Financing Options
#241
Rennlist Member
Originally Posted by gt4sf;[url=tel:18559113
18559113[/url]]For those folks who used American 1, what was the process like? Did they send you a check to give to the dealer? My dealer is dragging their feet and don’t want to accept their financing since no other customer has used them before and they are worried American 1 will pay slowly…
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gt4sf (01-08-2023)
#242
Rennlist Member
Big thanks to all that recommended American 1 Credit Union.
The process (credit form, copy of your license, and some recent pay stubs) post submitting the required paperwork, only took 1 hour to get approved.
Great rate for an 84 month loan.
Highly recommend anyone who’s looking for a loan to reach out to Daisy/William.
The process (credit form, copy of your license, and some recent pay stubs) post submitting the required paperwork, only took 1 hour to get approved.
Great rate for an 84 month loan.
Highly recommend anyone who’s looking for a loan to reach out to Daisy/William.
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Xxyion (02-07-2023)
#243
Big thanks to all that recommended American 1 Credit Union.
The process (credit form, copy of your license, and some recent pay stubs) post submitting the required paperwork, only took 1 hour to get approved.
Great rate for an 84 month loan.
Highly recommend anyone who’s looking for a loan to reach out to Daisy/William.
The process (credit form, copy of your license, and some recent pay stubs) post submitting the required paperwork, only took 1 hour to get approved.
Great rate for an 84 month loan.
Highly recommend anyone who’s looking for a loan to reach out to Daisy/William.
Also, for anybody seeing this who has recently done a 72 or 84 month, is the 4.99% mentioned above the best they’re offering?
thanks in advance
#244
Drifting
Thread Starter
Would you mind sharing the rate? I’m debating a call to them, but currently have 4.75% for 72 months at my credit union and just not sure that can be beat.
Also, for anybody seeing this who has recently done a 72 or 84 month, is the 4.99% mentioned above the best they’re offering?
thanks in advance
Also, for anybody seeing this who has recently done a 72 or 84 month, is the 4.99% mentioned above the best they’re offering?
thanks in advance
#245
Rennlist Member
I was quote by them at 4.99% for 72 and 5.49% for 84 .
I was able to get local 4.5% for 72 months . I think you 4.75 % is pretty good
I was able to get local 4.5% for 72 months . I think you 4.75 % is pretty good
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hungryhippo (02-08-2023)
#246
now to wonder when the dealer will call for me to pay for it… doing European delivery in April and have no clue when I actually pay for the car!
#247
Drifting
Thread Starter
Not sure if ED changes things but generally they will contact you a few weeks out from delivery and do all the paperwork as well as financing. I've heard that some CU are willing to let people essentially start paying off the loan early before they even get the car and then just apply that loan to the car when it gets here, but if your delivery is in April, unless you can get it locked for 3 months, the interest rate might change. America1CU seems to be least affected by rate changes compared to a lot of CU and banks I've talked to.
#248
Rennlist Member
I was in the 5’s for 84months.
Loan for 85K
Its taking my dealership over two days to adjust the Retail Sales Agreement, which is the only thing I need to provide to A1CU to get my check out the door… this is sort of pissing me off, bc I’d like these funds by Friday - GT4 might be ready for me to pickup this Saturday.
Loan for 85K
Its taking my dealership over two days to adjust the Retail Sales Agreement, which is the only thing I need to provide to A1CU to get my check out the door… this is sort of pissing me off, bc I’d like these funds by Friday - GT4 might be ready for me to pickup this Saturday.
#249
I was in the 5’s for 84months.
Loan for 85K
Its taking my dealership over two days to adjust the Retail Sales Agreement, which is the only thing I need to provide to A1CU to get my check out the door… this is sort of pissing me off, bc I’d like these funds by Friday - GT4 might be ready for me to pickup this Saturday.
Loan for 85K
Its taking my dealership over two days to adjust the Retail Sales Agreement, which is the only thing I need to provide to A1CU to get my check out the door… this is sort of pissing me off, bc I’d like these funds by Friday - GT4 might be ready for me to pickup this Saturday.
They want you to finance through them and dragging their feet is an easy way to get an understandably excited owner to close faster using their MUCH higher rates. If they'll match rates go for it, but we know they won't.
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fueledbymetal (02-13-2023),
HooosierDaddy (02-10-2023)
#251
Closed with Jolynn Rankin at American1cu about two weeks ago. 3.49% / 72. They honored a December rate, which technically expired Jan 14. Now same term rates are 5.99%. Wonderful experience, and recommend asking for the 3.49% if you’ve been in touch with them since last year.
Last edited by flatsixna; 02-11-2023 at 12:26 PM.
#253
Burning Brakes
Waiting on the VIN from my dealer for my Macan GTS so I can start this fun process of shopping for a loan in this **** market....
#254
Advanced
I got all excited until I saw that they have a pretty limited list of "eligible employers" - meaning you gotta work for one of those to be able to join.
Waiting on the VIN from my dealer for my Macan GTS so I can start this fun process of shopping for a loan in this **** market....
Waiting on the VIN from my dealer for my Macan GTS so I can start this fun process of shopping for a loan in this **** market....
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IndigoInkTaco (02-23-2023)
#255
Burning Brakes