Damn. It was only a silly question.

0 down. 0 interest. 0 Evo. That is funny, though. Here's another question (brace yourself): What kind of interest rate does Mitsu Credit offer?

e in sin city

 

i'm sure they just go through a bank and maybe slap their name on it, which should give you standard rates, which all depends on your credit rating. you do have a 700+ rating, right?

 

atvalet. You know that comment I made was in gest, right?

If you have a home, apply for Home equity loan. You can then write off the interest [28% of the interest paid back into your pocket during tax season]. Besides, equity loans are simple interest loans, unlike auto loans(Compound). Which means you pay most of the interest in the early part of the auto loan. Even if you paid off the loan early, you will end up paying more interest than a simple loan.

If you don't have one, then you may want to go to a credit union instead of a regular bank. The standard Dealer loans are just from the regular banks. They will try to get you to agree on a higher interest loan. They then hand/sell your loan off to one of the banks. Why not do this yourself to get a lower interest.

The special interest loans seen on TV are subsidized by the Manufacturer on high volume cars to keep those vechicle off the sales floor so they do not have to stop production. It costs more to stop production floor then to sell you with a subsidized loan. Look at Ford, they just reported $5.1 Billion lost just this last quarter partly because of the subsidized loans.

So we will never see that 0,0,0 thing for the Evo.

 

I know you guys were kidding, it's just that I thought it was a particularly good slam ; )

I guess getting a credit union to give me a car loan would be a smart move. Luckily, I belong to one. I'll have to look into that and see what their rates are. Too bad I don't have a house.

e in sin city

PS: If I did buy a house, I'd be stuck in Vegas too long.

 

you should just make e in sin city your signature.

 

Then I wouldn't get the pleasure of typing "e in sin city" every time. I used to valet park cars in Atlanta during grad school, hence "atlvalet." Hey, I just used "hence" in a sentence. I don't talk like that, I swear.

e in vegas ; )

not on e in vegas

 

Yeah, with out a doubt a credit union is the way to go. You can also buy the car from mitsu, see what rates they give you....and always get it refinanced through the CU. Hopefully your not a first time buyer though...rates for 1st timers are always sky high, but even if thats the case you can always refinance after about 7 months or so and rates will drop dramaticly.

 

when you refinance, its considered a used car loan, so you'll get a higher rate than a new car loan.

shop around banks and CUs and look for the lowest rate on a preapproved amount. dont talk to the salesman about how you're gonna pay or any potential trade-in until the end either. keep those scumbags in the dark!

i tried to throw in a "hence" but couldn't bring myself to it...