I'm thinking about buying a new car for around $70k, and I'm wondering what interest rates are you seeing for new car loans right now? I have an 800 credit score and plan to put down $25-30k for a 72-month loan. I'm going to check with my local credit union, but just wanted to see what rates you all are seeing.

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Depends on the make and model. For example, BMW FS offering between 1.99 - 2.99% for up to 60 months on X5. Variance in APR is dependent on where you live.

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MBUSA also just announced new promo financing rates of 1.99, 2.99, and 3.99 depending on the model.

I just financed a new car last month, and my credit union offered me 4.99% for 72 months with a similar credit score. Dealers were quoting around 6%, so definitely shop around

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5-6% for excellent credit unless a certain brand is running some promo. That’s the norm and that’s what I got with 788 credit on a 60mo loan. You might be able to get a better rate with a 60mo vs 72 mo loan, I feel like the extra year doesn’t even help bring the payments down much either

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