Well, yes and no. Yes it was the Ford finance guy but I think most all of these guys source 25ish different banks. There must be incentives on the back end for them to use certain banks and get higher rates
Fmcc does not offer rates that low. Dealer used some bank or credit union to get that.
Bs! Called bofa auto rep I know and bofa doesn't offer 1.29% for 72 month auto loans in any circumstance.
A 1.29% rate is not offered through bofa. Not on 72 months, so I didn't want anyone expecting that.
Everyone's situation is different, so they shouldn't expect to receive what I or others got, even under similar circumstances.
Damn. 7 year loan? I don't understand people.
True, but the rep made it very clear that a rate of 1.29% for that length of loan is not offered nor would it be under any circumstances. So again, no one needs to be led on that this rate is attainable when it is not.
This will be my last reply since we’re just going in a circle. Everyone's situation is different, so they shouldn't expect to receive what I or others got, even under similar circumstances. I got that rate without any prior research and it was done at the dealership at the time of delivery. I’m sure there are even better offers that we haven’t heard from yet.
That offer doesn't exist. Only way to get a rate that low is for dealer to buy it down. So no way you got 1.29 for 72 months with bofa.
I did DCU as well. Approvals last for something like 45 or 60 days, and then you can have them FedEx the check directly to you after you provide them with pricing specifics (they require something more official than a hand written agreement but less official than a full purchase agreement, YMMV). The check itself is good for another … 60+ days. So locking in very early is quite possible
