Hate being lied to.
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Junior User
Joined: Jul 2003
Posts: 88
Likes: 0
From: SF
Hate being lied to.
More than anything.... So I found somthing I like and a nice price, one manager told me the night before that with rebates I'd be paying 8% interest because that's as far as they can go no matter how good of a credit score.
Then finance manager tells me the next day that he knock off 2 bills of a 2k extended warranty , I laughed at that.
So a few hours later I'm back with my wife WITH rebates I can get it financed for 60 months at 3.9% but now finance can only knock off 100 dollars off the 2k warranty and nothing off maintenance plan.
Long story short, I walked out, I wanted that truck but damn I hate liars and crooked dealers.......
Then finance manager tells me the next day that he knock off 2 bills of a 2k extended warranty , I laughed at that.
So a few hours later I'm back with my wife WITH rebates I can get it financed for 60 months at 3.9% but now finance can only knock off 100 dollars off the 2k warranty and nothing off maintenance plan.
Long story short, I walked out, I wanted that truck but damn I hate liars and crooked dealers.......
Elder User
Joined: Apr 2004
Posts: 675
Likes: 0
From: Indianapolis, IN
Originally Posted by NoSlak
More than anything.... So I found somthing I like and a nice price, one manager told me the night before that with rebates I'd be paying 8% interest because that's as far as they can go no matter how good of a credit score.
Then finance manager tells me the next day that he knock off 2 bills of a 2k extended warranty , I laughed at that.
So a few hours later I'm back with my wife WITH rebates I can get it financed for 60 months at 3.9% but now finance can only knock off 100 dollars off the 2k warranty and nothing off maintenance plan.
Long story short, I walked out, I wanted that truck but damn I hate liars and crooked dealers.......
Then finance manager tells me the next day that he knock off 2 bills of a 2k extended warranty , I laughed at that.
So a few hours later I'm back with my wife WITH rebates I can get it financed for 60 months at 3.9% but now finance can only knock off 100 dollars off the 2k warranty and nothing off maintenance plan.
Long story short, I walked out, I wanted that truck but damn I hate liars and crooked dealers.......
Postmaster
Joined: Dec 2003
Posts: 3,130
Likes: 3
From: Massachusetts
I have never yet got financing through the dealer (excluding FMC) I have alway haggled and haggled to the final price....they wrote up a sales agreement and took that to my local credit union (great rates) and got the loan through them. The credit unions and banks have come along way with the terms and such to compete with the dealerships and FMC. I have great credit and have a rate of 4%. So I got the great rate and all the cash back stuff when I bought my truck.
Post Fiend
Joined: Feb 2004
Posts: 10,728
Likes: 1
From: Damascus-Boring, Ore
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Fleet Mechanic
Joined: Mar 2005
Posts: 1,462
Likes: 185
From: Dedham, MA
In MA, i've seen either a 500 or 1,000 rebate if you use FMCC. You may make out better in the end if you get finance through a different group, like Capital One or E-loans for example, at a lower interest rate than FMCC gives you. Especially true with not-so-good credit folks.
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Post Fiend
Joined: Feb 2004
Posts: 10,728
Likes: 1
From: Damascus-Boring, Ore
You may make out better in the end if you get finance through a different group, like Capital One or E-loans for example, at a lower interest rate than FMCC gives you. Especially true with not-so-good credit folks.
Depends- FMCC and GMAC will give rates like 12.99 to the really credit-challenged, about half what they'd expect to pay elsewhere. I'd spin that statement around- the rock-solid credit crowd will do better with rebate money and their local bank or CU.
Depends- FMCC and GMAC will give rates like 12.99 to the really credit-challenged, about half what they'd expect to pay elsewhere. I'd spin that statement around- the rock-solid credit crowd will do better with rebate money and their local bank or CU.
Fleet Mechanic
Joined: Mar 2005
Posts: 1,462
Likes: 185
From: Dedham, MA
I respectfully disagree with that polar. My brother financed an Audi through Capital One 6 months after filing for bankruptcy (in good shape financially but bad business contract forced it). The dealer would not even touch him, but Capital One gave him 13%. I would say he was severly credit challenged. Worst comes to worst, you finance through FMCC at a higher rate, pay off almost a years worth, and then refinance through these other groups. Only problem is a lot of refinances carry hidden fees or add 6 months onto your loan term. Sneaky so & so's...
Post Fiend
Joined: Feb 2004
Posts: 10,728
Likes: 1
From: Damascus-Boring, Ore
Yep- the key word in that last statement was "depends." Because of State banking regulations, you'll see different lenders operating in a variety of states. Out here, we're seeing horrific rates (25%+) in the sub-prime lending market, although money's readily available.
Fleet Mechanic
Joined: Mar 2005
Posts: 1,462
Likes: 185
From: Dedham, MA
I cannot imagine financing a new car at 25%. I can't even imagine credit cards with a 25% finance charge. I guess it you're desperate for credit rebuilding, then you gotta take the hit. And the scary thing is how eager these banks are to trust their money to people.