Typical personal/auto loan interest rates?

[Enraged]

Does anyone know what a typical personal/auto loan rate from a major Canadian bank is? None of the sites I have looked at (TD, BMO) state what the rate is, only that they offer fixed and variable rate loans. I'm considering picking up a used car (2001 model year), but I would need a loan for it.

[Thalo]

On a 2001 you'll be lucky to have it classified as partial security, which means you don't get the preferential secured loan rates (slightly over prime or a fixed rate in the single digits) that are reserved for cars less than 5 years old. Likely you're looking at an interest rate around 10%+, higher if it has to be a completely unsecured loan.

[DouglaBryan]

It depends on the length of the term. I'm going to be buying a used car later this week and the bank rates that Toyota quoted me were all in the high 8, low 9 percent range.

My credit union (Virtual One) advertises 7.2% for used car loans

President's choice offers an "All purpose loan (http://www.banking.pcfinancial.ca/a/rates/allPurposeLoanRate.page)" with pretty good rates.

[hempopotamus]

Meridian Credit Union was offering Prime + 1 on late model used this past summer. That's the rate I got on an 07 anyhow.

[Enraged]

Does the value of the car effect the loan? The car I'm looking at is in California, the owner is asking under $20k, but the exact same car locally (Victoria BC) is worth over $30k.

[mrwally]

I just bought a used VW from the dealer (Certified Pre-Owned) and got 1.9% zero-down - I couldn't even find too many dealers offering that on new cars (well, GM had 0% on certain models but had to have a down payment).

[AllWheelDrift]

Does the value of the car effect the loan? The car I'm looking at is in California, the owner is asking under $20k, but the exact same car locally (Victoria BC) is worth over $30k.
From what I understand it's extremely difficult (impossible?) to get a car loan to buy a car to import from the US. I could be wrong though. Your best bet might be to try to qualify for a LOC. Or you might be able to get a loan once the car has been imported, though that begs the question, how do you pay the seller?