06-18-2010, 09:17 AM | #1 |
Drives: 2018 Camaro 2SS 1LE Join Date: Dec 2006
Location: Ottawa, Canada
Posts: 307
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Camaro finance rates....
Any chance the interest rates are going to go down anytime soon on the Camaro? The rate is like close to 6% on the SS's, making it a little too rich for my blood. Since I can't put a huge amount down on the car, the interest rates are key for me to fit it into my budget. The lease on my Acura is ending in a couple of months. Any chance the rates come down on the Camaro within that time? If I try to get one now, I'm looking at payments that are like my mortgage, and I can't justify that. I really want this car. But not if it means that it puts me in a big hole each month. My second choice is the Challenger, which is offering a great 2.6 % interest rate, and the third choice is the Hyundai Genesis coupe 3.8 GT, which is offering 0% financing and is a great car. But I love the Camaro SS and want it more. But the rates need to be lower, or I can't do it.
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06-18-2010, 09:22 AM | #2 |
Just Cruisin'
Drives: 2010 Synergy Camaro Join Date: Mar 2010
Location: San Antonio, TX
Posts: 1,224
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Are u financing the car through the dealership or your bank? I had the dealership quote me at 6% +/- or so... Then i went to my bank and they gave me a rate at 4.5%. Needless to say once i showed the dealership they matched my banks rate and went with it.
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2010 Synergy Green Camaro
25% Tint - CGM Painted GM GFX - 20" Niche M102 Wheels |
06-18-2010, 06:21 PM | #3 | |
Resident "Fbody" Member
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Quote:
We too just paid off Kellys car but the rates are steep unless we put a huge dp. I asked that question last week and I got the answer I expected which was NO but GM might decide to change that if things start to slow down which I dont think will happen.
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CCFBG-1 1991 Camaro RS Phantom Grey/CCFBG 2-2010 2LT RS Black on Black Mark....President/Founder of www.CCFBG.com |
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06-18-2010, 06:37 PM | #4 |
Drives: 1SSRS RY L99 Join Date: Aug 2009
Location: Ontario
Posts: 1,329
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I purchased mine 1/2 a year ago, so I am sure the numbers are different today. But my local dealer offered me 5.99% for 5 years, 6.99% for 6 years at the time through GMAC. I was in the same boat, to expensive. I emailed every dealer in a 100KM radius. I got several replies back. Basically the dealers either used GMAC or TD Canada Trust for their financing. The dealers that had access to TD had rates of 4.5% for 5 years, 4.9% for 6 and 5.7% for 7 years! I took the emails back to my local dealer and got the GMAC down to 4.9% for 5 years, which I accepted. Try that and shop around if you can!
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06-22-2010, 08:26 AM | #5 | |
Drives: 2018 Camaro 2SS 1LE Join Date: Dec 2006
Location: Ottawa, Canada
Posts: 307
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