My thoughts about supply

[WayneE]

Originally Posted by DkknightX

even with perfect credit and a good income. 7.1% on my Camaro with $25K down is downright disgusting. I wanted to punch that finance manager when she gave me my options. Unfortunately if I wasted time looking for banks, I may have lost the car. People that should be able to manage payments on this car, suddenly cannot because of those people that shouldn't. I can stomach it, but it sucks.

If you have perfect credit and good income (and low ratios), there's no reason why you should be paying 7.1%. You can refinance your loan with places like Pentagon Federal (www.penfed.org) @ 3.99% right now.

I have purchased 3 new cars since Nov and have no issues with finding cheap money.

[DkknightX]

Thanks! I'll look into it! Much appreciated!

[DkknightX]

Originally Posted by WayneE

If you have perfect credit and good income (and low ratios), there's no reason why you should be paying 7.1%. You can refinance your loan with places like Pentagon Federal (www.penfed.org) @ 3.99% right now.

I have purchased 3 new cars since Nov and have no issues with finding cheap money.

Problem is that you have to be apart of the credit union, which I am not. :(

[WayneE]

Read their rules. All you have to do is join their NMFA (National Military Family Assoc - something like that) for $20 and you're a member.

[Quackaddict]

Originally Posted by camaro crazy 219

Remember the old saying about opinions!!!

They are like elbows everyone has a couple????????

[Quackaddict]

not being a jerk here either but isn't it funny we say we are in this economic situation because people robbed Peter to pay Paul and over extended their credit and now they can't afford it............but we robbed from our future generations to bail out GM so I don't know about a 6th Gen..........

[camaro crazy 219]

Originally Posted by DkknightX

That is the problem; They don't! They rob Peter to pay Paul constantly. All of these ghetto folk in the poor sections of Los Angeles and New York City, were given balloon interest rates on mortgages, with some skyrocketing to 20% and above, but they didn't care. So they went out and wanted that nice new Escalade with 10K rims and all blacked out like gangsta rappers, and how did this happen? They took equity loans and ran up huge credit card debt with incomes that couldn't accomodate one-tenth of what they could actually afford. This isn't just for city folk. People all over the country were getting away with this crap. Selling food stamps for Air Jordan high-tops. How lame can you get and please don't tell me this never happened because it did.

Because this happened and the credit market tumbled, those in the middle class that could afford to pay their bills, save money and not spend beyond their means (like me and my wife) are now stuck being penalized, even with perfect credit and a good income. 7.1% on my Camaro with $25K down is downright disgusting. I wanted to punch that finance manager when she gave me my options. Unfortunately if I wasted time looking for banks, I may have lost the car. People that should be able to manage payments on this car, suddenly cannot because of those people that shouldn't. I can stomach it, but it sucks. These poor SOB's will always find a way around the system because "bling" is more important then responsibility and in the end, those that are responsible end up paying for it. So yeah, THANKS AMERICA for not knowing what you can afford!

I completely agree with you. Back when the housing market was good and everyone was buying a house I did to. But I didn't buy something that if the economic times got ruff, I wouldn't be able to afford it. I didn't go out and buy a $500,000 home when I knew that what i could afford was something under $200,000.

I know what my budeget is and I didn't over extend myself with something I couldn't pay for. I don't really blame the people who don't know what there getting in for, but a little research helped me alot. The fact that the banks and lending institutions lowered there standerds for obtaining loans and taking advantage of people who don't really know how the housing market works is really the problem.

The middle class will always be the ones who pay for things like this, it's always been like that. As for GM, I hope that they continue to make great vehicles and I think as long as they do,, and the government doesn't run the company they will pull through these tuff finacial times.

[giod]

OMG you all sound like a bunch of bickering Girls... LOL

[Rodrunner]

Originally Posted by giod

OMG you all sound like a bunch of bickering Girls... LOL

It's called discussion, and no they don't.

Originally Posted by camaro5

Let's hope the credit crunch continues.
More companies can go bankrupt.
Hell, maybe we can get US unemployment past 10 percent.

It'll be past 10% before long, C5. And let us not forget what our illustrious VP has said, "We have to go spend money to keep from going bankrupt."
Brickyard......comin' up!



My selfish side doesn't want many Camaros to be sold to keep mine somewhat unique, but I know that's not the way I should feel, nor is it ever going to happen, the car's way too popular. So, like someone else said, I'll just have to make mine unique myself.

[WayneE]

Originally Posted by Rodrunner

My selfish side doesn't want many Camaros to be sold to keep mine somewhat unique, but I know that's not the way I should feel, nor is it ever going to happen, the car's way too popular. So, like someone else said, I'll just have to make mine unique myself.

Unfortunately, you usually have to pay for exclusivity. The price of the Camaro, as well as it's position in GM's line, just about guarantee that there will eventually be one on every corner. Even the Corvette, which is supposed to be their halo brand, is everywhere.

Enjoy the rarity of the 5th-gen now, while production is catching up to demand.

[FenwickHockey65]

Are you guys serious?

If the Camaro doesn't sell in huge numbers, there may not even be a 6th generation.

GM needs to sell as many as they can. Exclusivity can go to hell for all I care, you want a rare car, go buy a Ferrari instead.

[Vash]

I just wonder how the OP figured this goes in Off Topic and not in one of the Camaro related forums? WFN.

[manimsoblack]

so much