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Decent car loan APR?


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Looking to replace my Tesla Model 3 performance with another Model 3 performance.  When we got my wife's Model Y last year in March, I found a rate of 3.99% at US Senate FCU, which was at the time a lower rate than the 4.5% or higher I was seeing elsewhere.  Probably a promotional rate.  Love to find a similar deal, anybody seeing anything under 5% APR for 60 months with an over 820 credit score? Lowest so far I've found was 5.24.  

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7 hours ago, Zone Read said:

Looking to replace my Tesla Model 3 performance with another Model 3 performance.  When we got my wife's Model Y last year in March, I found a rate of 3.99% at US Senate FCU, which was at the time a lower rate than the 4.5% or higher I was seeing elsewhere.  Probably a promotional rate.  Love to find a similar deal, anybody seeing anything under 5% APR for 60 months with an over 820 credit score? Lowest so far I've found was 5.24.  

Yeah dude, interest rates have been raised like 3 times since then...financing anything now is gonna suck.

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14 hours ago, Zone Read said:

Looking to replace my Tesla Model 3 performance with another Model 3 performance.  When we got my wife's Model Y last year in March, I found a rate of 3.99% at US Senate FCU, which was at the time a lower rate than the 4.5% or higher I was seeing elsewhere.  Probably a promotional rate.  Love to find a similar deal, anybody seeing anything under 5% APR for 60 months with an over 820 credit score? Lowest so far I've found was 5.24.  

This time last year the 5Y Treasury yield 3.6%, 100bps (1%) lower than today's 4.6%. 

5.25% loan is not too high of a premium above that, and should be considered quite fair.

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9 hours ago, Chewbacca said:

Maybe stop giving Elon money.

Considering the Feds are giving me money to buy the car, and my automobile operational costs are a fraction of what they were when I had my Audi, I'm not opposed to making him a little richer.  

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On 4/30/2024 at 9:21 AM, Zone Read said:

Considering the Feds are giving me money to buy the car, and my automobile operational costs are a fraction of what they were when I had my Audi, I'm not opposed to making him a little richer.  

BuT bUt FaScIsM bro. 

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On 5/11/2024 at 2:54 PM, wild_turkey said:

I just got an email from Tesla to finance a new Model Y from 0.99% APR. No idea if it’s available on other models.

Why are you replacing your Model 3?

Nope, only the Y gets that APR.  I'm replacing mine since it's 4 years old and warranty is about to run out.  New 3 performance models are faster, better looking, and handle better.  This model is a total redesign and it gets rave reviews.    With the 7.5K tax rebate my payments will be lower.  And I know people giving financial advice would say this is financially silly, it's not a big deal to me.  I live pretty frugally and this is my one indulgence.  I love fast cars and I don't want to spend six figures to get one.

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On 5/12/2024 at 8:53 PM, Zone Read said:

Nope, only the Y gets that APR.  I'm replacing mine since it's 4 years old and warranty is about to run out.  New 3 performance models are faster, better looking, and handle better.  This model is a total redesign and it gets rave reviews.    With the 7.5K tax rebate my payments will be lower.  And I know people giving financial advice would say this is financially silly, it's not a big deal to me.  I live pretty frugally and this is my one indulgence.  I love fast cars and I don't want to spend six figures to get one.

Is this the one with the headlights that look like the S?

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