Auto loan balance keeps rising...

[gorcorps]

Depressing to know that you have to pay $150 in interest every month. Seeing it applied to your balance at the end of every day just makes it worse.

Tip: Pay cash for your next vehicle.

Sometimes you can find a good deal when they're running a 0% financing deal. I got in on one not even a month ago. Same as cash, just spread out through 5 years. I mean yeah, it's a brand new car so depreciation is still a bummer... but a lot less of a bummer than it could have been.

 

[OCGuy]

Penfed car loan rate now 2.49%

You can go straight through the dealer and get 0%-2.9%.

 

[JS80]

You can go straight through the dealer and get 0%-2.9%.

Not for used cars. I never buy new.

I don't know anyone else that offers lower rates on used cars than Penfed.