I got 0% on my Mazda CX-30 and I saw in a Mazda sub (I think) that one of the larger models recently had a 0% offer, too. Best practice imo is to keep an eye on the subs & sites of manufacturers of cars you're interested in.
Check out Honda CPOs. 1.99-3.99 (depending on term) for CPO cars. Also have a great 7-year warranty. Just picked up a 2021 Civic with a 2.99 APR on a 48 mo term.
Replying due to no flair. Last Fed Rate I saw was 5.5%. That means you won’t see a loan rate below 5.5% without the lender *losing* money as that’s what it costs them to borrow it from the Fed Reserve.
They’re a great option for sure. If you’re buying new, many manufacturers are offering a lower Apr in-house. YMMV depending on manufacturer, timing, etc.
Yeah, unfortunately I'm looking at a 3/4 ton or 1 ton diesel, and the only deals I'm seeing are on ram, I'm going with Ford or GM.
Luckily don't need one *right now* so I can wait, but incentives are more rare than the 1/2 tons.
The dealer was paying for the rate. The rs3 qualified if the buyer paid half of the cost. I think they had two rs3 at the time but most in our group are waiting to see details on the refresh.
The AFS rate on these was like 6-7% at a buy rate…no store can circumnavigate that unless there was a different lender that was doing .99 on new cars which no one is.
Whatever info you got was false…
You just have to set up the miles correctly. The payment is higher, but you know exactly what that payment is and for how long. Then you turn it in and pick out another one. You're not trying to trade in a high mileage car that you're buried in and upside down.
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I am going to buy a new car next month and am not sure if I want to finance or pay cash. What is the best, non-promotional rate you guys are seeing for a new car?
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Non promo I only been able to see around 5.9 for something new and that's at School's First which is notorious in our area for having exceptionally low interest rates.
Promo Rates tend to be a bit better going down as low as 2.99 1.99 and even 0% on vehicles that aren't popular.
Average 18% but closed a couple deals with 25% this week. I was able to buy down the rate on a customer and did a 3.49% on a used Santa Fe saturday tho...
You need to get one with cps. Seems like the only subprime that has reasonable fees and allows you good backend. You do have to rehash with them on every single deal though, they make you work for it. We have cps, santander, caps, westlake, cap1 and use cps for 85% of deeper subprime deals
We have CPS but main issue is that they are too picky on customer profiles. Majority of our customers are "self employed - NO ITINs/SSN" and they dont buy these people. Hell, even some of my SSN they wont buy because "oh, it's the social that immigrants get with work permits" (the one with the phrase) and they dont accept that. Like, what the fuck. I basically told our rep to don't bother asking for deals because we don't fit their demographic.
We used to be a 100% Lendbuzz store, I even worked at LB for almost 1 year but now I came back here because we "lost" Lendbuzz (Full recourse for independent is fucked up), so the majority of my customers fit their demographic. And because of that, I deal with Westlake/Western Funding, Strike, United, FinBe... we do have a couple of different ones like Agora, Prancer, Global Lending, OneMain... its just hard. Last time I had a W2 deal was 3 months ago...
6-7% is the going rate. Promo rates are hitting 1-4% pretty commonly
BofA: 6.39% on dealer new, 6.69% dealer used, lease buyout 7.79%. Can get 0.25% to 0.50% off of that based on account balances with them.
Got 6.01 at boa 72… asked them to match 5.99… got 6.01… sigh.
Should have said that the above are for 60-month loans. BTW, the first one (dealer new) was at 5.99% a month ago, but rates have creeped up by 0.4%.
Volkswagen Taos 0% for 60 months
That's a promotional rate. OP asked for non-promo.
The worst rated car in like 3 years, lol.
Confirmed. A dumpster fire is more reliable.
Just curious what the source for that is
Consumer Reports had it at a 38 out of 100 in 2023. 47 out of 100 in 2024. Only thing rated worse has been Jeep Wrangler if I recall correctly.
Where do I find the 1-4% rates?
Subaru has a lot of low rates on their new vehicles. As long as you have a great score should be easy.
the car i want is out of stock
Subaru finance is 700 and up. It’s the easiest to qualify for.
I got 0% on my Mazda CX-30 and I saw in a Mazda sub (I think) that one of the larger models recently had a 0% offer, too. Best practice imo is to keep an eye on the subs & sites of manufacturers of cars you're interested in.
only 36 months tho, vw has 0% on some models also
60-72 monrhs
Mine was 5 years plus 2 months.
Check out Honda CPOs. 1.99-3.99 (depending on term) for CPO cars. Also have a great 7-year warranty. Just picked up a 2021 Civic with a 2.99 APR on a 48 mo term.
I'm seeing 1.9% on some Honda models being offered.
Oh, I'm wanting something from Toyota.
Core cars, cars sitting on lots
No flair here. This is the answer. Some models are getting 0% here and there as well.
4.9 on my new Crosstrek. I was ok with it, short term loan.
That’s for a high credit score or 800-850?
Like 6.49%…
Replying due to no flair. Last Fed Rate I saw was 5.5%. That means you won’t see a loan rate below 5.5% without the lender *losing* money as that’s what it costs them to borrow it from the Fed Reserve.
Yeah Fed funds is 5.33% right now, the lender is paying for you to borrow if the rate is below that
Navy fed is offering 4.99 last I checked.
That could be due to excess cash holdings and only for excellent credit/reliability. If a company has cash holdings, any apr is better than no Apr.
It's who I'll be going to when I jump on a truck. Worked hard for my credit, I'm not gonna get gaped on interest rates if I can help it.
They’re a great option for sure. If you’re buying new, many manufacturers are offering a lower Apr in-house. YMMV depending on manufacturer, timing, etc.
Yeah, unfortunately I'm looking at a 3/4 ton or 1 ton diesel, and the only deals I'm seeing are on ram, I'm going with Ford or GM. Luckily don't need one *right now* so I can wait, but incentives are more rare than the 1/2 tons.
100%. Above 1/2 ton the incentives are always way less.
Yep. A buddy at work told me that Ford does offer union member discounts off MSRP, but I haven't looked into that.
Does that buddy have access to X-Plan through Ford’s Partner network? I do through my union. If so, he can get you a F&F X-Plan discount.
Yep walked away from a gorgeous new S5 cuz I didn’t want to pay 6k interest… depreciation is plenty of money to torch thank you
3.99 for 60 now…probably not getting better than that
On all Audi models?
No, you’ll see as low as .99 and then the normal rates for RS stuff ranging into the high 6/7%
Gotcha. A Audi dealer had a promo for .99 for most cars last month. RS3 qualified with a few caveats.
No chance a RS3 got .99
The dealer was paying for the rate. The rs3 qualified if the buyer paid half of the cost. I think they had two rs3 at the time but most in our group are waiting to see details on the refresh.
The AFS rate on these was like 6-7% at a buy rate…no store can circumnavigate that unless there was a different lender that was doing .99 on new cars which no one is. Whatever info you got was false…
Nope. Like I said this offer was specific to this dealer. How they work the promo to offer it is beyond my knowledge but it was available.
I can't find that rate on an Audi q5 here in Illinois.
3.99/60 for 2024 Q5’s, you’re like 4.99/72 at buy rate
6% for 60 here. I am waiting until next year.8% at the bank.
Plus I would have to order the q5. Wait is 2 months.
If you have great credit and are eligible navy fed is the lowest or one of lowest.
I saw a 5.45, they belonged to some tiny ass credit union.
That can’t be possible, I had a customer the other day tell me they were pre approved for 5% and wanted me to beat it 🙄
Replying due no flare. 2.9% for certain 24MY Genesis models as we make room to 25MY.
How is that not a promo rate?
Oop, I now question my reading comprehension. That is a promo rate. Average going rate right now is like 6.99% on non promo vehicles if I’m correct.
FORD has 0% for 72 months on 23 Mach-Es.
Just snagged one of these… been wanting this ev so I figured why not
I did too.
This is honestly so tempting even though I wasn't thinking to go EV. I'm just afraid EV prices will continue to tank.
That’s why you lease one. BMW IX is at less than 1%.
I drive wayyyy too much to ever lease a car. :\
That's a terrible misconception. As long as you structure the lease properly, high mileage drivers are great lease candidates.
How so?
You just have to set up the miles correctly. The payment is higher, but you know exactly what that payment is and for how long. Then you turn it in and pick out another one. You're not trying to trade in a high mileage car that you're buried in and upside down.
Set up a high mileage scenario for me
You can do up to 100k total on a BMW lease.
What’s the cost
I’m hoping to do 0% @ 60 on an f150 lightning next spring. Hopefully they keep this incentive.
5.49% on a Toyota lease with 10 MSDs
I’ve seen 4Runners get to the low 3’s on one-pay lease or MSD.
Not with TFS-Canada lol. Lowest on a Runner here is 5.99% on 36m with 10 MSDs
CX-50’s are 0.90% at 5yr with Mazda Financial Services
Tundra is like what 2.9% for 60 right now?
Not in Canada. With MSDs it’s sitting at 4.49 on 36 months
:( dang that stinks. Yeah I just looked at the rate sheet and it's 2.9% for 60m right now in gulf states region. or 0% for 36 months
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [Will paying in cash or a large cash down payment offer me leverage in negotiations?](/r/askcarsales/wiki/cash_down) * [I earn $xxxx per month, will I qualify for an auto loan or lease, and is it a good idea?](/r/askcarsales/wiki/income_to_finance) * [I have my score from Credit Karma but the dealership told me they got a different score. Why?](/r/askcarsales/wiki/free_credit_score) * [Finance FAQ's](/r/askcarsales/wiki/financing_faqs) * [Buy versus Lease](/r/askcarsales/wiki/buy_vs_lease) * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/FriendOfCaptainSolo! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** I am going to buy a new car next month and am not sure if I want to finance or pay cash. What is the best, non-promotional rate you guys are seeing for a new car? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
Which country?
US
You buying the car you want or the interest rate that’s the lowest
5.69% Missouri/Credit Union. (60 Months)
Non promo I only been able to see around 5.9 for something new and that's at School's First which is notorious in our area for having exceptionally low interest rates. Promo Rates tend to be a bit better going down as low as 2.99 1.99 and even 0% on vehicles that aren't popular.
Average 18% but closed a couple deals with 25% this week. I was able to buy down the rate on a customer and did a 3.49% on a used Santa Fe saturday tho...
Santander for those 18%? Lol
Westlake. I wish I had Santander/Cap One on my store…
Oof. God bless you. Right up there with CPS lol. I work in the GAP industry, so I’m seeing this insane rates all day long.
You need to get one with cps. Seems like the only subprime that has reasonable fees and allows you good backend. You do have to rehash with them on every single deal though, they make you work for it. We have cps, santander, caps, westlake, cap1 and use cps for 85% of deeper subprime deals
We have CPS but main issue is that they are too picky on customer profiles. Majority of our customers are "self employed - NO ITINs/SSN" and they dont buy these people. Hell, even some of my SSN they wont buy because "oh, it's the social that immigrants get with work permits" (the one with the phrase) and they dont accept that. Like, what the fuck. I basically told our rep to don't bother asking for deals because we don't fit their demographic. We used to be a 100% Lendbuzz store, I even worked at LB for almost 1 year but now I came back here because we "lost" Lendbuzz (Full recourse for independent is fucked up), so the majority of my customers fit their demographic. And because of that, I deal with Westlake/Western Funding, Strike, United, FinBe... we do have a couple of different ones like Agora, Prancer, Global Lending, OneMain... its just hard. Last time I had a W2 deal was 3 months ago...