avanbroc

So I went to buy the lime green GT on the lot today, got to all the paper work and they tried to stick me with a 10.8% interest rate!! Has anyone else had this prob? I wanted to put 6K down on it, I'm 25, have an undergraduate degree, and am currently in medical school! I have missed ONE car payment ever. WHAT IS GOING ON!?!

281GT

Go talk to your bank. I didn't even consider Ford financing. I spent 2 months talking to different banks and eventually got 4.78%. It did take some running around though. At first, the best my bank was willing to do was 6.0% until I threatened to move my mortgage to another bank. In the end I still went with another bank, but it's worth checking with different banks. Get a rate from one and take ot to the other. Pit them against each other and you'll come out ahead. Do your homework and you won't get screwed.

__________________
2005 Mustang GT, sonic blue, manual trans. WMS intake, ARH LTHs w catted x-pipe, CMCV deletes, Aluminum DS, LCAs, Autometer Sport comp gauges, MGW shifter, Polyuerethane engine mounts, 4.10s, UDPs.

lostsoul

yea.. thats a little high.. I put 6K down and got 10% but thats because I have a 6 year old BK and a fat school loan on there. I cant remember the loan co.. it was something like HMT or something like that.. have them call the credit people and look for that company.. you should be able to get better.

__________________
[b]05 screaming yellow GT, shorty antenna, SLP exhaust(wow), ati procharger installed (finally). My Site http://www.trixtersracing.com/lostsoul.htm[b]

doc0075579

I think a lot of your APR depends on your credit score and who you are banking with... I got a 4.25 APR through my bank. Also, I was approved through Ford for 4.25, so I am pretty sure you should check out your credit

__________________
2006 Auto/Vert; Whipple H.O.,JBA LT/high flow cats, magnapack, Powerhouse DS, 3.73 FRPP gears, Eibach coilover kit. 470rwhp/444tq

n4ggs

find a local credit union, if you look hard enough 3.99% is possible. i am 21 and i got 4.5% with a cc.

__________________
if you dont know what your talking about...

lostsoul

thanks.. yea.. Iw as going to wait a few months of good payments and start hitting the streets. I wish I can find a good place to get a damn credit card without getting screwed over =-/.. I want to by the SC on it and make payment.. 5+ k is a little much to though down

__________________
[b]05 screaming yellow GT, shorty antenna, SLP exhaust(wow), ati procharger installed (finally). My Site http://www.trixtersracing.com/lostsoul.htm[b]

rxdork

If u have a home, do a home equity loan.
I got a good rate and can claim interest on my income taxes

__________________
'05 GT Mineral Grey
'97 Jeep Wrangler Sahara 4L V6
'90 Suzuki Katana 600cc
'87 Hunter sailboat 28.5

dRiBz

i have 3.25% im 18, have a totaled car. (Stupid Coyote) Limited amount of credit. But i also have 50k im my bank account, and put 22k down, so im guessing that helped.

lostsoul

I live in the bay area.. the only way to get a home is 1) both hubbie and wife are making 60K+ a year or 2) you have tons of family living with you

__________________
[b]05 screaming yellow GT, shorty antenna, SLP exhaust(wow), ati procharger installed (finally). My Site http://www.trixtersracing.com/lostsoul.htm[b]

Perilous

I would try online financing, like Capitol One or E-Loan.