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

Dakota Kid · 02-10-2009, 10:51 AM

Sorry if this has been asked before, but is GM gonna do any kind of 0% or low interest financing on the Camaro?

Or will we likely have to wait till year two?

TomServo · 02-10-2009, 10:53 AM

Highly unlikely at first. If the Camaro is going to be selling like hot cakes there is no reason for them to offer incentives.

Now if sales tank after the inital pre-order rush, then they may have to.

Dakota Kid · 02-10-2009, 11:40 AM

Quote:

Originally Posted by TomServo

Highly unlikely at first. If the Camaro is going to be selling like hot cakes there is no reason for them to offer incentives.

Now if sales tank after the inital pre-order rush, then they may have to.

I agree. Just wanted to check in here to see if anything was shaking.

Stingr69 · 02-10-2009, 12:39 PM

I got a 0% email yesterday from GM but it was on "selected" models (not Camaros) :(

If 0% GM lending is available when I get to the lot, I would do it but even if it is not, we can get great loan rates from alternate lending sources.

-Mark.

TomServo · 02-10-2009, 12:56 PM

Quote:

Originally Posted by Stingr69

I got a 0% email yesterday from GM but it was on "selected" models (not Camaros) :(

If 0% GM lending is available when I get to the lot, I would do it but even if it is not, we can get great loan rates from alternate lending sources.

-Mark.

PFCU is offering 3.99% right now.

Dakota Kid · 02-10-2009, 01:01 PM

Pentagon? Damn I closed my acount with them.

I will check with Service Federal CU..still have one with them.

Dodge is tempting me with the Challenger 0%!!!!

scomaro22 · 02-10-2009, 02:08 PM

I keep seeing that people are looking to go through credit unions instead of going through GM, or whomever they use. Is it smarter to go through a credit union ?? I never even gave it a thought till i read it here. What are the benefits of going through a credit union ??

vsgls1 · 02-10-2009, 02:10 PM

Quote:

Originally Posted by scomaro22

I keep seeing that people are looking to go through credit unions instead of going through GM, or whomever they use. Is it smarter to go through a credit union ?? I never even gave it a thought till i read it here. What are the benefits of going through a credit union ??

Check the rates at you local credit unions then compare them to local banks...

DDustiNN · 02-10-2009, 08:47 PM

Does anyone know any Metro-Detroit-area credit unions or banks that are offering a really low interest rate? I live in Canton, and work in downtown Detroit.

Thanks in advance!

Txturbo · 02-11-2009, 06:26 AM

Its usually easier to get a loan through a credit union and they usually have better rates. Would probably be easier for the younger people with little or no credit history to go through a credit union. And...most of them offer Supplier Pricing. Mine does and my dealership said they would honor it if GM allows it on the Camaro. Go to this GM website and sign up. There will be a place to choose your state and it will give a list of credit unions that offer the supplier pricing with GM.
https://www.exclusivegmoffer.com/ip-...do?program=cud

EllwynX · 02-11-2009, 07:07 AM

Quote:

Originally Posted by Txturbo

Its usually easier to get a loan through a credit union and they usually have better rates. Would probably be easier for the younger people with little or no credit history to go through a credit union. And...most of them offer Supplier Pricing. Mine does and my dealership said they would honor it if GM allows it on the Camaro. Go to this GM website and sign up. There will be a place to choose your state and it will give a list of credit unions that offer the supplier pricing with GM.
https://www.exclusivegmoffer.com/ip-...do?program=cud

I've never been a member of a Credit Union, but I checked that out just to see what was listed around me. Surprisingly there were some literally within 3 miles of where I live. And my ex-fiance' is a manager of one of them... So joining it would be easy enough.

So you're saying that if someone is a member of one of those credit unions, they can automatically get Supplier Pricing (if the Dealer will accept it anyway)?? Do you have to finance through the credit union to get it, or can you use other financing options?

EDIT: I see at the bottom it says the discount is available no matter where you finance through. Interesting.

NAHURRY · 02-11-2009, 07:14 AM

:

Quote:

Originally Posted by EllwynX

I've never been a member of a Credit Union, but I checked that out just to see what was listed around me. Surprisingly there were some literally within 3 miles of where I live. And my ex-fiance' is a manager of one of them... So joining it would be easy enough.

So you're saying that if someone is a member of one of those credit unions, they can automatically get Supplier Pricing (if the Dealer will accept it anyway)?? Do you have to finance through the credit union to get it, or can you use other financing options?

EDIT: I see at the bottom it says the discount is available no matter where you finance through. Interesting.

same question here...and what exactly is "supplier pricing"

Txturbo · 02-11-2009, 07:21 AM

According to the info from my credit union, supplier pricing is 4.5% below MSRP. Yes....if your credit union is listed on that site you would be eligible for supplier pricing if GM allows it on the Camaro. Mine just says I have to be a member of the credit union, but doesn't say I have to actually finance through the credit union. My CU also has an Auto Dealer Direct program here in Texas. I just go to any dealership that is part of the program and tell them I want to finance through my credit union and they do all the paperwork for me just like I was using GMAC for financing.

Mr_Draco · 02-11-2009, 08:32 AM

Txturbo, do you know what kind of paperwork qualifies as proof that you're a member of that credit union? I can't find any info on this on that site.

02-10-2009, 10:51 AM	#1
Dakota Kid Drives: 2010 2SS/RJT/L99 Join Date: Dec 2008 Location: Springfield, MO Posts: 1,151	Financing Sorry if this has been asked before, but is GM gonna do any kind of 0% or low interest financing on the Camaro? Or will we likely have to wait till year two?

02-11-2009, 06:26 AM	#10
Txturbo Keeper of the Faith Drives: 2001 Z28 Agressively Join Date: Apr 2008 Location: Rosenberg,Texas Posts: 1,383 View My Garage	Its usually easier to get a loan through a credit union and they usually have better rates. Would probably be easier for the younger people with little or no credit history to go through a credit union. And...most of them offer Supplier Pricing. Mine does and my dealership said they would honor it if GM allows it on the Camaro. Go to this GM website and sign up. There will be a place to choose your state and it will give a list of credit unions that offer the supplier pricing with GM. https://www.exclusivegmoffer.com/ip-...do?program=cud __________________ 2010 Camaro SS R6P 2001 Camaro Z28 1969 Camaro SS clone

02-11-2009, 07:21 AM	#13
Txturbo Keeper of the Faith Drives: 2001 Z28 Agressively Join Date: Apr 2008 Location: Rosenberg,Texas Posts: 1,383 View My Garage	According to the info from my credit union, supplier pricing is 4.5% below MSRP. Yes....if your credit union is listed on that site you would be eligible for supplier pricing if GM allows it on the Camaro. Mine just says I have to be a member of the credit union, but doesn't say I have to actually finance through the credit union. My CU also has an Auto Dealer Direct program here in Texas. I just go to any dealership that is part of the program and tell them I want to finance through my credit union and they do all the paperwork for me just like I was using GMAC for financing. __________________ 2010 Camaro SS R6P 2001 Camaro Z28 1969 Camaro SS clone

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02-10-2009, 10:53 AM	#2
TomServo Drives: 2007 Z06 Join Date: Oct 2008 Location: Swansea IL Posts: 727	Highly unlikely at first. If the Camaro is going to be selling like hot cakes there is no reason for them to offer incentives. Now if sales tank after the inital pre-order rush, then they may have to.

02-10-2009, 12:39 PM	#4
Stingr69 '69 Owned Since '79 Drives: '69 Z/28 LeMans Blue w/White Join Date: Oct 2008 Location: LR AR Posts: 1,847 View My Garage	I got a 0% email yesterday from GM but it was on "selected" models (not Camaros) :( If 0% GM lending is available when I get to the lot, I would do it but even if it is not, we can get great loan rates from alternate lending sources. -Mark.

02-10-2009, 01:01 PM	#6
Dakota Kid Drives: 2010 2SS/RJT/L99 Join Date: Dec 2008 Location: Springfield, MO Posts: 1,151	Pentagon? Damn I closed my acount with them. I will check with Service Federal CU..still have one with them. Dodge is tempting me with the Challenger 0%!!!!

02-10-2009, 02:08 PM	#7
scomaro22 Drives: 2010 VR 2SS! ,'09 Genesis Join Date: Feb 2009 Location: D-town, PA Posts: 256 View My Garage	I keep seeing that people are looking to go through credit unions instead of going through GM, or whomever they use. Is it smarter to go through a credit union ?? I never even gave it a thought till i read it here. What are the benefits of going through a credit union ??

02-10-2009, 08:47 PM	#9
DDustiNN Drives: Cars Join Date: Feb 2009 Location: N/A Posts: 1,986	Does anyone know any Metro-Detroit-area credit unions or banks that are offering a really low interest rate? I live in Canton, and work in downtown Detroit. Thanks in advance!

02-11-2009, 08:32 AM	#14
Mr_Draco Drives: 2SS/RS Join Date: Sep 2008 Location: Western North Carolina Posts: 7,182	Txturbo, do you know what kind of paperwork qualifies as proof that you're a member of that credit union? I can't find any info on this on that site.