Dealership Financing? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Mazdaboi318 · 12-16-2009, 08:48 AM

Does anyone do this anymore?

SilverIce1 · 12-16-2009, 08:58 AM

What do you mean by Dealership Financing?

tjbusa · 12-16-2009, 09:18 AM

Dealership financing like buy here pay here????
Or dealership offers financing thru different lenders

AnnaBear@SpartaChevy · 12-16-2009, 09:23 AM

Lots of people use dealer financing.

The only kind of loans we do are car loans, so we get very competitive rates.

Mazdaboi318 · 12-16-2009, 09:45 AM

Yea i mean buy through Dealer pay through dealer.

i know dealerships offer financing through other lenders

Augie1978 · 12-16-2009, 10:13 AM

They are still out there but not for a new Camaro

Moorepheus · 12-16-2009, 10:51 AM

Well, I went to a few local banks here and they don't do financing directly to the buyer, they do it via the dealer. Now, if you belong to a credit union, then you probably can go there and apply. Most dealers will look for the best rate/offer for the customer when it comes to financing. All my cars I have bought have all been financed via the dealer, execpt for my 99 TransAm. I got a load at my credit union for that.

CamaroScotty · 12-16-2009, 11:26 AM

I have beat USAA rates EVERY TIME (with good credit) and at least 5 deals....

You buy the car, I ask what the best rate You can get is, and we try to beat it.

BUT, keep in mind there are still dealers out there that will still sell you a payment and then adjust the rate up to get to that payment for you - so you pay more than you need to. If you don't get competitive rates and get one rate from the dealer, chances are you can get that lowered

StealthMan · 12-16-2009, 11:46 AM

As CamaroScotty mentioned...be careful with the dealer providing you with the financing (through their banks) - make sure you know exactly what rate you are paying and the term, as dealers also make money by marking up the rate the bank charges on the financing. Generally you should be able to get a better rate through a Credit Union directly (mine will cut a check made payable to the dealership and hand me the check to bring to the dealer). Good luck.

Mazdaboi318 · 12-16-2009, 02:49 PM

thanks guys....this next car i get will be done right....
just needing some input like the ones i am getting.

tmac1granger33 · 12-16-2009, 07:11 PM

Quote:

Originally Posted by Moorepheus

Well, I went to a few local banks here and they don't do financing directly to the buyer, they do it via the dealer. Now, if you belong to a credit union, then you probably can go there and apply. Most dealers will look for the best rate/offer for the customer when it comes to financing. All my cars I have bought have all been financed via the dealer, execpt for my 99 TransAm. I got a load at my credit union for that.

good info Hopefully my credit union will help me out!

Augie1978 · 12-16-2009, 07:33 PM

Quote:

Originally Posted by Moorepheus

Well, I went to a few local banks here and they don't do financing directly to the buyer, they do it via the dealer. Now, if you belong to a credit union, then you probably can go there and apply. Most dealers will look for the best rate/offer for the customer when it comes to financing. All my cars I have bought have all been financed via the dealer, execpt for my 99 TransAm. I got a load at my credit union for that.

Local banks dont finance directly to the buyer? Dude you're full of shit.

leperkhaun · 12-16-2009, 08:01 PM

Quote:

Originally Posted by Mazdaboi318

thanks guys....this next car i get will be done right....
just needing some input like the ones i am getting.

Always go to your bank/banks and find out what rates they are giving you. That way when the dealer gives you a quote you know if its a good deal for you.

12-16-2009, 08:48 AM	#1
Mazdaboi318 Drives: 2009 Cobalt SS/TC Join Date: Jun 2009 Location: Bossier City, LA Posts: 31	Dealership Financing? Does anyone do this anymore?

12-16-2009, 09:18 AM	#3
tjbusa Serious Sleeper Drives: 2010 CGM 2SS/RS M6 Join Date: Nov 2008 Location: Lexington,SC Posts: 3,129	Dealership financing like buy here pay here???? Or dealership offers financing thru different lenders __________________ ************************************* Drive-by Fact of Life: After Monday and Tuesday even the calendar reads... W T F *************************************

12-16-2009, 10:13 AM	#6
Augie1978 Drives: 2011 2SS RS Vert Join Date: May 2009 Location: Central Illinois Posts: 621	They are still out there but not for a new Camaro __________________ 2SS RS, Triple Black Vert, Manual, Hurst Shifter. American Racing Headers, Roto-Fab CAI

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12-16-2009, 08:58 AM	#2
SilverIce1 Silver Ice Drives: 2010 SIM 2LT Automatic Join Date: Jul 2009 Location: South Central Kansas Posts: 191	What do you mean by Dealership Financing?

12-16-2009, 09:23 AM	#4
AnnaBear@SpartaChevy Drives: 2011 Camaro 1SS Manual Synergy Grn Join Date: Apr 2009 Location: Sparta Chevrolet, Sparta, MI Posts: 2,108	Lots of people use dealer financing. The only kind of loans we do are car loans, so we get very competitive rates.

12-16-2009, 09:45 AM	#5
Mazdaboi318 Drives: 2009 Cobalt SS/TC Join Date: Jun 2009 Location: Bossier City, LA Posts: 31	Yea i mean buy through Dealer pay through dealer. i know dealerships offer financing through other lenders

12-16-2009, 10:51 AM	#7
Moorepheus Drives: 2013 Dodge Charge R/T Plus AWD Join Date: Jul 2009 Location: Niagara Falls, NY Posts: 1,307 View My Garage	Well, I went to a few local banks here and they don't do financing directly to the buyer, they do it via the dealer. Now, if you belong to a credit union, then you probably can go there and apply. Most dealers will look for the best rate/offer for the customer when it comes to financing. All my cars I have bought have all been financed via the dealer, execpt for my 99 TransAm. I got a load at my credit union for that.

12-16-2009, 11:26 AM	#8
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,801	I have beat USAA rates EVERY TIME (with good credit) and at least 5 deals.... You buy the car, I ask what the best rate You can get is, and we try to beat it. BUT, keep in mind there are still dealers out there that will still sell you a payment and then adjust the rate up to get to that payment for you - so you pay more than you need to. If you don't get competitive rates and get one rate from the dealer, chances are you can get that lowered

12-16-2009, 11:46 AM	#9
StealthMan Drives: 88 IROC-Z Convert, 08 Jeep Rubicon Join Date: Feb 2009 Location: Mass Posts: 201	As CamaroScotty mentioned...be careful with the dealer providing you with the financing (through their banks) - make sure you know exactly what rate you are paying and the term, as dealers also make money by marking up the rate the bank charges on the financing. Generally you should be able to get a better rate through a Credit Union directly (mine will cut a check made payable to the dealership and hand me the check to bring to the dealer). Good luck.

12-16-2009, 02:49 PM	#10
Mazdaboi318 Drives: 2009 Cobalt SS/TC Join Date: Jun 2009 Location: Bossier City, LA Posts: 31	thanks guys....this next car i get will be done right.... just needing some input like the ones i am getting.