Is 7.99% a good rate for a new Saturn vue, with a Trade in thats worth about $12,000??

Answer 1

No, you can do better because American cars depreciate like crazy. I got a 2006 5 series for 2.9% it's all about looking for more

Answer 2

I work for a auto finance center and get that question every day...It all depends on your credit score and if you are buying the vehicle from a dealership or if your trying to finance it with a bank directly...the dealer will contact the bank get their rates on what the loan is for and then the dealer will raise the interest rate on the loan so that every time you make a payment on the loan with the finance company , they will get a portion of that as well...dealers won't tell you that it's true but I know the story ......and it's true
But if your trading in a vehicle for the new one....the dealership is the only way to go ...me personally I would sale the other vehicle to another individual and go to a finance company like Chase, Bank of America , or even Wells Fargo to have the other financed at a good or lower rate.......all banks have an auto finance department that can assist.

Answer 3

Well it all depends on your credit, if you are what they call a high tier customer you should be paying no more than 6% your financing rate really has nothing to do with your trade in amount, i would shop around and try a different dealer, also do some research on the Internet a Saturn is a gm and gm about every 9 months runs a zero percent fiance offer that right there would save you thousands of dollars hope this helps thanks adam

Answer 4

The Vue is a great vehicle. Have had three of them. There was a problem with the CVT a few model years ago but they do not make those anymore.

If you are financing through the dealer wait one week(May 24)

Answer 5

That's a high rate and a bad car. Don't take my word for it check Consumer Reports. Saturn doesn't make a good car. Don't walk run away.