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Smart Shopper Questions About Financing New Vehicles
2253 messages, Last post on Nov 18, 2009 at 12:07 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (Aug 13, 2007 9:09 am) cause the poster said the car was $1k more than pre-approved for through the bank.
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Replying to: qbrozen (Aug 13, 2007 10:44 am) |
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Replying to: qbrozen (Aug 13, 2007 10:43 am)  I tried the "I'm going to just bring the vehicle back" they still want me to come in and talk to them. I am supposed to go in tonight. I told them there was no way I was signing at a higher interest rate so if they wanted my check they better get the price down by $1,000. I have read all the paper work and I cannot find anywhere that says "interest rate is subject to loan approval". If I signed anything that said that, they did not give me a copy.
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Replying to: hmeadows (Aug 14, 2007 8:56 am) yup. Once you get there, you will find yourself on their terms and subject to their will. |
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Replying to: hmeadows (Aug 14, 2007 8:56 am) Maybe call your bank, explain the mess you are in, and aske them if they could bump your approval an extra $1000. YOU DO NOT want to go back to the dealer, and be on their terms, and at their mercy. |
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Replying to: tidester (Mar 28, 2007 4:07 pm) |
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Replying to: mb789 (Aug 16, 2007 9:55 pm) tidester, host SUVs and Smart Shopper |
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When you apply for financing directly with Chrysler Financial, do they disclose with you first the interest rate you will receive, or do they just forward your information to a dealer? I want to know I'm getting a true best interest rate and not a markup rate. One time when I bought a Jeep, I went over the figures on the phone with the owner (I had been there once looking at a different Jeep, but didn't buy it), and for the Jeep I was interested in, verbally agreed on all the figures including X interest rate based on my credit score, which was in line with current rates. But the next day, when I showed up at the dealership, he said, good news, I can get you X (littler bit LOWER) interest rate. I was suspect because I'm sure he wasn't just being nice because I drove like 20 miles to get there to a bad part of town, etc. So after examining the paperwork and comparing figures to what we had discussed the night before, and being satisfied, I bought the Jeep anyway, and I was very happy with it (wish I still had it, but that is another story. . . ) Anyway, I plan to get my credit report, then probably apply at a regular bank/credit union before I apply with Chrysler Financial. I had Chrysler Financial on the Jeeps I've had, and I was very happy with their service and online payment process, and wouldn't mind having them again, but I just want to make sure I get the best interest rate I deserve without dealers getting in the middle first. Once I have my credit report, what is the best way to go about interest rate shopping without applying to 2 or 3 financial places? Just call them and ask for rates? I don't trust the accuracy of interest rates listed on some interest rate web sites, and not all banks list their rates on their web sites. Thanks for any advice.
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RE: The Jeep I used to have. No, it did not meet a bad end or anything like that. In case anyone is wondering, after a few years, I traded it in for a Subaru. Subaru is fine, but I want to have a Jeep again sometime in the future. Will not buy from the Subaru dealer again. We have only two Subaru dealers in the general area, and I don't prefer either one. |
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Replying to: mb789 (Aug 16, 2007 10:32 pm) |
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