Curious to know if anyone purchased recently has some numbers to share. i’m currently looking at some CPO Macan T’s but the recent hike in interest rates is holding me back.
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Just went through this. PFS is 1-2% higher than banks/credit unions. I ended up with 6.1% through B of A, no prepayment penalty and I can refi with no penalty if rates decline.
VW credit was at 6.49% the other week if that gives you a rough idea. If you can get anything that starts with a 5 these days I’d say that’s a pretty good rate.
I got 5.99% through BofA on a CPO just last week. I think that was aided a bit because I’m a Bank of America “Platinum Rewards Member” or whatever. Was probably good for knocking a quarter of a percent off or something like that.
Dealership did say it was the best rate they’d seen in a few weeks, but I assume they were just blowing smoke.
0% if you pay cash
This is what I do, unless there’s a rare 0% finance option.
Nothing is 0%. You’re missing out on what that cash would be earning. 5-year treasury is ~4.4%, so that would be your true cost.
digital CU 5.99 45 days ago
Don’t get a Macan T. Have you driven the 6 cylinder versions? The T is ridiculously anemic. You’re gonna get smoked by a Camry lol. But in all seriousness, drive an S or GTS before buying an expensive car.