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Old 08-27-2006, 07:36 PM   #15
KILLER74Z28
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Quote:
Originally Posted by birdy233
That is never going to happen. I'm a loan officer at a bank by trade, here is how it's going to break down:

$30K sticker + TTL, no down payment = $662.15 for 60 months
$30K sticker + TTL, no down payment = $571.96 for 72 months
$30K sticker + TTL, $5K down payment = $561.37 for 60 months
$30K sticker + TTL, $5K down payment = $484.90 for 72 months

I'm think pricing wil be more around $32K for a nicely equipped Camaro, no money down:

$610.79 for 72 mo
$706.29 for 60 mo

For $400 a month you'll need the camaro to sticker as you want it for no more than $30K and put down almost $13K for 60 months and that puts you at $403.30 a month.

Plus a ZL1 would be a more limited number car like the Shelby Mustang is, figure $45K and you know the dealer WILL mark that car up easily $10K-$20K so say $55K for 72 months=$1048.60

Anyone that thinks Chevy will sell a 500hp Camaro for under $40K and the dealer not mark that up at least $10K I would like to place a wager right now, I need to add to my down payment, and I will. Just look at the Shelby Mustang....the same deal......Any takers???
Thanks Birdy, now we all know how much we are going to need to save to keep the payments down. Also, be careful on your bet I know of more than one person who paid MSRP for their GT500. You just need to find the right dealer…
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Old 08-28-2006, 12:14 AM   #16
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birdy223, how about some helpful hints when trying to get the lowest APR? What do you suggest we do? I bank w/ USAA who offered 6.0 APR on my new veh loan. The dealer said USAA couldn't touch their 4.4 APR. USAA asked if that was the lowest they would go. Dealer said yes. USAA agreed to match it. Then, dealer offered to go lower, but USAA held theirs at 4.4. You have any tips that could get us into a lower APR???
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Old 08-28-2006, 02:17 AM   #17
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wow I like usaa. they give you money back for using your atm card. lol. ok that was a little off subject. tag I take it you are in the military.
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We do not want to use the Z28 moniker on a car that does not deserve this hallowed name.
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Old 08-28-2006, 06:53 AM   #18
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The number one way is good credit, if you have good credit, then you can shop around and get the best rate.

Considering that auto loan rates are tied to prime which currently is 8.25% and we don't know what prime rate is going to be 2 years from now. Currently the nationwide average is 7.50% for a 60 month loan with good credit. You can pick up a few discounts from your local bank for auto draft and having a checking account.

Our current rate at the bank I work at is 8.24% with .50% discounts for auto pay/checking account which drops it down to 7.74% Ours is higher compared to others. One of the lowest rates is Capital One, they are at 6.69% for a 60-72 month loan

Granted, some dealers have special rates from the factory, but those are for the slow selling models so don't expect a 1.9% on a Camaro. If we can get a 6.0% rate 2 years from now when interest rates have been on a steady climb, we would be doing good at 6.00%

$30,000 for 60 months @ 6.00% is $579.98 a month
$30,000 for 72 months @ 6.00% is $497.19 a month
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Old 08-28-2006, 07:26 AM   #19
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i think the camaro is going ot be priced about the same as the gto is now( for the v8). v6 probably around 19-25,000. i remember a couple of months ago someone form gm said that the camaro would be around the same price range as when they stopped making it in 02. and to get an ss in 02 was about 32-33,000. that seems like a reasonable price for the car
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Old 08-28-2006, 07:30 AM   #20
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that pisses me off when people are like that and say "bla bla bla this car is goign to be precisely 45-50k" bull$hit. it will never ever get to be more than a vette. you can buy a base model vette at 42,000 brand new. the camaro will never top that fully loaded unless it has a 427 in it maybe. that guy needs to hang himself especially since he was trying ot price a car that wasnt even decided on being made yet.............. and the big thing is that you dont even know what the car looks(exactly) like or what kind of options its going to have.
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Old 08-28-2006, 09:14 AM   #21
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I agree that I see a loaded V8 Camaro around $32K But if they produce a limited number of a 500 hp Camaro's, it will be at least $42K to match the Shelby Mustang (in two years expect at least a few thousand more than that), and although a very very very small number of people may get one at MSRP you know most dealers will gouge the heck out of it.
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Old 08-28-2006, 01:42 PM   #22
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Here is what my Credit Union offers:

VEHICLE LOANS

Automobiles, Trucks and Street Motorcycles

New (2005 - 2006) Term APR

36 Months 4.99% - 7.49%*
48 Months 5.49% - 7.99%*
60 Months 5.99% - 8.49%*
Up to 72 Months** 6.49% - 8.99%*
Up to 84 Months** 7.49% - 10.99%*

*Rates quoted are based on individual member credit history and are set during loan processing.

**$20,000 minimum amount financed

***Borrowers may be eligible for a .125 to .50 rate reduction based on Loyal Member Rewards.

****Longer amortization terms are available as follows for .25% rate increase:
120 Months for loans up to $19,000.00
180 Months for loans above $20,000.00
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Old 08-29-2006, 12:58 AM   #23
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Those are pretty good rates..especially for the shorter term loans.

This is why I like USAA so much. Check out these rates.

We offer competitive fixed and variable rates1 as low as:

Annual Percentage Rate (APR)


Loan Type New Car Used Car or Refinance
Less Than $15,000 $15,000 or More

=36 Months
Fixed 5.34% 6.94% 5.34%
Variable 6.14% 7.09% 6.14%

=48 Months
Fixed 5.99% 6.94% 5.99%
Variable 6.14% 7.09% 6.14%

=60 Months
Fixed 5.99% 6.94% 5.99%
Variable 6.14% 7.09% 6.14%

=72 Months
Fixed 5.99% -- 5.99%
Variable 6.14% -- 6.14%

APRs are effective 08/08/2006

The rates displayed are special Internet rates for borrowers with good credit who apply online and select the automatic payment plan.
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Old 08-29-2006, 06:21 AM   #24
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we got to also remember interest rates will probably change between now and the time this car comes out.

oh and the one thing i don't like about usaa is the fact they don't have an actual branch. no way to deposit money from a check with out mailing it to them. sucks.
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We do not want to use the Z28 moniker on a car that does not deserve this hallowed name.
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Old 08-29-2006, 08:07 AM   #25
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i hope my credit union doesnt have a minimum of 20,000 for a loan i was planning on putting 20k down and financing the rest of the 10-15k
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Old 08-30-2006, 06:41 PM   #26
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Quote:
Originally Posted by boxmonkeyracing View Post
we got to also remember interest rates will probably change between now and the time this car comes out.

oh and the one thing i don't like about usaa is the fact they don't have an actual branch. no way to deposit money from a check with out mailing it to them. sucks.
Now that depends on where your from. They should have one out in Cali, I think. But the main branch is here in San Anotnio. I can walk right in the doors and get any sort of business taken care of. No, they don't have branches out in all other cities. Sux for others, but it's still just about the best bank anyone could go with.
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Old 08-30-2006, 10:43 PM   #27
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Does GM have a certain pattern regarding releasing pricing on cars it just approved for production? Or is it random from car to car? Trying to get a sense of when we might see actual pricing information (probably pretty far off)?
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Old 08-31-2006, 06:34 AM   #28
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yeah the price does kinda change depending on the package the car has. they already said it was going to be affordable for a younger gen. which means probably the same as the gto maybe a little more for a car with more options on it but it just depends on what kind of options the car you want has
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