These days, if the car I picked couldn't qualify for 0% I'd pick one that did. They're darn near paying you to borrow money from them. 104
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08-22-2016, 09:40 PM | #18 (permalink) |
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Join Date: Jul 2016
Location: Iroquois Ontario
Posts: 244
Drives: 2017 370z Coupe
Rep Power: 42162 |
Bought mine last month at 4.49%. I had the dealer look up various months and it was not better than that for months. She didn't go FAR back but just a fyi
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08-23-2016, 06:13 AM | #19 (permalink) |
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Join Date: May 2010
Location: Ontario, Canada
Posts: 12,237
Drives: 40th
Rep Power: 10350 |
Line of credit?
if you have one large enough it is definitely the way to buy anything that is large and not done with cash/debit. Nothing seems to come close to interest% when I shop around, so everything goes on line of credit.......
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08-23-2016, 09:00 AM | #20 (permalink) | |
A True Z Fanatic
Join Date: Jul 2014
Location: bouncin on tigga
Posts: 8,062
Drives: '12 Z
Rep Power: 9435 |
Quote:
HELOC's are not bad option since they are low but then again you're just adding to a mortgage. my LOC is 0.63% less than my financing rate... weird thing is even with preferred financing they offered me 5.5.... then when I went to dealer they offered 4.98 over 4 year term. I questioned saying my LOC is 4.5(at the time of purchase)... can't even do that? da fuq atleast it's sorta secured by a depreciating asset. goodluck though... shop around that's for sure. |
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08-23-2016, 06:37 PM | #21 (permalink) |
A True Z Fanatic
Join Date: May 2010
Location: Ontario, Canada
Posts: 12,237
Drives: 40th
Rep Power: 10350 |
I can't recall my current rate for LOC but I know it is very low and nothing else CC or financing comes close when I compare...... I also tend to pay the vehicles off in 36-42 months not 5-6years+ like most people when financing
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08-24-2016, 08:30 AM | #22 (permalink) | |
A True Z Fanatic
Join Date: Jul 2014
Location: bouncin on tigga
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Rep Power: 9435 |
Quote:
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