I am usually one to pay cash for toys but this will be a big expense. What if anything is GM doing for the 2015 Z06? Not sure if I want to finance a portion if so would I be better off going to my credit union. Thanks

 

When rates are low you should always finance, it's cheaper than paying cash.

 

how much do you make on your investments? how much does the dollar increase in value over the next 4-6 years? compare that with your best interest rate, through the dealer or a bank/cu of your choice and make your decision.

 

GM is producing the car... that's all they do.

 

uh.....no.

 

I would agree with that if it's 0%. But you won't see that.

Otherwise cash obviously saves more in the long run. Hell you save more in interest a month paying cash than any bank account or CD will yield in interest per month.

 

Are you saying GM directly finances it too?

 

not anymore after all the bankruptcy issues, gm financial has spun off into Ally.

manufacturers make lots of money on the finance side. they also do a lot more than "produce the car, that's all they do."

I am saying that's a ridiculous statement.

 

^ So what else is GM going to do to help people buy a Z06?

 

What's the price ??

 

You have heard of the stock market? I rather have a 5% car loan than take money out the market where I am making around 15% or more.

 

Remember rates depend on many variables, with one being your credit score. If your A paper (credit score 720 or higher) I have two banks in DFW (Dallas area) that are 75 months just under 2% borrowing up to 100k. Another problem: Most cars wont hit the ground until early 2015. So who the hell knows if the FEDS increase rates by 1st Q of 2015..

 

Id love to know the name of the banks that offer 2%. Would you mind sharing?

 

Me too.

 

My credit union (navy Federal) has 1.79% for up to 60 months & 1.99 for up to 72 months !

 

I'm a member of NavyFed. Il look at the rates today. Thank you.

LT USN

 

Never really had any interest in the market. But hey you show me where I can make a guaranteed 15%+ on my money and I'm in. Hell I will cut you in on it. I was just talking about banking rates these days.

I use Lockheed Credit Union and they are at 2.45% on 75 months.

 

Hey, your local dealer will gladly find you financing and make sure they stick it to ya for their cut. I don't see any breaks on this car such as 0% or cash back offers. If you are making 5-7% on your investments and you can find a lower % for financing then do it. You will make out however if the reverse is true then don't be a fool and bite the bullet and pay. From Captain Obvious

 

I don't understand how this question relates to your previous statement "GM only produces the vehicle, nothing more."

Are you under the impression that a manufacturer "helps" customers buy their cars? It's all marketing. Special rates (GM uses Ally), incentives, rebates, salesperson spiffs, etc are not there to help the customer buy (afford?) their cars. They exist to convince the customer to buy their car instead of a different brand (or instead of taking a vacation, having children, buying video games, drinking, smoking, strip clubs, bigger house, or anything else a person can spend money on).

As to what else besides producing a vehicle does a manufacturer do......let's see (major summary):

Market research - they must first find out what the market will support, what the people want to buy. They want/need to know why they want to buy it, what purpose it will serve, how many they should make and it what colors, with what engines, etc. This is really an infinite and ever dynamic activity. Every day the world changes, people change, and if you want to make and sell a product, you want to know what's going to happen.

Product adjustment - they must of course make the product, price the product, change the product, package it, etc.

Distribution - they must get the right product to the right place at the right time.

Promotion - advertisements, where and how, car shows, etc. they must incentivize sales people (in addition to potential dealer incentives), incentivize customers, etc.

Retailing - the manufacturer must sell the product. the car industry currently uses franchises to do this for the most part, but the manufacturer determines where to put dealerships (location, location, location - this is a lot of work and a big decision made by the factory, not your local businessman), they determine who can buy and run the stores, what the stores look like, etc. The dealer principle is in charge of the daily activities, nothing more, really....

Post Transaction Activites - surveys, warranty and goodwill, owner groups, etc

Strategic Planning - yep, like I said, they need to know the future.....what's next?

This is the shortest and least descriptive I could make it. But yes, the manufacturer does a LOT more than just "produce the car, nothing more."

 

I use penfed. My last loan through them was 1.5% for a used truck 60 months. I think their 72 month is 2.25.