Freedom
Thread Starter
Team Owner
Joined: Sep 2005
Posts: 29,113
Likes: 2,194
From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
Freedom
Finally ............. 
No longer will I have to deal with Ally, G M's financing arm. Without question, the worst experience related to my Corvette purchase two years ago. And, shame on me for not verifying before hand what I was told I could do by the f & i people at Classic Chevy in Grapevine, TX. Ally will not let one make principal only payments nor, will they lower your initial interest rate if you re fi. Good thing for Classic, their Corvette service techs are excellent and, Charlie Evens my sales go to is a no b/s person.
No longer will I have to deal with Ally, G M's financing arm. Without question, the worst experience related to my Corvette purchase two years ago. And, shame on me for not verifying before hand what I was told I could do by the f & i people at Classic Chevy in Grapevine, TX. Ally will not let one make principal only payments nor, will they lower your initial interest rate if you re fi. Good thing for Classic, their Corvette service techs are excellent and, Charlie Evens my sales go to is a no b/s person.
Melting Slicks
Joined: Mar 2013
Posts: 2,157
Likes: 244
From: carlisle pa
I agree with you on the fine print shinanagans, you could have gone to a bank who will let you make extra payments etc., obtained the loan and paid off the old loan... Kind of like refinancing a home loan. Congrats
Thread Starter
Team Owner
Joined: Sep 2005
Posts: 29,113
Likes: 2,194
From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
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Brett Foote
Race Director
Joined: Dec 2010
Posts: 18,102
Likes: 1,609
Congrats Mike 
I recently purchased a new Ford and to get a $1500 rebate I had to finance some amount from Ford to get it. When the first payment came I sent the whole payoff amount
They never got a dollar of interest from me....
I recently purchased a new Ford and to get a $1500 rebate I had to finance some amount from Ford to get it. When the first payment came I sent the whole payoff amount
They never got a dollar of interest from me....
Safety Car
Joined: Jul 2013
Posts: 4,408
Likes: 3,485
From: Granada Hills CA
Finally ............. No longer will I have to deal with Ally, G M's financing arm. Without question, the worst experience related to my Corvette purchase two years ago. And, shame on me for not verifying before hand what I was told I could do by the f & i people at Classic Chevy in Grapevine, TX. Ally will not let one make principal only payments nor, will they lower your initial interest rate if you re fi. Good thing for Classic, their Corvette service techs are excellent and, Charlie Evens my sales go to is a no b/s person.
No longer will I have to deal with Ally, G M's financing arm. Without question, the worst experience related to my Corvette purchase two years ago. And, shame on me for not verifying before hand what I was told I could do by the f & i people at Classic Chevy in Grapevine, TX. Ally will not let one make principal only payments nor, will they lower your initial interest rate if you re fi. Good thing for Classic, their Corvette service techs are excellent and, Charlie Evens my sales go to is a no b/s person.
Thread Starter
Team Owner
Joined: Sep 2005
Posts: 29,113
Likes: 2,194
From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
I see that you may be mad at the dealer finance people for lying but what did Ally do that was not disclosed in the papers you signed? I recently bought a Dodge Dart where Chrysler Capital was offering a $500 rebate it you financed. I asked the finance person what the minimum amount to finance was and if there was a prepayment penalty. I then had him show me on the documents, before signing, that there was no prepayment penalty. Took 4 days for the loan to get into Chrysler's system, and then sent them a payoff check. Cost me $13.24 in interest to get $500. I am happy with that.
Pro
Joined: Oct 2014
Posts: 512
Likes: 25
From: Ashland KY
Back when they were still GMAC, they focused more on auto business, and they were pretty good. Today, they have multiple lines of business and the auto finance has taken a back seat. 0% dealer financing is the only time to deal with them, today.
Thread Starter
Team Owner
Joined: Sep 2005
Posts: 29,113
Likes: 2,194
From: Big Bend Country, TX
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
