Be careful and read the docs. Credit unions are usually a good alternative. However they don’t have to play by the same rules as regular banks and typically required a right to offset.. just an FYI
Luxury Autos 50,000+ | 3.15% | 84 Mos. |
2.19% for up to 60 months. 2.49% for 72 months and 3.29% for 84 months.
There's a place here with a good reputation for auto loans doing 1.89 for 36 months, but jumps quickly from there. 3.24 for 48, 4.79 for 84.
Can you share the source?
Sure, it’s SchoolsFirst Federal Credit Union.
The 2.96 is from the dealer? Not bad at all for 6 years.
Yup, aside from the initial attempted sucker rate no real complaints.
Sounds like the move is print off some advertised rates from banks/CUs and see if the dealer will match, and if not, go shop the banks/CUs. Because I'm lazy and dont want to fill out a bunch of credit applications if I can avoid it.
Basically. They can probably match most rates you can get, it's easier for you, and they get to make some money. Obviously, they're going to try to get whatever they can, but as long as you're prepared it'll likely turn out fine and save you some hassle.
