How is Southeast Financial?

[janegowest]

Anyone use them? Any feedback about them would be appreciated!

[stfnwuf]

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

[avvidclif1]

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.

[Travlingman]

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.

[Us_out_West]

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.

[janegowest]

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?

[B_O__Plenty]

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.

[janegowest]

Excellent.

[Dumoldles]

How's your credit rating? This may determine which lending institutions the dealer may use.

Dumoldles

[janegowest]

I didn't know that dealers did a search for financing. I thought that they had their regular financing institutions lined up.

[Campfire_Time]

As far as terms, yes, most are about the same as one another. But this is kind of like picking a dealer to buy from. No two are alike, and some are certainly better than others. And some are really bad.

While I like the terms of the loan I have, it's a small credit union. Can't make online payments, and their customer service is terrible. Wish I had known that when the dealer did the search.

[B_O__Plenty]

I agree. One's about the same as the next. I like to deal with my local credit union. Go where you get the best deal. I'm thinking they're all pretty closely regulated. Is there some special reason you want to go there?

B.O.

[nickthehunter]

Is there any differences between companies? I thought they all were the same. They lend you money, you pay them back per the agreement and everything is good. You miss payments and things don't go so well.