06-06-2009, 12:54 PM | #1 |
Drives: 2SS RS Join Date: Oct 2008
Location: portland, OR
Posts: 305
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For those who have financing questions, heres how it worked out for me
heres how my financing paned out.
I have a 734 experian score and 690 equifax made 29,000$ last yr, 2.5yrs on the same job, also full tiem student biggest previous loan was on mustang only 4,500$ ok, so i applied at my credit union, bank of a, cap one and another place, all of them would only give me half what i needed about 15,000 to 20,000. so i called my dealer and did exaclty what you not supposed to do "ask him to run your credit and see if he can find me a loan" GMAC to the rescue!! approved for 29,000, 7.89% for 5yrs, equals 590 bucks a month. What i have find out is, with the right amount down, you can get approved. i also dont dont worry about the 7.89% rate, after paying on time for a yr or so i will go back to my credit union and refi, which will lower my payments. hope this helps any of you who have qustions in this area. my dealer was honest and actualy helped me out big time, best dealer i have delt with. any questions feel free to ask |
06-06-2009, 01:02 PM | #2 |
Drives: em crazy. Join Date: May 2009
Location: Right here
Posts: 305
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Don't take this wrong....or do, I don't care. But how can you afford a car that cost more than your yearly salary?
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06-06-2009, 01:02 PM | #3 | |
Drives: 1998 TA Join Date: Sep 2008
Location: IL
Posts: 48
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06-06-2009, 01:11 PM | #4 |
Drives: 2SS RS Join Date: Oct 2008
Location: portland, OR
Posts: 305
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live with the folks and dont have any other bills
i talkd to him about it and he worked on getting it that low, thats whatg he said so i can only take his word for it and GMAC doesnt have low rates to begin with, if u would of got approved threw my credit union i would of got the 3.99% since my score was above a 720 |
06-06-2009, 01:20 PM | #5 | |
Drives: 2010 Camaro 2SS/RS Join Date: Mar 2008
Location: S.W. Florida
Posts: 6,294
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06-06-2009, 04:03 PM | #6 |
Drives: 2010 Chevy Camaro Join Date: Mar 2009
Location: Lakeland, TN
Posts: 159
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My wife bought an Acadia in April. Has a 750 plus credit score. Got financed through GMAC at 2.9% for 72 months with a $4500 trade in on a $38,000 car.
Don't think I will get such a low rate on a Camaro through GMAC but I am going to try with them first. I am paying over 25% down with a credit score at 735 Equifax. I will let you know what happens.
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VIN = 2G1FK1EJ4A9112201
1100 = Preliminary Order: 3/21/2009 2000 = Accepted By GM: 3/27/2009 3000 = Accepted By Production Control: 3/28/2009 3300 = Scheduled For Production: 5/9/2009 3400 = Broadcast:5/13/2009 3800 = Produced: 5/22/2009 4150 = Invoiced: 5/25/2009 4200 = Shipped: 5/25/2009 5000 = Delivered To Dealer: 6/9/2009 Ordered: Victory red, black stripes, RS/SS auto, sunroof, painted engine cover. |
06-06-2009, 04:17 PM | #7 | |
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5.24% - 60mth; 5.74% - 72mth; 6.49% - 84 mths Let us know if they change or if the new GMAC does better.
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2010 Black/Beige 2SS/RS A6 SRoof (Cat-back SLP Loud Mouth II, CAI, Technostalgia Rapid Fire TL) CONO (Camaros of NW Ohio) |
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06-06-2009, 06:36 PM | #8 |
Drives: 2011 RS/SS Camaro M6 Synergy Green Join Date: Sep 2008
Location: Powell Wy
Posts: 138
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Last month My Wife and I financed a 09 Sierra All-Terrain with $46,600 MSRP,we financed $35,500 for 72 months at 5.65%.My Wifes credit score was 710 with a BK 3yrs and mine was 695 with my credit dinged up from a divorce 4 years ago.Hoping to get under 6% on the Camaro.............
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