I'm a first-time buyer and have good credit, but can anyone help me find some good banks/sites that list auto loan rates? Yes, I'm aware of google, but there's like a million spam sites out there. HELP ME PLEASE!!

 

go to your local bank or credit union. they will offer you the best rates available.

I got 4.63% through my local credit union.

 

My credit union offered me 6% a few months ago, but bank of america is offering 5% now? Has the economy influenced rates like this?

 

I just got 5.59 from Honda Motor Credit
Capitol One is about the same and they are good.

 

My credit union a month ago stated my rate would be 5.5%. Honda F&I said he could get 5.35%, but the difference in payment of $1.60 a month to me is not worth my having to sit in the F&I office for 1 hour as they try to sell me everything under the sun. I would rather show up with check in hand

 

I got 4.4% from a local credit union when I bought mine a couple weeks ago. When I told Honda that I wasn't going to finance through them and they asked what kind of rate I was getting, I had two people say they couldn't go anywhere near that low. Then a few days before I signed all the paperwork and picked up the car, the finance manager called and asked what rate I was getting and then said that he could match it. By that time, I had already turned in my loan app, been approved, and the loan check was on it's way to me. If they would have matched the rate up front, I would have financed through Honda, but it was too late!

It almost makes me wonder if you could bluff and tell them you have secured a loan at a low rate and give them a few days and then see if they'll match it. They're hurting for sales right now and if the customer finances the car elsewhere, they don't earn the interest on the loan, so they're probably very willing to work with you on a rate.