Camaro finance rates....

[rray200]

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.

[UT-Engineer]

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.

[Zdrrguy]

Originally Posted by rray200

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.

I agree Ray, the rates are high considering others, so I know the feeling.
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.

[HeavyD]

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!

[rray200]

Originally Posted by Zdrrguy

I agree Ray, the rates are high considering others, so I know the feeling.
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.

Maybe the much higher gas prices due to HST might slow things down on a car like the Camaro. Plus, I've noticed a couple of dealers here in Ottawa that have a quite a few of them on the lot. The rate might come down, I hope.