- #3 of 19
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Re: New Vehicle Financing: What Rate Can I Get? [kirstie_h]
by jchan2
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Nov 04, 2006 (8:12 pm)
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Replying to: kirstie_h (Oct 16, 2006 5:19 am)
If your credit rating is stellar (like mine) then a lot of the time it pays off to shop around for a great car with a great financing deal on it- the last car I financed was my 2004 Infiniti I35, at 1.9% APR for 36 months, which was far below the rate I would have paid if I had gone to my local bank for financing. (I still have about 1 year and 3 months on my loan)
If you can afford the higher payments, it pays to only have a 24 or 36 month loan as your rates will be lower and you will be less "upside-down" because of the shorter loan term.
If you're a savvy negotiator, I recommend looking for a car with a great financing rate AND some dealer marketing support. When negotiating, you can walk away with a larger discount.
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- #4 of 19
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who has the best rates for used or new cars?
by casolorz
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Oct 16, 2007 (5:24 pm)
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I am assuming I won't be getting manufacturer financing, who should I try to finance with?
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- #5 of 19
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Re: who has the best rates for used or new cars? [casolorz]
by joel0622
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Oct 17, 2007 (7:38 am)
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Replying to: casolorz (Oct 16, 2007 5:24 pm)
Capital One. They have a very aggressive online financing dept as long as your beacon score is at least 520.
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- #6 of 19
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Re: who has the best rates for used or new cars? [joel0622]
by casolorz
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Oct 17, 2007 (8:17 am)
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Replying to: joel0622 (Oct 17, 2007 7:38 am)
I noticed that from the costo site the capital one rates are better, is that true? we don't have a costo in town though.
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- #7 of 19
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Re: who has the best rates for used or new cars? [casolorz]
by joel0622
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Oct 17, 2007 (8:29 am)
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Replying to: casolorz (Oct 17, 2007 8:17 am)
You don't need a costo (whatever that is) to finance with them. Just go here cap one and apply. Now if your credit is a little weak which I am assuming it is due to the fact you think you can't get financing at the dealer (the easiest place to get it)don't think you will get the published rate on there site, it will be higher.
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- #8 of 19
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Re: who has the best rates for used or new cars? [joel0622]
by casolorz
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Oct 17, 2007 (9:06 am)
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Replying to: joel0622 (Oct 17, 2007 8:29 am)
We have credit on the mid 600s, but from what I have read honda financing (trying to get an acura) is pretty picky.
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- #9 of 19
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Re: who has the best rates for used or new cars? [joel0622]
by greanpea68
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Oct 17, 2007 (9:24 am)
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Replying to: joel0622 (Oct 17, 2007 8:29 am)
You don't need a costo (whatever that is
Costco is the same thing as a Sam's Club.
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- #10 of 19
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Re: who has the best rates for used or new cars? [greanpea68]
by casolorz
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Oct 17, 2007 (9:37 am)
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Replying to: greanpea68 (Oct 17, 2007 9:24 am)
Yeah but sams doesn't seem to have rates as good as costo, of course I have a sams card cause there isn't a costo in town.
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- #11 of 19
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Re: who has the best rates for used or new cars? [casolorz]
by joel0622
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Oct 17, 2007 (9:41 am)
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Replying to: casolorz (Oct 17, 2007 9:37 am)
You are basing things off of there best published rate though. If there are some discrepancies in your bureau those published rates may be useless to you.
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- #12 of 19
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Press Request
by KarenS HOST
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Feb 11, 2008 (2:43 pm)
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A national newspaper is looking to speak to consumers who have had a tougher time getting a car loan recently. Please respond no later than Feb. 15 with your daytime contact information to Chintan Talati at ctalati edmunds.com.
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![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
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