Financing deals
03-11-2018, 04:11 PM
#1
Financing deals
Hi all,
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
03-11-2018, 04:15 PM
#2
Race Director
Pro Mechanic
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Credit Union will be your best option compared to most banks................ rates do vary based on loan longevity too............
03-11-2018, 04:45 PM
#3
03-11-2018, 04:52 PM
#5
Melting Slicks
Agreed that credit unions are best. I got my Z06 through mine last year with a 2.25% rate (800+ credit score). Most other banks were well over 6%. .
Last edited by Frankie15; 03-11-2018 at 04:53 PM.
03-11-2018, 06:07 PM
#6
Borrow it from your 401k and pay yourself the interest.
03-11-2018, 06:12 PM
#7
Le Mans Master
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^ You're joking I hope.
03-11-2018, 06:15 PM
#8
Race Director
Hi all,
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
03-11-2018, 06:15 PM
#9
03-11-2018, 06:19 PM
#10
03-11-2018, 06:27 PM
#11
03-11-2018, 06:46 PM
#14
Race Director
For a 13 GS Convertible, the price is about right depending on mileage. For a 10 not as good.
Rates are getting higher everywhere. I wouldn't take it out of the 401K as suggested because most 401k plans should earn 10-20% depending on level of risk, 3% financing is nothing in comparison.
Rates are getting higher everywhere. I wouldn't take it out of the 401K as suggested because most 401k plans should earn 10-20% depending on level of risk, 3% financing is nothing in comparison.
03-11-2018, 07:05 PM
#15
Melting Slicks
It's actually pretty smart if the interest for your loan is going to be insane or you want a longer term than is typical like 72 mos.. With my company its 4% and you actually pay that 4% back to yourself over the term of the loan instead of paying a bank that money. With 72 months you could be paying some serious interest at 6%+.
OP, a credit union is your best bet if 401 isn't an option. They tend to give customers longer than typical loans and not so frightening interest rates depending on credit.
OP, a credit union is your best bet if 401 isn't an option. They tend to give customers longer than typical loans and not so frightening interest rates depending on credit.
03-11-2018, 07:05 PM
#16
For a 13 GS Convertible, the price is about right depending on mileage. For a 10 not as good.
Rates are getting higher everywhere. I wouldn't take it out of the 401K as suggested because most 401k plans should earn 10-20% depending on level of risk, 3% financing is nothing in comparison.
Rates are getting higher everywhere. I wouldn't take it out of the 401K as suggested because most 401k plans should earn 10-20% depending on level of risk, 3% financing is nothing in comparison.
03-11-2018, 07:10 PM
#17
Race Director
03-12-2018, 07:19 PM
#18
Racer
Hi all,
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
Been looking at 2010-2013 GS convertibles. Average prices around $38k-$40k.
Not interested in laying out the cash. Probably put down around $10k and finance the rest. (near perfect credit.)
Question: Any leads on really good financing deals? Best I'm seeing is 3.25% for 72mnths. (local credit union) Looking for min. 72mnths.
Thanks!
03-12-2018, 07:21 PM
#19
Racer
03-12-2018, 07:23 PM
#20
Racer