What is your interest rate? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Ant · 03-23-2009, 10:41 AM

Just curious as to what some of your interest rates will be, for those of you who will be financing.

What is a normal interest rate for someone with great credit?

marcgo2 · 03-23-2009, 11:04 AM

I've seen as low as 4.5% and as high as 7% on new car purchases. Depends a lot on your credit score, who you finance through i.e. bank or credit union, and where you live. If you have excellent credit most likely around 5.5%.

trudawg660 · 03-23-2009, 11:16 AM

the lowest i have seen is from Navy federal credit union which is 3.99%. and a high of almost 23%

1_2Many · 03-23-2009, 11:54 AM

Lowest around is 3.9% for 60 or 4.75% for 72. I got denied by Penfed though and I have excellent credit...not sure why they advertise the rates if they aren't picking up new loans. Currently re-applying and for some reason it looks to be going through now.

TomServo · 03-23-2009, 02:17 PM

PFCU 3.99% up to 72 months, am pre-approved with check in hand, but I'm out shopping for a Z06. My son got the 3.99% for his 2SS/RS so all is good in our household.

D1BADZ · 03-23-2009, 02:25 PM

damn 1_2 many i just put in my pen fed app, hope to hear good news though,
Thus far they are the lowest I have seen for a new car rate ( non-oncentive)

Embalmer · 03-23-2009, 02:36 PM

3.99 for 60 at PenFed

1_2Many · 03-23-2009, 02:52 PM

I found out why I got denied by PenFed...because one of my payments was 5 days late...not 30 days, but 5 days. Apparently they can see exactly where all your accounts stand even if it's not on your credit. That's BS if you ask me, but no biggie I guess I'm just going to re-apply next month when everything is current. My credit score should be closer to 800 by then too.

trm0002 · 03-23-2009, 04:30 PM

Quote:

Originally Posted by 1_2Many

I found out why I got denied by PenFed...because one of my payments was 5 days late...not 30 days, but 5 days. Apparently they can see exactly where all your accounts stand even if it's not on your credit. That's BS if you ask me, but no biggie I guess I'm just going to re-apply next month when everything is current. My credit score should be closer to 800 by then too.

Amazing what the GOVERNMENT has access to, isn't it?

To answer the OP, 5% through the GEICO FCU but my dealer swears he can get me 4.75% (good credit required of course).

DDustiNN · 03-23-2009, 06:00 PM

Quote:

Originally Posted by TomServo

PFCU 3.99% up to 72 months, am pre-approved with check in hand, but I'm out shopping for a Z06. My son got the 3.99% for his 2SS/RS so all is good in our household.

You got 3.99% for 72 months? I thought it was only 3.99% for 60 months, or 4.75 for 72 months...?

Mac1 · 03-23-2009, 06:04 PM

Quote:

Originally Posted by DDustiNN

You got 3.99% for 72 months? I thought it was only 3.99% for 60 months, or 4.75 for 72 months...?

You are correct.

toehead93 · 03-23-2009, 06:37 PM

I found, for the non-government job having people, a 60 month loan at Bank of America with 4.55% interest.

03-23-2009, 10:41 AM	#1
Ant Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008 Location: Long Island, NY Posts: 911	What is your interest rate? Just curious as to what some of your interest rates will be, for those of you who will be financing. What is a normal interest rate for someone with great credit?

03-23-2009, 11:54 AM	#4
1_2Many Drives: 2008 Suzuki SX4 Join Date: Oct 2008 Location: SoCal Posts: 785	Lowest around is 3.9% for 60 or 4.75% for 72. I got denied by Penfed though and I have excellent credit...not sure why they advertise the rates if they aren't picking up new loans. Currently re-applying and for some reason it looks to be going through now. __________________ We are the early orderers...we are GM's voluntary guinea pigs and their free source of feedback. How will we be thanked?

03-23-2009, 02:25 PM	#6
D1BADZ hmmmmm Drives: 2010 IOM in-n-out 2SS Join Date: Oct 2008 Location: San Jose, Ca Posts: 1,324	damn 1_2 many i just put in my pen fed app, hope to hear good news though, Thus far they are the lowest I have seen for a new car rate ( non-oncentive) __________________ "Responsibility is a Heavy Responsibilty" (Cheech)

03-23-2009, 02:52 PM	#8
1_2Many Drives: 2008 Suzuki SX4 Join Date: Oct 2008 Location: SoCal Posts: 785	I found out why I got denied by PenFed...because one of my payments was 5 days late...not 30 days, but 5 days. Apparently they can see exactly where all your accounts stand even if it's not on your credit. That's BS if you ask me, but no biggie I guess I'm just going to re-apply next month when everything is current. My credit score should be closer to 800 by then too. __________________ We are the early orderers...we are GM's voluntary guinea pigs and their free source of feedback. How will we be thanked?

03-23-2009, 11:04 AM	#2
marcgo2 Drives: '16 Camaro 2SS Hyper Blue Join Date: Mar 2009 Location: IL Posts: 339	I've seen as low as 4.5% and as high as 7% on new car purchases. Depends a lot on your credit score, who you finance through i.e. bank or credit union, and where you live. If you have excellent credit most likely around 5.5%.

03-23-2009, 11:16 AM	#3
trudawg660 Drives: 2006 Dodge Charger / 2SS IOM Join Date: Dec 2008 Location: United Kingdom Posts: 1,640	the lowest i have seen is from Navy federal credit union which is 3.99%. and a high of almost 23%

03-23-2009, 02:17 PM	#5
TomServo Drives: 2007 Z06 Join Date: Oct 2008 Location: Swansea IL Posts: 727	PFCU 3.99% up to 72 months, am pre-approved with check in hand, but I'm out shopping for a Z06. My son got the 3.99% for his 2SS/RS so all is good in our household.

03-23-2009, 02:36 PM	#7
Embalmer 2G1FT1EWXA9103351 Drives: 2SS RS, SIM, 6pd, 20"Alum Join Date: Oct 2008 Location: Canton, Michigan Posts: 607	3.99 for 60 at PenFed

03-23-2009, 06:37 PM	#12
toehead93 Drives: 2014 2SS/1LE Join Date: Feb 2007 Location: wpb fl Posts: 3,135	I found, for the non-government job having people, a 60 month loan at Bank of America with 4.55% interest.