Loans

[ShadowsPapa]

before i went to the dealer to sign the papers, i answered one of the many offers i receive daily for car loans, i had worked with this bank on other paid loans, filled out the application and was instantly "pre-approved" for a very good loan rate ... the dealer had also checked for a loan thru one of their banks .... they offered me 4.5% for 6 yrs .... my bank was 2.7% for 6yrs ... they asked IF they could beat my bank rate would i use theirs .. of course IF i liked their bank ... a major bank came back to the dealer with 2.3% for 6yrs, so i used their bank .... kinda funny they managed to beat my pre-approved loan rate .... hehehe .. all is well, buyer beware!!!!

It sure didn't hurt you to ask - in fact, it saved you some money. That question was time well spent.

Too many just accept what is shown them, and they often rely on that. I do find it interesting that when I bought my Chevy in 2011, and the last time we financed my wife's Jeeps, the dealer showed us a screen and asked who we banked with - and he found them in the list. He never even mentioned anything specific, it was all our choice. Other times years ago they just said "here's our rate". Even if you do that, read the fine print and if there's nothing against early pay-off, you can always refinance in a few weeks.

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[lianne]

I ordered through Koons so either you use Chrysler Capital or you pay an extra 1k... at least for the first three payments they say.

 

[WhyNotJeep]

So I get a loan for 2% and leave money in the bank earning almost nothing getting beat by inflation at 5+%. Might as well just write one check and be done with it.

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