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Apr 1, 2011 | 10:10 PM

1RedVettFor2

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Joined: Mar 2011

Posts: 72

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From: near Saint Louis Missouri

Corvette loans

Is there any place that specializes in loans for corvettes? A local bank is offering 3.3 interest rates on cars but I was wondering if there is a cheaper place?

Apr 1, 2011 | 10:12 PM

Yellow C-6

Burning Brakes

Joined: Jan 2009

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From: Martin KY

2015 C6 of Year Finalist

GM was offering 0 % not sure if that is still going on or not

Apr 1, 2011 | 10:17 PM

1RedVettFor2

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Joined: Mar 2011

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From: near Saint Louis Missouri

Sorry...I should have been more clear. I'm looking to buy used. Something in the 36-38k range.

Apr 1, 2011 | 10:25 PM

davidtcpa

Go Canes!

Joined: Dec 2009

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From: Boca Raton FL

St. Jude Donor '11-'12-'13-'14-'15-'16-'17-'18-'19-'20-'21

3.3% is a pretty good rate for a used car.

Apr 1, 2011 | 10:28 PM

calmtgguy

Le Mans Master

Joined: Feb 2008

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From: S.F. Bay Area CA.

I think that you'll find that 3.3% for 48 months is a great used car loan rate right now.

Apr 1, 2011 | 11:34 PM

Foxer55

Drifting

Joined: Apr 2010

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From: Waldorf, MD

RedVette,

Quote:

Is there any place that specializes in loans for corvettes? A local bank is offering 3.3 interest rates on cars but I was wondering if there is a cheaper place?

Credit union - 2.9%

Apr 1, 2011 | 11:35 PM

Gary '09 C6

Race Director

Joined: Aug 2010

Posts: 12,641

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From: Houston TX

Quote:

Originally Posted by calmtgguy

I think that you'll find that 3.3% for 48 months is a great used car loan rate right now.

agreed...

Apr 2, 2011 | 01:41 AM

Blaq Ops

Burning Brakes

Joined: Sep 2010

Posts: 1,109

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From: Huntsville Alabama

Quote:

Originally Posted by calmtgguy

I think that you'll find that 3.3% for 48 months is a great used car loan rate right now.

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Apr 2, 2011 | 02:11 AM

0PerformanceCorvettes

Former Vendor

Joined: Jan 2011

Posts: 5,350

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From: Orlando Florida

St. Jude Donor '11-'12-'13-'14, '16

YUP! I'm at 3.5% with BOFA . Historically these are great used car rates! Just watch out for any application fees or early termination fees.

Apr 2, 2011 | 02:33 AM

#10

brooklync5

Le Mans Master

Joined: Dec 2008

Posts: 6,612

Likes: 493

From: brooklyn ny

Just pay cash. Thats what i did no payments is the way to go.

Apr 2, 2011 | 03:48 AM

#11

AFVETTE

Team Owner

Joined: Sep 1999

Posts: 20,054

Likes: 44

From: Swansea IL

PFCU just announced 2.49% for up to 60 months on used car loans. Am buying the wife a 2008 Jaguar XK convertible.

Tom

Apr 2, 2011 | 06:24 AM

#12

Daekwan06

Safety Car

Joined: Feb 2011

Posts: 4,205

Likes: 21

From: Arlington VA

Just got 3.7% for 72 months on a used 07 thru Wells Fargo. So I think 3.4% for 48months used is pretty decent.

Shop around.. everybody else wanted 4+.. Including my own bank, Bank of America.

Apr 2, 2011 | 06:53 AM

#13

sjohnson2615

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Joined: Apr 2006

Posts: 1,257

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From: Bluffton,SC

Quote:

Originally Posted by brooklync5

Just pay cash. Thats what i did no payments is the way to go.

Maybe he doesn't have $38000 that he wants to spend on a car.
His question was not should I finance or pay cash.Please learn to read the question before you answer.

Apr 2, 2011 | 07:44 AM

#14

pinballfanatic

Racer

Joined: Mar 2008

Posts: 280

Likes: 3

From: West Greenwich Rhode Island

I got a 2.9% rate thru AAA.....fastest loan I ever got. It was a 2007 vert, triple black, m6 , z51, nav, 3lt for 28K. My AAA here in RI shopped around to find the best rate. I had to spend an additional 5 dollars to open up an account at a credit union.

Apr 2, 2011 | 07:46 AM

#15

DJSpeece

Racer

Joined: Nov 2005

Posts: 441

Likes: 3

From: North Canton, Ohio

Quote:

Originally Posted by sjohnson2615

Maybe he doesn't have $38000 that he wants to spend on a car.
His question was not should I finance or pay cash.Please learn to read the question before you answer.