Financing Options with Banks

Nov 23, 2015 | 01:07 PM

RAWRRRR

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Future C63

Financing Options with Banks

What are some good companies or deals out right now in order to finance a car. I know there is PenFed and others, but what else is out there that now many know about?

Nov 23, 2015 | 02:03 PM

tpliquid

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From: san jose

too poor now

i usually go thru chase 25% apr

Nov 23, 2015 | 02:52 PM

sam i am

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From: Lost Wages, NV

2015 C63 Coupe/2015 F150

It depends on your credit, year of the car, term of the loan, down payment, etc.
If you qualify, USAA, PenFed, Navy Fed are good places to start, as well as Capital One.

Nov 23, 2015 | 02:57 PM

RAWRRRR

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Future C63

Quote:

Originally Posted by tpliquid

i usually go thru chase 25% apr

I'll be sure to check that out...

Nov 23, 2015 | 02:58 PM

m a x i m u s

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C63 AMG P30 *EuroCharged*| Porsche Cayenne | Buell XB9SX

Credit unions usually have the best rates.

Nov 23, 2015 | 03:00 PM

sonystyle02

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2016 AMG GTS ED1, 2013 C63 P31 Coupe

i did airforce fcu. if you donate $25 to the heritage organization, you qualify to become a member. received 1.69% APR for 72mos on my used C63. new vehicles were at 1.49%.

Nov 23, 2015 | 05:32 PM

rentzington

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2010 C63 P30

Quote:

Originally Posted by m a x i m u s

Credit unions usually have the best rates.

This times 10! Credit union rates are often a lot better than dealerships and easy to get

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Nov 23, 2015 | 09:05 PM

ean

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Joined: Jul 2014

Posts: 37

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C63

Lightstream.com

They are part of suntrust. If you have excellent credit they offer 1.99% unsecured. Meaning no lien. No year restriction that I am aware of.

Nov 23, 2015 | 11:25 PM

#10

kindafast

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W210 E55 & W204 C63

Some good advice in here. One thing I'd like to add is your downpayment, the higher it is, the lower your interest will be.

Nov 23, 2015 | 11:51 PM

#11

RAWRRRR

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Future C63

Quote:

Originally Posted by kindafast

Some good advice in here. One thing I'd like to add is your downpayment, the higher it is, the lower your interest will be.

Definitely good advice here. A recommendation I have is to put as little down as possible when you receive rates of lower than 3% (the 30yr US treasury yield currently). I say this because you can easily receive a higher return, safely, by putting your money in an alternative investment. Things like low cost index ETFs, high rated Bonds, etc.

Also, the Fed is "likely" to raise rates within the next year, so bond returns will "likely" rise even more.

Just me 2 cents