Quote:
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
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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.