Dealer's Finance

[Yellow GT]

So I've got a call from the dealer's Finance yesterday.
Just want to know, those of you that have taken up dealer's finance, at what rate have you been offered?

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[80LT]

I'm interested to know this too -

 

[louey001]

So I've got a call from the dealer's Finance yesterday.
Just want to know, those of you that have taken up dealer's finance, at what rate have you been offered?

Hi Mate

Working at a major credit union, and rate is 5.64% for new car with no early exit penalty, no monthly fee, no balloon and free redraw.

PM me for detail if you like.

thats where i am going to do my finance.

 

[ecoboyboost]

Chattel Mortgage 60 months $15.8k baloon, 4.9% Esanda throiugh dealer. Hope this helps.

 

[Melbnut]

You should be able to get well under 5% these days, don't Settle for anything higher

 

[louey001]

You should be able to get well under 5% these days, don't Settle for anything higher

And make sure you don't pay through the roof with fees and balloon

 

[80LT]

Just got a quote through a broker - 4.75% with $14.70/month in fees........

 

[Liber]

Dealer offering 4.61%, though almost $1k in 'establishment fees', plus monthly fee of $5, works out no better than Peoples Choice at 5.6%

 

[louey001]

Dealer offering 4.61%, though almost $1k in 'establishment fees', plus monthly fee of $5, works out no better than Peoples Choice at 5.6%

Mate, very smart choice. When applying for a loan, it not only about the interest rate. Also look for fees and loan feature, eg no early payout fee, free redraw...

 

[Frostee]

Just got a quote through a broker - 4.75% with $14.70/month in fees........

Can you provide some details around the terms of the loan? i.e. duration of the loan, any balloon?, any penalties for early payout, etc?

 

[Melbnut]

Bmw finance seems to be pretty good. No etf and low rate

 

[80LT]

Can you provide some details around the terms of the loan? i.e. duration of the loan, any balloon?, any penalties for early payout, etc?

Sure - 5yr loan with no balloon. Immediate pay out is $750 which pro-rata reduces at $12.50 per month remaining on loan term.

 

[MustangMark]

Older thread I know - but used the "Search" function and what do you know - don't need to start a new thread...

The finance guy at the dealer smugly told me that he could offer a rate of 6.9%. When I raised my eyebrows and said "wow" - he said "Yeah...pretty good huh!"

I told him no...no it wasn't good...in fact it's more than 2% greater than other quotes. "well I'm sure we could do something...blah blah"

At this point, I don't want to give Ford an extra dollar.

My current car was financed by Nissan Finance. They have quoted me between 4.75-4.85% depending on when the car comes in, with a $300 establishment fee, $8 a month fee, and no balloon over 4 years. Works out to about $1000 a month (based on a $15K trade in) which is less than what I was paying monthly on the Nissan.

 

[CraazyJoeDevola]

For what it is worth,
I bought the wife Kluger mid 2015. Had planned to just redraw home loan to buy. They offered me finance at 6.5%. said no will redraw home loan to buy. Then offered me 4.3% which was .3% better than home loan. $375 establishment charges and $5 a month administration

 

[dreabc]

I went via Savvy Finance for ANZ Chattel Mortgage, 60 Months, 30% Residual, 4.49% (5.34% comp)

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