financing help...
Racer
Joined: Nov 2013
Posts: 320
Likes: 31
From: Cave Creek AZ
bought an 08 in May. Financed through USAA. 60 mos @ 2.75%. Zero down
bought a warranty from Ken Fichtner. I've used it a few times. It has almost paid for itself.
I suggest you do the same.
Credit score 740. I'm around your age, OP.
bought a warranty from Ken Fichtner. I've used it a few times. It has almost paid for itself.
I suggest you do the same.
Credit score 740. I'm around your age, OP.
Last edited by Cauhauna; Dec 6, 2015 at 04:19 PM.
Safety Car
Joined: Oct 2015
Posts: 4,128
Likes: 616
From: St Louis Area IL
I was going to go with USAA, but I got the same rate they offered with my local credit union. Also, you can't use USAA if you aren't a government employee, or current or past Military.
Melting Slicks
Joined: Aug 2002
Posts: 2,193
Likes: 195
From: New Caney Texas
Pentagon Federal Credit Union.
$5 to join, easy to work with, the finance all used vehicles for up to 60 months (2 years and newer to 72 months) and some of the best rates I could find:
https://www.penfed.org/
$5 to join, easy to work with, the finance all used vehicles for up to 60 months (2 years and newer to 72 months) and some of the best rates I could find:
https://www.penfed.org/
Last edited by RC4G; Dec 8, 2015 at 12:56 PM.
Drifting
Joined: Oct 2009
Posts: 1,537
Likes: 165
From: Lombard, IL (Chicago suburbs)
a few additional options
penfed - https://www.penfed.org/Auto-Loans-Overview/
The pentagon's credit union is known in and around used exotic markets for being a great place to finance cars like that. I believe they will finance anything if your credit is good enough
Another is light stream (loans for practically anything)
https://www.lightstream.com/ - the interest rate will be a touch higher but it's effectively a personal loan (when I say a otuch higher, I think it's like .25%) and you get to keep the title.
Your credit score is not the only thing to consider. Debt to income ratio, living situation (own/rent) time in job, etc. If you have been at the same job for a while, and own your home with an up to date mortgage and your debt to income ratio is at or below the golden number, any of these places will gladly give you money.
As for the 72 month financing option, i disagree with those that say it's a bad deal, Money is cheap right now, interest rates are so low that in most cases i think that financing is the smart financial decision.
Now the one thing to remember is that 6 years is a long time, and a lot can change in that time. So I will add a word of caution. I recommend that you take a realistic look at your financial situation. You can't plan for every contingency, but if you know you have a life changing event in the near future that would compromise your ability to make the payment, than perhaps financing isn't for you.
penfed - https://www.penfed.org/Auto-Loans-Overview/
The pentagon's credit union is known in and around used exotic markets for being a great place to finance cars like that. I believe they will finance anything if your credit is good enough
Another is light stream (loans for practically anything)
https://www.lightstream.com/ - the interest rate will be a touch higher but it's effectively a personal loan (when I say a otuch higher, I think it's like .25%) and you get to keep the title.
Your credit score is not the only thing to consider. Debt to income ratio, living situation (own/rent) time in job, etc. If you have been at the same job for a while, and own your home with an up to date mortgage and your debt to income ratio is at or below the golden number, any of these places will gladly give you money.
As for the 72 month financing option, i disagree with those that say it's a bad deal, Money is cheap right now, interest rates are so low that in most cases i think that financing is the smart financial decision.
Now the one thing to remember is that 6 years is a long time, and a lot can change in that time. So I will add a word of caution. I recommend that you take a realistic look at your financial situation. You can't plan for every contingency, but if you know you have a life changing event in the near future that would compromise your ability to make the payment, than perhaps financing isn't for you.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
2027 Corvette vs The World: Every C8 vs Its Closest Competitor
Joe Kucinski
10 Most Common Corvette Problems of the Last 20 Years!
Joe Kucinski
