06G5GT

Went in to hash out some numbers tonight for an SS. Found a Silver one within a few hours drive. The deal on the car is good. I combine supplier pricing with 4k cash adjustment, $750 maintenence credit and $500 lease loyalty.

Just waiting on what kind of rate I get on the loan before I pull the trigger.
I hope it's a decent one. My Fico is 799 and would be higher if banks would mark closed instead of open on loans have been dormant for a decade or more.

What kind of bank rates are others getting?

1WhiteSSTC

GM gave me 2.9% $250.00 down, and my payments are $458/month, i also pre-ordered mine 3months before it arrived, not sure if that made a difference positive or negative.

Gatortrash1109

Not sure about how things are in Canada, but in the states you would probably be looking at 5.5-6% for 60 months, 6.5 for 72.

1WhiteSSTC

in we get lower financing rates, i worked out the exchange rate and my ss/tc was $28,290CND($22,670USD) at 2.9%, had i done a shorter term i could have gotten 1.9%

06G5GT

Yeah, I'm looking at various bank rates on Google and the US banks seem to be giving better rates than up here. I do all my banking with a local credit union and they offered me 8.9% which I laughed at. Back when I had almost no credit, the same credit union gave me 8.5% on a car loan.

Is that a bank rate or a GMAC rate?

1WhiteSSTC

GMAC FTW

06G5GT

I figured that. How long ago did you get it?

The current 4k cash rebate isn't applicable with the 0% financing special currently going. Maybe it is for 2.9% though. Something else to find out about.

1WhiteSSTC

I've had my 09 for about 6 months now, at the time the 0% special financing was only in the USA so I couldn't get my hands on it

tom.g

iTrader: (4)

I was at a Dealership in Calgary, Alberta on Tuesday just looking at some rough numbers and the guy basically said its either:

$4000off @ 8.95% interest or
$0 off @ 0% interest

Force

I got lucky with mine... Originally 6 years @ 2.9% with zero down, plus $1,300 in rebates (student + dealership).

The day my car arrives, they come back and say GMAC wants to dump 6 year financing and offer me a $5,000 pre-tax credit in exchange for switching to an RBC loan at 8.75%. Worked out to $1,800 cheaper for me over the full 6 years.

...Except we flipped the loan the next week to my dad's line of credit, which is at prime. Now somewhere near 3%, I believe? I'm also paying the loan down in 2 years rather than 6.

If you can follow the math, I somehow managed to pocket about $6,300 in discounts due to sheer luck while still ending up at a 3% rate.

oowah

Definately good deals going around right now, at least in Canada. My understanding is that the cash deductions ($4000) only apply when getting outside financing (not GMAC) though.

007G5GT

First of all, don't even think about it, just do it, lol...I traded in my '07 G5 GT for my SS and am reminded why I did it every day when I put my right foot down Couldn't be happier with the decision.

As far as a rate I got a 5.2% interest rate over 60 months on my SS, after all the rebates (was the last new '08 SS in AZ if my dealer wasn't lying) the sticker was 20480 plus 6k of negative equity, minus a 2k down payment for 24480 total financed. My payments are 443/month, this was with a FICO in the mid 700's thru a local credit union that the dealer setup the loan with.

G Speed

Cash FTMFW :P

06G5GT

Well, as it turns out a great rate is not to be had. The dealer got me 8.35% and my credit union was 8.9 both locked in. The CU also offered 7% variable rate. But the killer was that the disability insurance the dealer offered was cheaper than what the CU offered, enough to offset the interest and then some.

They are quoting me $678 a month for 60 months. If they can get than down to $650 a month than I'm signing. It's $100 more than I wanted to pay but that $100 is basically my lease obligation.

Wish me luck.

krispy

As long as you stop using cliche phrases I'll be happy

06G5GT

Why don't you create a faq of how we are and are not supposed to talk so we don't offend you your honour?

krispy

honor? perhaps you would like to undergo the fla-kef?

dougjp

Now I'm confused. I thought the $ 4,000- cash delivery allowances on the SS expired March 2? Doesn't show on GM Canada's site when searching and bringing up the page for cash incentives(and it did before). Can anyone clarify?

metroplex

We only get a $2500 cashback (USD) or about $3100 CAD.

06G5GT

Nope, it's still going. I did notice the Cobalt being missing on that incentive page though.

Try building an SS with your postal code. The $4k will show up on the left side of the screen.

1WhiteSSTC

so? u gunna pull the trigger dood?

06G5GT

I'm going in to talk to them tomorrow night. If they come down to my terms then I'm going to sign. They will still get the car for more than invoice plus they get the kickback on the financing. But if don't want to do it, I'm walking.

metroplex

Can your dealer offer GMS pricing? If not, do you know anyone that works at GM? A friend was able to get me a GMS discount code, so no haggling is required to get $1000 USD below invoice.

06G5GT

Supplier pricing here in Canada is different. It's invoice plus 4%.

FutureEcotecOwner

Not sure if I got a 1.9 or 2.9% rate, but over 60 months my payment is only $335.