MAGS1
Well-Known Member
- Joined
- Mar 6, 2020
- Threads
- 50
- Messages
- 5,830
- Reaction score
- 8,884
- Location
- Somewhere in Middle America
- First Name
- Mark
- Vehicle(s)
- 2022 Mustang GT
Agreed, credit unions are typically a much better option if you have access. I started shopping rates about a month before my 2022 got delivered, so back in August 2022. There was a credit union that had Fordās 3.9% for 60 mos beat by a full point but it required an account with them and accounts are for public employees only (of which I am not). Ford beat all the banks by at least a point so I went with them. Oddly enough, the bank we have all of our accounts with was the highest rate (2 points higher than Ford) and I put 40% down and am considered a super prime borrowerCredit Unions in our area offer gap & are at ~3.75% interest, @ ~60 months.
Just hav to live in the same county, to meet basic eligibility. Good credit helps obviously.
I realize not everyone has access to C/U's, but if so & ur financing...
Why use the dealerships 6%+ offerings, or the local bank thats not very auto friendly..
Our banker wont even use there own employer, as they want ~7%+ on new veh w/ ^^ 760 credit to employees.
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