I looked at doing this when I purchased, but to get the rebate you had to make a minimum of 6 payments, and the interest on those payments nearly equaled the rebate.
Haha, I didn't really want a loan either, but Chrysler offered 0% for 36 months, so why not?
Dealership told me there was no minimum, but to make about 4 so that they didn’t get penalized
Just purchased a 2018 JL Sport for my daughter from AUTOMAX...decent price and 1.75% financing...credit rating of 830+.
I never let the dealership secure financing for me and I have a excellent relationship with my dealership, been using them for past 18yrs. I go on with my financing in hand and tell them what I want to pay for the vehicle. About 90% of the time I get my way. I only paid $37,100 out the door for mine in February 2020 brand new.
I did the same 72 because the difference between 60 and 72 was .5% ... I ended up getting a proposed rate of 2.04 % and I'm perfectly happy with that.
If you have the $$$ you might could save more than you realize by changing you're deductible to 500 or even better 1000. You might have to pay very small issues out of pocket , but you wouldn't really want to make a claim on them anyway so you rates wouldn't increase or ultimately get dropped...... major damage, pay $1000 and save on your monthly policy payment.....
your score can actually drop from paying everything off. As stated, it's your history and positive payment record to include debt(used credit) to available credit ratio. Once you pay off an account, it usually gets dropped "think closed account" . Once this happens, the paid/closed accounts to not help your score because they are removed from your report. If you are trying to increase your credit score, it's worked best for me to have a lot of unused available credit and several open recurring accounts and making ontime payments to them. I'm not an expert, but I have at one time had a lower credit score(600s) and by doing what I mentioned , now (830+). I did get 2 points knocked off from the inquiry for the Jeep loan.. kinda peeved me lol.
What about buying additional extended warranty coverage, every vehicle purchase I've made had a pretty hard up sale once going into the financing office.... Last time I was sold "$1.00" one dollar over cost supposedly. Do you need an additional extended warranty ? Can you not buy it directly from the FCA at the same or better price ? I know I get a ton of calls when my warranty is ending to renew it and it's usually cheap to do... thought ? negotiating tactics ? My dealership is Gupton and I have read others did not get pressured or upsold.... just hasn't been my experience.
I can say that I have seen the same problem, my phone, water, electric and C.C. payments are not reflected on my credit score. I got them linked to my credit score then the "Bank's / Credit Union's" changed it so that credit check company's can only view limited times and way's. Which is screwed for many 2 house's, few vehicle's, land purchase paid off, boat, 4wheeler, over priced computer all paid off with out late payments. On top of the above things. Something the "helped" my credit score was a S##### thing 12k in medical expenses that I had to drop on C.C. and pay off. The good was I got that C.C. when I had a business in KY in early 90s but the limit had been reduced due to limited use and interest rate raised due to the said things too. ?
