Current interest rates - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

DangerZL1 · 04-04-2012, 01:20 PM

I've seen some people post that they got awsome rates on financing the ZL1. My Credit associations rate at 60 months is 2.9%, which I can live with, but would like to do better. Who might offer a better rate for someone with excellent credit and approx $10k down? I don't want the car to come into the dealership and not have explored my options.

Jeff_SS · 04-04-2012, 01:37 PM

I'd wait and put more down if you want a better interest rate and better monthly payment.
10 down on a 60k car isn't very much...

Kenmecca · 04-04-2012, 02:26 PM

https://www.penfed.org/ 2.5%

you dont need to be a federal employee, you can sign up of an auxillary association and get in. Havent used them yet, but I have signed up for an account. Will use that rate as negotiation power when I buy later this mo.

afirehawk1 · 04-04-2012, 03:10 PM

1.74% GTEFCU

Dan2510 · 04-04-2012, 03:24 PM

I dont think down payment has as much to do as credit worthiness in regards to best APR. 10K on a 60K car is a nice chunck.

DangerZL1 · 04-04-2012, 09:47 PM

Thanks for the options. I know better than to go into the finance office not knowing what the market rates are. I don't want to give the dealer another opportunity to make money off me. Someone said they got 2.29% from GMAC. Id be happy if I could get that low.

fiascoes1 · 04-04-2012, 10:09 PM

Quote:

Originally Posted by DangerouSS

Thanks for the options. I know better than to go into the finance office not knowing what the market rates are. I don't want to give the dealer another opportunity to make money off me. Someone said they got 2.29% from GMAC. Id be happy if I could get that low.

yup that was me! everyone should say the bank is offering you a better rate and let them try and compete with it

although i beleive it is now ally instead of gmac.

04-04-2012, 01:20 PM	#1
DangerZL1 Drives: 2023 Black ZL1 Auto Join Date: Oct 2009 Location: FEMA Region 4 Posts: 2,935	Current interest rates I've seen some people post that they got awsome rates on financing the ZL1. My Credit associations rate at 60 months is 2.9%, which I can live with, but would like to do better. Who might offer a better rate for someone with excellent credit and approx $10k down? I don't want the car to come into the dealership and not have explored my options.

04-04-2012, 01:37 PM	#2
Jeff_SS "Cam Only" Drives: 2013 Camaro SS Join Date: Nov 2011 Location: Scottsdale, AZ Posts: 1,709 View My Garage	I'd wait and put more down if you want a better interest rate and better monthly payment. 10 down on a 60k car isn't very much... __________________ 2013 AGM Camaro 2SS/RS M6 \| LSA Blower, 2.5" pulley, 10% lower, FIC1000's, Fore Innovations Twin Pump fuel system w/ Flex Fuel, CMS Custom Grind Cam, Kooks 1 7/8" headers w/ catless off-road pipes, NPP Exhaust, 3.91's, JLT ZL1 Intake, Prospeed Heat Exchanger \| Pfadt Suspension, 1LE Sway Bars \| DSS 1000hp axles \| Tuned by Ryne @ CMS E85: 734rwhp/636rwtq (mustang dyno)

04-04-2012, 03:10 PM	#4
afirehawk1 Drives: 1969 Camaro SS, 2007 Z51 Corvette Join Date: Aug 2011 Location: Valrico, Florida Posts: 207	1.74% GTEFCU __________________ Current Event Status 04/14/2012 (6000) VIN # 2G1FJ1EP7C9800266 Rally Yellow ZL1, auto, SSX wheels, standard black hood insert

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04-04-2012, 02:26 PM	#3
Kenmecca Mecca SS Drives: 2012 2SS/RS IBM M6/ '05 Hemi Magnum Join Date: Jan 2012 Location: Bay Area - in the 925 Posts: 137	https://www.penfed.org/ 2.5% you dont need to be a federal employee, you can sign up of an auxillary association and get in. Havent used them yet, but I have signed up for an account. Will use that rate as negotiation power when I buy later this mo.

04-04-2012, 03:24 PM	#5
Dan2510 Drives: 2012 LS3 2SS/RS IBM Join Date: Mar 2009 Location: Chicago Posts: 143	I dont think down payment has as much to do as credit worthiness in regards to best APR. 10K on a 60K car is a nice chunck.

04-04-2012, 09:47 PM	#6
DangerZL1 Drives: 2023 Black ZL1 Auto Join Date: Oct 2009 Location: FEMA Region 4 Posts: 2,935	Thanks for the options. I know better than to go into the finance office not knowing what the market rates are. I don't want to give the dealer another opportunity to make money off me. Someone said they got 2.29% from GMAC. Id be happy if I could get that low.