Lets talk interest rates
 

What kind of rates are some of you guys getting on buy a new 09 or used 08s?

I know some banks will extend new rates on used 08.

Just wanted to see what some of you are seeing before I call about a loan.

We dont need any brag "I pay cash" posts.

:bigears

I paid cash. :D:D



:lol:

You just new Raazor was going to jump on that one:rofl:

Truth is that most of the banks are finally starting to lend again. Credit unions,oddly enough, seem to be at the front of the pack with under 5% rates on new and like new cars (usually within 1 model year and under 20k miles) Hope that helps. :flag:

The time to buy a 2009 was when they had the 0% for 60 months

GM has 0% OAC for '09

I just checked....0% has been extended...I don't know for how long.

:D

0% is not always the way to go. it really depends on the buyers siuation. right now its 4000.00 off or 0% me i like the 4k off, you just have to do the math.

take a 3lt sticker of 60 k minus the discount the dealer will give usually right now 1000.00 off supplier. supplier price on a 60k vette is around 54k minus the extra 1000.00 is 53 minus the 4k is 49k. assuming you pay TTL you are financing the car for 60 months at 3.5%. if you can qualify for 0 you can get 3.5 at bank of america. payment is 891.40

taking the zero you are financing 53k payment is 883.33 difference of less than 10 bucks a amonth but it is a HUGE differnece if you trade in your payoff is 4k lower sure helps on the trade in value.

3.9% for 60 months, but that was about a month before GM announced the 0% :rofl:

If you amortize both loan options you will see that the loan payoff is not that great. After 12 months the difference will be around $2,500 and dropping to around $1,400 after 24 months and $600 at 36 months in favor of taking the $4k. As the loan rate goes up the difference will decrease as well. Remember that with 0% all the payment goes to the principal and not to interest charges. Check it out with a loan amortization calculator online.

:withstupid:

I dont want to spend the money for a new 09. I would rather buy a used 08 and save a ton.

You can get used 08s in the lower 30s now. There arent too many but some are out there.

:iagree: Good call.

Interest rates
 

0% is still on for 60 months.

http://www.edmunds.com/new/2009/chev...ncentives.html

Go here for an easy basic calculator that will compute whether it's worth it to do the 0% or take the $4000.

http://www.edmunds.com/apps/calc/Cal...sh.tab_link..*

Were do you find a deal like that:bigears

Month ago I got 3.89% thru GMAC, 48 months on a new 09 Z-51 vert.

New 2009
 

Just traded - (Last Tuesday) my Silver 2007 A6 with F55 option in on a Black 2009 M6 with Z51. Cashmere and Black seats

0% for 60 months

I will be submitting pictures next week....

4.9% for 72 mo's lower for 60 'smo at credit union in Atlanta ga.Fidelity Federal Credit union
z51vett

Apr
 

No need to pay cash with 0%...

0% for 60 on a 09 Z06

Buying new and breaking in your vette is pretty :cool:

Good luck w/ getting an '08 in the low 30K's :crazy:

Thats what my thought was before i picked up mine. I was looking at an 08 11k miles for 34. Loan rates on used were about 7%. I decided to buy new at 0% because the amount being paid back if i took the loan to term was only about 4 grand.