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Old 12-15-2010, 11:26 PM
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Financing rates?

I have a 780 credit score and my dealership is saying the best interest rate they can give me (4 yr loan) is 3.9%. I know that historically this is low, however interest rates are so low right now and I keep seeing commercials for other cars with much lower rates.

Anyone else get better rates or is Jeep just not giving good rates for overlands?
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Old 12-15-2010, 11:50 PM
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Re: Financing rates?

you can get a loan through BMW for .9% IMO, try your bank...good luck!
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Old 12-16-2010, 12:37 AM
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Re: Financing rates?

Bank of America currently has 2.75 5 year loans and 3.49 for 6 years.
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Old 12-16-2010, 12:42 AM
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Re: Financing rates?

I am looking at a Capital One auto loan, they are running 3.99 for 60 & 72 mo but more importantly they have a super easy application where you get approved in minutes and once approved they overnight you a packet + blank check that you write to the dealer in the amount of the Jeep.

Anyone use this?
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Old 12-16-2010, 12:50 AM
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Re: Financing rates?

Yeah mashie, I used that about 5 years ago when I bought my chevelle. If remember correctly they just approve a black check for up to a certain amount and you just fill in the blanks. Really easy to use. By the way, our trucks are probably sitting next to each other "in bay at facility"
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Old 12-16-2010, 12:53 AM
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Re: Financing rates?

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Originally Posted by BadLuck View Post
Yeah mashie, I used that about 5 years ago when I bought my chevelle. If remember correctly they just approve a black check for up to a certain amount and you just fill in the blanks. Really easy to use. By the way, our trucks are probably sitting next to each other "in bay at facility"
Thanks BadLuck, if it is as easy as it seems I might just actually use it and avoide the 5.9% special that Jeep is running.

I think you are right on our trucks, yours is one that I check evertime I check on mine. I look at mine, your, Yukon, and Jrfenway . I wish they had some online cameras in the bays to take a peek
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Old 12-16-2010, 07:32 AM
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Re: Financing rates?

Pentagon Federal Credit Union. www.penfed.org 2.99% New or Used all day long. Used PenFed for my last two truck loans but my Jeep dealer found me 2.19% at BB&T for the JGC.
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Old 12-16-2010, 07:37 AM
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Re: Financing rates?

Get a 0% rate... pay cash. Words can't describe how sweet it is not to have a monthly car payment.
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Old 12-16-2010, 08:34 AM
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Re: Financing rates?

+1 on paying cash, the USA economy would be much better if people bought what they could afford now, not later.
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Old 12-16-2010, 08:36 AM
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Re: Financing rates?

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Originally Posted by UNCjeepWK2 View Post
Get a 0% rate... pay cash. Words can't describe how sweet it is not to have a monthly car payment.
Nice if you can do it but most of us don't have $40K plus in a coffee can that we can do that.

I got 2.73% at my local credit union.
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Old 12-16-2010, 08:42 AM
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Re: Financing rates?

I got 0% for 60months, plus $2,000 more than KBB for my trade and $4,000 off sticker. I couldn't pass up the deal. Definitely shop around.
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Old 12-16-2010, 09:12 AM
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Re: Financing rates?

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Originally Posted by jeep2011 View Post
I got 0% for 60months, plus $2,000 more than KBB for my trade and $4,000 off sticker. I couldn't pass up the deal. Definitely shop around.
Can you share some details? Especially interested in the 0%/60 months deal. I plan to finance the purchase after a hefty down payment, and then pay it off quickly, so I'd be happy to get the lowest monthly payment I can in the meantime as long as there's no penalty for early payoff.
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