Zl1 Camaro car payment???

[cvp33]

Originally Posted by Blainne

Most 0% financing is only for 1- 3 years. 5-6 years is usually 3% at best with perfect credit. The 0% offers for long term are usually only for the crap cars they can't move. AKA Minivan or lower models. I've never seen a 0% offer on any special car like a Zl1, GT500, Z06, Viper.... they don't need to. There are exceptions.

2 year loan at 0% is $2,416 a month on a 58k car or $1611 a month for 3 years. Anyone know if the deal applies to the ZL1? I'd be surpised if it did. Usually it applies to the lower models and they don't state that on the add so you are forced to find out at the dealer.

Not true. BB&T and Wells Fargo are fighting for car loans from buyers with high beacon scores. I have 60mos@1.25% and 60mos@1.34%. Both were no money down deals, both on 2013's.

2013 Jeep Grand Cherokee Overland
2013 ZL1 Convertible

[Blainne]

Originally Posted by cvp33

Not true. BB&T and Wells Fargo are fighting for car loans from buyers with high beacon scores. I have 60mos@1.25% and 60mos@1.34%. Both were no money down deals, both on 2013's.

2013 Jeep Grand Cherokee Overland
2013 ZL1 Convertible

There are exceptions, but not the norm. My bank is goes 6 year at 2% and 7 year for 3%. Again the % goes up with term.

Wells fargo's current rates are:

Auto Loan Refinance4.12%New Auto Purchase (Dealer)2.99%Used Auto Purchase (Dealer)4.39%Used Auto Purchase (Private Party)5.73% BB&T is showing the same rates now. If you bought your car before June of this year then you would have a much lower rate.

Remember the rates went up in June 2013 a full % point. Including home loans. USAA usually is the lowest of all the banks for auto loans.. unless you get a special rate through Chevy. I've only bought 1 car out of 20 where the dealer was able to beat the rate from USAA, which was a special 2% for 6 years from Toyota a year ago.

Did you get this rate through Chevy? If so that means the special financing did apply to the ZL1, which is good news.

[OldScoolCamaro]

Originally Posted by sporto20

My brain hurts, guys. I feel like I just sat through a math/finance class...with a little mix of wealth managment and retirement planning!

....great response sporto, hey! Don't let economics get in the way of what you want. Retirement planning is highly over rated.

[cvp33]

No I didn't get any special financing through Chevrolet or GM, especially not on a Jeep. And you can't go by published rates on the Internet, you have to let the finance manager run your credit and shop your deal. If your beacon score is north of 720, simply tell the dealer your deal is predicated on a rate below 1.4 or 1.3. They can get it done, again if you're 720+. PenFed runs deals all the time on refi's as well for 60mos.@1.49% if your car is less than 2 yrs old. Seriously NO reason to pay more than 1.5%.

[NerdWerx]

$755.00 a month with $14,000.00 down payment. Higher than the $500.00 I was aiming for but things didn't work out where I could put $30,000.00 down. Oh well, worth every penny.

[ZL1formance]

$987/month for 72 months

[stardok]

ZL1 payment: zero dollars. Owning ZL1:Priceless!

[black2013zl1]

Borrowed about $53K for 72 months at 1.9% for $779 a month....

[Bigtime53]

I paid 30k down financed the rest at 36 months pymt is 900.00

[Baer383]

I put 15K down and a payment of 611 month

[Chados]

WAY too much. But I like it. I'll keep it for a good little while.

[Msmall143]

is this thread for real #loancalc.

[TomF1]

598 bi- weekly for 5 yrs with 10k down
Us Canadians have higher prices, higher interest and 13% sales tax
But we have good healthcare

[gen=5]

Originally Posted by ZL1formance

$987/month for 72 months

GOD THAT MAKES ME CRY TO THINK ABOUT A CAR THAT'S REALLY JUST A TOY HAVING THAT MUCH OF A HOLD ON MY CHECK BOOK EVERY MONTH.....

ANYWAY MY PAYMENT...ZERO PAID CASH.....INSURANCE DIFFERENT STORY,BUT THAT'S LIFE......COULD OF MADE A DEPOSIT AND SELF INSURED BUT,THAT'S A LITTLE RISKY SOMETIMES ON A TOY...i AGREE OWNERSHIP IS PRICELESS