08-30-2022, 11:47 AM | #1 |
Drives: 2023 Zl1 M6 RedHot Join Date: Jun 2022
Location: Philadelphia, Pa
Posts: 25
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Financing and interest rates
Would to like hear from everyone who financed, what was your experience with Chevy and the financing end of the purchase and what type of rates did they offer?
Any tips on getting the best rates and not being taken advantage of with fees and "packages" added on. Come in with a preapproval from my credit union or try gm financial? Thanks! 2023 Camaro Zl1 1le m6 on order- 07/22 |
08-30-2022, 12:43 PM | #2 |
Drives: 2023 Camaro 2SS convertible Join Date: May 2022
Location: St Simons Island, GA
Posts: 100
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In my experience when feds raise interest rates, credit unions become the best option unless GM is running a finance special. For instance my credit union has stayed at 3.9% the entire time.
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08-30-2022, 12:46 PM | #3 |
Always Workin
Drives: 2021 Mazda MX-5 Join Date: Aug 2013
Location: Youngstown, OH
Posts: 1,362
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Get outside financing rates prior to going to the dealership. They want you to finance with them at the dealership because they make money. But if you have a good rate outside just go with that.
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2023 Vivid Orange 1SS 1LE 6MT
Arrived 8/31 Purchased 9/3 2018 1SS 1LE, HyperBlue Metallic (Sold) 2014 1SS 1LE, Black, Twin Turbo (Sold) |
08-30-2022, 01:00 PM | #4 | |
Drives: 2023 Zl1 M6 RedHot Join Date: Jun 2022
Location: Philadelphia, Pa
Posts: 25
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Quote:
I will get a rate from my credit union before going into the dealer. I was told that they would try and beat it to gain my business basically. |
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08-30-2022, 01:02 PM | #5 |
Drives: 2023 Zl1 M6 RedHot Join Date: Jun 2022
Location: Philadelphia, Pa
Posts: 25
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That seems to be the best bet. Mine is currently 2.32 for 60 months, 3.49 for 72-84 months.
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08-30-2022, 01:03 PM | #6 |
Drives: 2023 ZL1 Vert M6 "Sharky" Join Date: Mar 2020
Location: Earth
Posts: 4,036
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My CU is 3.5 up to 48 month and 3.75 48+
I would get approval from your lowest source and let them try and beat it. As for dealer addons, I have found 3 dealers now in my search for the camaro 1. Add on central, big pass 2. MSRP not budging 3. Will take GMS, supplier etc... Look for a dealer that is willing to deal.
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2023 Camaro ZL1 Vert TR-6060 Sharkskin "Sharky"
Firecracker Red Wrangler Willys, 3.6L eTorque, 850RE 8 speed automatic, 25W Willys package, Technology Group, Convenience Group (aka $600 garage door opener), Cold weather Group, Trailer Tow and HD electric group with AUX switches, 3 piece black freedom top. |
08-30-2022, 01:24 PM | #7 |
Drives: '23 1SS 1LE Shadow Gray Join Date: May 2022
Location: FL
Posts: 101
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Just closed my car over the weekend, dealer gave very bad rate 5.84 and I'm well qualified. the %2.89 rate chevy advertises on their web site is BS. Looking for credit union to refinance, doesn't cost anything to refinance. You should go there pre-approved from cu and let them know in advance
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08-30-2022, 01:38 PM | #8 | |
Account Suspended
Drives: '23 2SS Rapid Blue Join Date: Apr 2022
Location: CA
Posts: 202
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Quote:
That rate given to you was VERY. Whos the lender? |
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08-30-2022, 02:14 PM | #9 | |
Drives: 2023 Zl1 M6 RedHot Join Date: Jun 2022
Location: Philadelphia, Pa
Posts: 25
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Quote:
Did the dealer budge on interest rate or work out a deal? my credit is in the 760-780 range so I am hoping they do give me the best rate possible but I plan on coming into the dealer with my pre approval in hand to work out the best rates |
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08-30-2022, 02:16 PM | #10 |
Drives: Dodge Charger Join Date: Apr 2022
Location: Atlanta
Posts: 101
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is this GM financial?
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08-30-2022, 02:19 PM | #11 |
Drives: 2023 Zl1 M6 RedHot Join Date: Jun 2022
Location: Philadelphia, Pa
Posts: 25
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08-30-2022, 02:52 PM | #12 |
Drives: Chevy Camaro Join Date: Aug 2022
Location: Indiana
Posts: 52
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USAA approved me for 3.54 % for 60 months
i haven't seen any better rates lately, so i am happy with it, dealer said they could not touch it so they suggested I do that, so i am. |
08-30-2022, 02:57 PM | #13 |
Always Workin
Drives: 2021 Mazda MX-5 Join Date: Aug 2013
Location: Youngstown, OH
Posts: 1,362
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Yeah, In the current market that is a good rate. You can’t even get a mortgage at that rate anymore lmao.
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2023 Vivid Orange 1SS 1LE 6MT
Arrived 8/31 Purchased 9/3 2018 1SS 1LE, HyperBlue Metallic (Sold) 2014 1SS 1LE, Black, Twin Turbo (Sold) |
08-31-2022, 07:04 AM | #14 |
Drives: Camaro 2SS, Jeep Gladiator Willys Join Date: Dec 2021
Location: NC
Posts: 81
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I went through my CU and just took a check to the dealership. It was the easiest car deal ever. I handed over 2 checks from the bank and signed 3 papers. Keys were in the center console where the dealership owner brought it around front for me.
I recommend getting the money somewhere else. I found out how dealers work and they will lie lie lie to you about rates. |
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financing, loan, zl1 1le |
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