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i do financing for a dealership as of august 16, 2007, the best rates are 6.24% on loan above $5000.00 for 2004 and newer vehicles. keep in mind the age of the vehicle that you're financing also plays a roll in the interest that you get. the older the vehicle the higher the rate, so if you're getting a loan for $6000.00 on a 2001 car, for example, you might be able to get a loan for $7000.00 on a newer vehicle and your payment might be the same due to the difference in rate. make sure you check with your bank.
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Open an account at a credit union.In Orange County the qualifications are simple. You must work, live or worship in Orange County.Try to get pre-approved at the CU for the amount you want to finance.Often, they are much more reasonable about financing older user cars.
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