Used Cars: What is a good interest rate on a 2002 Jeep?, jeep wrangler, finance institutions

Question
I am considering buying a third vehicle for fun and personal use, I only want a Jeep Wrangler, and I found one at what I feel is a fair price ($2500 below KBB).  I have excellent credit, but the best interest rate I have received, with a significant down payment, is 8.99%.  Is that a fair interest rate (36 months) for a $7000 loan (bank minimum) on a 2002 Jeep Wrangler X?  I have a Zero percent loan on one vehicle and 4.9% on another.  8.99% seems like sticker shock to me...

Answer
Well that is not that bad of a rate, realistically it seems the older the vehicle, the higher the rate.  For instance, the bank I deal with here would probably write me at about 9-10%.  It might make you feel better to figure the interest you will have paid at a lower rate, that you feel you should get, and compare it to the 8.99 you have been offered.  I think you will find it really is not that big of deal, when you are talking about financing $7000.  Now if you were financing $20,000 or higher, probably like what you paid with the 0% and 4.9%, it would make a significant difference.  I hope this helps but take comfort in knowing that right now, finance institutions are really working to land the good credit people, so the chances are they are trying like heck to get you, that is just all they got to offer.  I hope this helps.