Any bankers or interest rates knowledge?
08-18-2003, 03:53 AM
#11
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I'm financing right now for 60 months. However, I just leased the car last year in 02'. It was a 01' leftover. So I haven't really began hitting the principle yet. Or have I?
Chris
Chris
08-19-2003, 04:02 AM
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I leased it but am looking to finance it now. I was going to wait a couple of years to get it to a reasonable payoff, and then finance it. Maybe one more year.
Chris
Chris
08-19-2003, 06:54 AM
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Just happen to be a banker....Home Office in Alabama but we do business indirectly in 20+ states...02 - 03....financing over $30k
as low as 3.24% on 60 months...highest is 3.45% also 60 months
Of course this is a purchase, not a lease.....Hope it helps.
as low as 3.24% on 60 months...highest is 3.45% also 60 months
Of course this is a purchase, not a lease.....Hope it helps.
08-19-2003, 07:05 AM
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[QUOTE]Originally posted by LandJet
[B]Just happen to be a banker....Home Office in Alabama but we do business indirectly in 20+ states...02 - 03....financing over $30k
[B]Just happen to be a banker....Home Office in Alabama but we do business indirectly in 20+ states...02 - 03....financing over $30k
08-19-2003, 03:48 PM
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vr? you should really read the terms and conditions of your lease... you're probably going to be VERY surprised by the fact that you can't just "refi" it. chances are that in order to stop the lease you'll have to pay the remaining payment that include the interest charges.
08-20-2003, 04:24 PM
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be careful. what your saying doesn't make any sense to me. lease don't have a payoff that is anything lower than the residual PLUS remaining payments PLUS acquisition fee.
it sounds like you're gonna get screwed.
it sounds like you're gonna get screwed.
08-20-2003, 07:16 PM
#19
Here in Atlanta some of the area dealers are advertising $0 down and 0% financing. This is great but it's not sponsored by the manufacturer, it's a "buy down" rate. This means that they won't deal on the car as much because they use part of thier profit to get the better interest rate. For instance, I would not be able to buy an S2000 for much under MSRP because of the "buy down" rate they are offering. This is just another incentive gimmick to get people into the dealership. My advice to everyone is to look at the big picture, not just the interest rate.