Quote:
Originally Posted by BEEMARO
Dude, did you go in to the bank, or do it online? I totally want to go there first!
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I called B of A first and they said that I had to apply online--so I did. Then I called back (internet loan dept or eloan dept 1.800.721.9654 option 1 ext 5000 spoke to Kenyah) because the application stated it would send me an email with the decision in 2 business days. I said screw that and called B of A back. The agent I spoke to before was really nice and looked up my app--she said the underwriter was looking it over could I hold on for 3 mins. I did--she came back on the phone and said I was approved for the 3.94% for 60 mos. and the amount was $30K or more with allowable 130% of vehicle purchase price--money down is up to me and the dealer--they even waived the $200 loan fee because my dealer is a preferred dealership!...you have to supply your VIN on the app so be ready for that!
She then gave me her pesonal FAX to send her info from the dealer when I go to pick up my car!! Theyare going to send the dealer a check when I send the contract over-- I'm good to go!
My dealer was floored--he said he could only get 5.5% or some rate in that range. Do it on your own and save time and hidden cost to you via a higher rate from the dealer--it's worth the research for sure!