That stinks, seems that ford dealers are still up to no good when it comes to customer service. I plan on being honest when i get my customer survey. Cant wait to get the call from the salesman.

When i ordered my car they sat me down with one of the business managers at the dealer. He asked me how i planned to pay for it. I told them i would have my own loan and just hand them a check. He asked what bank i would be going with since he had "very competitive banks" on hand. I told him USAA. Its a military bank that i do all of my normal banking through. credit card, car insurance, checking and savings. so i figured might take a tenth or two hit in the interest rate, but i didnt mind to have it all exist at the same bank. Well after telling him that. he said "oh how are you affiliated with the military?" and i told him that my father is in the naval reserve. Instead of still trying to sell me on the dealer financing or outside banks, all he said was "oh have him check the navy federal credit union as well, they will beat any rate that i would ever be able to produce" So a week before the car was delivered, and a 20 minute phone call, i had a loan for 36 months at 4.25%. hopefully it will be paid off faster, i really want to have the title in hand. The dealer never even ran my credit. And i didnt have to go through a war either. very good person running things over there. but watch the salesman most of them are under experienced, and it shows.

 

Well I hate to bring the unfortunate news, but I am unable to buy the Mustang. NOBODY will finance me, and it pisses me off because I KNOW I can afford the car, but of course with the retarded way credit works everyone else thinks not. Bleh... so I went econobox shopping today and right now I'm looking at this 2006 Toyota Corolla CE. $16.4k We're waiting to hear from the finance guys.

 

Please don't buy a Toyota.

 

Yep no finance for that either. Grr...

now I don't know what to do. I can't get financed for friggin' anything...

 

at least buy a used mustang or something.

 

If I can't buy a d.a.m.n corolla then there's no way in hell i can finance a used mustang...

(d.a.m.n is the dumbest word in the world to block... puh-lease... ppl need to grow up)

 

use dam. it flys

 

Shoot, Now I'm afraid of buying my Mustang when I'm 20

 

That's cool, I can do that. I just don't understand why people get their panties all up in a wad over some of the dumbest stuff in the world sometimes. Oh well. It's just a dam word.

 

from what i have noticed, if your not living on our own, and/or not at a full time job for more than a year straight and what not, there is almost no chance of financing without a cosigner. I have one on my car and i am 23 with pretty darn good credit. I was approved for the rate i got on my credit alone, but needed a cosigner becaus of not having a real job for over a year yet. It'll work out.

and yeah if you want to buy a corolla go right ahead. I like the new scions a little more, or a camry for me. But the corolla is a fine car.

 

Have you tried e-loan? or dytek.com? E-loan is quick to reply, and from what I've seen they can usually hook just about anyone up.

sorry, I just checked on dytek, they're home mortgage, not auto loans.

 

What did the fish say when he swam into a concrete wall?

 

Don't EVER EVER EVER step foot in a dealership without your financing already taken care of. You just learned a valuable lesson. The way you went about buying your car is NOT the way to do it anymore, and quite frankly hasn't been for years.

Pick the car you want. (The car, not the dealership)

Get the financing you want after you figure out what YOU want to pay for the car. Be reasonable, they are not going to give it away, unless they have dealer cash incentives or other programs going on at the time (which you can find out about without asking them)

Email the dealership's fleet/internet sales in your area with your specs and price.

The first one that responds with what you want, gets your business.

Go pick up your car. Check/site draft in hand. Most you may have to do is call your bank/CU with the VIN# and your done.

It's that simple, that easy and takes no time to do.

That's the no haggle way to buy a car, it's puts all the power in your hands and gives them none

 

I agree 100% with SixtySix. I learned this lesson the hard way. The Mustang is the 6th new car that I purchased. I bought it from the same dealership and salesman that I have bought my last three vehicles. This is not coincidence. I also had my financing all worked out before I ever walked in. Remember, be fair on the price, dealerships are not in the business to give away cars, but they shouldn't rape you either. It sucks that no one will finance you on a Stang. I am really surprised that a creit union will not give you a loan. That really stinks.

 

Can anyone else back up his statement on eloan?

 

If you try to get a loan on the net you probaly will get it, but at what percentage? You will get 12% or higher from some fly by night Finance co. with clouses of penatlies for being 1 day late. So it is up to you if you want to play those games. But you will pay GT prices for a basic v-6.


jmo dly

 

E-loan actually does a lot of loans, and I've now used them twice. They were better than my credit union on the first loan, and for the second they were just quick, and I'm refinancing through the credit union now. First time around I didn't have stellar credit, and had just closed on a house 3 weeks before. That was in 2001. This time when I pulled out the E-loan check at the dealership, the finance guy said he sees lots of them, and they usually do better than the dealership can, especially for people harder to finance.

Oh, and even the first time I only got 9 percent interest. This time was even better, since my credit is better.

 

Gary, with the issues your having, to start yourself off with credit, you should take any loan you can get, even if the percentage rate is a little high. This is what happens when you have little established credit and want to purchase a big ticket item. The thing is, once you get the car, and pay it off, with no issues (i.e late payments) you will be able to purchase pretty much anything you want. Good luck in your search for a car.

 

OKAY WE'RE GETTING SOMEWHERE!

Eloan approved me for $12k @ 10.#% interest for 48 months, so tomorrow I'll be looking at a couple of used Toyotas to see what I can get. This will at least get me started (as 05fordgt put it) and will get me a MUCH newer car as opposed to my 1991 Honda Accord with a slipping transmission.

 

Why a Toyota?

Toyota makes bland, inoffensive, supposedly mechanically reliable products (let me tell you about my 1985 Toyota sometime - POS) but I can't imagine why someone who has an interest in Mustangs would even turn his head to look at a Toyota.

It's probably just me, but I'd rather drive a keg of nails than a Toyota.

As someone in another thread advised me I should add that the preceding was my opinion and not actual fact. (Is perception reality?)