Financing and interest rates - Page 2

Alexk · 08-31-2022, 07:55 AM

Quote:

Originally Posted by rst08tierney

whats well qualified? Are you Tier1?

That rate given to you was VERY. Whos the lender?

My credit score is close to 800 and 8 years old, never missed single payment, paid off real estate, no more %15 credit cards balance etc etc
At least I've always gotten the lowest mortgage rate possible with my credit history

I showed the guy advertised %2.89 on chevys web site, he clicked on the offer and picked very similar car in my region and rate changed to similar %5.8

Camden45 · 09-05-2022, 03:44 AM

Quote:

Originally Posted by Alexk

My credit score is close to 800 and 8 years old, never missed single payment, paid off real estate, no more %15 credit cards balance etc etc
At least I've always gotten the lowest mortgage rate possible with my credit history

I showed the guy advertised %2.89 on chevys web site, he clicked on the offer and picked very similar car in my region and rate changed to similar %5.8

That's terrible. I always make sure to come in with Plan B, and not solely rely on whatever advertised rate the manufacturer has. At the very least, so you do not lose all leverage.

ckt227 · 09-05-2022, 08:47 AM

Always get outside financing. Credit Unions usually have the best rates. Then see if the dealer can find better rates. A few months ago my wife bought a new 22 Blazer. CU rates were 3.25%. Dealer got 3.15% through GM Financial. Does not seem like a big difference and I am not a fan of GM Financial, but there was a non advertised $1000 rebate if you went through GM Financial.

SATINSTEEL1LE · 09-05-2022, 10:17 AM

I am a 797 fico. Got my ZL1 new. I had the option to take 1.9% for 60 or 3.49% for 72. Took the 72, rolled $20k equity from my last car into this. Financed through GM financial.

Mine will be paid off a few years early. I make double payments here and there.

MadeInHB · 09-05-2022, 10:35 AM

Quote:

Originally Posted by SATINSTEEL1LE

I am a 797 fico. Got my ZL1 new. I had the option to take 1.9% for 60 or 3.49% for 72. Took the 72, rolled $20k equity from my last car into this. Financed through GM financial.

Mine will be paid off a few years early. I make double payments here and there.

How long ago though did you buy it?

Sent from my iPhone using Tapatalk Pro

SATINSTEEL1LE · 09-05-2022, 10:39 AM

Quote:

Originally Posted by MadeInHB

How long ago though did you buy it?

Sent from my iPhone using Tapatalk Pro

Got it as a left over 21 in April 2022.

Rob99 · 09-06-2022, 01:29 AM

Checked with my credit union, 2.49% appears to be a great rate for these times.

Pickles · 09-06-2022, 02:45 AM

"Rates", the word on its own can be misleading, because they can be calculated & explained in different ways & may, or may not, include or exclude, additional "charges".
So, the best way to compare any deals you may be offered is to compare the "T.A.P.", the Total Amount Payable (of your finance agreement), including all charges, over the term of the contract. Also check any penalties you may incur for early completion.

Zr8000 · 09-07-2022, 04:25 PM

Like said above. The rate does not really matter. They can make it what they want. Amount paid at the end of all the payments is what matters. Those super low interest finance plans cost money to do, they will hide the costs and fees in the pricing. There is also no such thing as zero percent financing. You will pay it somewhere. It is actually level monthly payments and a finance guy can do a 20% interest loan on level payments make people feel good thinking it is zero percent. A lot of times not buying on the Gm programs and going through your bank is cheaper.

keep_hope_alive · 09-12-2022, 10:50 AM

Best the dealer could do with a 750 score was 4.9% for 72. He said to expect rates to hit 8% or more by the end of the year.

BowTie-Guy · 10-11-2022, 02:46 PM

3.49% with GM Financial if you take delivery in October. MY ETA is 10/27, hopefully that holds & I can take advantage of that.

Dexterpoole2014 · 10-12-2022, 11:49 AM

Quote:

Originally Posted by keep_hope_alive

Best the dealer could do with a 750 score was 4.9% for 72. He said to expect rates to hit 8% or more by the end of the year.

sounds about right. My dealer in Dayton Ohio said that GM is doing 4.99%....i just inquired about ordering a new zl1 and they dont even have an allocation yet. much more than 5% and im not buying lol

JPMD · 10-23-2022, 08:05 PM

3.49% 60mos GM Financial
Signed paperwork & took delivery yesterday of 1SS 1LE from Bomnin South Florida

Preemo · 11-08-2022, 12:27 PM

Crazy how much rates changed since my build started back in June.
Theyve gone from 1.99% and with my vehicle finally arriving in a few weeks looks like my rate will be around 5%-6%. Turned my $750 monthly payment to about $960. Feels wonderful

09-06-2022, 01:29 AM	#21
Rob99 I’m Magik a physco dog Drives: '15 1LT/RS & '23 3LT/RS Join Date: May 2016 Location: N.J. Posts: 251	Checked with my credit union, 2.49% appears to be a great rate for these times. __________________ 2023 3LT RS Shadow Gray 2015 1LT R/S Blue Velvet Coupe. Previous: 2015 1LT Ashen Grey 2016 1LT Blue Velvet My entire life has been 'A Midlife Crisis'

09-12-2022, 10:50 AM	#24
keep_hope_alive Electrical Engineer Drives: 2023 1SS A10 Black Join Date: Apr 2022 Location: Illinois Posts: 775	Best the dealer could do with a 750 score was 4.9% for 72. He said to expect rates to hit 8% or more by the end 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

10-11-2022, 02:46 PM	#25
BowTie-Guy Drives: 2023 Silverado LT Trail Boss Join Date: Apr 2022 Location: TX Posts: 196	3.49% with GM Financial if you take delivery in October. MY ETA is 10/27, hopefully that holds & I can take advantage of that. __________________ '23 Summit White 1SS 1LE 6MT 4/28/22: 0500 (order placed) 5/10/22: 1100 7/18/22: 2000 Accepted by GM 7/19/22: 3000 Accepted by production control 9/9/22: 3100 Available to Sequence 9/9/22: 3300 Scheduled for Production 9/10/22: 3400 Broadcast TPW: 8/29/22 ---> 9/19/22 ---> NOW 9/26/22 10/4/22: 3800 Produced 10/10/22: 4300 Intermediate Del. - Delivered 11/2

11-08-2022, 12:27 PM	#28
Preemo Drives: Camaro 2ss Join Date: Oct 2022 Location: Albany, NY Posts: 17	2023 2SS Crazy how much rates changed since my build started back in June. Theyve gone from 1.99% and with my vehicle finally arriving in a few weeks looks like my rate will be around 5%-6%. Turned my $750 monthly payment to about $960. Feels wonderful

09-05-2022, 08:47 AM	#17
ckt227 Drives: CHEVROLET CORVETTE Join Date: Feb 2021 Location: SWFL Posts: 513	Always get outside financing. Credit Unions usually have the best rates. Then see if the dealer can find better rates. A few months ago my wife bought a new 22 Blazer. CU rates were 3.25%. Dealer got 3.15% through GM Financial. Does not seem like a big difference and I am not a fan of GM Financial, but there was a non advertised $1000 rebate if you went through GM Financial.

09-05-2022, 10:17 AM	#18
SATINSTEEL1LE Account Suspended Drives: 21 ZL1 Join Date: Feb 2022 Location: South East Posts: 662	I am a 797 fico. Got my ZL1 new. I had the option to take 1.9% for 60 or 3.49% for 72. Took the 72, rolled $20k equity from my last car into this. Financed through GM financial. Mine will be paid off a few years early. I make double payments here and there.

09-06-2022, 02:45 AM	#22
Pickles Drives: Audi RS3 Join Date: Aug 2022 Location: Melbourne Australia Posts: 68	"Rates", the word on its own can be misleading, because they can be calculated & explained in different ways & may, or may not, include or exclude, additional "charges". So, the best way to compare any deals you may be offered is to compare the "T.A.P.", the Total Amount Payable (of your finance agreement), including all charges, over the term of the contract. Also check any penalties you may incur for early completion.

09-07-2022, 04:25 PM	#23
Zr8000 Drives: Chevy Camaro Join Date: Apr 2020 Location: Wi Posts: 384	Like said above. The rate does not really matter. They can make it what they want. Amount paid at the end of all the payments is what matters. Those super low interest finance plans cost money to do, they will hide the costs and fees in the pricing. There is also no such thing as zero percent financing. You will pay it somewhere. It is actually level monthly payments and a finance guy can do a 20% interest loan on level payments make people feel good thinking it is zero percent. A lot of times not buying on the Gm programs and going through your bank is cheaper.

10-23-2022, 08:05 PM	#27
JPMD Drives: Camaro 1SS 1LE Join Date: Jul 2022 Location: Florida Posts: 12	3.49% 60mos GM Financial Signed paperwork & took delivery yesterday of 1SS 1LE from Bomnin South Florida

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