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What APR did the dealer offer you?

shiftdown

Seasoned Member
Joined
Nov 16, 2021
Messages
144
Location
Seattle
V-Series Cadillac(s)?
'22 CT4 BW, '98 Lancer Evo5
On my previous C8, I went through the dealer initially to finance. I ended up with a 3.7% rate they farmed out to US Bank. I'm sure that includes .5% or so dealer add on. I've heard people have obtained some killer rates through GM Financial on other models.

My car is at 4B00 now, so I'm starting to look around for what's going go be the best bet. Inclined to put about 50% down for now. My own credit union has offered me 2.59% which is livable should nothing better come up.

Purchasing through Sewell, so if you have direct experience, that would be awesome. Not applicable to Military type credit unions or anything that would take special requirements. Just your regular jackass off the street :)

So, if you financed, what did you end up with for an interest rate?
 

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Joined
Mar 31, 2022
Messages
14
Location
Dallas, TX
Wow, do people really finance a car 72+ months???
You would be surprised; the average car loan length as of 2021 is 64 months (source).

I would gladly take a 72+ month loan if the APR was at 0% like what we were seeing during parts of the pandemic as it's borrowing money for free at that point, and even an additional dollar in a 1% savings account is worth more than a dollar in a car payment.
 

Bangerman15

Active Member
Joined
May 24, 2022
Messages
28
Location
Arizona
V-Series Cadillac(s)?
23 Ct4-V BW 6 speed on order!
Lowest APR I can get at my credit union, schools first federal credit union, is 2.49 for 36, 48, and 60 months. Other options are 2.64 72 months and 2.99 84 months.

No one ever beats them especially on their longer term rates unless there’s a special promotion incentive, but they’re one of those special credit unions servicing only people in education in California and their families.
 

shiftdown

Seasoned Member
Joined
Nov 16, 2021
Messages
144
Location
Seattle
V-Series Cadillac(s)?
'22 CT4 BW, '98 Lancer Evo5
Sewell ended up getting me 2.56 @ 72 and I took that. I might have saved a few fractions of a percent going with my CU, but can always refi in the future.
 

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