Advice from the pros needed
#21
Le Mans Master
That is total bill$hit,if a dealer is buying from another dealer it's usually at wholesale price. This is a tactic to get you to buy quick at asking price. I would drive and see/buy in person if at all possible. Good luck
#22
Race Director
Member Since: Mar 2010
Location: T-Town WA
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2016 C6 of Year Finalist
It has Bridgestone Potenza Poles...quite an improvement from the Goodyears.
#23
Le Mans Master
That's a good decision, why be broke just to put on "mods". 5K knocks a good year off payments in most cases.
#26
Race Director
The price is right - they have no reason to budge on it. It's a damn good deal as it is. I'd ****** it up before someone else does.
#27
#29
Burning Brakes
That score should get you a very decent competitive rate. You can always check current rates for used cars online to ensure you are getting the best rate possible based on your score. Lenders will look at everything in your credit history to see if they can tag an additional quarter or half a point to the APR, more money for them, plus you bring cash for down payment. As long as you know the numbers and understand them, stick firm to the total prive you want to pay.
#30
Essentially the lowest rate available for borrowers with the least risk.
On a side note. People with good credit help those with lower scores. The dealership will tell the bank, if you want this good loan, you need to help out and take one of the riskier loans. It's quite a game when they bundle loans like that.
On a side note. People with good credit help those with lower scores. The dealership will tell the bank, if you want this good loan, you need to help out and take one of the riskier loans. It's quite a game when they bundle loans like that.
#31
Instructor
Thread Starter
well sorta heard from the bank today, all I got today was told that I was getting the preferred rate at 3.1%. Have to call tomorrow for the loan amount
#32
Racer
Don't know what bank your dealing with but a credit score that you have a 3.1% is way to high, my parents just bought a GS as well and got 1.4% rate from credit union.
Plus that car is no longer listed, did you secure it?
Plus that car is no longer listed, did you secure it?
#34
The rate is based on risk. Even with a good score, the bank may want to see a certain amount of disposable income to lower the rate. Other things that can cause rates to creep up on a high score would be too many revolving accounts, extending the loan beyond 60 months or years on the job. 3.1 is truly better than what most people end up with but a credit union should do better than us bank.
#35
Instructor
Thread Starter
http://www.cars.com/go/search/detail...nal&listType=1
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)
#36
Burning Brakes
rates vary for new or used car. if your parents bought new, that could be the case, if they bought used, they for a great rate.
#37
Racer
#38
Racer
#39
Race Director<br><img src="/forums/images/ranks/7k-10k.gif" border="0">
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St. Jude Donor '13-'14-'15-'16-'17-'18-'19-'20-'21-'22-'23-'24
http://www.cars.com/go/search/detail...nal&listType=1
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)
#40
http://www.cars.com/go/search/detail...nal&listType=1
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)
another possible option and closer to home. im doing it on 72 months with 1 car loan already( long story)