Originally Posted by sportcoupe
So I don't need to worry about financing paperwork signatures till vehicle delivery and pickup at dealer?
I was thinking of getting loan pre-qualified the day before ordering (USAA 2.5%) but am afraid that the long wait time of 8 weeks for a special order jeep the pre-qualifying will expire and I'll have to apply again?
My credit score is 805 and I can put $10k down.
Wait on securing financing... the dealer or Jeep will be able to tell you the status of your Jeep through production - and when it ships. They should give you a 10 day window for delivery.
At that point I would shop loans.. but you don't want too many inquiries..
I went to my credit union and secured a pre-approved loan at 2.5% ..
The dealer beat that with US Bank at 1.64%...
Tell the dealer you have a loan with a ridiculous low interest rate. When they ask, just say you can't recall the exact percentage but its somewhere around 1.5%...
Let the finance director scramble to meet or beat that..
Remember, they have access to all the interest rates from the local banks and credit unions.. so you need to be elusive when you convey the interest rate you have in your hip pocket.
The finance guys are sharp.. you need to outsmart them.