As I type this question, im sitting here waiting for my salesman to call me to come and pick up my car. But wait, he calls and says he can get me financed through the dealers bank for a lower interest rate. Does this seem fishy to you??
2006-11-01 09:55:06 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
It doesn't sound fishy because they want your business so they will attempt to give you a lower rate if possible. Any interest you pay through their finance company, they may get a kick back on a portion of it.
However, READ THE FINE PRINT. their lower rate may include fees that you wouldn't be charged if you went with Capital One.
Ask them to draw up the loan paper work and compare the loan duration, and payment to what Capital One offered you. After that it's up to you to determine which loan to sign.
2006-11-01 10:23:14 · answer #1 · answered by hsueh010 7 · 0⤊ 0⤋
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2016-09-26 18:50:51 · answer #2 · answered by ? 3 · 0⤊ 0⤋
It sounds to me like the salesman called you too soon after they found out one loan company approved you. A local bank would be much better to finance through than capital one. Capital one you really dont want to use if you can avoid it
2006-11-01 14:40:30 · answer #3 · answered by Johnny 7 · 0⤊ 0⤋
I doubt that they sold your old car at auction that quickly and they are trying to make a power play to get you to agree to a higher finance rate. I would stick to your guns and make them meet the original terms. They make money on the finance deal as well as on the sale of the new car and the sale of your trade in. If necessary speak with an attorney to get his/hers legal opinion of the situation. Good Luck
2016-05-23 05:59:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋