Went to order my 11 GT and I backed out!

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Jul 22, 2010 | 08:38 PM

#101

Knight

Needs to be more Astony

Joined: October 4, 2004

Posts: 8,610

Likes: 5

From: Volo, IL

Quote:

Originally Posted by csledd

One other thing is that I am unsure of the continuation of the $500 rebate from Ford. It expires tomorrow and they don't know if it will continue or not. The discounts help me justify the purchase a little more :\

you're worried about $500 on a $37000 purchase... don't worry, buy the thing and be happy with your purchase.

Jul 22, 2010 | 08:45 PM

#102

newpony

Mach 1 Member

Joined: May 24, 2010

Posts: 873

Likes: 1

From: MA

Quote:

Originally Posted by db2797

Interesting...I didn't have any problem with BOA either in the beginning of June. Called them up and they offered me 2.9% for 60 months. My credit score was 787. My salesperson then found an even better deal from a local bank. I did put 6 grand down too on a V6. So the entire down payment was about 20% of the car.

Quote:

Originally Posted by Maxhenry

Same thing with me; I was approved by BoA for 3.19% for 60 months, but the dealer found me 3.02% for 60 months. As you may imagine, I was fine giving the dealer the loan.

Man that is better than my company's credit union. Is that only if you are a member of BoA? Any fine prints surprises? Some members here mentioned a $200 non-refundable fee but don't remember exactly the terms.

Jul 22, 2010 | 08:51 PM

#103

corvettedreamin

Cobra R Member

Joined: April 3, 2010

Posts: 1,814

Likes: 0

From: Northern VA

Quote:

Originally Posted by newpony

Yep, if your dealer isn't in the BofA network, there's a $200 loan fee that's included whether you "use" the loan or not. As soon as you say, "send me the check" you owe BofA $200. Cap One doesn't do that. Nor do the credit unions.

If I needed a 60 month loan, BofA would be OK since they offered me 2.89% for 60 months. But I ended up with Navy Fed CU for 1.99% for 36 months (I put 20% down). And strangely, even with excellent credit, I was only APPROVED for $24k. I borrowed $20k. My payments are just shy of $575/month and I'm fine with that.

Jul 23, 2010 | 05:45 AM

#104

Maxhenry

GT Member

Joined: April 10, 2010

Posts: 115

Likes: 0

From: New York

Quote:

Originally Posted by newpony

Yes, as noted above, BoA hits you with a $200 fee rolled into the loan. And even though my wife works for BoA they would not waive it or give me a break on the rate (which they do for our mortgage).

But since I did not use their loan, I did not have to pay it.