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

325

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

17,870

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

6,355

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

Add photo

Related Questions

F-150

Looking for a Used F-150 in your area?

CarGurus has 210,530 nationwide F-150 listings starting at $1,499.

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

Search Ford F-150 Questions

Ford F-150 Experts

#1 OJ
OJ
Reputation 7,660
#2 dandyoun
dandyoun
Reputation 4,300
#3 tennisshoes
tennisshoes
Reputation 2,680
View All

Related Models For Sale

Used Chevrolet Silverado 1500
1,815 Great Deals out of 168,314 listings starting at $1,950
Used GMC Sierra 1500
854 Great Deals out of 66,786 listings starting at $1,995
Used Dodge Ram 1500
442 Great Deals out of 11,342 listings starting at $1,000
Used Ford F-250 Super Duty
351 Great Deals out of 47,749 listings starting at $1,795
Used Toyota Tundra
516 Great Deals out of 33,556 listings starting at $3,400
Used Toyota Tacoma
505 Great Deals out of 39,604 listings starting at $2,900
Used Ford Mustang
375 Great Deals out of 47,165 listings starting at $1,999
Used Nissan Titan
190 Great Deals out of 18,602 listings starting at $3,995
Used Chevrolet Colorado
231 Great Deals out of 23,800 listings starting at $2,200
Used Chevrolet Tahoe
564 Great Deals out of 27,717 listings starting at $1,999
Used Ford Explorer
812 Great Deals out of 75,234 listings starting at $750
Used Ford Ranger
193 Great Deals out of 6,053 listings starting at $1,299
Used Jeep Wrangler
281 Great Deals out of 18,785 listings starting at $2,995

Used Cars For Sale

2017 Ford F-150 For Sale
15 Great Deals out of 125,402 listings starting at $18,490
2016 Ford F-150 For Sale
143 Great Deals out of 22,929 listings starting at $18,800
2015 Ford F-150 For Sale
187 Great Deals out of 7,531 listings starting at $10,999
2014 Ford F-150 For Sale
370 Great Deals out of 12,489 listings starting at $7,995