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Financing option


BigTex

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Just a quick note to all who might be looking to get a new SS (or anything else). I applied with an online lender last week - www.peoplefirst.com - for my loan on the new SS. I filled in the stuff and was sent a reply saying I was approved for the loan at 4.29% !! I did the math and if I take the $3000 incentives and 4.29% rate, my payments are about $13 cheaper than taking GMs 0%. I'm not going to finance more than $20K though. If you were going to finance the whole thing (or most of it), the 0% would be the best option.

 

Anyway, just wanted to let everyone know about peoplefirst.com. I should get my packet this week. I'll post back on the full results with financing from these guys after I get it done.

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Tex,

I was offered 3.59% for 60 months and took the 3K cash up front. In the end, it was $100 cheaper (paid tax on 3K less vehicle price) and the payments were about the same.

 

Nice part is I have an instant 3K more equity than had I took the 0%.

 

Chris

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