What is the fine print on Kerbeck 2.14%?
#2
I recently purchased a vehicle from a forum dealer that is very well known. He was spectacular however, his finance guy was a total tool. I asked him if he had a rate similar to Kerbeck’s special 2.14% and he totally trashed them and said that it’s not valid on two door cars and they buy the rate down blah blah blah. I know he was BS’n me because I bought from Kerbeck two years ago when they had a 1.9% offer with PNC bank and it was 100% legit with no strings and of course it’s valid on two door vehicles. Idiot. I don’t care how they get the rate with the bank, if they buy it down or not, as long as I get the rate without any fees to me, then I am a satisfied buyer which I was. I told the finance guy that I don’t appreciate him trashing a competitor for no reason, I was pretty PO’d about that approach. I would have killed the deal if it wasn’t a custom order. I’ll never buy from that dealer again because of his finance guy’s tactics.
Last edited by zergi06; 06-17-2018 at 08:42 PM.
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karmatourer (06-21-2018)
#3
No strings - no fine print. Pretty basic loan actually. Just a 2.14% rate when everyone else is 3% or so. I went thru them and am happy. The only thing I had to do was make sure they added gap coverage, which wasn’t included unless requested.
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SteveMcGuire (06-18-2018)
#5
Advanced
No fine print, it's a straight conventional loan at the rate quoted (OAC). I got the 1.99% deal, six years last year. 2.14% is still a good deal. Why not take it?
#6
Team Owner
#7
Gap - because values drop faster than your loan. Basic math and a good idea for coverage.
#8
#9
#10
Melting Slicks
I agree they depreciate very fast. That said, when your note is 43% of the MSRP GAP does nothing for you.
#11
Melting Slicks
I don't know of any dealer that spells it out clearer than this...right down to the Fico score model used as well as the exact credit bureau used.
#12
Le Mans Master
3 yrs ago I bought my car from Kerbeck-asked them what the rate was on the phone and when I got the car, did the financing with them-no strings attached and the rate was great then something around 2.19 for the 29K I financed for 5 yrs.
#13
Platinum Supporting Dealership
Hi guys!
So here's the list of requirements:
Experian 09 (Auto) FICO score of 725 or higher
Tier One Approval from Bank
Must finance a minimum of $40,000
Must finance for 60 or 72 months
This program also has no prepayment penalties, nothing signing fees or fees at the end. Pretty standard finance contract other than the great rate!
Dave
So here's the list of requirements:
Experian 09 (Auto) FICO score of 725 or higher
Tier One Approval from Bank
Must finance a minimum of $40,000
Must finance for 60 or 72 months
This program also has no prepayment penalties, nothing signing fees or fees at the end. Pretty standard finance contract other than the great rate!
Dave
__________________
Dave Salvatore
General Sales Manager
Ciocca Corvette - Atlantic City, NJ
America's Corvette Dealership
email - dsalvatore@cioccadealerships.com
Showroom - 609-344-2100. Ext 1022
Text - 856-535-0407
Follow Ciocca Corvette on Instagram!
Dave Salvatore
General Sales Manager
Ciocca Corvette - Atlantic City, NJ
America's Corvette Dealership
email - dsalvatore@cioccadealerships.com
Showroom - 609-344-2100. Ext 1022
Text - 856-535-0407
Follow Ciocca Corvette on Instagram!
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#14
Melting Slicks
Member Since: Mar 2006
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All things considered, I don't think there's a much better offer from any other dealer out there. Maybe a CU but this seems pretty good.
Last edited by Crossed Flags Fan; 06-18-2018 at 05:41 PM.
#15
CU with 750 was 3.49 for a good long term ("good" is relative I know). So while that was the lowest I saw - this is massive. Of course - my 3.49 was on a 2014 in 2018.
#16
Safety Car
having had some sales experience.....
I recently purchased a vehicle from a forum dealer that is very well known. He was spectacular however, his finance guy was a total tool. I asked him if he had a rate similar to Kerbeck’s special 2.14% and he totally trashed them and said that it’s not valid on two door cars and they buy the rate down blah blah blah. I know he was BS’n me because I bought from Kerbeck two years ago when they had a 1.9% offer with PNC bank and it was 100% legit with no strings and of course it’s valid on two door vehicles. Idiot. I don’t care how they get the rate with the bank, if they buy it down or not, as long as I get the rate without any fees to me, then I am a satisfied buyer which I was. I told the finance guy that I don’t appreciate him trashing a competitor for no reason, I was pretty PO’d about that approach. I would have killed the deal if it wasn’t a custom order. I’ll never buy from that dealer again because of his finance guy’s tactics.
#18
I’ve spent over 20 years in the profession and never make negative comments about my competitors. I told him to his face that I don’t like people who disparage their competitors. Having dealt with Kerbeck I knew their rate was great with no strings provided you qualify which isn’t very difficult. It’s not like it was only reserved for people with unrealistic credit scores or only reserved for purple cars. If my purchase was a car off the lot I would have walked right there but it was a factory order and that wouldn’t have been right to do to the dealership over the actions of one moron.
#19
#20
Hi guys!
So here's the list of requirements:
Experian 09 (Auto) FICO score of 725 or higher
Tier One Approval from Bank
Must finance a minimum of $40,000
Must finance for 60 or 72 months
This program also has no prepayment penalties, nothing signing fees or fees at the end. Pretty standard finance contract other than the great rate!
Dave
So here's the list of requirements:
Experian 09 (Auto) FICO score of 725 or higher
Tier One Approval from Bank
Must finance a minimum of $40,000
Must finance for 60 or 72 months
This program also has no prepayment penalties, nothing signing fees or fees at the end. Pretty standard finance contract other than the great rate!
Dave