My main lender sent out new interest rate sheets today. The rates are dropping.
150K + = 6.99 up to 144 months
100K-149K - 7.24% up to 144 Months
50k- 99K - 7.49% up to 120 months
25K-49K - 7.74% up to 96 months
10K -24K - 7.74% up to 84 months
The tier are based on beacon scores 720 and above qualifies for the rates above, 680-719 add .50%, 660-679 add 1% to above.
These rates are all based on proof of income, submitted pfs or application, usually 20% down is the minimum but is based also on scores. Just wanted to let all know my rates have dropped for long term financing.
Please shoot me if i ever have a loan for a car at the above rates . Thank you in advance. On a side note, if you buy a car and have to finance over 48 months,you need to look for a different car.
Sweet, but still does not compare to after tax cost of using a home equity loan.
Now tell me you already have too many in inventory and are not going to steal that 97 B/W GTS in Virginia from me that I am bidding on e-Bay.
97 b/w mmmmmmmmmmmmmm!!!!!!!. I only list these rates as I receive phone calls daily about this program. Use it if you need and if not I respect credit unions as they typically do have the best rates. Navy Fedreal Credit Union has awesome rates.
Please shoot me if i ever have a loan for a car at the above rates . Thank you in advance. On a side note, if you buy a car and have to finance over 48 months,you need to look for a different car.
Not true at all...Especially on the 100k+ cars.. The idea is not to pay off the loan. But rather to just pay the lowest carrying costs during your ownership.. I know guys, with plenty of dough, who have 136mo. loans on high end stuff like lambos... And believe me, they could pay it off TODAY.. As long as you buy somewhat right. You pay "cost of ownership" interest,insurance,etc. And when it comes time to sell. You usually are close to the loan balance in value, which is EXACTLY what you want.. Who wants equity in a car??
Save the cash/equity for investments.... But thats me..
Not true at all...Especially on the 100k+ cars.. The idea is not to pay off the loan. But rather to just pay the lowest carrying costs during your ownership.. I know guys, with plenty of dough, who have 136mo. loans on high end stuff like lambos... And believe me, they could pay it off TODAY.. As long as you buy somewhat right. You pay "cost of ownership" interest,insurance,etc. And when it comes time to sell. You usually are close to the loan balance in value, which is EXACTLY what you want.. Who wants equity in a car??
Save the cash/equity for investments.... But thats me..
On used exotics I agree. However the guy buying the 300k Lambo brand new that is driving it 2k miles over a year and resells to a dealership for the latest "thing" doesn't give a fuck about the equity. He's paying cash and taking the kinda of beating Carmen Electra's clit would if I had the opportunity.
On used exotics I agree. However the guy buying the 300k Lambo brand new that is driving it 2k miles over a year and resells to a dealership for the latest "thing" doesn't give a fuck about the equity. He's paying cash and taking the kinda of beating Carmen Electra's clit would if I had the opportunity.
Corn beef, to Roast beef?? Oh, wait. Thats been Roast beef for quite a while now..
Sweet, but still does not compare to after tax cost of using a home equity loan.
Now tell me you already have too many in inventory and are not going to steal that 97 B/W GTS in Virginia from me that I am bidding on e-Bay.
I dont know man,, Look at that car, CLOSELY!!...... 7k miles?? Im not so sure. No offense,That thing looks rough.. Maybe it just needs a good once over.. But the hood gaps look suspect to me.. And whats up with those Pep Boys speakers (boom box), and ridiculous wiring job??
Corn beef, to Roast beef?? Oh, wait. Thats been Roast beef for quite a while now..
More like an Arby's Beef N Chedder. Especially after Dennis Rodman. Christ, that poor bastard Dave Navarro must have felt like he was tossin a hotdog into a hallway when he banged her.
I still wouldn't care though. But that's just me
I dont know man,, Look at that car, CLOSELY!!...... 7k miles?? Im not so sure. No offense,That thing looks rough.. Maybe it just needs a good once over.. But the hood gaps look suspect to me.. And whats up with those Pep Boys speakers (boom box), and ridiculous wiring job??
No, Im out.. I would pay $40k-$42k TOPS, for that car.. I would have someone who knows body work REALLY look over that car. Dont trust carfax as your only tool.
My main lender sent out new interest rate sheets today. The rates are dropping.
150K + = 6.99 up to 144 months
100K-149K - 7.24% up to 144 Months
50k- 99K - 7.49% up to 120 months
25K-49K - 7.74% up to 96 months
10K -24K - 7.74% up to 84 months
Way to bring 'affordable' financing to those of us looking to step into a high-line exotic. What bank is this Bernie?
No, Im out.. I would pay $40k-$42k TOPS, for that car.. I would have someone who knows body work REALLY look over that car. Dont trust carfax as your only tool.
I hope Bernie at BJ Motors has the same opinion and is out too! He has way to many of these as is. Oh crap! It looks like he finally sold the 96 with 433 miles and now down to only the one with 4K+ miles.
Bernie-
Taximan says hood gaps and Pep Boys speakers should have you concerned. Plus you have always has a strong preference toward B/W 96's, not 97's. Plus you have way too much inventory money tied up in 2008's. May as well sit this one out.
Last edited by sdaddy : February 13th, 2008 at 01:29 PM.
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