Veteran Services: Finance Questions

Finances

You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.

Questions & Answers

« Back to Finance Questions & Answers

Financial Questions & Answers

Question:

Can you tell me the rate on purchasing a new and used vehicle? – Watson

Answer:

While today’s low interest rates can be a headache for folks looking at their savings account or CD rates, for you the news is a lot better! Typically, used car loans are a bit more expensive than loans for new cars, but either way, now is a great time to be in the market for a car loan. As with all loans, the rates and availability will be largely influenced by your own credit situation. If you have a good credit score, you should be able to get a new car loan for around 2 percent and a used car loan for around 4 percent. And as has been the case in recent history, many auto manufacturers are offering zero percent loan deals on new cars for folks with clean credit records.