Where to finance these days?

[nolanryan]

I’m looking to finance a $70k vehicle with $30k down. Scores are 775-800. Any go to places for best rates that everyone is using these days?

[hegemony]

10 hours ago, nolanryan said:

I’m looking to finance a $70k vehicle with $30k down. Scores are 775-800. Any go to places for best rates that everyone is using these days?

I would check the CUs you're a member of and perhaps bankrate. A lot will depend on the term you want to carry.

 

Patelco will run a pre-qual if you want to see what it'll offer you. https://apply.patelco.org/nextgen#/flows/consumerloan/cmr-personal-info

 

 

[centex]

What make of vehicle?  Sometimes the captive IS a viable option...

[hegemony]

7 minutes ago, centex said:

What make of vehicle?  Sometimes the captive IS a viable option...

true.

 

Also, if you find a good rate at a CU, consider CUDL to avoid being shotgunned if that is a concern.

[nolanryan]

1 hour ago, centex said:

What make of vehicle?  Sometimes the captive IS a viable option...

Chevrolet 

[centex]

1 hour ago, nolanryan said:

Chevrolet 

Ugh.

 

Based on some of Marv's comments on other threads, I would HIGHLY recommend you begin by asking the F&I guy or gal if they will take a check from another lender.  Some are not willing to do so...with inventory shortages, they have the upper hand. 

 

That said, if you auto-enhanced score is actually where you claim it to be, you would likely be Tier 1 and qualify for the best rates through the captive, so I would check on that before doing ANYTHING else.

[nolanryan]

I ended up financing with American Airlines Credit Union. They has the best rate as far as I could find

 

61 to 72 months at 3.75% and an additional .25% discount if you do auto draft.

 

Just sharing for others if needed.

[centex]

On 11/10/2022 at 11:36 PM, nolanryan said:

I ended up financing with American Airlines Credit Union. They has the best rate as far as I could find

 

61 to 72 months at 3.75% and an additional .25% discount if you do auto draft.

 

Just sharing for others if needed.

Since it appears you are only financing $40K (given the reference to $70K with $30K down), please tell us you intend to have this paid long before the fifth year has even come to a close...it makes no sense to drag a small purchase out to anything longer.