Hi, I'm new to the bb. Anyhow, I bot my car with a 3.9% 60 month loan. Used!
I'll tell you how to get a similar rate (its up to 4.25% now).
This loan is offered to members of Pentagon Federal CU. You have to generally be a member of the dept. of defense to get this rate but theres a little loophole. If you become a member of the NMFA (national military family foundation) you can then become a member of Pentagon Federal Credit Union.
It costs $20 to become a member of NMFA. Once you have that you can then open a checking account at PenFed with as little as $5. Then you can apply for the auto loan. Seems like a lot of work, but trust me, if you are buying a used car this is perhaps the lowest rate in the country for a 5-year note. And I think they finance up to 85 or 90% of the vehicle value....plus you'll be helping military families...