I wanted to share my experience at a VW dealer and get your opinion. I first went to my local CU to get an auto loan. My interest rate would have been between 11-15%. I decided to wait and pull up my scores, but my Dad graciously offered to co-sign with me. Got a rate of 4.7.
Went to the dealer, and found my car. There was a whole ordeal about the price I was quoted online of 19,500. They said the guy didn't work there anymore...which only two days had passed since I received the price quote online. I left the dealer and told them to call me when they figured things out. Got a call 30 min. later saying they would honor the price.
Here's the kicker....the VW finance dept. offered me a 4.3 rate. I asked how I qualified for this, and they said it was because I only financed 13,500. To me, this is crazy! My highest score is 620 with Transunion. Other scores are 591 and 580. If my CU wouldn't fince me at decent rate, why would the dealer? Were they going to make more money if I financed through them?
Long story short.....finally bought my first car after months of research. I do not like the car buying experience at all...all the test driving and haggling....not for me. Hope this car will last for years to come!!
Oh, if you are reading this and have any advice on a Jetta, I'd greatly appreciate it!!