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  #37  
Old 03-08-2011, 11:07 PM
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Re: Interest Rates

I just was offered 1.9 for 36 (same as current jeep incentives), and 2.44 for any term out to 60 months. Not bad I think. I also have really good credit that might have contributed to my good fortune.
They never asked to see my tread lightly paperwork and was able to pass papers in about 10 mins. Good stuff.
Pics will be forthcoming if that's what you folks are into.
Thanks for all the good info!
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  #38  
Old 03-09-2011, 03:46 AM
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Re: Interest Rates

Quote:
Originally Posted by N1242N View Post
Hey BrianK,

What credit union in SF were you working with??

Just ordered an Overland from Putnam in Burlingame and I'm trying to get the best rate.

Thanks,
N1242N
Sesloc federal credit union in San Luis Obispo. I've had accounts there since college. I applied online and did everything through email and over the phone.

Congrats on the purchase!
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  #39  
Old 03-09-2011, 11:38 AM
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Re: Interest Rates

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Originally Posted by lweisenb View Post
1.9% /60 Through Ally on an Overland last month.
That's the deal I want. Does it help to have other accounts with Ally?
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  #40  
Old 03-10-2011, 12:50 AM
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Re: Interest Rates

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Originally Posted by keo932 View Post
2.94% through the dealer with compass bank

for which model?
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  #41  
Old 03-10-2011, 08:47 AM
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Re: Interest Rates

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Originally Posted by rofko View Post
That's the deal I want. Does it help to have other accounts with Ally?
My only other account with Ally is in my name, so that should have had no bearing. I haven't seen anyone else post 1.9/60 through ally, I thought the dealer made a mistake when he quoted me the rate (it was the laredo rate at the time, overland was 3.9/60) they worked my final numbers @ 1.9 and submitted them to their finance manager but it did take a LONG time for them to get the paper ready (2+ hours).

I thoroughly checked our paperwork, payment amount, as well as the calculated interest for the term of the loan against bankrate's calculator and it matches their 1.9% numbers.
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  #42  
Old 03-10-2011, 07:57 PM
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Re: Interest Rates

Good to know. Thanks!
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  #43  
Old 03-30-2011, 06:06 PM
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Re: Interest Rates

When do the new rates/incentives come out?
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  #44  
Old 03-30-2011, 07:07 PM
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Re: Interest Rates

I'd be very curious to know about this as well, seeing as how I'm going in next week to discuss financing options with my dealer!
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  #45  
Old 03-30-2011, 08:47 PM
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Re: Interest Rates

This link: http://www.cars.com/go/advice/incent...919&myid=11767

Shows the current rates expire 4/4/11 for my zip code...at least on the 4x4 Overland.

Don't know if it is accurate.
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  #46  
Old 03-30-2011, 08:54 PM
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Re: Interest Rates

Get a quote from Bank of America. If you don't move on it they will contact you in 1 week and take off another .25% if you have an account with them.


2.63% for 60 months
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  #47  
Old 03-31-2011, 07:28 AM
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Re: Interest Rates

I submitted an application online last night through Ally. i called today to get the interest rate (didnt say it on the approval letter) and they said the dealer had to give me that information. has anyone ever heard of that before? is that where the dealer makes their money buying a low interest rate from Ally then increasing for the consumer?
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  #48  
Old 03-31-2011, 07:33 AM
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Re: Interest Rates

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Originally Posted by kaflyboy View Post
I submitted an application online last night through Ally. i called today to get the interest rate (didnt say it on the approval letter) and they said the dealer had to give me that information. has anyone ever heard of that before? is that where the dealer makes their money buying a low interest rate from Ally then increasing for the consumer?
It can work both ways. Since this is a captive finance company the rate is effected by dealer participation. Some dealers may mark it up, others may have reached certain thresholds where they can offer you a lower rate. It's one of the mysteries we will never fully know since it's proprietary info between Ally and your dealer.

The only way to work the system is to have a valid pre-approval from an outside company and simply tell the dealer, "I am approved with company xyz at a rate of x.x%, if you can beat it then I'll use you. If not then I'll provide my own financing". It's called the art of negotiation.

I went in with an approval from Chase, they beat it by .5% so I used Ally.
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