Quote:
Originally Posted by DkknightX
even with perfect credit and a good income. 7.1% on my Camaro with $25K down is downright disgusting. I wanted to punch that finance manager when she gave me my options. Unfortunately if I wasted time looking for banks, I may have lost the car. People that should be able to manage payments on this car, suddenly cannot because of those people that shouldn't. I can stomach it, but it sucks.
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If you have perfect credit and good income (and low ratios), there's no reason why you should be paying 7.1%. You can refinance your loan with places like Pentagon Federal (
www.penfed.org) @ 3.99% right now.
I have purchased 3 new cars since Nov and have no issues with finding cheap money.