MikeyStang

I'm dealing with a salesman from my local chevy dealership because im finally making my move towards another car.... they located an SS Supercharged I want, silver one, sunroof etc.... the total cost is $22,375 brand new... Im lookin to finance the car for 60 months and the guy is tellin me its going to cost me $494/month with $0 down... is this guy jerkin me off or wat??

how much was your car, all said and done?
how long is your finance period?
how much monthly are you paying?
how much did you put down?
if you can, can u rememmber your interest rate?

Mag44579

$420.00 per month.

MikeyStang

holy sh*t really??? no offense to anyone on this board, i mean, i like the cobalt ss and all, but its not worth $500 a month

light'bolt

475 zero down extended warranty about 22k total give or take a couple hundred

WSFrazier

My first SS was $214 a month with 3k down.

css9450

$494 x 60 = $29,640. Something just doesn't add up there; there must be some big interest rate factored in somewhere.

OrngBalt

check a leasing option.. you can sometimes get a better deal that way. and then you just buy it out at the end.

I am paying 320 a month with zero down for 36 months with a 9000 buyout for my LT

MikeyStang

the interest rate must be killing me BIG Time.... if the total is about 30,000 after interest, then for the first 14 months or so that im makin payments, im only payin the interest

07 SS/SC

I pay 326 a month, got my car OTD for 19,700 brand new 07 SS/SC

That or you owe more on your current car than they are willing to give you and rolling your negitive equity into the price of the new car. I have seen it happen so many times, (not to me). Negitive equity is not your friend.


Mike

WSFrazier

Talk the dealer down, don't pay sticker.

Other options are to find a co-signer with awesome credit, or purchase the vehicle using GM's SmartBuy. Almost the same as a lease cept you own the vehicle as you would with traditional financing.

Onyxd04Redline

0 a month

MikeyStang

nope... im not doin a trade in

i have a cosigner with EXCELLENT credit, and even my credit is 700+... but when i priced it out on chevy website, the interest was, if im not mistake, %8, which is retarded... i should probably wait till they have a special offer for like, 1.9 or even 0%

WSFrazier

Hmm, you could just always ask about the interest rate.

You could finance through a difference bank other than GMAC too. Credit Union maybe for a lower rate.

Acidangel_5.0

why in the world would you finance through a dealer.. thats about the dumbest thing you can do.. they always charge the highest rates and dick you the most..

go find a Credit Union or normal bank and get your Car loan there.. much better rates and no "secret" fees

cougar2588

wow, how the hell did u manage to get it that cheap?? was it just a lot of rebates? cuz when i went to talk to the dealer about buying an 07 ss/sc he said that the lowest he could get it with the gm discount was 23000. (it was fully loaded, sticker price was 24,700)

MikeyStang

their normal credit rates = ASSRAPING.... but sometimes they have special offers, for instance, a few months back i was lookin at an Envoy Denali, and with a 60mnth finance, they were gonna give me 0% APR, cant beat that

R&C_rallySS

320/month
0% loan
like 1k down
2006 SS/SC G85 fully loaded
75k bumper to bumper warnity.

MikeyStang

If i could get it to $320 a month, i would be driving the car tomorrow.. that sounds like a reallly really nice price u got there

thedub784

i pay 135 a month with $4000 down, pretty SWEET compared to what some ppl are paying!!!

MikeyStang

did u get the SS/SC?

sjsmal07

I can understand wanting the car right now and worrying that this particular SS you found will be gone but you need to realize that others will come along and you should wait for a big promotional period. I was dying to get into an SS:SC (used to drive a 2.2) but I kept waiting until my local dealer had one ON LOT (they get charged at the end of every month to keep cars on lot, so they're more likely to give you deals for stuff they have in inventory and towards the end of the month) and it was the Transformers/July4th GM promotion. The sticker on my car was $24,850 and after rebated and haggling I ended up paying $20,500. I also talked them up $1500 on my trade so now I'm only paying $350 a month for 60 months. Actually...it's still a bit high but I'm going to kill some of my debt in other places and then refinance to get it even lower.

In short: be patient and wait for the best deal possible. Even if you think you're getting a great deal, walk out and wait for them to call you. Trust me...they will. Heck...I probably could have done even better if I had been more of an ass...

TheCobalt

36 month lease
450 per month
0 down

MikeyStang

Absolutely man, i hear ya big time.... patience is key here, the salesman should be callin me very soon for a followup then ill start some negotiations.... i dealt with a woman from nissan for about a month tryin to get me a Z convertible, but the prices werent right, i eventually told her i bought something else just to get her off my back

im ready to buy this car, but i know i cant rush myself... i owe a ton of money on my cc bill but im sending them about 2k on monday which will cover most of it, so even if i dnt get the car right away, i still have areas in my finances that i need to clear out... which in turn, will only be better when i get a car

bc3tech

my $27k SUV w/ 72mo financing at 4.9% is $480/mo.

so... you've got a nasty interest rate my friend.

MikeyStang

yess i do lol... im just awaitin the call from my salesman so i can get a decent interest rate out of him, and hopefully take a few $$$$'s off