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06-28-2010, 05:55 PM
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#1 |
 Drives: 2011 IOM SS Corsa/CAI Join Date: May 2010
Location: Shawnee, KS
Posts: 190
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Credit Score 690 and 8.5% GMAC financing??? BS
Finance 35K and the best I can get is 8.5 through GMAC???? NO WAY. Credit Score is 690??? Help!!
Does this sound right? I think I'm getting hosed........... |
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06-28-2010, 05:56 PM
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#2 |
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Moderator
Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007
Location: San Diego
Posts: 14,769
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It depends on more factors than your credit score. A longer term is going to come with a higher rate. If you don't put much money down, you may also get hurt. Your income also plays a role.
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06-28-2010, 05:58 PM
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#3 |
 Drives: 2017 ZL1 Join Date: May 2010
Location: Texas
Posts: 327
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A 690 is fair. Try your bank for a lower rate.
How long are the terms of the loan? |
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06-28-2010, 05:59 PM
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#4 |
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Rolling along...
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http://www.capitalone.com/autoloans/
Don't let the dealer screw you over on the loan. Mine couldn't get me anything close to what I brought in from Capital One.
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06-28-2010, 06:13 PM
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#5 | |
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Banned
Drives: Car Join Date: Jan 2010
Location: None
Posts: 5,113
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06-28-2010, 06:16 PM
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#6 |
  
Drives: 11 2SS/RS E-Force Supercharged Join Date: Apr 2010
Location: Charlotte
Posts: 814
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bank of america has nice rates right now. %3.69 for 72mo and better for 60 month.
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06-28-2010, 06:16 PM
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#7 | |
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Drives: 2011 IOM SS Corsa/CAI Join Date: May 2010
Location: Shawnee, KS
Posts: 190
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Quote:
72 Months, Nothing down. I make 6 figures in the Midwest. Trans Union is 704. We have amost exactly the same score......What gives??? |
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06-28-2010, 06:17 PM
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#8 |
 
Drives: 2010 2ss/rs Join Date: Sep 2009
Location: Austin
Posts: 1,016
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mine was at 6 something threw gmac with a mid 700s credit score and nothing down, my credit union wouldnt do the loan they said it was a bad loan or something, i think im gonna refinance soon with someone else
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06-28-2010, 06:18 PM
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#9 | |
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Drives: 2010 2ss/rs Join Date: Sep 2009
Location: Austin
Posts: 1,016
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06-28-2010, 06:20 PM
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#10 | |
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Drives: 2011 IOM SS Corsa/CAI Join Date: May 2010
Location: Shawnee, KS
Posts: 190
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06-28-2010, 06:25 PM
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#11 | |
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Drives: 2010 2ss/rs Join Date: Sep 2009
Location: Austin
Posts: 1,016
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06-28-2010, 06:34 PM
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#12 | |
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Banned
Drives: Car Join Date: Jan 2010
Location: None
Posts: 5,113
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Quote:
 Then my gmcard and the USAA rebate.I have had several car loans out since I went thru 7 cars. My 08 G6 GXP was fianced thru Chase Auto Finance for 6.44% and my 06 G6 GTP was financed thru GMAC for 3.9% I bought my first brand new car when I was 20 a 2003 Pontiac Grand AM GT and my loan rate was 5.99% but my dad co-signed since I had no credit history established yet. My loan I have out with my mom for the G5 is 4.74%. I wanted to fiance thru Chase again but they denied me so I don't care about giving them business anymore  It's pretty sad when your rockin two car loans thru a bank never have one late payment with them but they still deny you credit
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06-28-2010, 06:49 PM
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#13 |
    
Drives: Everything Join Date: Mar 2009
Location: Indiana
Posts: 2,110
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Don't go through GMAC, their standard rates are terrble. Go through a local bank or credit union.
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 "God help the child who grows out of everything" |
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06-28-2010, 06:59 PM
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#14 |
 
Drives: 2010 VR 2SS/RS Join Date: Dec 2009
Location: West Virginia
Posts: 225
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I got 4.74% for 72 month with BB+T. I dont have an account with them either.
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