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Manufacturer Financing Specials
Occasionally nearly all manufactures offer special finance
rates to consumers as an incentive to stimulate business.
These offers can vary from 0.0% to as high as 6.99%
depending on the manufacturer and the term of the auto loan.
There are a couple of things that are important to know when
considering one of these special rates. First, they are
usually offered only on brand new cars and trucks. Except
for the occasional special rate offered on certified used
cars and trucks, these special rates are designed to
stimulate sales of new vehicles. They are offered by the
manufacture, so their interest is selling the dealer more
new product, usually plentiful at the time of the offer. If
the pre-owned car you are looking at saves you thousands of
dollars, you must weigh the savings of the money in interest
you save against the price difference. Also needed to
consider is that all on these special rates are usually in
lieu of any rebates being offered. Very seldom do the
manufacturers ever offer special rates and rebates. Many
times when you take all the factors into consideration,
special rates do not always make sense for many consumers,
especially if you plan to trade the car in or pay the loan
off early, because the interest saved won’t be as great as
the rebate you had to give up to receive it.
The one time these special rates always are recommended is
when the consumer’s credit is marginal. Normally, the
manufacturers screen the consumers receiving these auto
loans for a certain credit rating. However, if you can
qualify for one of these special rates with a mixed credit
history, you will receive a rate normally less than what you
could acquire without the factories help. This is when the
special rates are an exceptional value. If you find that the
dealer cannot provide you with the special finance rate and
you have to pay a higher rate of interest, make sure you go
to the
capitalautosfinance.com
website and fill out an application to see if we
can help. It costs you nothing to check and could save you
thousands of dollars over the duration of your auto loan. |
