Quote:
Originally Posted by Vic55
You should still get a good non captive rate even better than BMW FS if its less than 2 years old. Is the dealer a franchise store?
Wells is doing 1.99 at 72 on tier 1 auto approvals with ltvs under 90%... but you have to use the indirect channel. Chase is at 2.09 at 72 with similar ltvs.
Mid 2's at 60 months on top tier credit is basic and normal right now.
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on 1/15 I got a 2019 M5 Comp from a Mercedes dealer. 2.75% for 72 mos on a $59k loan, 872 score, low DTI. I couldn't pull off any better than that from any other lender. But in fairness if lenders are offering rates that aren't advertised publicly, I wouldn't know. Normally Wells Fargo isn't on the list of people I'd call to ask.
Just goes to show that right now, you can find cheaper money in places you aren't expecting. So ask every bank you do business with--don't just look at rates on their site, actually call and have a conversation. Especially if you already have a relationship with the bank.