Financing and Interest Rate Questions

slick3 · 12-02-2016, 06:33 PM

I will be taking delivery of my 1LE this month and want to get my financing situation squared away. Previously, I have purchased my cars in cash and never financed. I do in fact want to finance this time around. So with that said....I have a 750+ plus credit score with squeaky clean history + putting half down.

Gm Financial ? Experiences?
Whats a decent interest rate right now? (loaded question, I know)
What kind of interest rates are you guys securing?
Should I go private rather than through GM? My father had good experience with FMC financing in the past.

Thanks for your input.

parish8 · 12-02-2016, 07:16 PM

I let the dealer get me a loan but it was not any special gm deal or anything. Ended up at 2.39% for 72mo thru Wells Fargo.

Miller79 · 12-02-2016, 07:20 PM

Chevrolet.com is offering 2.9% for 60 months right now with GM financial. Personally I think you could get better privately. I got a 72 month loan which typically has a higher rate for 2.69% through Chase. Capital One offered me 2.71%. My advice is to shop around yourself. More often than not you will get a lower rate on your own rather than going through your dealer.

KyWildcats · 12-02-2016, 07:33 PM

Can get a 1.49 through cap one I sell cars but your dealer won't tell u that.

slick3 · 12-02-2016, 07:51 PM

Quote:

Originally Posted by KyWildcats

Can get a 1.49 through cap one I sell cars but your dealer won't tell u that.

That's a pretty decent rate. Do you suggest I contact them directly to get pre approved?

Captain Obvious · 12-02-2016, 07:55 PM

Any credit union worth their salt can get you under 2% for 72 months.

Sub · 12-02-2016, 11:37 PM

Yes. Ive used penfed for years. Excellent, and american. 1.99 for 48 or 60.

jlcjunior88 · 12-03-2016, 12:22 AM

If you reside in San Diego, Riverside or San Bernardino county try Pacific Marine Credit Union. They have rates as low as 1.47% for 60 months and 1.97% for 72 months.

https://www.pmcu.com/?CABINET=Main&D...%20Rates&FMM=Y

slick3 · 12-03-2016, 06:27 AM

Quote:

Originally Posted by jlcjunior88

If you reside in San Diego, Riverside or San Bernardino county try Pacific Marine Credit Union. They have rates as low as 1.47% for 60 months and 1.97% for 72 months.

https://www.pmcu.com/?CABINET=Main&D...%20Rates&FMM=Y

I'm in Rancho myself, I will definitely check them out!!! Thanks for the tip.

SixgenSix · 12-06-2016, 02:45 PM

I was pre-approved through Chase for 1.99% 60 months and that's what I told my dealer. Dealer matched it with one of their lenders. Me thinks I could have got a lower APR If I told them I was pre-approved for less. Damn it lol.

63falcondude · 12-06-2016, 03:46 PM

My credit union and dealer were going back and fourth (through me). Ended up with 2.39% for 72 months from dealership. Two hard checks total on credit.

Sub · 12-06-2016, 07:57 PM

is GM not doing the 0% offer on camaro? Havent heard anyone talking about it.

vexss2010 · 12-06-2016, 08:04 PM

Quote:

Originally Posted by Sub

is GM not doing the 0% offer on camaro? Havent heard anyone talking about it.

16s they are (if u can find any)

12-02-2016, 06:33 PM	#1
slick3 Drives: Garnet Red - 20 ZLE Join Date: Jun 2016 Location: Southern California Posts: 1,010	Financing and Interest Rate Questions I will be taking delivery of my 1LE this month and want to get my financing situation squared away. Previously, I have purchased my cars in cash and never financed. I do in fact want to finance this time around. So with that said....I have a 750+ plus credit score with squeaky clean history + putting half down. Gm Financial ? Experiences? Whats a decent interest rate right now? (loaded question, I know) What kind of interest rates are you guys securing? Should I go private rather than through GM? My father had good experience with FMC financing in the past. Thanks for your input.

12-02-2016, 07:20 PM	#3
Miller79 Drives: '17 Camaro 1SS Join Date: Oct 2016 Location: Illinois Posts: 106	Chevrolet.com is offering 2.9% for 60 months right now with GM financial. Personally I think you could get better privately. I got a 72 month loan which typically has a higher rate for 2.69% through Chase. Capital One offered me 2.71%. My advice is to shop around yourself. More often than not you will get a lower rate on your own rather than going through your dealer. __________________ 2017 1SS Hyper Blue w/ White Rally Stripes Order #TVGVN7 Ordered: 10/12/16 Built: 11/09/16 Finally picked up: 12/14/16

12-02-2016, 07:33 PM	#4
KyWildcats Z Bowman Drives: 2010 2SS (SOLD), 2016 2SS, 2007 Z71 Join Date: Aug 2011 Location: Kentucky Posts: 222 View My Garage	Can get a 1.49 through cap one I sell cars but your dealer won't tell u that. __________________ 2016 2SS M6 Bo White Ported MSD, Bo White Ported TB, Flex Fuel Kit, Drag Pack, Rotofab, Ryan Stevens GPI tune, 15” conversion Fastest Bolt On N/A M6 Record Holder 11.268 @ 120.268 2010 2SS/RS A6 (sold)Mods: Borla Atak Catback, Stainless Power 1 7/8 Headers, TSP VVT-3 Cam, 3200 Yank Stall, CAI Inake, Ported TB, 18" MT ET STREETS

12-06-2016, 03:46 PM	#11
63falcondude Drives: 16 Camaro, 11 Stryker, 00 Explorer Join Date: Dec 2015 Location: NJ Posts: 1,214	My credit union and dealer were going back and fourth (through me). Ended up with 2.39% for 72 months from dealership. Two hard checks total on credit. __________________ NGM, 2SS, 6MT, NPP, MRC, Nav, Kalahari, Grey Wheels 1100 12/14/2015 3000 1/8/2016 (TPW 2/1) 3800 2/1/2016 5000 3/5/2016

12-02-2016, 07:16 PM	#2
parish8 Drives: 17 SS a8 Join Date: Feb 2010 Location: omaha Posts: 1,678	I let the dealer get me a loan but it was not any special gm deal or anything. Ended up at 2.39% for 72mo thru Wells Fargo.

12-02-2016, 07:55 PM	#6
Captain Obvious ^Name^ \| Things I Say --> Drives: 2016 2SS Convertible, Hyper Blue Join Date: Oct 2016 Location: Le Claire, IA Posts: 152	Any credit union worth their salt can get you under 2% for 72 months.

12-02-2016, 11:37 PM	#7
Sub Drives: 2017 ZL1 Join Date: Oct 2016 Location: Ny Posts: 859	Yes. Ive used penfed for years. Excellent, and american. 1.99 for 48 or 60.

12-03-2016, 12:22 AM	#8
jlcjunior88 Drives: 2016 Camaro 1SS Coupe Join Date: Sep 2016 Location: Rancho Cucamonga, CA Posts: 10	If you reside in San Diego, Riverside or San Bernardino county try Pacific Marine Credit Union. They have rates as low as 1.47% for 60 months and 1.97% for 72 months. https://www.pmcu.com/?CABINET=Main&D...%20Rates&FMM=Y

12-06-2016, 02:45 PM	#10
SixgenSix Drives: 2020 SHOCK SS 1LE Join Date: Sep 2016 Location: Southern California Posts: 384	I was pre-approved through Chase for 1.99% 60 months and that's what I told my dealer. Dealer matched it with one of their lenders. Me thinks I could have got a lower APR If I told them I was pre-approved for less. Damn it lol.

12-06-2016, 07:57 PM	#12
Sub Drives: 2017 ZL1 Join Date: Oct 2016 Location: Ny Posts: 859	is GM not doing the 0% offer on camaro? Havent heard anyone talking about it.

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