APR question? Might be dumb. - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

ChevyBoiSS · 03-11-2009, 04:21 PM

Has anyone actually sat down with their dealer and mapped out Financing and such?? I would want to do this if I placed my order to know exactly what im getting myself into.

What are the APR's you are getting from GMAC or other lendors??

Most likely i will have my dad sign for the car, i will co-sign to get a better rate. Im 22 and about to graduate so I know Dad will get a better a APR than me, Im hoping for nothing north of 5%.

I want a 1SS/RS w/ Sunroof and Auto Trans.

Bringing me just shy of $37k after taxes and such. Im hoping to put down about 6k. Im also hoping for payment of about $450 a/mo ballpark over 6 yrs... lol

Sound do-able??

trm0002 · 03-11-2009, 04:26 PM

$31000 for 6 years at 6% is $513.76/month

$31000 for 6 years at 4% is $485.00/month

Take it from there.

ZombieEatsYou · 03-11-2009, 04:35 PM

If you have any military/government ties, pentagon federal credit union is at 4.75%.

ChevyBoiSS · 03-11-2009, 04:39 PM

yeah i need bigger down payment money.

Mr_Draco · 03-11-2009, 05:39 PM

Quote:

Originally Posted by ChevyBoiSS

yeah i need bigger down payment money.

You will need at least a total of $10k down to make $450 a month doable. That is not taking into account tax, tag and title which if you choose not to cover will add an extra $30-$40 a month.

SS 376 · 03-11-2009, 05:47 PM

Quote:

Originally Posted by ChevyBoiSS

yeah i need bigger down payment money.

If you learned to drive stick and ditched the sunroof, that's what, $1700 in savings right there. Driving stick is really easy and satisfying, and far from a hassle in traffic.

PQ · 03-11-2009, 05:53 PM

Sounds like without a bigger down payment you may need to think about the V6 to keep you're payment under 450.00 per month. Even dad may not be able to swing much lower than 5%.

And I doubt a dealer is going to do those type of things until they have a VIN to deal with. I could be wrong but don't let anyone do a 'Hard Credit Check' on you, especially at 22 because it will reflect negatively. Good luck.

eggydoo · 03-11-2009, 05:56 PM

26 here with 740 credit score. Have a home and another car under my name.
Best I got with GMAC was 7%

Might be best to go with a bank/credit union.

Rodrunner · 03-11-2009, 06:03 PM

Hey, ChevyBoiSS, I can't really give you better advice than what the other guys here have already given, but I have to ask, what does your sig mean, "OHH.. DID I MENTION 24" off THE GROUND?!" Surely you don't intend to jack your Camaro up like some kind of monster truck, do you?

mmarcum · 03-11-2009, 06:10 PM

I currently have a Capital One auto loan and have never had problems from them. Their Blank Check setup is pretty convenient to use. Their current APR for 60-month is 4.89%, and I plan to use them again if the dealership has nothing better.

TJ91 · 03-11-2009, 06:34 PM

Someone here directed me to cars.com, over there they have a finace option, where you put the price of the car with taxes in, your down pament, your interests rates you find, as well as the number of monthes. It will tell you your monthly costs as well as the total cost of the car with interest in. Really neat site, very helpful

gtjacket · 03-11-2009, 09:03 PM

Quote:

Originally Posted by ZombieEatsYou

If you have any military/government ties, pentagon federal credit union is at 4.75%.

Thanks Zombie for the info. I just got approved at this Credit Union at 3.99% 60 month term. I don't think that I can beat that

Banshee · 03-11-2009, 10:14 PM

Chase 4.74% with direct deposit and premier checking account.
Credit Union One 4.95%

DDustiNN · 03-11-2009, 10:55 PM

Quote:

Originally Posted by ZombieEatsYou

If you have any military/government ties, pentagon federal credit union is at 4.75%.

What/who exactly does this include? I work for the government (Dept. of Treasury)... does this mean I can use them? Thanks

03-11-2009, 04:21 PM	#1
ChevyBoiSS Drives: 2011 2SS/RS RJT Join Date: Oct 2008 Location: Chicago, IL Posts: 302	APR question? Might be dumb. Has anyone actually sat down with their dealer and mapped out Financing and such?? I would want to do this if I placed my order to know exactly what im getting myself into. What are the APR's you are getting from GMAC or other lendors?? Most likely i will have my dad sign for the car, i will co-sign to get a better rate. Im 22 and about to graduate so I know Dad will get a better a APR than me, Im hoping for nothing north of 5%. I want a 1SS/RS w/ Sunroof and Auto Trans. Bringing me just shy of $37k after taxes and such. Im hoping to put down about 6k. Im also hoping for payment of about $450 a/mo ballpark over 6 yrs... lol Sound do-able?? __________________ Thinking bout Victory Red 1SS/RS with Matte Black Custom Stripes. Automatic Transmission (L99) and apparently a $900 dollar whole in my roof. OHH.. DID I MENTION 24" off THE GROUND?!

03-11-2009, 04:26 PM	#2
trm0002 VIN #2G1FT1EW6A9100074 Drives: 2010 CAMARO 2SS/RS RJT VIN 00074 Join Date: Oct 2008 Location: Buffalo,NY 'burbs Posts: 4,216	$31000 for 6 years at 6% is $513.76/month $31000 for 6 years at 4% is $485.00/month Take it from there. __________________

03-11-2009, 04:35 PM	#3
ZombieEatsYou Drives: "Bmblbee" 2010 RY 2SS/RS. VIN 12043 Join Date: Oct 2008 Location: Waldorf, Maryland Posts: 1,271 View My Garage	If you have any military/government ties, pentagon federal credit union is at 4.75%. __________________

03-11-2009, 04:39 PM	#4
ChevyBoiSS Drives: 2011 2SS/RS RJT Join Date: Oct 2008 Location: Chicago, IL Posts: 302	yeah i need bigger down payment money. __________________ Thinking bout Victory Red 1SS/RS with Matte Black Custom Stripes. Automatic Transmission (L99) and apparently a $900 dollar whole in my roof. OHH.. DID I MENTION 24" off THE GROUND?!

03-11-2009, 05:53 PM	#7
PQ Booooosted. Drives: 2010 Supercharged SS Join Date: Apr 2008 Location: Mobile, AL Posts: 36,716 View My Garage	Sounds like without a bigger down payment you may need to think about the V6 to keep you're payment under 450.00 per month. Even dad may not be able to swing much lower than 5%. And I doubt a dealer is going to do those type of things until they have a VIN to deal with. I could be wrong but don't let anyone do a 'Hard Credit Check' on you, especially at 22 because it will reflect negatively. Good luck. __________________

03-11-2009, 05:56 PM	#8
eggydoo Drives: 2010 Camaro SS Join Date: Nov 2008 Location: Dallas, TX Posts: 629	26 here with 740 credit score. Have a home and another car under my name. Best I got with GMAC was 7% Might be best to go with a bank/credit union.

03-11-2009, 06:03 PM	#9
Rodrunner Senior Member Drives: 2010 SS/RS, '06 350Z Join Date: Oct 2008 Location: So. Maryland Posts: 2,333	Hey, ChevyBoiSS, I can't really give you better advice than what the other guys here have already given, but I have to ask, what does your sig mean, "OHH.. DID I MENTION 24" off THE GROUND?!" Surely you don't intend to jack your Camaro up like some kind of monster truck, do you? __________________ 2SS/RS - Black/Black - CGM Rally Stripes - Auto - VIN 10171

03-11-2009, 06:10 PM	#10
mmarcum Drives: 2010 Rally Yellow Camaro SS Join Date: Jan 2009 Location: East TN Posts: 292	I currently have a Capital One auto loan and have never had problems from them. Their Blank Check setup is pretty convenient to use. Their current APR for 60-month is 4.89%, and I plan to use them again if the dealership has nothing better.

03-11-2009, 06:34 PM	#11
TJ91 :chevy: Drives: 2LT/RS Join Date: Jun 2008 Location: Toronto Posts: 13,033	Someone here directed me to cars.com, over there they have a finace option, where you put the price of the car with taxes in, your down pament, your interests rates you find, as well as the number of monthes. It will tell you your monthly costs as well as the total cost of the car with interest in. Really neat site, very helpful

03-11-2009, 10:14 PM	#13
Banshee Institutionally Insane Drives: 2013 IOM 2SS/RS 1LE Join Date: Feb 2009 Location: Detroit MI Posts: 2,115 View My Garage	Chase 4.74% with direct deposit and premier checking account. Credit Union One 4.95% __________________ It's got a cop motor, a 440 cubic inch plant, it's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas. What do you say, is it the new Bluesmobile or what?

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