You could go through PenFed and get your financing.My score was around d 670/EQ when they refinanced one of my cars at 2.29% for 60 months almost 2 years ago. That rate is 1.99% now. It's 1.49% if you get it through their true car program.
Yeah..with their scoring. I was probably in that neighborhood. I also had a foreclosure on my EQ. So unless your profile is that bad. Don't count yourself short.
Chances are you would have still received the same rate. Only because they've added a point or 2 to what the lender approved you for originally. The lender may have given you 3.2%. The finance manager is getting his extra commission off the higher Apr. The only way around this in the future is to secure your own financing before car shopping. You could have a 750 Fico and still received the same rate if you allow them to do the homework for you.
Bsal, the finance managers at most if not all dealerships earns the bulk of their money by commission. That means whatever they can add to the cost of the sale they get paid for.
Any time you add extra warranties or gap insurance on to the vehicle's total cost which includes bumping the finance rate. It lines the pockets of the finance manager.
There's no such thing as no haggle car sales. This is only if you choose not to haggle. If a new car can be haggled, a used one can be even more so..if they want to sell it.
Any time you add extra warranties or gap insurance on to the vehicle's total cost which includes bumping the finance rate. It lines the pockets of the finance manager.
There's no such thing as no haggle car sales. This is only if you choose not to haggle. If a new car can be haggled, a used one can be even more so..if they want to sell it.
