03-16-2017, 06:40 PM | #15 |
H-Town Camaro Club Member
Drives: 17 Hyper Blue Metallic KLR-ZL1 Join Date: May 2009
Location: Pearland Tx.
Posts: 2,035
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Same here. A lot of equity built up through the years with keeping vehicles till paid off.
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03-16-2017, 06:52 PM | #16 |
Drives: 2018 ZL1 A10/2018 GT350R #JR603 Join Date: Jan 2017
Location: Dublin CA
Posts: 819
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Lease $629 w/$10K down. No more daily Starbucks runs & I canceld DirectTv. $380.00 alone there.
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2018GT350R+2018 ZL1 "Red Hot" A10 w/ PDR, Nav, Carbon Fiber Hood insert, Carbon Fiber Dash Insert, Carbon Fiber Fuel Dior & Sun Roof. T/M T-Body, Roto Fab & Borla S Type.
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03-16-2017, 06:53 PM | #17 |
Drives: 2017 garnet red zl1 2022 AT4 HD Join Date: Nov 2016
Location: San diego
Posts: 115
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This is actually really interesting to know. I just applied for financing through gm so I can get all the current incentives and got pre approved. I haven't received figures yet, but I'm curious to see what apr they will offer me. I have purchased all my cars cash in the past but with this amount of money, I think it makes more sense to finance it at a low rate and try to invest that cash instead.
Who has actually financed with GM Financial and what APR's did you receive? |
03-16-2017, 06:56 PM | #18 | |
Drives: 2018 ZL1 A10/2018 GT350R #JR603 Join Date: Jan 2017
Location: Dublin CA
Posts: 819
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Quote:
Standard rates. 3.9% X60 months 4.9% for X72. They lease pretty well FYI. 60% residual. Money factor is 2%
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2018GT350R+2018 ZL1 "Red Hot" A10 w/ PDR, Nav, Carbon Fiber Hood insert, Carbon Fiber Dash Insert, Carbon Fiber Fuel Dior & Sun Roof. T/M T-Body, Roto Fab & Borla S Type.
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03-16-2017, 06:57 PM | #19 |
Drives: 2017 ZL1 Summit M6 PDR SR ECW Join Date: Feb 2017
Location: SW MI
Posts: 68
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Most dealerships cap what you can put on a card at 2-4K. If you want to put more they will charge you the fees they incur, usually anout 3-4%, so not worth it. Many dealerships have signs posted to that effect, and use the credit cards just as a way to get a deposit while you are in the building.
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03-16-2017, 06:57 PM | #20 |
Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009
Location: Tampa
Posts: 5,110
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I plan to put 10-12k down, get a 5 year loan and pay it off in 3. When I first looked at rates there wasn't any benefit to go 4 or 3 years. At least if I do 5years and something comes up I am not forced in the higher payment.
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Sold 2012 2LT RS 12.3@112 old setup
Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47** Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive |
03-16-2017, 07:01 PM | #21 | |
Drives: 2017 Hyper Blue A10 ZL1 Join Date: Dec 2016
Location: New England
Posts: 716
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Quote:
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- Life is a highway... I want to ride it all night long...
Sold 2010 997 GT3, 2016 WRX, 2006 997 C2S, 2003 996 C4S, 2001 Boxster S, 1997 E420 AMG etc.. |
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03-16-2017, 07:01 PM | #22 |
Drives: 2017 garnet red zl1 2022 AT4 HD Join Date: Nov 2016
Location: San diego
Posts: 115
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that makes sense? anybody persuaded into a down payment? since im not paying the car in full, i would like to do 0 down. Im not sure if dealers/financing even allow that for most people. I know its all in the negotiation. I told my sales rep I want to get figures with 0 down as an example.
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03-16-2017, 07:07 PM | #23 | |
Drives: 2017 Hyper Blue A10 ZL1 Join Date: Dec 2016
Location: New England
Posts: 716
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Quote:
Zero down is less of a negotiation play and more how does your income ratio match up with your debt for your house and this car. That and your credit score. In the old days, thay didn't want this monthly payment amount for both the car and the house to be over 38% of your income.
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- Life is a highway... I want to ride it all night long...
Sold 2010 997 GT3, 2016 WRX, 2006 997 C2S, 2003 996 C4S, 2001 Boxster S, 1997 E420 AMG etc.. Last edited by MoreSpeed; 03-16-2017 at 11:39 PM. |
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03-16-2017, 07:11 PM | #24 |
Drives: '17 ZL1 Join Date: Dec 2015
Location: Atlanta
Posts: 410
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I tried something similar to that at my dealership for the exact reasons as you, and it was a resounding no-go. I think you can put a little bit on your cc, but not that much.
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03-16-2017, 09:05 PM | #25 |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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Just going to spend the grandkids inheritance!
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Sip:
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03-16-2017, 09:09 PM | #26 | |
Quote:
Occasionally, they will let me put the extended warranty on the card if I get one.
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Clear Bra, Tint, Splash Guards, Ceramic Coating, Painted Spoiler and Rear Views
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03-16-2017, 10:01 PM | #27 |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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03-16-2017, 10:52 PM | #28 |
Drives: Fast Join Date: Mar 2015
Location: Michigan
Posts: 3,696
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Cash
Ok not as in Benjimans in a hard case, but instant full payment. |
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