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?"

“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.”
Eric Schad
Answered on Jul 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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