Some dealers may still try to get you with the vehicle and chip shortage BS even when you ask about a vehicle that’s readily available like a regular trim X5. I bet they have a paragraph saved somewhere in a word doc and copy and paste. Overall I’m starting to sense that things are turning and dealers are willing to play ball. I expect that December will be really strong in terms of getting good discounts. I’m sitting on a double digit discount offer but I’m going to post it after I finalize the deal.
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Oddly enough, we’re short X5’s this month (note the according drop in discount) but fortunately have some lease cash to aid now.
Lincoln dealers are wickeddd. They approved me with ally at 11% for 72 months. I go to bank of America and got approved for their base rate 4.69 for 72 months.
Is ALLY always giving ridiculous rates?
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11%? Wow. Goes to show there are multiple suckers born every minute. Because if those are getting offered it means someone is taking it.
Cheapest I see right now is a local credit union at 4.24% for top tier credit if car is 3 years or newer, both for used and new. Then it shoots up to 5.09% for 4-6 years old and 6.21% for 7-9 years old. 10 or over they will not write the paper.
Which has always seemed odd to me to have a different rate for age of car. If have perfect credit am I really going to not pay back the loan on a 2018 car but pay it back on a 2019?
I get there is extra risk for older cars. But that risk should be nullified for 780+ FICO scores. And 3 years is way too low as a deciding factor. There are 7 or 8 year old cars out there in pristine shape with low miles that are as good as 2 year old car. It seems very archaic like back in the 80s when 5 year old GM pieces of junk would be on deaths’a door. It wrongly incentivized people to buy new or near new.
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Are you sure it’s ALLY and not the dealership trying to bump the rate to the max?
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I wouldn’t be surprised if there’s 3-4% of markup in their offer.
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Pretty sure ally is 6-8% now
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I have no proof cuz I did the deal remotely
Wouldn’t be shocked. But it’s a finance purchase I thought they would haggle but they didn’t move from that rate.
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I’m “just looking” at manual cars on Autotrader, which I do from time to time, and saw this.
Don’t get me wrong, Civic SI is a helluva deal at $26k stickerprice, but holy hell!
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Manual cars don’t need to be locked. Hell leave the key in the ignition and it will be there when you get back. Best anti theft device on the market.
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They’re fine for sticker but I’ve never understood why people pay over sticker for these(obviously 15k over sticker is insane). End of day it’s a somewhat underpowered fwd car, I don’t really get the enthusiast angle. Can start to get real sports cars like a mustang gt or camaro at this range, wrx for cheaper etc.
The type R is kinda similar. For that kind of money you just aren’t getting the performance you should and a FWD car is always going to be pretty muted driving experience wise.
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Because they got money and they wanna impress their friends.
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they lack financial literacy.
Example:
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Well if you already signed I’d advise to refi it immediately. I’m kinda surprised business office didn’t offer to shave some rate in exchange for product.
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$170k in car loans + a mortgage and living paycheck to paycheck? If I were in their shoes, I would have gotten more affordable cars.
Why the heck would they even be considering a HELOC at 9%?
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They are in the top 1% and crying about living paycheck to paycheck not understanding what it even means
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There are so many levels of stupid in this article.
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I’m old enough to remember when manual cars cost a couple k less then automatic. There’s a logical reason for that too 
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