mogrefy

Without the dates of when the loan was granted many of these numbers are useless. For example, my credit union was stating APRs from 4.5 a few months ago now they quote from 5.49 (comparing 60 month loans here, A credit rating)... interest rates have gone up.

ES3

Many credit unions will compete for your business, I got a 3.9 rate for 36 months, with little effort! Shop around, you may be surprised!

kensteele

Can't you send the blank check back to Cap1 and tell them you need a real check, with the $$$ amount printed on it?

I'm not sure if it is Cap1 the bank or it is simply the fact that the check is not like a real check since it isn't completely filled in as to the reason some dealerships might not take it.

If I think real hard, I can probably find a few reasons why dealerships might be hesitant to take blank checks. But only a few...

agntdrake

I got 5.0% APR / 60 Months from Stanford Federal Credit Union. They did the convience cheque thing which I payed part of it with and used a personal cheque for the rest.

AntLexus

Lexus financing
4.75%/60 mos.

Lem144

when did you get this?

I have to give up my car because i dont want to pay 8% interest.

mcfly

The APR you're offered depends in large part on your credit score. The other main factor being the current prime rate. So right now, people with very good credit scores are typically getting high 5's and low 6% rates. If your credit is less than perfect, your rate will be worse.

The only reason you got an 8% rate is either (a) your credit isn't so good, or (b) you accepted the first rate you were offered without either shopping around or putting in some effort to get a lower rate.

That being said, it's often cheaper to eat a higher rate for a while than to sell a car and buy another because you're going to end up paying tax again, etc.

unit74

iTrader: (3)

As quoted today from the dealership, I have a 756 FICO and my wife a 740 on Trans Union. With his comment of "You guys have excelent credit" Lexus Financial would not match our 5.7% from Capitol One. Best they could do was 6.25%...............and rates are still creeping up.

Lem144

Right. The 8% was best credit for 72 months. I dont have the car yet, but I need to find someone to take over my order.

dfw350

Thats bs. i got 730 and got 6.98 quoted from Lexus Financial Services but I told him "if you want my money, make it 6.00 or I will walk"
I got 6.0%

unit74

iTrader: (3)

Sounds like you played hardball.........

He knew I had a good rate and if he wanted the finance credit from LFS, I'm sure he would have made it happen if he could. I know he was on the phone with someone talking about it, but it didn't get him anywhere so.....But I told him he'd have to make it a lower rate than what I had because Capitol One has been a good company for us in the past.

dfw350

my sales person said Capital one is no good because they take too long to get the money to you

Kermee

iTrader: (1)

Please remember that the LAST thing a dealership wants to do MOST of the time is NOT sell you a car. With that in mind, the ONLY reason I can think of a dealership of NOT wanting to take your money and heck, who wouldn't... is that they have had BAD experiences in the past with that form of payment. (i.e. Dealer never got paid and couldn't get the vehicle back easily).

Think about it.

Cheers,
Kermee

imaputz

iTrader: (2)

anyone ever try E-LOANs?? comparable rates to CapitalOne.

C280to250

Sounds like im the worst one here!!
When I was looking at the IS i had my eyes set on the 350 until they told me that they could only do 8.5% 60months i have bad credit.....
Well i took the IS250 i'm still very happy though.
after this car my credit should go up again