Loan on 392

[bwoodbmw]

financed about 1/3rd of my purchase through JPM who handles some of my banking... I think its about 2.5%, to be honest I didn't pay attention because I'm just going to pay it off. Part of me getting an on lot car without a crazy markup was an agreement that I'd finance at least some portion of it.

 

[Fast-n-Furious]

financed about 1/3rd of my purchase through JPM who handles some of my banking... I think its about 2.5%, to be honest I didn't pay attention because I'm just going to pay it off. Part of me getting an on lot car without a crazy markup was an agreement that I'd finance at least some portion of it.

Nice rate. I didn't know financing plays a role in the negotiation.

 

[Idaho392]

Nice rate. I didn't know financing plays a role in the negotiation.

The dealers (car, RV, etc) get a "kick-back" from any of the finance loan places, as long as the loan stays in effect for 6 months. The last camp trailer I purchased a year ago, the dealer took an additional $1,000 off my negotiated deal if I financed through them. They told me they get $1,500-$2,000 per loan.

 

[Fast-n-Furious]

The dealers (car, RV, etc) get a "kick-back" from any of the finance loan places, as long as the loan stays in effect for 6 months. The last camp trailer I purchased a year ago, the dealer took an additional $1,000 off my negotiated deal if I financed through them. They told me they get $1,500-$2,000 per loan.

Thanks for the info. I'll talk to the dealer tomorrow and see if they can get me any additional discount.

 

[Uncommon Sense]

PenFed is at 1.99%. DCU is 1.49%

 

[jchrisbauer13]

Dealer told that they can get 2.56% rate with local bank based on my application. I think I'll just go with that to save some hassle. Delivered on Saturday with some snowfall, man it's getting real! Tomorrow is the first meet!

View attachment 3762

congrats and I doubt you can beat that rate!! Enjoy

 

[Fast-n-Furious]

congrats and I doubt you can beat that rate!! Enjoy

Thanks