Best financing deals
5/12/10, 07:10 AM
#1
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Best financing deals
Aside from the 0% for 36 that Ford is offering, what other deals have others seen or received for their new Mustang?
I just applied for the BofA thing and got a 3.18% approval for 60 mos. Pentagon and Navy Federal are 3.99% for 60 mos.
I'm probably just going to take the 0% but the $760+ payment is a bit daunting on a car especially in this economy. Don't worry about my financial situation when providing input; I can go pretty much any route I want. I'm just curious what others are seeing/getting.
I just applied for the BofA thing and got a 3.18% approval for 60 mos. Pentagon and Navy Federal are 3.99% for 60 mos.
I'm probably just going to take the 0% but the $760+ payment is a bit daunting on a car especially in this economy. Don't worry about my financial situation when providing input; I can go pretty much any route I want. I'm just curious what others are seeing/getting.
5/12/10, 07:21 AM
#3
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I hear ya about the economy, but in my case (financing about $22,000) the difference would be about $1,900 taking the 3.18% for 60 months versus the 0% for 36 months.
If you can swing it, do the 0%. And in 3 years you'll be payment free!
Plus it's like getting the glass roof for free.
If you can swing it, do the 0%. And in 3 years you'll be payment free!
Plus it's like getting the glass roof for free.
Last edited by 2K3 Mach; 5/12/10 at 07:23 AM.
5/12/10, 10:24 AM
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B@stards. I just talked to BofA and there's a $200 loan processing fee. It factors into the APR (3.18) because the actual loan rate is 2.89 (pretty good.) But why play games?
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
5/12/10, 10:30 AM
#5
Tasca Super Boss 429 Member
That's still a lot better then Ford is offering, at least for a 60 month loan. I got 3.64 for 60 months, Ford is offering 4.9% for the same time period. 
B@stards. I just talked to BofA and there's a $200 loan processing fee. It factors into the APR (3.18) because the actual loan rate is 2.89 (pretty good.) But why play games?
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
5/12/10, 10:34 AM
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B@stards. I just talked to BofA and there's a $200 loan processing fee. It factors into the APR (3.18) because the actual loan rate is 2.89 (pretty good.) But why play games?
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I have found that BA always has tricks up their sleeves rather than making straightforward offers that actually interest people. Its like they sit in the conference room thinking up the next shell game.
I'll be all set for the 2013 redesign.
5/12/10, 11:02 AM
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What gets people in trouble is when they stretch to "afford" the monthly payments (house, car, credit card, cell phone, etc.) and then some life event changes their budget.
Given these interest rates, should I order a GT? Jokerstars?
5/12/10, 11:19 AM
#9
Tasca Super Boss 429 Member
5/12/10, 11:26 AM
#11
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in my opinion it is ok but not advisable for a 5 year payment on a NEW car. i always pay extra to get it paid off in less time. but you never know if something major hits when it is nice to have a lower payment a couple months in a row.
Now used cars never go over 4 years. and even then only use four year notes for something that is less than 2 years old.
just my humble opinion.
Now used cars never go over 4 years. and even then only use four year notes for something that is less than 2 years old.
just my humble opinion.
5/12/10, 05:49 PM
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B@stards. I just talked to BofA and there's a $200 loan processing fee. It factors into the APR (3.18) because the actual loan rate is 2.89 (pretty good.) But why play games?
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
Even with the hidden fee, I think they are still the best deal around . . . except the aformentioned 0%/36 promotioal rate from Ford.
5/12/10, 06:07 PM
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B@stards. I just talked to BofA and there's a $200 loan processing fee. It factors into the APR (3.18) because the actual loan rate is 2.89 (pretty good.) But why play games?
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
I asked if I could pay it up front vice financing it into the loan. She said, "No, that's why it's 3.18% instead of 2.89%."
What burns me is that they didn't disclose that on the web site at all. Instead, you had to feed them all of your information and then call them.
Oh well, had to know. Even more likely to go with 0%.
5/12/10, 06:09 PM
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5/12/10, 06:23 PM
#17
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Still, 3.18% for 60 months is pretty good.
I laughed out loud when I saw Wachovia's rate -- something like 10%.
Capital One isn't bad at 3.41% (in VA).
Jokerstars, 4.2% may be good or bad depending on your credit history.
5/12/10, 06:27 PM
#18
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Faithful customer, perfect payer, high score, yet they still reneged on their promised rate after the teaser 0%x12. Instead of 4.9var jacked to 14.9var. Even wrote the CEO but the response was unacceptable. Screw them so I switched to USB's 0x12.
At least I beat Cap1 at the game. Used the 0x12 twice but they only got the 14.9 (annualized) for 2 mos till I switched. If they were smart they would have honored their agreement and held the 4.9 - at least they would have made something after making nothing.
I had BofA's 0x12 then 9.9 so I was prepared to roll that balance. But they too jumped to 14.9.
Everyone else I deal with kept their promise. Chase (2 - pers & biz), Citi, Adv, held the 3.9 fixed c.card rate until balance is paid.
Last edited by cdynaco; 5/12/10 at 06:34 PM.
5/12/10, 07:15 PM
#19
Yeah, when you think about it, they're getting $200+ in interest right off the bat. So even if you pay off the loan 3 months later, they've already collected $200 + the interest for those 3 months on the loan balance.
Still, 3.18% for 60 months is pretty good.
I laughed out loud when I saw Wachovia's rate -- something like 10%.
Capital One isn't bad at 3.41% (in VA).
Jokerstars, 4.2% may be good or bad depending on your credit history.
Still, 3.18% for 60 months is pretty good.
I laughed out loud when I saw Wachovia's rate -- something like 10%.
Capital One isn't bad at 3.41% (in VA).
Jokerstars, 4.2% may be good or bad depending on your credit history.
I just applied and they said that if you go to one of their pre-certified new car dealers they would wave the fee for me at least. My dealer was on their list. You may try that angle with them.
5/12/10, 07:36 PM
#20
GTR Member
I'm probably just going to take the 0% but the $760+ payment is a bit daunting on a car especially in this economy. Don't worry about my financial situation when providing input; I can go pretty much any route I want. I'm just curious what others are seeing/getting.
Lower the payment some that way, pay now or pay later.