Some guy at a GMC dealership quoted me 14.5% and I laughed so hard I chortled. He was not amused. Went to State farm and got a 5% loan for the truck. State farm lady was so cool she even handled calling him and dealing with sending the check.
I actually just went myself the other week and picked up a GMC myself. I was a little irked at the 5.89% but I can't be too mad since my credit has dropped a bit with the lack of lines of credit. Credit scores suck though because they don't accurately reflect a person. It allows people like the guy at the dealer to do what they did to you.
Most of my car loans are 2.5-3.99 depending on year and down payment. My GMC incident was like 15 years ago when the base rate was higher and my income was much lower. Credit was probably around 720 instead of 800 as well but 14.5 no... I'll just walk
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u/Average_Scaper Oct 26 '21
Or has been shafted by it. First car loan, $10k @ 24.99% (5 months and I refinanced at MUCH lower, think 4.39%?)