Should I accept a 20.9% interest rate on a $25k car loan?

E

ErinCaban25

New Member
So I went for a 25k car loan and they offered me 20.9% interest over 5 years – honestly, that makes it completely not worth it in my book. I went to one of the big four banks, and isn't th at just not worth it anymore?

Update: I'm gonna try a different lender through ClearScore, but it's pretty much the same, so I'll move on to a broker. My credit score's 860, so I should have a better chance, I hope.
 
I just got conditional approval for $20,000 at 7% interest from CBA, unsecured. I just need to send my payslips. Something's not quite right with your application or history..
 
Thanks so much for all the advice! I'm thinking of trying a few different lenders, and if that doesn't work, I'll just grab an old cheap car since I've got some savings.
 
Back
Top