Current Camaro order and future interest rates

sblavesc · 09-25-2022, 07:00 PM

Is anybody else finding it a little concerning with the recent rate increase and another one evidently coming, what the rate will be when your vehicle comes in? It sure seem like the prime rate for excellent credit is heading to the 4.5-5% range.

metalhead79 · 09-25-2022, 08:47 PM

I'm expecting 5.5-6% by the time mine arrives.

WhiteMale · 09-26-2022, 06:57 AM

I managed to squeak in to 3% last month but my GF is a bank branch manager, if that helped, at all. I did start to get concerned about the Fed and interest rates but I seemed to weasel under the radar before they really hit locally.

sblavesc · 09-26-2022, 07:38 AM

Quote:

Originally Posted by WhiteMale

I managed to squeak in to 3% last month but my GF is a bank branch manager, if that helped, at all. I did start to get concerned about the Fed and interest rates but I seemed to weasel under the radar before they really hit locally.

Around that 3% mark is nice for this period in time......When I bought my 22 Acura RDX A-SPEC 3 month ago (which will go to my wife when the Camaro comes in) I got 2.9% (Through First Community CU), just not looking forward to the 4-6% percent that may be out there at that time when the Camaro comes in. I guess there always is the option to refinance it if the rates drop a year later after purchase.

sblavesc · 09-26-2022, 07:41 AM

Quote:

Originally Posted by metalhead79

I'm expecting 5.5-6% by the time mine arrives.

That's what Im expecting as well...but hopeful some credit unions are in the 4's still.

haggler · 09-26-2022, 02:07 PM

3.49 GM special financing is until 10/3. Hopefully my car comes by then.

sblavesc · 09-26-2022, 09:12 PM

Quote:

Originally Posted by haggler

3.49 GM special financing is until 10/3. Hopefully my car comes by then.

I wish you luck….that 3.49% is pretty good in these times.

SMURFSUP · 09-26-2022, 09:18 PM

Quote:

Originally Posted by sblavesc

I wish you luck….that 3.49% is pretty good in these times.

I have been offered the same right now here in Ontario Canada. My wife works for CIBC so that does help but the regular rate through GM is at 5.48% Locked in until the car comes in.

The 3.48% is only locked for 3months and we all know that it will take longer than that to come in.

Thankfully i always get a lower rate through CIBC.

haggler · 09-27-2022, 06:23 PM

Don't think its going to happen...dealer now says 10/7...we'll see.

tonyrugg · 09-27-2022, 08:01 PM

JUST did all my paper work 2022 2LT Blue / white int. rally white strips RS convert. delivery in 3 days!! my credit is 700 - got 7% on my loan was a bummer ordered in April and was 3.9%

rbiehl · 09-30-2022, 08:30 PM

Quote:

Originally Posted by tonyrugg

JUST did all my paper work 2022 2LT Blue / white int. rally white strips RS convert. delivery in 3 days!! my credit is 700 - got 7% on my loan was a bummer ordered in April and was 3.9%

I would look around at your local credit union. One of the local St. Louis credit unions is offering 1.99% fpr 36 months. 680 score and above. I am looking myself for my inbound ZL1 this week.

Sent from my SM-F936U using Tapatalk

MyGuyGordon · 10-03-2022, 08:29 AM

Hey guys,

I finally got my 2SS 1LE last Thursday!

Make sure you come into the dealer with another rate you are already comfortable with, or you will get screwed. The average rate for an 800+ FICO without any leverage is a 6.9% at best, my salesman said (referring to GM Financial rates). I was able to get a 4.74% from DCU.org, a credit union that only takes $15 to join. ($5 minimum deposit, $10 donation to an organization they support). The dealer wasn't able to get the 4.74%, but they asked if I would do 4.99% and finance through them to save both of us a headache. I took the 4.99% and called it a day, I had a very hefty down payment so the .25% wasn't really a big deal, but it did save me some time and headache, as well as made the dealer some extra money.

I'd say anything in the 4% to 5% range is not bad for now. Rates will keep going up, so get those camaros soon!

keep_hope_alive · 10-03-2022, 02:10 PM

There were no GM programs for the Camaro in my area, so I had to go traditional and best I found was 5.5% a few weeks ago. Not thrilled. I was told to expect rates to continue to climb the rest of the year.

sblavesc · 10-03-2022, 06:21 PM

Quote:

Originally Posted by keep_hope_alive

There were no GM programs for the Camaro in my area, so I had to go traditional and best I found was 5.5% a few weeks ago. Not thrilled. I was told to expect rates to continue to climb the rest of the year.

Yeah….I assume here soon the 5-6% is going to be the norm for excellent credit. Credit unions where I live are still at 4-4.5%.

09-25-2022, 07:00 PM	#1
sblavesc Drives: 2002 Camaro SS, 2022 Acura RDX Join Date: Sep 2022 Location: Illinois Posts: 96	Current Camaro order and future interest rates Is anybody else finding it a little concerning with the recent rate increase and another one evidently coming, what the rate will be when your vehicle comes in? It sure seem like the prime rate for excellent credit is heading to the 4.5-5% range. __________________ 2023 Camaro 2SS - A10 - 1LE 9/13 - 1100 10/27 - Dealer Allocation - Change Color to Rapid Blue 11/1 - 3000 No TPW 11/21 - 3400 TPW 11/28 12/5 - 3800 12/7 - 4000

09-26-2022, 02:07 PM	#6
haggler Drives: '23 2SS RSblue 6MT, sold '19 ND2 Join Date: Dec 2021 Location: Los Angeles Posts: 262	3.49 GM special financing is until 10/3. Hopefully my car comes by then. __________________ '23 2SS, 6 speed, NPP, Copper-free brakes, 56V Carbon Flash Rims, Riverside Blue 1LE sway bars EOS front splitter 5-6-22:1100, 7-19-22: 3000, 8-3-22: TPW 8/15/22, 10-4-22: ETA 10/13/2022 10-15-22 6000

09-27-2022, 06:23 PM	#9
haggler Drives: '23 2SS RSblue 6MT, sold '19 ND2 Join Date: Dec 2021 Location: Los Angeles Posts: 262	Don't think its going to happen...dealer now says 10/7...we'll see. __________________ '23 2SS, 6 speed, NPP, Copper-free brakes, 56V Carbon Flash Rims, Riverside Blue 1LE sway bars EOS front splitter 5-6-22:1100, 7-19-22: 3000, 8-3-22: TPW 8/15/22, 10-4-22: ETA 10/13/2022 10-15-22 6000

10-03-2022, 08:29 AM	#12
MyGuyGordon Drives: 2023 Camaro 2SS 1LE A10 Join Date: Jun 2022 Location: Bergen County, NJ Posts: 11	Credit Union Hey guys, I finally got my 2SS 1LE last Thursday! Make sure you come into the dealer with another rate you are already comfortable with, or you will get screwed. The average rate for an 800+ FICO without any leverage is a 6.9% at best, my salesman said (referring to GM Financial rates). I was able to get a 4.74% from DCU.org, a credit union that only takes $15 to join. ($5 minimum deposit, $10 donation to an organization they support). The dealer wasn't able to get the 4.74%, but they asked if I would do 4.99% and finance through them to save both of us a headache. I took the 4.99% and called it a day, I had a very hefty down payment so the .25% wasn't really a big deal, but it did save me some time and headache, as well as made the dealer some extra money. I'd say anything in the 4% to 5% range is not bad for now. Rates will keep going up, so get those camaros soon!

10-03-2022, 02:10 PM	#13
keep_hope_alive Electrical Engineer Drives: 2023 1SS A10 Black Join Date: Apr 2022 Location: Illinois Posts: 775	There were no GM programs for the Camaro in my area, so I had to go traditional and best I found was 5.5% a few weeks ago. Not thrilled. I was told to expect rates to continue to climb the rest of the year. __________________ 2023 1SS A10 Black NPP/C2U/H72 - Daily Driver Historically an Accord and Camry owner with self-performed maintenance/repair. 1100: 5/3/22 . . . . . . . 2000: 6/25/22 . . . . . .4000: 8/17/22 . . . . . . . 6000: 9/10/22 Daily Driver mileage update: 22k mi. @ April 2024 New Engine @ 22,600 Build Log: https://www.camaro6.com/forums/showt...6#post11353116

09-25-2022, 08:47 PM	#2
metalhead79 Yep... Drives: 2019 1SS - sold Join Date: Oct 2019 Location: CO Posts: 90	I'm expecting 5.5-6% by the time mine arrives.

09-26-2022, 06:57 AM	#3
WhiteMale Drives: 23 ZL1 A10 Rapid Blue Join Date: Aug 2020 Location: MO Posts: 1,988	I managed to squeak in to 3% last month but my GF is a bank branch manager, if that helped, at all. I did start to get concerned about the Fed and interest rates but I seemed to weasel under the radar before they really hit locally.

09-27-2022, 08:01 PM	#10
tonyrugg Drives: 2022 chevrolet camaro 2lt vert. Join Date: Jun 2022 Location: stratford ct Posts: 6	JUST did all my paper work 2022 2LT Blue / white int. rally white strips RS convert. delivery in 3 days!! my credit is 700 - got 7% on my loan was a bummer ordered in April and was 3.9%

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