Got approved today for a 2ss... Had to Walk :/ - Page 4 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

vandervortadam · 07-29-2012, 12:21 PM

I bought my 2010 a few months ago. For 30k. Fully loaded 2ss With black 21s 4k miles. Gm certified 1.9% intrest.

RLHMARINES · 07-29-2012, 02:47 PM

We have a new car loan thru Navy Federal Credit Union for 1.79% and mortgage of 3.25% with preapproval anytime over the phone within 30 minutes. We also belong to USAA and I encourage anyone to join a credit union if possible, a lot of times you qualify if your parents or relatives are a member or have served.

IPT · 07-29-2012, 07:03 PM

Quote:

Originally Posted by vandervortadam

I bought my 2010 a few months ago. For 30k. Fully loaded 2ss With black 21s 4k miles. Gm certified 1.9% intrest.

You got a 2010 with 4K miles for 30K? Man that is steal compared to what I am seeing them listed for. How much did you talk them down?

1BADLS3 · 07-29-2012, 08:50 PM

I wouldn't ever walk into a dealership without having my own financing (credit union, private bank, etc) or knowing exactly what I qualify for. The dealer's bottom line is to make a profit...don't ever believe what they're doing is in your financial best interest. It's in their best interest.

WheelmanSS · 07-29-2012, 09:02 PM

Lol no offense, but I wouldn't consider a 25% interest rate 'approved'.

Hell, I would personally finance you the car if you agreed to a 25% rate on my loan.

red70tvhs · 07-29-2012, 10:48 PM

Quote:

Originally Posted by WheelmanSS

Lol no offense, but I wouldn't consider a 25% interest rate 'approved'.

Hell, I would personally finance you the car if you agreed to a 25% rate on my loan.

Considering I could have signed papers and drove it to the house I would call it approved. In less than a year, my credit score fell from 784 to 4xx, now I have improved it 20-30 points in the past couple months to a 455. Im happy that financing is available for me if I have no other option because I simply dont have the money to pull out of pocket to buy the Vehicle of my choice. Im gradually improveing my credit, Im working with a few creditors right now to remove several charge offs from my credit report which will help tremendously. spring/summer next year, If I must eat a 25% rate I will, but I will aslo have a big enough downpayment to keep my payments in the area that I am comfortable with. Il refinance after a while so my rate goes down. But im aiming for a 15% or less rate by spring next year.

Ozzie RS · 07-30-2012, 02:46 AM

Quote:

Originally Posted by red70tvhs

Considering I could have signed papers and drove it to the house I would call it approved. In less than a year, my credit score fell from 784 to 4xx, now I have improved it 20-30 points in the past couple months to a 455. Im happy that financing is available for me if I have no other option because I simply dont have the money to pull out of pocket to buy the Vehicle of my choice. Im gradually improveing my credit, Im working with a few creditors right now to remove several charge offs from my credit report which will help tremendously. spring/summer next year, If I must eat a 25% rate I will, but I will aslo have a big enough downpayment to keep my payments in the area that I am comfortable with. Il refinance after a while so my rate goes down. But im aiming for a 15% or less rate by spring next year.

If you continue to improve your credit score and say get it to 550-650 I would not accept anything over 7%-8% considering the rates stay the same as today. Look at the 30 year Mortgage rate for an idea on the rates to expect. This week you could get (with good credit,above 750) a 30 year mortgage for 3.9%. Just my opinion only. I am not in finace just personal experience. Maybe someone can set it right if I am wrong but that sounds reasonable to me. Of course the Banks want 20%-30% if they can find suckers to pay it.

Ironheadspearo · 07-30-2012, 12:30 PM

25%..... Good idea on walking.... I have 2.9%
Holy smokes

shockandawe · 07-30-2012, 01:15 PM

You think that is bad, borrow 5k from Western Sky (A native American owned loan company), they charge 116% interest for a 7 year loan! 41k total at the end of term! Talk about revenge..........

United_727 · 07-30-2012, 02:10 PM

For 25%,I would RUN!

red70tvhs · 07-30-2012, 05:11 PM

Quote:

Originally Posted by shockandawe

You think that is bad, borrow 5k from Western Sky (A native American owned loan company), they charge 116% interest for a 7 year loan! 41k total at the end of term! Talk about revenge..........

Holy krap. Hopefully they wouldnt be to rough on me 1/8th cherokee haha but yeah, that is a big helping of revenge served fresh with a side of butt rape.

babytiger · 07-30-2012, 05:13 PM

Quote:

Originally Posted by red70tvhs

Holy krap. Hopefully they wouldnt be to rough on me 1/8th cherokee haha but yeah, that is a big helping of revenge served fresh with a side of butt rape.

Bwahahaha. I've seen that commercial and the 'fine print' is killer.

pooch · 07-30-2012, 05:30 PM

I got 11% and I was POed about that. Never again. Going after a new one in September. Anything over 8 and I will walk. Going to try my bank this time. I'll have 20k to put down so hopefully this will help.

upflying · 07-30-2012, 05:39 PM

Quote:

Originally Posted by shockandawe

You think that is bad, borrow 5k from Western Sky (A native American owned loan company), they charge 116% interest for a 7 year loan! 41k total at the end of term! Talk about revenge..........

Wow, never heard of Western Sky. Looks like they can't loan in Ca. True loan sharks, look at these rates!
http://www.westernsky.com/General/Rates.aspx

07-29-2012, 02:47 PM	#44
RLHMARINES 1st Civ. Div. Drives: Camaroless for now...RIP "Big SexZ" Join Date: Dec 2007 Location: Savannah, Ga Posts: 2,726	We have a new car loan thru Navy Federal Credit Union for 1.79% and mortgage of 3.25% with preapproval anytime over the phone within 30 minutes. We also belong to USAA and I encourage anyone to join a credit union if possible, a lot of times you qualify if your parents or relatives are a member or have served. __________________ Swift....Silent....Deadly

07-29-2012, 09:02 PM	#47
WheelmanSS Logic is dead Drives: 2010 Camaro 2SS/RS Join Date: May 2010 Location: Chicago, IL Posts: 1,804	Lol no offense, but I wouldn't consider a 25% interest rate 'approved'. Hell, I would personally finance you the car if you agreed to a 25% rate on my loan. __________________ 2010 Camaro 2SS/RS (LS3) 573 RWHP 498 RWTQ - Vortech V3 Supercharger - Kooks Stepped Headers, Magnaflow 16580 - Suspension by Pfadt, Hotchkis. 2007 Trailblazer SS- Sold 2001 Trans Am WS6 431 RWHP 408 RWTQ - Sold 1994 Camaro Z28 - Sold

07-30-2012, 12:30 PM	#50
Ironheadspearo ride the pain train Drives: 2011 1LT RS, 1998 fxstc HD Join Date: Jun 2010 Location: Daytona Beach Posts: 2,047	25%..... Good idea on walking.... I have 2.9% Holy smokes __________________ PAIN is temporary, PRIDE is forever......RACE HARD

07-30-2012, 02:10 PM	#52
United_727 Parts Guru Extraordinair. Drives: '02 SS 'Vert M6 Join Date: Mar 2011 Location: Upstate NY Posts: 1,184	For 25%,I would RUN! __________________ Please check out my other hobby ; http://jetphotos.net/showphotos.php?userid=1008

07-29-2012, 12:21 PM	#43
vandervortadam Drives: 2010 Camaro 2ss black 21's Join Date: May 2012 Location: Wisconsin Posts: 148	I bought my 2010 a few months ago. For 30k. Fully loaded 2ss With black 21s 4k miles. Gm certified 1.9% intrest.

07-29-2012, 08:50 PM	#46
1BADLS3 Drives: Sold: 2011 2SS/RS Join Date: Dec 2010 Location: United States Posts: 1,896	I wouldn't ever walk into a dealership without having my own financing (credit union, private bank, etc) or knowing exactly what I qualify for. The dealer's bottom line is to make a profit...don't ever believe what they're doing is in your financial best interest. It's in their best interest.

07-30-2012, 01:15 PM	#51
shockandawe Drives: 2014 Z51 Corvette Join Date: Dec 2008 Location: Wisconsin Posts: 1,349	You think that is bad, borrow 5k from Western Sky (A native American owned loan company), they charge 116% interest for a 7 year loan! 41k total at the end of term! Talk about revenge..........

07-30-2012, 05:30 PM	#55
pooch Drives: 2013 2SS Dusk convertible Join Date: Mar 2010 Location: St. Augustine Fl Posts: 213	I got 11% and I was POed about that. Never again. Going after a new one in September. Anything over 8 and I will walk. Going to try my bank this time. I'll have 20k to put down so hopefully this will help.