Interest rates

Asked by Jan 19, 2016 at 01:40 AM about the 2004 Ford F-150 FX4 Ext. Cab 4WD

Question type: Shopping & Pricing

What is a reasonable inerest rate on a used car. I
checked into a truck i found on here and talked to
someone at the dealership and it just doesnt
sound right. Yhrir asking $8990 for the truck and i
want to put $4000 down. According to them the
payment on the remaining $4990 plus tax and
possessing fees and whatever else is $329 a
month for 39 months. Thats like 60 to 70%
interest. That just doesn't sound right.

4 Answers

simplafi your payment should be about $175/mo (figure taxes about 550 and reg and fees about $325). that's at 8%. some banks may charge a higher rate for this older truck. Your credit score also makes a difference in rate. But $329 is unreal

405

Do you have a pretty good FICO score? 700 and up?

20,460

Contact the salesman and ask him what interest rate you are being charged. It should be written on the contract.

7,495

Interest rate is based on your credit score. Depending what state your buying the vehicle you have taxes, registration and other fees but even with everything added up, shouldn't be more than $200 a month. Interest rates on used vehicles are from 4 to 8% with average credit score but some dealers will stick it to you as much as 29%

Your Answer

F-150

Looking for a Used F-150 in your area?

CarGurus has 197,079 nationwide F-150 listings starting at $1,300.

ZIP:
Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Ford F-150 Experts

  • #1
    OJ
    Reputation
    9,090
  • #2
    dandyoun
    Reputation
    4,580
  • #3
    tennisshoes
    Reputation
    3,140
View All

Related Models For Sale

Used Chevrolet Silverado 1500
2,266 Great Deals out of 169,087 listings starting at $1,000
Used GMC Sierra 1500
1,027 Great Deals out of 66,257 listings starting at $1,995
Used Ford F-250 Super Duty
323 Great Deals out of 45,598 listings starting at $1,700
Used Dodge Ram 1500
390 Great Deals out of 10,845 listings starting at $1,500
Used Toyota Tundra
468 Great Deals out of 33,602 listings starting at $2,000
Used Toyota Tacoma
598 Great Deals out of 44,632 listings starting at $1,790
Used Ford Mustang
613 Great Deals out of 36,332 listings starting at $899
Used Nissan Titan
213 Great Deals out of 20,682 listings starting at $3,390
Used Chevrolet Colorado
276 Great Deals out of 34,286 listings starting at $1,900
Used Ford F-350 Super Duty
330 Great Deals out of 25,302 listings starting at $2,488
Used Chevrolet Silverado 2500HD
327 Great Deals out of 30,479 listings starting at $3,500
Used Chevrolet Tahoe
735 Great Deals out of 41,544 listings starting at $1,995
Used Ford Explorer
935 Great Deals out of 68,718 listings starting at $1,800

Used Cars For Sale

2018 Ford F-150 For Sale
63,667 listings starting at $21,482
2017 Ford F-150 For Sale
123 Great Deals out of 60,052 listings starting at $14,369
2016 Ford F-150 For Sale
138 Great Deals out of 8,039 listings starting at $16,995
2015 Ford F-150 For Sale
377 Great Deals out of 11,620 listings starting at $15,591
2014 Ford F-150 For Sale
515 Great Deals out of 14,517 listings starting at $9,999

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.