hi

Hijazi,<p>Rates on a new car in my area vary from 6.35% (credit union) to around 10.00% (yeah, right like I'm going to pay THAT!) It really depends upon the length of your contract, etc...<p>Check with Carfinance.com, a subsidiary of NationsBank, which can give you a rough idea of rates in your geographic region and can also provide you with a fairly competitive rate and payment estimates for different terms.<p>For simplicity, I just was pre-approved for a 7.49% rate at a Seattle area credit union. I could have gone through the process at another local credit union for a 6.35% rate, but they are kid of behind the times and I would have to first set up an account (ok, I know 5 minutes) and then wait for a "loan committee" to meet in the next couple of weeks or so, just for the pre-approval. No time for that, so I went with my existing credit union which is technologically connected and preapproved me via computer over the phone (actually a person preapproved me with the use of a computer). I have had previous loans with them and I know that they are great to deal with and "wired" which is a necessity for me. I may refinance later at a lower rate when I have time as you can still refinance at "new" car rates within a limited amount of time of owning the car (three months or something). Anyway, hope this helps.<p>Kirk<ul><li><a href="http://www.carfinance.com">Carfinance.com</a></li></ul>

jhi<br>