02-28-2009, 05:31 PM | #1 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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Toronto Area and Intrest Rates
So I went yesterday to local dealer and i wanted to order one. It came to 44,970 2SS 1ET37. but i was told the interest rate its 9.6. What Interest did u guys get quoted at? Is there a dealer that gives a better rate?let me know!
Also said that if i order now i would get the car in April. PS which engine is better LS3 or LS99? |
02-28-2009, 05:55 PM | #2 |
Drives: 2004 Malibu Join Date: Jan 2009
Location: New York
Posts: 362
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Interest rates seem to be lower in U.S. GMAC is about 7%. Credit unions can be cheaper by about 2.5% depending on each credit union and your credit score. The engines are the same. The LS3 is in the manual shift and the LS99 is with the automatic.
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02-28-2009, 06:02 PM | #3 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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i figured that was the deal about the engines. but interest is simply bad. GM Canada doesn't use GMAC or something, so they use Canadian banks ohh man this is going to hurt....
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02-28-2009, 06:14 PM | #4 |
Drives: 2004 Malibu Join Date: Jan 2009
Location: New York
Posts: 362
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What about a credit union? Any other options at all?
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03-01-2009, 11:06 AM | #5 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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ahhh im not aware of any of those around. im sure there has to be.... ohh well ill probably have to wait a litle...
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03-01-2009, 12:39 PM | #6 |
INJACC
Drives: 2010 CGM 2LT/RS AUTO Join Date: Jan 2009
Location: Montreal (South Shore)Quebec, Canada
Posts: 6,518
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03-01-2009, 12:47 PM | #7 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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yeah i know my dad bought one in 2007.... but its as of august/september of last year that they have canceled it......at 9.6 with like 5k down and 60months lookin at 850-900/month.. so much for my south america vacation....
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03-01-2009, 01:01 PM | #8 |
:chevy:
Drives: 2LT/RS Join Date: Jun 2008
Location: Toronto
Posts: 13,033
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i was told 5.9, i suree hope its not any higher then that or i am screwed
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03-01-2009, 01:10 PM | #9 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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tj, dude... after u get ur's can you let me know which dealership it is...
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03-01-2009, 01:50 PM | #10 |
:chevy:
Drives: 2LT/RS Join Date: Jun 2008
Location: Toronto
Posts: 13,033
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No problem bud, ill go and confirm with my salesman again, i have made him confirm this twice already, but again because the interest rates above have made me feel worried. Let me know when you want to buy, ill definitly let you know everything, if your interested now, i will check and see if they have any free allocation, plus if i refer you, i think i might get some bonus
Just let me know when you would want more info bro |
03-01-2009, 02:11 PM | #11 | |
2G1FJ1EJ9A9110138
Drives: 2010 Camaro Join Date: Jan 2009
Location: Calgary, Alberta
Posts: 245
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Quote:
The interest rate that my dealer is offering through a local bank is 6.9%...holy crap |
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03-01-2009, 02:38 PM | #12 |
Drives: RENTALS/owned a Mustang gt Join Date: Dec 2006
Location: Toronto
Posts: 12
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hmm i guess i should just go to a different dealer....
I'm guessing this guy don't know what he was talking about than!!!! |
03-01-2009, 03:20 PM | #13 | |
VIN #2G1FT1EW6A9100074
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Quote:
I can't believe all the "I may have to downgrade..." comments already and I fear it's only going to get worse. I don't know why anyone would have 0% financing running through their head; it just isn't going to happen. 6.9%... holy crap<- that's about right- maybe just a little high. Those who have access to credit unions are seeing rates as low as 4.25% but those are few and far between. IMO, anyone who is currently looking to "run some numbers" better be looking at 5.9% to be safe. Nothing against Kray; I just think you got the dose of reality that most people are refusing to see for some reason.
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03-01-2009, 05:40 PM | #14 | |
2G1FJ1EJ9A9110138
Drives: 2010 Camaro Join Date: Jan 2009
Location: Calgary, Alberta
Posts: 245
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Quote:
The question at the beginning of the thread was asking what kind of interest anyone else was quoted. I was just mentioning what I was quoted by my dealer, I won't be going through my dealer for financing. I am able to get 3% through my bank...so that's the way I will be going. |
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