FLC6

Anyone finance though GMAC?

They quoted me a rate of 4.99 for 72 months.

Do you think I can do better through them or is that a good rate. I have a very high beacon score.

Does GMAC have any hidden fee's or anything I should watch out for?

Vespa-Vette

Credit union is quoting 4.75% for 72 months. So, the rate is in-line with the market.

FLC6

Do you think I should ask GMAC to match that?

Do you think they will?

33ZZ4

Some Dealers Mark Up The Rate 1 Or 2 Points

Corvette SSX

Yes and Yes. It's as much up to the finance manager as to what rate they "give" you as it is GMAC. The higher the rate, the more the stealership makes so they always quote a higher rate than you can get on your own. Do the leg work to get your best rate on your own and I guarantee they will match it.

Vespa-Vette

Check a local credit union's web site for auto rates. Then talk to your F&I guy at the dealer and tell him you can get X% at the local credit union (tell him the name of the credit union) and see if he/she can match the rate.

Vette_DD

My credit union usually has one of the better rates. They're still at 3.90%, but they don't have any branches outside TN that I know of. That's where I got mine financed.

FLC6

3.99 for 72 months though?

Vette_DD

Sorry, my typo. 3.90% up to 72 months for $20K & over. 3.90% for max. of 66 months under $20K. Actual rate 3.90% to 10.3% depending on your credit score and only on new cars.

Used cars, 4.9% to 11.3%, up to 66 months.

Patman77

I just purchased and got 3.9 for 60 months. Do you need to go 72....thats always a little risky for an auto loan.

Pat

Jstig

WOW!! I want that rate of 3.90 for 72 months! Where can I apply to get it?

C64BC

I agree! If you don't mind the extra hit on your credit report, call your favorite bank and get another offer. A dealer does get kick back from certain one. When i get a rate i don't like i tell them i'll get my own financing...then they always come back with....Oh let me try another bank, and then come back more competitive. I got 4% on a new vehicle loan in sept...so you might want to try at least one more bank/finance co. IMHO.

Lazerwolfe

That 72 month rate would be great for me. I don't mind the extra financing hit if it lowers the monthly payment.

ssmed

3.90% 84 months....

paystyle

I just saw a TV ad where they said GM would offer 0% (I forgot for how long) for any '05 with delivery taken by Nov 30. It also mentioned that as part of the deal your next purchase of a GM vehicle would also be at 0% (again, I forget for how long). I'm not so sure of the effectiveness of their campaign if they're limiting delivery to the end of this month, but hey, I thought I'd pass along the info.

mhzvr6

Heres the web site URL.... just navigate around some and you'll see the section (Current Rates) that has the info about loan rates.

http://www.aedcfcu.org/site/frame_set/home.html

Vette_DD

Ad says length of contract limited. Both contracts must be the same length.

SmyrknMyrkn

My dealer said you can use the GMAC "Lock n Roll" program to get the 0% finance for 36 months. The catch is you can't do the vette on the first purchase, but the certificate can be used on the vette for the second deal. I have read the controversy on this at several forum sites but my dealer assures me that this can be done. (I'll get it in writing however)... SmyrknMyrkn

pfayjr3

yes you can lock in your next rate but it wont last long

MikeySoft

Found a great Lemans Blue with the options I like. Got approved with GMAC however I'm going to try to bargan down that 5.9% Rate. I have a Silver C5 2003 coupe that I'm trading. The deal was " OK ", nothing to write home about, but do-able.

As a Past 3 Time GMAC Customer I'm hoping to get them to come down.

Let you know how it turns out, but would welcome any suggestions you guys might have.

Thanks!