|11-28-2013 01:57 PM|
|8052949||Just go to bankrate.com and it will point you in the right direction. Then negotiate! I wanted in the dealer with a 2% 60 month preapproval from a local credit union and the dealer got me a 1.5% loan.|
|11-28-2013 01:25 PM|
|firervfd37||Credit score of 804 about 2 months ago and the dealership said Capital One 1.6% for 72 months. Wish Chrysler did 0% which I am used to having haha. 1.6 is fine though.|
|11-28-2013 12:27 PM|
2.9% for 72 months through State Farm Insurance.
|11-28-2013 11:03 AM|
|Catmando||1.75% @ Suncoast Schools CU. They are based here in Florida.|
|11-28-2013 10:01 AM|
|Osok||Last week I financed at 1.84 for 48 mo. at Compass bank. Wranglers are selling about like hotcakes so Jeep has no special financing or rebates. If you want zero financing and rebates then wait until gas goes back to $4 gal. or get a Dodge.|
|11-28-2013 08:00 AM|
We are refinancing our loan tomorrow. I was going to use PenFed's 1.99% for 60 mo (I'm a member) but a local credit union was running a commercial this past week and giving $100 to anyone who would refinance an auto loan with them. I applied online, they called me a few days later and told me the interest rate will be 1.99% for 60 mo and I'm going in tomorrow to sign the papers. The only fee is a $13 Missouri title origination fee.
The lower rate plus knocking off two payments (we have 62 months left on our current loan) will save us approximately $1,000 over the life of the loan. That, plus an extra $100 Christmas spending money. My wife likes the fact that they're local to us and she can drop by any number of their branches in the area to make a payment. Also, we don't have to make another payment until mid January when the new loan starts.
|11-28-2013 12:04 AM|
|Jstraw||I think jeep should do what ford did, no interest 5 year loan. I think they'd sell more jeeps!|
|11-27-2013 10:39 PM|
|NFRs2000NYC||Im at 1.3% on my 14 (TD Bank through dealer.) Was going to pay for it in cash, but at 1.3%, its free money, and I make way more than 1.4% a year investing it instead.|
|11-27-2013 09:23 PM|
For PenFed, you pay a membership fee and open a checking account with them for about $25. Once you are an account holder you can apply for a loan.
In October they were at 1.99%, 72 months, zero down. When we picked up my 2014 the dealer asked if he could beat our financing if we would use it. He was able to get us down to 1.85%.
|11-27-2013 08:33 PM|
What are the requirements to meet in order to qualify and can anyone apply and qualify? I am in SC, can I still apply?
I picked up a 14 unlimited rubi with 4.99% looking to refi asap.
|07-17-2013 01:02 PM|
|07-17-2013 12:52 PM|
Check the previous post...
I already did
Thanks for all the tips!
|07-17-2013 08:18 AM|
|07-17-2013 07:27 AM|
Congratulations on the new Rubi A buddy! You're going to really enjoy Jeepin'
|07-16-2013 06:41 AM|
Glad PenFed worked for you and that your jeep will be here soon.
|07-15-2013 10:55 PM|
Here's the update after I called them.
Got approved at the 1.74 for 72 months.
Initially when I applied, the web page automatically did the math with 15% down payment but when I called and they reviewed my credit score, they removed the need to put anything down.
So I got 100% financing.
Basically all I have to do now is, figure an amount with the dealer (Trade in Value, Incentives, etc)
Get a final number (purchase) amount.
& then contact Pen Fed with exact amount info.
Pay $15 to get the check overnight and that is that...
Now all I need is the 10a to come in already!!!!
Thank you all for your help & advice.
So far it's been awesome!!!
Can't wait to pick her up...
|07-15-2013 08:08 PM|
My credit score was 730 when I got my JKU a few weeks ago.
The dealer started by telling me that Chrysler never goes below 3.94% for the Wrangler at 72 months.
When I insisted that I needed a lower monthly payment, I got them down to 1.99% on 72 months.
This was through the dealer.. The bank ended up being First Niagara Bank out of Buffalo, NY.
|07-15-2013 07:39 PM|
So the time is almost here...
Last week I received a final update letting me know that the Rubi is on it's way to the dealership.
I just applied at Pen Fed and got approved, but I'm confused.
I didn't know exactly how much I am going to need as I have not been to the dealer just yet and I'm not sure how much they are going to give me for the trade in.
It also doesn't tell you on the screen after completing everything if the rate is indeed 1.74% for the 72 months.
I just submitted an email to them via their "contact us" link so that someone can call me and explain a little more since the website and it's approval doesn't tell you much.
How did you manage to get the 100% financing?
Did you have to call them?
Because I didn't see anything in the application process that gave me the option...
|07-01-2013 10:22 AM|
|07-01-2013 09:56 AM|
|07-01-2013 09:48 AM|
|07-01-2013 09:03 AM|
|Tagg||I just rechecked the PenFed.org website again 10:00 AM. It states that a 15% down payment is required for New Auto Loans of 61-72 months. Interest rate of 1.74%. The deal we received at Koons Jeep thru their financial dept was 1.79% for 72 months. Found that Extremely Hard to BEAT !!!|
|07-01-2013 08:42 AM|
|07-01-2013 12:34 AM|
Lots of sensible people in the thread. That's good so thank you n00g7, Sucker_Punch and BIGLex.
@n00g7, as I mentioned in another thread, that's a valid point and a different way to spend/invest. Ball park ideas are a good measure but ultimately it's going to be different for him and based on what he's told me, I'd be surprised if he isn't able to get the smallest interest rate on a 72 month loan.
@Sucker_Punch, I agree. Student loans take priority right now and they prevent me from taking out any more loans, whether credit cards or another auto loan.
@BIGLex, that's cool. It seems like if you do your diligence in research it'll pay off and you can get a small interest rate on your loan. Keep us posted.
|06-30-2013 10:09 PM|
JeepCourtney3700, I understand your point and I know every situation is different; based on different incomes, credit scores, etc.
But my question of what's the best rate only helps me figure out if what the dealer is offering is truly "the best rate"...
I'm 35 yrs old, no student loans, no mortgage, income over $140k and credit score is over 750. I have purchased 3 other vehicles in the past where I have put down $10k or $15k to have a comfortable payment...
I don't want to do that now.
I just want to have the lowest payment possible with little to no money down and have the option of just putting big deposits into the principal and finish paying of the vehicle sooner then the scheduled time.
I have a 2010 Nissan Murano that I got at a 1.99% rate for 60 months.
I'm paying it off in 3 months (a little under 2 years earlier then scheduled) because i've been doing what I just mentioned, comfortable payment but always sending more & paying off sooner, but with the liberty that if I don't want to put more this particular month then I just pay the regular payment...
|06-30-2013 03:52 PM|
|06-30-2013 02:04 PM|
|06-30-2013 01:21 PM|
|06-30-2013 01:07 PM|
But if someone has a student loan they haven't paid off then a 45K Jeep may not be the wisest decision. I know it's the American way of instant gratification, but if you can't pay off your student loans then you have no business buying a brand new vehicle. Just my 2 cents
|06-30-2013 12:08 PM|
Further, because of how good the rate ares, it's better to put your money in a mutual fund or other account. Whether it's your 401k, Roth IRA, or whatever, it's statistically going to produce returns over the life of a 6 year loan.
Or, alternatively, if OP has a mortgage or student loans at a higher percent interest rate, it's better to pay those off first before the car.
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