Hey guys,

I'm in an corporate finance class doing a case problem. This case is doing a lease and loan for automobiles. So i thought why not do the problem on my car right?

I was wondering what people were getting on avg for lease interest rates and loan interst rates.

I know people usually dont lease the s2k so anyone have any guesses cuz i just have to state this for my case problem


THanks guys!

 

Oh jesus, I think I am getting raped at 8% on a used car loan.

 

purchased new, 60 month term, 5.25 or 5.75 fixed APR, forget which

 

I bought the CR new for 6% and i thought that was high but its not to bad

 

i got my 2001 with 123k last oct for 5.5% for 36 months.interest so low why pay cash? my c.u.has a 4.75% on new vehicles.

 

depending on your credit score thats not terrible, you can always try to refinance after a bit. for reference I have score of 752 & my last car was 7.45% fixed on a 4 year loan from Toyota Financial.
Used rated have gone up a little since last year though.

 

October '08 - bought my CR at 6.07%

 

My credit union is currently offering 4.99% on new and used cars up to 60 months. I think I had a 3.9% loan when I bought the S, and I have 1.9% on the TL. An 800+ credit score never hurts.

You can also play around here with Honda's calculator
http://automobiles.honda.com/tools/finance...ModelName=S2000

 

Jan 09... bought new CR got it at 6%

 

just bought a new SUV with 4.4% from a CU