[USER]

For those of you who have financed your cars, what’s your APR?

Financing a car for the first time and with interest rates being what they are I’m tempted to buy a cheaper car and just pay cash with our emergency fund

[Riadh]

Tesla has a promotion going now for new Model Y , 1.99%

[Andrew]

I would have recommended buying a car all in cash so you wouldn’t have to worry about interest rates and getting screwed with the dealership

[Christine]

Check out financing through the credit unions first
They usually have better rates

[Hunter]

Bought a new truck a few weeks back and they wanted 12.89%. I’m only 23 with limited credit history.

I just paid cash for it.

[Allison]

1. Do you have a current mode of transportation

2. Why have you even considered financing vs buying cash

3. How old are you

4. What are your actual transportation needs NOT WANTS

5. IF you have to consider financing, I appreciate The Money Guys rule of thumb

[Vicki]

Please don’t quote rates from pre covid. That was a different time

[Rosa]

They aren’t great rates at this time. They wanted 7% on a used 2023, Tacoma and that is with 740+ credit score.

[Brian]

Once you have 2 million invested then think about a new car purchase since it will only add months to your working years instead of years.

[Author]

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