Just wondering if this is odd... My dealer in California financed my loan through B of A. I expected it to be financed through MB especially since they didn't give me any information about the financing details. I just logged in to my B of A account and surprisingly saw my loan listed as an account.

I'm just wondering if this is strange for a dealer to do this or is it pretty standard practice?

Since MBUSA currently offers no subsidized rates and BofA has a really good rate it's not surprising at all. What rate did you get? BofA offers 0.15% off for existing customers so you could have gotten 2.19% for 60 months on your own.

Dealers generally offer a multitude of rates from different banks and financial institutions for different people with different LTV, credit and terms. They also get money from the banks for making these loans so they can make money on the back end of the deal by closing your financing for you. Unfortunately your best deal might not be the best deal for the F&I guy so you have to be diligent and do your own homework prior setting foot in the F&I office.

I know what I can get on my own from my local credit union, 1.99% with a 90% LTV or 2.15% with 0 down from BofA. If the dealer can meet or beat it I will let them make profit on the back end. If they can't I'll bring my own financing to the table. I'm just uprfront and honest about it with the dealer so they know where I'm coming from.

I'm a BofA customer. Did you go thru BofA? If so, what was your rate. I want a 60 month purchase and need a loan of about $60,000. Thanks.

I'm in Texas and got 1.89% for 60 months with 0 down up to $80k

Wow! In California they're quoting 2.24% with a customer discount of .15%. I thought 2.09% was good, but 1.89% is really good. Even 2.09% pretty much beats anyone else. You must have a good bank relationship. Kudos.

I've been with BofA for almost 20 years. I'm sure having 850 on the credit score helps too...

850 credit score! Ya' think?!