What APR did the dealer offer you?

[shiftdown]

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?

 

[jonnywaffles11]

I got 4.9% today 72 months at the dealership. Refinancing ASAP

Jezus... Others said it before and I'll reiterate to look at penfed. They went up a bit but should still be a little under 3. Just made my first payment on a loan without a car in hand .. Let's see how many payments I make before it arrives from the lot of doom.

 

[TalsBW]

PNC Bank and it was with Sewell Houston

I asked them to look there too. I’m going to pay it off by next year (hopefully) but man…it still hurts.

 

[TalsBW]

Jezus... Others said it before and I'll reiterate to look at penfed. They went up a bit but should still be a little under 3. Just made my first payment on a loan without a car in hand .. Let's see how many payments I make before it arrives from the lot of doom.

I totally Want to but I also don’t want another hard credit hit.

 

[MookdocOE]

Wow, do people really finance a car 72+ months???

40yr mortgages too! LOL............................................................

 

[ajamils]

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.

How much down?

 

[Jameson's Viggen]

I did $23k down and went for a LONG loan per my wife's mental issue to have a payment UNDER $600 a month lol. We got a high rate of 4.25 or 4.5 and I will refince to get a sub 3.0 soon enough. I also paid $800 out of pocket for 3yrd wheel and tire, the only upsell worth it. With Metro Detroit roads, every ATS/CTS/CT4 has bent/fractured wheels and killed tires to pay for the insurance in the first year.

It was a THIRD car for me that she couldn't drive, so a deferred to her and her comfort level. Pick your battles.

I actually got $350 OFF the car thanks to them honoring MyCadillac Rewards points. I am now in the Platinum tier hehe. All it took was getting 6 Caddy's since 2018 lol.

 

[jonnywaffles11]

I totally Want to but I also don’t want another hard credit hit.

Yeah that's understandable. Though I stopped caring after my 7th or 8th hard pull trying to lock in a rate while waiting for my car. I just got an update from one of my banks that my credit score dropped 53 points from it. Thanks GM.

 

[shiftdown]

How much down?

About 50%

 

[Toothaiker]

I bought mine through my business, so the rates were much higher. Went with my primary business lender for 5.5% but Cadillac Dealer quoted me 7.7% at first! Paying off ASAP!

 

[Tall Steve]

I hate debt and like my 838 credit score to much to mess that up in any way!......

 

[shiftdown]

I hate debt and like my 838 credit score to much to mess that up in any way!......

What's the point of having it if you never use it? Like a Monk with a 10 incher

 

[TalsBW]

I hate debt and like my 838 credit score to much to mess that up in any way!......

100% this

 

[Tall Steve]

What's the point of having it if you never use it? Like a Monk with a 10 incher

Because you know it's there!!!!! I carry a lot of debt for approx. 25 days or so and then pay it off..... Charge everything to get the points and then pay it off........ I was not blessed with a 10 incher, only about 4", but its as big around as a tuna can, LOL....Oh hell, can I post that here???

 

[Matt27]

I had to do it myself to get 3.0%/60 mo at a local NJ credit union (their lowest).

First time auto loan (I'm young) and apparently that spooked some of the banks per the dealer finance guy. He had me at 3.79 for 60 through I think TD.

Picking up my 4BW on Monday.

 

[buzzyng]

We have 2.49% at the credit union at my wife's company. I'm locked in for 45 days so the car better come lol. I had 1.99%, but it expired 2 weeks ago

I had 1.49%. expired. then 1.99. expired. 2.49 currently

 

[GT325]

My CU rate lock was fixing to expire mid July. With my car stuck in the goat pen just re-locked. 1.74% for 60mo no payments first 3 months. If my car isn’t delivered by the time this rate lock expires (3 months from now) then I give up.

 

[Daijoubu]

What's the point of having it if you never use it? Like a Monk with a 10 incher

Exactly. I wish I was a lot younger when I learned how to use leverage and my credit to my advantage.

 

[Carguyshu]

Money factor on 24 month US Bank lease was .00280, which equals 6.72%. That is with perfect credit. Was worth it, though, since it will be a business use car and tax deductible. If bought outright that wouldn't be the case.

 

[Throat Yogurt]

Because you know it's there!!!!! I carry a lot of debt for approx. 25 days or so and then pay it off..... Charge everything to get the points and then pay it off........ I was not blessed with a 10 incher, only about 4", but its as big around as a tuna can, LOL....Oh hell, can I post that here???

If I can have this user name, then pretty much anything goes.

 

[Tall Steve]

If I can have this user name, then pretty much anything goes.

Self-deprecating penis humor is funny, but I'm a strange cat for sure!