Also to answer the question "What is a fair used car loan rate?"
Right now the lowest rates I have is 4.95% fixed up to 96 month amortizations available on anything newer than an 07 from a few lenders.
I have 4.65% variable available as well up to 84 month amorts.
Most banks cap the term at 60 months on lower rate loans but will let you amortize up to 96.
Most peoples own banks are offering fixed rate car loans in the 5.5-6.5% range, and are opting to use us to get loans right now. Some people get kinda pissy at their bank when they find out I can get them a better rate than their branch. I then explain to them not to be, since if they were buying 50 cars a month form their bank, they would probably look at giving them a better rate...lol.
And always I have lots of 0%, 0.9%, 1.9% etc loan available from the manufacturer, but right now the advantage on most stuff seems to be cash out the manufacturer cash rebate, and take a bank rate loan.
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