Grit dog wrote:
^What SP said. The Fed rate can do what it does but dealers/mfgs, whomever is holding the notes can also lower rates as incentives. Happens every time. Just hasn’t happened in a while.
Yesterday afternoon was kicking tires at a local Chevy dealer on a 2024 Silverado 3500 SRW LTZ. They were willing to drop from sticker of $83,000 and change to $76000. The finance guy was certain if I financed @ $50K after trade in for 72 months, he could get me @ 3.00% on the financing, but I'm not biting. I dont know who's paying these 8-9% rates on new vehicles? People with bad credit or fools?