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Is a 2.5% APR for 36 months a good rate on a Dodge Journey that costs $13,500?

"I want to buy a 2016 Dodge Journey for $13,500. I applied for the loan and they gave me a rate of 2.5% for 36 months. Is this a good rate?"

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“That sounds like a decent deal. The question is whether you have shopped around for other rates.
If you take the first or only deal you come across, you’re leaving money on the table. Make sure to look around for the best rate, just as you would with
car insurance
. That’s how you’ll get the best deal.”
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