How is Southeast Financial?

It's interesting that many will look for the best deal but not check out and negotiate the best finance. I like to use banks that I've worked with before, I've found that I've been able to ask for a get a better deal from them.

avvidclif1 wrote:
I would add a note to that. There are over 1000 ways to figure interest. I don't go by the rate but the monthly payment. I tell them the size of the loan and the term. I get a monthly payment that I can compare to another monthly payment. Many times you will find the lower rate has a higher payment. It's all in how the interest is figured.

I agree whole heartedly with this post. Two things to consider:
1) Monthly payment.
2) Balance at end of 3-4-5 years?

You will find quickly how one interest calculation can affect the balance.

avvidclif1 wrote:
I would add a note to that. There are over 1000 ways to figure interest. I don't go by the rate but the monthly payment. I tell them the size of the loan and the term. I get a monthly payment that I can compare to another monthly payment. Many times you will find the lower rate has a higher payment. It's all in how the interest is figured.

Really?! How can that be? Don't understand, but we will look into that aspect.

Yes, we have insurance with State Farm, so I already checked. Their rates were not as good as Southeast or Suntrust.

Try State Farm Bank. We refinanced our FW with them. Good rates.

I would add a note to that. There are over 1000 ways to figure interest. I don't go by the rate but the monthly payment. I tell them the size of the loan and the term. I get a monthly payment that I can compare to another monthly payment. Many times you will find the lower rate has a higher payment. It's all in how the interest is figured.

Since you have excellent credit, after you get your rate from Southeast, check with Essex Credit/Bank of the West. There website posts there rates. After finding out what rate and terms you qualify/want then go to dealer. Know what your credit score is, tell dealer the rate you have been approved for, your score and tell them to beat it. They can call the lenders they use and get rough figures without a hit on your credit and get you a rate. Sometimes they can beat what rate you have, sometimes they can't.

B.O. Plenty wrote:
Best to shop financing on your own. Dealers get a kickback from the companies they use, which ends up costing you more money..

B.O.

Best post in here.

B.O. Plenty wrote:
Best to shop financing on your own. Dealers get a kickback from the companies they use, which ends up costing you more money..

B.O.

Would you care to explain with numbers?

Best to shop financing on your own. Dealers get a kickback from the companies they use, which ends up costing you more money..

B.O.