Got Approved from my Credit Union!

[Joebot8484]

Originally Posted by DangerouSS

That's a great rate, but I'd see if the dealer can beat it. If they know they have to beat your CU rate, you might be able to save a little more money. The best I can do with my Credit Assoc is 2.9% on 60 months. I PM'd another forum member who got 2.29% with GMAC, I believe.

I just did this yesterday, I got approved from my credit union then went to the dealer and they gave me a much better rate!

[strych9]

Dealer got me 2.42% @ 72 mos. I was pleased with that.

[grocerygetter]

first stab I just got offered 2.69 on 72 for my wife a car (not a ZL1...lol...ain't crazy). Negotiating now.
Two weeks ago rates weren't this good.

[Thyshallsmite]

Originally Posted by IcePick06

I'm super stoked because 2 years ago I had very $hitty credit and I've worked VERY hard since then to be able to boost my credit, pay off some debts, and be able to afford a car like the ZL1. At 27 yrs old, this is the 1st car I have every ordered and I'm glad I got a decent rate. They gave me 2.49% for 60 months

When i was house shopping my poor credit got destroyed thanks to all these damn banks doing all these hard checks on my credit, wrecked it hard. Note to all those looking at foreclosures and having to get approved with the bank that owns the house 1st, it f's up your credit hard. Went from like a 780 something to a like 640 all just from credit checks.

[redrocker]

2.9 on mine also....had to pay my truck off to get that rate...

[DangerZL1]

When I went into the finance office, the finance manager knew he had to beat my 2.9 rate. He offered me 2.66, or something close, but after a lot of negoating and insisting C5 members were getting in high 1% range, I was able to get 1.89% over a month ago on 60 months. If you have a great credit score and know what the market will bear, you can do better than their first offer. It's how they make more money off you, or how you can beat a standard offer from a bank or CU. If the dealer doesn't finance your purchase, the finance manager doesn't make anything off your car, so they have an incentive to work with you. This is the other part I hate about buying cars. The only way to avoid it is to pay cash. You have to stand your ground.

[Jordoom]

I got 0% for 72 months....only because they were running a deal on the 2011's. :-P

[brucedd]

Originally Posted by IcePick06

I'm super stoked because 2 years ago I had very $hitty credit and I've worked VERY hard since then to be able to boost my credit, pay off some debts, and be able to afford a car like the ZL1. At 27 yrs old, this is the 1st car I have every ordered and I'm glad I got a decent rate. They gave me 2.49% for 60 months

Tell the dealer to try to beat it. I was so surprized that I got 1.99 pre approved at the credit union for 60 months and the dealer beat it from several banks.

Use the sure thing to see if you might get even better!

Good luck!

[enk97]

The rate I got through the dealer ,but they use capital 1 was 1.54% for 60 months. I was very excited for that rate. It was almost too good to be true . But that was the rate.