so last night i was at the dealer, looking at a New '07.
i just want to know what kind of rates u guys got.
im buying the car with tier 1 credit at around 790,
we went to financing, and the guy said the rate is
8.54, i stopped him and said, no thats impossible.
so he magically made the rate go to 7.9.
when i asked how that happened, he play politician
and basically ignored the question. after yelling at
him for 20 minutes he sent it to a bank and got back
5.54%. do u guys think thats a good apr?

 

Not bad but not good either. With that kind of credit rating, you can get an easy 4.99 from a credit union.

 

new 07? really? Still?

 

its around 790

 

i was a first time buyer with my credit rating being close to 700, i got a 7.15% apr. then again that was in 2007

 

Like I said, with a 790 you should have no problems with somebody like Pentagon Federal. Look here for 3.99% even for used cars:
https://www.s2ki.com/forums/index.php?showt...&#entry15418833

 

He was trying to hold the rate to make money from the bank. Usually the dealerships get lower finance rates then you would be able to from your own bank since they do so much business. Thats another way the make money off you.

I used to sell cars for a Honda dealership sneaky bastards lol

 

They wanted to make money on the back end of the loan. With a similiar FICO score my S was @ 4.9% (bought in 2005) and the Evo I just picked up is 0% for the life of the loan

 

i sold cars for nissan, i know what they do with the %.
i personally sold a car with around 6% more then what the bank gave.
thats what i want to avoid.
whats rates that u guys have gotten for ur S?

 

damn that was a good deal! how long is the term of your loan though? because for my 7.15 i was being financed for 6 years