the 700's you should be able to find financing around 9%. If it's anything over 10% keep shopping.