I borrowed against my 401k. Some advise against it but I think there are advantages. The title is in my name and I'm paying myself back the interest at about 8%, which is better than the markets are doing lately.

 

Strait through HD at 7%. Can't imagine signing at 11, there is no way that is the best they can do.

 

go to a credit union or bank. I would never sign at 11

 

Just checked my note from Harley 5.9% 60 months. Banks were quoting 7.5 last July. I would certainly shop that around. If your credit rating is in the crapper, they'll all be high.

 

You are exactly right Texas...that is why I pay cash as much as I can. I had to borrow for my SG, but I borrowed from my credit union at 6.5%

A dealer does shop loans for their best profit and what they think the consumer is stupid enough to sign. I found that out the hard way many years ago, as I'm sure many, many others have experienced. I was told "well, you have a few issues with your credit". My only issues are that my bills are paid every month, on time.

I will say that my last encounter with a finance officer at a car dealership trying to stick me with a 12% new car loan got REAL ugly. I had this guy just about ready to come over the desk on ME!!! I walked out and a week later they were calling me back to offer 7%. I said KMA.

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Check w/ your local teacher's credit union. All i had to do is open an account and got 4.5 ish% but that was in aug 06