Financing?
Thread Starter
Instructor
Joined: Oct 2004
Posts: 207
Likes: 0
From: Houston TX
Financing?
Curious how many of you are going through GM for your financing versus outside banks?
My invoice is coming soon and i wanted to know if any of you have already finished up the payment process and what rates your seeing?
im considering 60 mos or 72 mos for now... rates are so low out there, why not stretch it out?
thanks for the feedback in advance!
My invoice is coming soon and i wanted to know if any of you have already finished up the payment process and what rates your seeing?
im considering 60 mos or 72 mos for now... rates are so low out there, why not stretch it out?
thanks for the feedback in advance!
Race Director
Joined: Sep 2013
Posts: 11,825
Likes: 2,479
From: Ft Lauderdale
Tech Contributor
GM financing is only good when they are buying part of the rate (buying it down) ..they are not...see your local credit union for rates above 5 years at about 2.5 or so...
Drifting
Joined: Apr 2007
Posts: 1,695
Likes: 2
From: Toronto, ON
St. Jude Donor '12
Le Mans Master
Joined: Jul 2009
Posts: 9,526
Likes: 12
From: Los Angeles California
Don't know anymore. I had about 15K saved up but had to bail someone out of a tough spot... Down to $10K. By the time my car comes, I'm hopefully back to $15K. I was hoping to be at $20K by the time the car arrived.
Pro
Joined: Jul 2013
Posts: 638
Likes: 0
From: Phoenix AZ
Lol... Sounds real friggin familiar crash. That's funny... I'm still at 3000 (probably due to CF roof) and I'm not complaining too much really because its giving me a little more time to recoup. I'm shooting for $20k too.
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Advanced
Joined: Apr 2006
Posts: 98
Likes: 15
From: Woodland Park CO
Yeah, where are these rates published at?
My CU is 2.25%/60 and 3%/72. I think they just jumped.
EDIT:
I see 1.9% for NEW at Navy Federal Credit Union:
https://www.navyfederal.org/products...auto-rates.php
My CU is 2.25%/60 and 3%/72. I think they just jumped.
EDIT:
I see 1.9% for NEW at Navy Federal Credit Union:
https://www.navyfederal.org/products...auto-rates.php
Last edited by PokerMunkee; Sep 23, 2013 at 11:03 PM.
Burning Brakes
Joined: Dec 2007
Posts: 987
Likes: 14
From: Wellington FL
My CU is quoting 1.3% for 36 mos., 850 Equifax/Beacon, putting 50k down (saving some coin for mods). 60 mos. was I believe 1.7x%.
It's amazing that a few short years ago they were doing 7% and more for CDs and now a big poster proclaims .9% as a huge incentive.
It's amazing that a few short years ago they were doing 7% and more for CDs and now a big poster proclaims .9% as a huge incentive.
Le Mans Master
Joined: Jul 2009
Posts: 9,526
Likes: 12
From: Los Angeles California
I doubt they're going to pay me back before my car comes in... It's really disappointing.
Le Mans Master
Joined: Jul 2009
Posts: 9,526
Likes: 12
From: Los Angeles California
Burning Brakes
Joined: Aug 2004
Posts: 802
Likes: 1