Yeah, I saved a Ton of money in interest as I talked to the dealer and the apr on the previous car was @18%. I looked at the paperwork and I saw 13% and then I told the finanace guy who they were using and he told me Cap One. I then told him that I think I will secure my own loan and told them I will call them if I want the SUV...I walked out and went to lunch...during lunch the sales person called me telling me that we need to work out a deal and if I can come back in, they will work with me on it...I told him unless they can tell me a solid APR number I am not interested in their vehicle...That is why I went to two dealers...they both had the same SUV and I was going to head back over to them to see what they had to offer as I wanted to deal with the first dealer as I like them just think it was high....So as I was ready to leave from lunch, the sales manager called me and told me he had great news. I called him back as it was a VM and he told me that he called in a huge favor(YEAH RIGHT) and that now the APR is at 8.99% and the monthly payments would drop over $100/month...He did say that I would have to up my downpayment to $1000. I told him that I will be in shortly but I wanted to see the numbers and who was fincancing it. I got in there and the sales mgr came over and introduced himself to me and had numbers and papers in hand to show me. Sort of impressed...Wondering at this point if they have had a bad month or what. I looked it over and they messed with the numbers on the trade and the SUV price but it came out the same as before....He then told me that the finance mgr is good friends with Wells Fargo and used a favor(again I am sure it is BS) and that they would do it with a $1000 down...I am thinking that they were padding the interest a bit to lower it that much. I also was told that the major problem with the apr/approval process was that I have a auto repo from 2005 still on there and that was the major obstacle. Ok well it will fall off in Oct. So maybe I needed to wait but wanted to get this done...Well, I did take that deal. Funny thing was that Wells farge called for the welcome call this morning and they asked a few things and told me thanxs for the business and then FICO alert came in and on my EQ, NOT my TU, I see Wells Fargo checking my credit...So looks like they used my EQ after all.
