Interest Rates - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

TocaSeries · 08-31-2012, 12:01 PM

Just out of curiosity what rates people are getting. I know a lot is on credit, I got mine for 3.99 for 66 months and checking to see if that is pretty good?

Jalberdi99 · 08-31-2012, 12:03 PM

66 months? what bank did you get that from? i have allways seen 60 or 72 months, not 66.

malave7567 · 08-31-2012, 12:10 PM

my LS is financed 4.19% for 72. Which I hear is pretty good for a 72 month loan.

TJR1952 · 08-31-2012, 12:14 PM

Just bought for 2.44% / 72 months

blue89bird · 08-31-2012, 12:19 PM

1.49%/60mo at PenFed

TocaSeries · 08-31-2012, 12:27 PM

bluebird and TJR, I take it you guys got good credit scores...am i wrong?

TocaSeries · 08-31-2012, 12:29 PM

the 66 months is from Credit Union 1

Supermaro585HP · 08-31-2012, 12:30 PM

I got mine a 2011 about 1 year ago for 2.9% for 72 months. I just paid it off last month so I saved a shit load of money in interest for paying it off early. I just got 0% for 60 months on my wifes Escalade. I figure what the hell why not use there money at 0%. They ask me if I was going to put any money down and I laughed because again 0% I will use there money and can do some other things with my money to make money.. I own a used car lot and can buy alot of $8000 cars and sell them and make a bunch of money..

Higgs Boson · 08-31-2012, 12:38 PM

I am at 1.99 for 60. Not going to pay one dollar ahead.

That's damn near free money!

I bought used w/ 15K miles and saved about 10 grand off the new price.

TJR1952 · 08-31-2012, 01:46 PM

Quote:

Originally Posted by TocaSeries

bluebird and TJR, I take it you guys got good credit scores...am i wrong?

Yes , good credit. Had option to go with 1.9% / 60 months but plan on paying early. With 72 month i have lower minumin if i have a bad month.

kmmink · 08-31-2012, 04:09 PM

The dealer is saying he can probably get 3% financing for me. I see where PenFed has 1.49%.

I've only ever just financed through the dealership, so I don't quite know how it works if I would get approved by PenFed or someone else outside of the dealership. Can someone please explain that process to me in layman's terms?

Overachiever · 08-31-2012, 04:22 PM

Quote:

Originally Posted by kmmink

The dealer is saying he can probably get 3% financing for me. I see where PenFed has 1.49%.

I've only ever just financed through the dealership, so I don't quite know how it works if I would get approved by PenFed or someone else outside of the dealership. Can someone please explain that process to me in layman's terms?

I think PenFed just cuts you a check and you pay the dealership for the car (or whichever bank gave you the loan through the dealership). Then you just make your payments to PenFed.

TJR1952 · 08-31-2012, 04:42 PM

Quote:

Originally Posted by Overachiever

I think PenFed just cuts you a check and you pay the dealership for the car (or whichever bank gave you the loan through the dealership). Then you just make your payments to PenFed.

Pretty much how it works. You prequalify up to a maximun amount , lender cuts you a blank check , you fill it out at dealers up to amount you are approved for , you make payment to lender at their rate. Most of the time dealer will come up with a better rate. If you qualify to go in with a good rate , chances are you qualify for one of the dealers preffered rates.

kmmink · 08-31-2012, 04:47 PM

Quote:

Originally Posted by Overachiever

I think PenFed just cuts you a check and you pay the dealership for the car (or whichever bank gave you the loan through the dealership). Then you just make your payments to PenFed.

Thank you!

08-31-2012, 12:01 PM	#1
TocaSeries Drives: 2013 Camaro 2SS Join Date: Aug 2012 Location: Chicago, IL Posts: 143	Interest Rates Just out of curiosity what rates people are getting. I know a lot is on credit, I got mine for 3.99 for 66 months and checking to see if that is pretty good?

08-31-2012, 12:19 PM	#5
blue89bird Drives: 2010 2SS/RS, 68 Camaro Join Date: Jan 2007 Location: Marlton, NJ Posts: 126	1.49%/60mo at PenFed __________________ Jason 2009 CTS-V - 1968 Camaro

08-31-2012, 04:09 PM	#11
kmmink Drives: 2013 2LT/RS/GFX CRT/Beige A6 Join Date: Aug 2012 Location: Louisiana Posts: 322	The dealer is saying he can probably get 3% financing for me. I see where PenFed has 1.49%. I've only ever just financed through the dealership, so I don't quite know how it works if I would get approved by PenFed or someone else outside of the dealership. Can someone please explain that process to me in layman's terms? __________________ 2013 2LT/RS CRT/Beige A6;Body-color gfx, body-color blade spoiler, body-color grille, body-color engine cover, Sunroof, Navigation, 20" polished aluminum wheels, Spare tire, and Cargo net-Order placed 8/4/12-TPW 8/27/12-Delivered 9/27/12 and 2013 2LT/RS AGM/Gray A6;Body-color gfx, body-color blade spoiler, body-color grille, Sunroof, Navigation, 20" polished aluminum wheels(last years), Spare tire, and Cargo net-Order placed 10/4/12-TPW 10/29/12-Delivered 12/11/12.

08-31-2012, 12:03 PM	#2
Jalberdi99 Drives: 2014 Summit White 2SS/RS M6 Join Date: Aug 2012 Location: @ ur moms house in VA Posts: 1,405	66 months? what bank did you get that from? i have allways seen 60 or 72 months, not 66.

08-31-2012, 12:10 PM	#3
malave7567 Drives: 2015 Camaro 1SS Join Date: Dec 2011 Location: Houston, TX Posts: 835	my LS is financed 4.19% for 72. Which I hear is pretty good for a 72 month loan.

08-31-2012, 12:14 PM	#4
TJR1952 Drives: 2013 2LT Join Date: Jun 2012 Location: WEST COVINA,CA Posts: 286	Just bought for 2.44% / 72 months

08-31-2012, 12:27 PM	#6
TocaSeries Drives: 2013 Camaro 2SS Join Date: Aug 2012 Location: Chicago, IL Posts: 143	bluebird and TJR, I take it you guys got good credit scores...am i wrong?

08-31-2012, 12:29 PM	#7
TocaSeries Drives: 2013 Camaro 2SS Join Date: Aug 2012 Location: Chicago, IL Posts: 143	the 66 months is from Credit Union 1

08-31-2012, 12:30 PM	#8
Supermaro585HP Account Suspended Drives: 2011 Camaro SS RS Join Date: Aug 2011 Location: Pittsburgh, PA Posts: 1,186 View My Garage	I got mine a 2011 about 1 year ago for 2.9% for 72 months. I just paid it off last month so I saved a shit load of money in interest for paying it off early. I just got 0% for 60 months on my wifes Escalade. I figure what the hell why not use there money at 0%. They ask me if I was going to put any money down and I laughed because again 0% I will use there money and can do some other things with my money to make money.. I own a used car lot and can buy alot of $8000 cars and sell them and make a bunch of money..

08-31-2012, 12:38 PM	#9
Higgs Boson Perpetual Order Drives: indeed Join Date: Jun 2012 Location: Texas Hill Country Posts: 1,277	I am at 1.99 for 60. Not going to pay one dollar ahead. That's damn near free money! I bought used w/ 15K miles and saved about 10 grand off the new price.