Forum Discussion
jimbo4UT
Nov 14, 2020Explorer
Finally our loan is all done. The biggest frustration is no communication. BUT THE ONLY reason we used them is we got 3.89 financing. We could have used another lender and been done weeks ago but not at 3.89. People a dealership is not your friend on a loan. They will make up any excuse not to give you the best rate but we worked hard to have great credit and an 826 credit score deserves the best rate even if we did have to wait. Remember the dealership gets a kickback from whomever they get you the loan thru. I even told mine i will go that way provided i get the kickback. Hey they didn't find me, get my credit score to 826 or anything. By simply having you fill out your loan application at there dealership they MAKE MONEY off of you. I got a laugh and we don't do that from them on the kickback money. It's easy money and they are not giving it up. They are banking on you being so excited you won't mind paying 100 bucks more a month for 20 years, gee its only 24,000 dollars but who's counting :) Remember the higher interest rate you pay the more kickback they receive.
Out
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Out
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