View Full Version : Interest on used truck loans..
04-22-2007, 07:41 PM
What percentage is the going rate for loans on used commercial trucks? I know i will get approved for whatever i go for, credit score is a non issue. I just want to figure out what a truck will cost me a month.
04-22-2007, 08:17 PM
On mine I'm paring 8.9%, but that is high because it is through Ford.
04-22-2007, 10:14 PM
Mine is 4.9 but that is through a credit union. Good luck and try a credit union.
04-22-2007, 10:26 PM
you can get as low as 1.9 on a certified GM
04-24-2007, 06:09 PM
My loan through BB&T is 10%...........my credit is clean there just wasn't a lot of credit in the business at the time + a new business.
Once the credit is higher I may take out another loan at a lower rate. The debate now is to pay off the truck but I think I'm just going to drag out the payments for a while to build more credit so that I may purchase more things in the future with more ease.
04-25-2007, 12:34 AM
My bank is right around 6% for auto loans I believe. I took a personal loan for the business at 8%.
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