After being in a car accident, Jeff Barringer needed a new car, and fast. Jeff hates car shopping though. With the help of a trusted friend, Jeff was able to score a great deal on a car he didn’t think was even in his price range and a great deal on the car loan. It goes to show that it really is the ultimate car buyer’s market right now.
- Bank of America: 48 months, 5.7%, $373.56 per month, $17,930.09 over the life of the loan, $200 application fee
- Eastern Financial Credit Union: 48 months, 7.7%, $388.56 per month, $18,650.88 over the life of the loan, credit score of 736
- Eastern Financial Credit Union (if Jeff had them check his credit with another bureau and got him over the 740 “excellent” credit threshold): 48 months, 4.49%, $364.78 per month, $17,509 over the life of the loan
- Honda Financial Services: 48 months, 6.1%, $376.49 per month, $18,071.52 over the life of the loan
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