Interest rate

[Wass]

My dealer keeps telling me the best interest rate is 2.9, not 1.9. Anyone getting 1.9 recently? My credit is excellent. I think he is trying to squeeze some extra money since he sold me the car for $2,300 below MSRP. I take delivery tomorrow. Thanks.

[audi40]

Check rates at your local credit union or AAA:

http://www.southernnewengland.aaa.co...ancial.aaa.com

Dealership FI guys are generally willing to match competitive loan rates, rather than lose your business.

[NHman]

It can be common practice for the finance mgr to modify the interest rate (or money factor on a lease). This is back-end profit and often not contested by the potential buyer. According to True Car, 1.9% is valid from 24 to 60 months. The 2.9% is for 72 months.

My credit union is offering 1.5% with direct deposit and auto deduct.

[uberwgn]

Originally Posted by Wass

My dealer keeps telling me the best interest rate is 2.9, not 1.9. Anyone getting 1.9 recently? My credit is excellent. I think he is trying to squeeze some extra money since he sold me the car for $2,300 below MSRP. I take delivery tomorrow. Thanks.

You should go ahead and calculate the difference in payments (1.9% vs. 2.9%) and you'll realize you are talking about a couple of dollars on the monthly payment

[georgehf]

Originally Posted by uberwgn

You should go ahead and calculate the difference in payments (1.9% vs. 2.9%) and you'll realize you are talking about a couple of dollars on the monthly payment

It all adds up. Why pay the bank an extra 1% when you can use that money to get your car detailed once a year

[j1118almost]

Originally Posted by Wass

My dealer keeps telling me the best interest rate is 2.9, not 1.9. Anyone getting 1.9 recently? My credit is excellent. I think he is trying to squeeze some extra money since he sold me the car for $2,300 below MSRP. I take delivery tomorrow. Thanks.

I picked up my Q5 a couple weeks ago, was able to get 1.9 for up to 60 months or 2.9 up to 72 months, this was in northern New Jersey

[jbozz79]

Originally Posted by Wass

My dealer keeps telling me the best interest rate is 2.9, not 1.9. Anyone getting 1.9 recently? My credit is excellent. I think he is trying to squeeze some extra money since he sold me the car for $2,300 below MSRP. I take delivery tomorrow. Thanks.

$2,300 below MSRP - that's incredible!! I just got 2.59% for 72 months, and I assume you can do 1% better for 60 months.

[Wass]

Originally Posted by jbozz79

$2,300 below MSRP - that's incredible!! I just got 2.59% for 72 months, and I assume you can do 1% better for 60 months.

Thanks. I was pretty lucky. I've bought from my salesman 4 times in the past He located the car I wanted on the boat and I'll take delivery tomorrow. We settled at 2.59% for 48 months. I'm not financing much so its not a big factor.

[AmyL]

We just picked up our '12 Q5 this week and we were able to get 1.9 for 66 months at $1500 below MSRP.

[Mr Kram]

congrats, but FWIW it's 1.9 for tier 1 credit up to 60 months.