Quote:
Originally Posted by Leingod
If you're buying new, you better have cash on hand. No way would I ever take out a loan on a brand new car.
I somehow got 1.6% on mine when it went to 5 years. 3 years was 5% for whatever reason. I put down 40% on a used 09 and will just pay off the rest. Promotion at work means I am now doubling down on payments. Pay it off, sell it, buy whatever new thing Nissan decides to make in the future.
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Interesting. Usually the other way around with rates vs length! Nice deal you got.
Most new cars generally have really good financing rates available. I wouldn't pay cash unless the rate was over 2-3% but I also wouldn't buy new unless I could get a good rate. Used cars are generally a better deal but some models hold their value so well you're just better off buying new. It's crazy.