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Forum » Car financing options for new vehicle besides the dealership
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Thread: Car financing options for new vehicle besides the dealership

post 1646732433 09-09-2021, 10:25 PM
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Car financing options for new vehicle besides the dealership

Looking for a new vehicle. No inventory and what’s available, dealer wants to charge 3.99%.

Anything better out there? I’m looking for 36 to 60 months financing.

This is with good credit
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post 1646732623 09-09-2021, 10:32 PM
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Lol at financing a deprecating asset. How about you figure out away to make interest with that money instead of giving away free money to the bank
post 1646732793 09-09-2021, 10:39 PM
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Originally Posted By AWSbruh⏩
Lol at financing a deprecating asset. How about you figure out away to make interest with that money instead of giving away free money to the bank
This.

This my Niqga right here
Don't put that on me Ricky Bobby, don't you ever put that on me.
post 1646733583 09-09-2021, 10:59 PM
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Originally Posted By AWSbruh⏩
Lol at financing a deprecating asset. How about you figure out away to make interest with that money instead of giving away free money to the bank
Do you walk everywhere bro? Work and groceries, to the airport - you walk or you bike or take the bus??

Agree with you but there are times when this is a necessary evil.

Stop judging and answer if you got a good solution, else there are several other threads you can go contribute to

My current two cars. One is 7 yrs old with 270k miles. Check engine comes and goes at will lol

Other is 6 yrs old with 130k miles and oil leaks that don’t seem to stop. After each repair a new leak appears - so done with that chit.
Originally Posted By bov188⏩
Local credit union. I just got approved for 2.49% for ausedcar
Cool. Will check it out in the AM
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post 1646734073 09-09-2021, 11:17 PM
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Originally Posted By TryingBB⏩
Do you walk everywhere bro? Work and groceries, to the airport - you walk or you bike or take the bus??

Agree with you but there are times when this is a necessary evil.

Stop judging and answer if you got a good solution, else there are several other threads you can go contribute to

My current two cars. One is 7 yrs old with 270k miles. Check engine comes and goes at will lol

Other is 6 yrs old with 130k miles and oil leaks that don’t seem to stop. After each repair a new leak appears - so done with that chit.



Cool. Will check it out in the AM
Buy a car cash. All cars are is a tool that gets you from point A to point B. You can get something decent cash in the 10-15k range. Lol if you think you won’t have issues if you buy another car. BRB car payment brb and car repair cost. I literally don’t care if I take my car in because it’s paid off and I rather have car repair cost than a monthly car payment
post 1646735143 09-09-2021, 11:53 PM
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Originally Posted By AWSbruh⏩
Buy a car cash. All cars are is a tool that gets you from point A to point B. You can get something decent cash in the 10-15k range. Lol if you think you won’t have issues if you buy another car. BRB car payment brb and car repair cost. I literally don’t care if I take my car in because it’s paid off and I rather have car repair cost than a monthly car payment
Lol @ you for being you

You pasted your opinion instead of answering my question.

I got the cash to buy it cash but money is so cheap…lol @ you, again.
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post 1646735273 09-09-2021, 11:56 PM
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Originally Posted By TryingBB⏩
Do you walk everywhere bro? Work and groceries, to the airport - you walk or you bike or take the bus??

Agree with you but there are times when this is a necessary evil.

Stop judging and answer if you got a good solution, else there are several other threads you can go contribute to

My current two cars. One is 7 yrs old with 270k miles. Check engine comes and goes at will lol

Other is 6 yrs old with 130k miles and oil leaks that don’t seem to stop. After each repair a new leak appears - so done with that chit.



Cool. Will check it out in the AM
how the fook do both of your cars have over 100k miles and less then 10 years old?

Buy another cheap used car YOU fooking low-iq SCUM.

SRS.

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post 1646735343 09-09-2021, 11:58 PM
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OP check out Miscellaneous Financial Solutions srs, according to their site someone with good credit like yourself is eligible for financing at a rate of about 3.50%. I spoke with their lead rep, Veronica Moser, and she said you could tell them to send you right to her.
post 1646742213 09-10-2021, 05:22 AM
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Originally Posted By TryingBB⏩
Lol @ you for being you

You pasted your opinion instead of answering my question.

I got the cash to buy it cash but money is so cheap…lol @ you, again.
Lol money is so cheap to buy something that goes down in value 15–25% per year. Lmaooooo. You’re not buying a house bro chill
post 1646742323 09-10-2021, 05:25 AM
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Originally Posted By AWSbruh⏩
Lol money is so cheap to buy something that goes down in value 15–25% per year. Lmaooooo. You’re not buying a house bro chill
Yeah agree with you here brah. I understand the argument to just buy a car cash, but who's got $30-40k liquid to just throw down on a new car (besides every single user on the misc, who are CEO 10k/day maxxing of course).
post 1646742433 09-10-2021, 05:28 AM
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Originally Posted By TomWanks⏩
Yeah agree with you here brah. I understand the argument to just buy a car cash, but who's got $30-40k liquid to just throw down on a new car (besides every single user on the misc, who are CEO 10k/day maxxing of course).
Simple, buy a car that you can afford in cash. Not that hard to come up with 10K bro
post 1646743113 09-10-2021, 05:51 AM
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A bank loan. Just pay off a car you can afford, you ****
post 1646743133 09-10-2021, 05:52 AM
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Check with your bank or local credit union but you probably won't get a much lower interest rate. Maybe save 1%.

Only finance cars if they are 0% crew.
post 1646743273 09-10-2021, 05:55 AM
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I'd agree with the cash buy typically but interest is too low.

Never finance through a dealer...they raise the interest compared to local banks and make money of the difference of interest. They're just going to the same banks as you...with the same information. They cannot possibly get a better deal than you without lying.
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post 1646746303 09-10-2021, 07:10 AM
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Originally Posted By rectifryer⏩
I'd agree with the cash buy typically but interest is too low.

Never finance through a dealer...they raise the interest compared to local banks and make money of the difference of interest. They're just going to the same banks as you...with the same information. They cannot possibly get a better deal than you without lying.
I financed both cars when I bought them and paid them off years sooner actually. Anyhow, I probably won’t buy cash, will finance and payoff in a year or two like I always do.

If I had $40k cash, I’d buy a $20k cash car else I wouldn’t have an emergency fund.

I’ll be calling local credit unions and check up on their rates.

Also, dealers have their own finance companies, they’re both going to the local banks I believe - I know Honda and Hyundai do and I’m almost positive every major dealer does (financing through the manufacturer’s financing company)
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post 1646746473 09-10-2021, 07:12 AM
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Never finance a depreciating liability. Buy a car you can afford .
This fool's running a Honda 2000
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post 1646746623 09-10-2021, 07:14 AM
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Originally Posted By TryingBB⏩
I financed both cars when I bought them and paid them off years sooner actually. Anyhow, I probably won’t buy cash, will finance and payoff in a year or two like I always do.

If I had $40k cash, I’d buy a $20k cash car else I wouldn’t have an emergency fund.

I’ll be calling local credit unions and check up on their rates.

Also, dealers have their own finance companies, they’re both going to the local banks I believe - I know Honda and Hyundai do and I’m almost positive every major dealer does (financing through the manufacturer’s financing company)
Never seen a dealer with their own bank, doesn't mean it doesn't exist but I don't think its normal.

You bring up a good point about brand financing. But they will often advertise 0% interest but charge ~$2k extra on the price since you would get a $2k discount if you simply used your own financing. Bizarre, but true and not openly represented on the balance sheets. With a normal loan, you will pay less than $1k in interest anyways, the $2k is actually a really high interest rate depending on the vehicle cost.
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post 1646746843 09-10-2021, 07:18 AM
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Bank of America gave me the best actually. My credit union was 3.1, the car dealer finance was 2.9 and BoA is 2.45%
post 1646747053 09-10-2021, 07:20 AM
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Originally Posted By Jms89⏩
Never finance a depreciating liability. Buy a car you can afford .
I did this and the cars kept breaking down while I was in college. Eventually had to drop out, then return much later.

Do not recommend. Finance tf out of a dependable car if you have to.
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post 1646747073 09-10-2021, 07:20 AM
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Navy fed tend to have some pretty awesome financing. What car are you buying?
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post 1646747853 09-10-2021, 07:35 AM
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Originally Posted By AWSbruh⏩
Lol at financing a deprecating asset. How about you figure out away to make interest with that money instead of giving away free money to the bank
If I have $35,000 to buy a car, but can finance that car at 2.49% I'd be a fukkin retard if I didn't take that financing and invest my 35k for the 7% or so return i could get in an index fund.

If you're not a moron you can use credit to your advantage.
post 1646749283 09-10-2021, 07:57 AM
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Originally Posted By soaponarope1⏩
If I have $35,000 to buy a car, but can finance that car at 2.49% I'd be a fukkin retard if I didn't take that financing and invest my 35k for the 7% or so return i could get in an index fund.

If you're not a moron you can use credit to your advantage.
You’re not factoring in risk and depreciation lmao. Why the hell would I want finance 35k on something that goes down in value 15-25 percent per year. Think about how retarded that sounds. Your argument would make sense if it was a house
post 1646749793 09-10-2021, 08:04 AM
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Originally Posted By AWSbruh⏩
You’re not factoring in risk and depreciation lmao. Why the hell would I want finance 35k on something that goes down in value 15-25 percent per year. Think about how retarded that sounds. Your argument would make sense if it was a house
TBF investing it offsets that SOMEWHAT...but hear me out:

Say I buy a corvette for $65k....in 5 years it will still be worth ~$40k. I effectively paid $25k to drive it for 5 years...when I go to trade it in I will realize that gain. If I have $65k in a ~3% return for 5 years it will increase 10k, offsetting the value loss to just $15k with a TERRIBLE 3% return.

$15k to drive a brand new corvette. That is how money is handled properly. Of course, if you don't have the luxury of cash on hand, then you dont offset it that much, but its not the complete loss your making it out to be. For comparison, if buy supposedly RESPONSIBLY and get a $25k compact, it will be worth ~$10k in 5 years, sometimes worse. You will still take the $15k hit, and it will not be offset because you did not have cash to invest.

Its expensive being poor. You either pay $15k to drive a corvette because you just so happen to have cash on hand, or you pay $15k to turn a corrolla into a chitbox. Smart people will keep this difference in mind.
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post 1646749923 09-10-2021, 08:06 AM
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post 1646750253 09-10-2021, 08:11 AM
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Originally Posted By AWSbruh⏩
You’re not factoring in risk and depreciation lmao. Why the hell would I want finance 35k on something that goes down in value 15-25 percent per year. Think about how retarded that sounds. Your argument would make sense if it was a house
Either way you buy it you're facing the same depreciation. That 7% return is the ballpark average return after inflation in stonks so that accounts for risk over the long run.

I'm not advocating buying a car but if you're going to then financing at a low rate is the way to go. I'd hold out for one if those 0% deals they run during sales.
post 1646753893 09-10-2021, 09:03 AM
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Originally Posted By Muzzlrpress⏩
Navy fed tend to have some pretty awesome financing. What car are you buying?
Is navy fed credit available to general public?
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post 1646765733 09-10-2021, 12:08 PM
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Originally Posted By AWSbruh⏩
Simple, buy a car that you can afford in cash. Not that hard to come up with 10K bro
This, DED fooking SRS.
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post 1646766103 09-10-2021, 12:14 PM
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Originally Posted By Jms89⏩
Never finance a depreciating liability. Buy a car you can afford .
lol if you can make payments directly to capital and solve the debt fast, financing is not a bad option, you wont pay much on interest.
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