Quote:
Originally Posted by firebird_1252
true gman. my interest rate is 15.3% i dont think its terrible for my first truck.
I have heard of some being charged over 19% for their first truck. These lenders really rape you on interest starting out. On the other hand, there is a very high failure rate from first time buyers. Once you pay one truck off and keep payments up it will be easier to finance your next truck. My preference would be to save the money and pay cash. It does save a lot of interest money.