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So tell me, XO: what website to shop for a car loan?
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Date: April 19th, 2018 4:07 PM Author: boyish philosopher-king 800+ credit score (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876186) |
Date: April 19th, 2018 4:08 PM Author: Green Telephone Sneaky Criminal Eh just do penfed or some credit union you like (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876194) |
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Date: April 19th, 2018 4:09 PM Author: boyish philosopher-king I'm not a member of any credit union (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876202) |
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Date: April 19th, 2018 4:09 PM Author: Green Telephone Sneaky Criminal Penfed or Alliant cost like $5 to join. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876211) |
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Date: April 19th, 2018 4:09 PM Author: purple mediation New or used? With new cars I've never been able to get a better rate than what the Acceptance Corps offer. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876201) |
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Date: April 19th, 2018 4:09 PM Author: boyish philosopher-king New. What is an Acceptance Corps? (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876207) |
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Date: April 19th, 2018 4:14 PM Author: purple mediation The banks associated with each manufacturer, e.g., Toyota Financial, GM Financial, Nissan Motor Acceptance Corp. They usually offer below market rates to push sales of their parent company's models. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876239) |
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Date: April 19th, 2018 4:15 PM Author: boyish philosopher-king oh I've always heard them called "captive finance corporations"
How do I get a quote from them? Or do I have to get from a dealer? |
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Date: April 19th, 2018 4:17 PM Author: purple mediation What I do is negotiate price with my own financing, then at the end say I'll do dealer financing if they can beat my rate from the credit union. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876271) |
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Date: April 19th, 2018 4:14 PM Author: Adulterous Cruise Ship Mad-dog Skullcap Peace Corps but for Fat Acceptance (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876243) |
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Date: April 19th, 2018 4:18 PM Author: apoplectic depressive This is true when they are running a finance promotion.
When no such promotion is taking place, you can often get a better loan through non-affiliated banks. This is true even if some other promotion (e.g., cash back offer) is contingent upon using the captive finance company. Every dealer I have worked with would finance the car through the captive finance company, then refinance it with the institution offer the lowest rate. |
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Date: April 19th, 2018 4:19 PM Author: Federal Office even with used they will bend over backwards to sell good creditmos cars. i got 0 down, 0 interest from toyota on a used car. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876284) |
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Date: April 19th, 2018 4:20 PM Author: boyish philosopher-king just like, from the dealer? did you walk into the dealership with anything else lined up? (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876289) |
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Date: April 19th, 2018 4:21 PM Author: apoplectic depressive This (i.e., lucrative financing from the manufacturer) is especially prevalent with "certified" used cars. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876294) |
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Date: April 20th, 2018 4:08 PM Author: Federal Office i walked into the dealership, negotiated for the used car i wanted, pulled out my checkbook to buy it outright, and the dealer said "they're offering you 0 down/0 interest for three years, you want that instead?"
i also had quotes from other lenders at 1-1.5% for 5 years, but didn't even bother bringing them up. |
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Date: April 19th, 2018 4:13 PM Author: Deep Trailer Park PROLE TELL (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876237) |
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Date: April 19th, 2018 4:14 PM Author: Green Telephone Sneaky Criminal (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876240) |
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Date: April 19th, 2018 4:14 PM Author: Adulterous Cruise Ship Mad-dog Skullcap (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876246) |
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Date: April 19th, 2018 4:15 PM Author: Talented Misunderstood Ticket Booth (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876256) |
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Date: April 19th, 2018 4:16 PM Author: boyish philosopher-king My goal is to be a cash buyer from the dealer's perspective, i.e. have financing lined up before I walk into the dealership so the dealer doesn't waste my time or try to obfuscate anything by discussing financing terms. With the dealer I want to negotiate sales price alone. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876265) |
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Date: April 19th, 2018 4:16 PM Author: Titillating stage credit union bro (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876261) |
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Date: April 19th, 2018 4:16 PM Author: boyish philosopher-king I've never interacted with a credit union. How does this even work? (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876268) |
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Date: April 19th, 2018 9:17 PM Author: Marvelous flesh selfie step-uncle's house it's basically just a smaller, friendly version of a bank
Usually, you need some affiliation with a certain group to join a credit union |
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Date: April 19th, 2018 4:22 PM Author: mint plaza LJL at debtcucks (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35876302) |
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Date: April 19th, 2018 9:18 PM Author: Marvelous flesh selfie step-uncle's house rates have gone up since I last bought. Pen Fed right now is advertising 2.49% - I got like 1.25% on my last car loan from them (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35877917) |
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Date: April 19th, 2018 9:39 PM Author: boyish philosopher-king can you basically assume that the rate Pen Fed is offering is the lowest? are they the low cost leader? (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35878031) |
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Date: April 20th, 2018 2:52 PM Author: Marvelous flesh selfie step-uncle's house they are pretty low, but I can't say there isn't any bank/cred union lower than them and you may be offered lower through a car makers finance company (e.g. honda finance). The thing is, when you get a great rate through the dealer, you're really just buying down the rate, but it's not like you can look to your dealer and say cut off another $500 and I'll pay you cash. It's fucked up - the dealership would prefer you finance than pay cash. (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35882748) |
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Date: April 20th, 2018 4:08 PM Author: boyish philosopher-king (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35883353) |
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Date: April 21st, 2018 5:10 PM Author: crystalline beady-eyed hissy fit Honda CRV = Credit Repair Vehicle? (http://www.autoadmit.com/thread.php?thread_id=3954069&forum_id=2#35889913) |