Hi folks. BC question here.
Well, as you all know, I'm debating between a used car (Impreza) and a new car (Mazda 3).
However, when I was in TD Canada Trust, I checked out the rate thingy and it said that the rate for an auto loan was 8%...
I was like "EIGHT PERCENT?! At that right, I might as well get a new Mazda!" What's attractive about getting financing from Mazda is it's very low rates.
If most other banks and loan services will only give me 8% as their lowest, then I'll be looking at a new car for sure. And chances are that rates will NOT go any lower (the government has already lowered the rate to super low levels already) so... yeah...
Does anyone know if there banks are giving out loan rates for less than 8%?
Well, as you all know, I'm debating between a used car (Impreza) and a new car (Mazda 3).
However, when I was in TD Canada Trust, I checked out the rate thingy and it said that the rate for an auto loan was 8%...
I was like "EIGHT PERCENT?! At that right, I might as well get a new Mazda!" What's attractive about getting financing from Mazda is it's very low rates.
If most other banks and loan services will only give me 8% as their lowest, then I'll be looking at a new car for sure. And chances are that rates will NOT go any lower (the government has already lowered the rate to super low levels already) so... yeah...
Does anyone know if there banks are giving out loan rates for less than 8%?