Financing for the Speed3. Please Help!

[todordd]

I finally got it two days ago. When I went to the dealership and after I told them the rate that I have found I was told the following: "We have good news! The owner of the dealership called and quoted a special rate for you: 5.74%". I expected them to pull that kind of crap and was pissed so I basically told them to shuv it and I sticked with mine.(headshake) I'd rather pay $3 bucks more per payment than allow them to make additional profit from the interest rates after playing me around like that.
Anyway, the good news is that the car is finally mine and I love every part of it! The car is awesome and goes like stink.
I tried to post a picture underneath and I hope it works.

 

[79_Limited]

Try Associated Credit Union. Anyone can join for $10.

I was able to get 4.9% for 60 months.

 

[justa4banger]

6.4 for 72 months with usaa 6.2 for 60, opted for the lower required payment incase of hardtimes, but i make a normal payment separate for the principal.
but this was back in Jan.

 

[CX-7owner]

Hello Mazda fans,

I am a new user of this forum and hopefully will soon be the proud owner of a Black Mica Speed3 GT.
This may be a stupid question (and one that might have been discussed already) but I was wondering what kind of financing and interest rates did you guys get for your MS3?
I was just at the dealership yesterday to pick up the MS3 that I have ordered but the dealership quoted me 8% interest rate on a 48 month loan! My credit score is 770+, however I have only one credit line and have credit for just 2.5 years. The dealer is saying that because of these two issues with my credit history I can not get a better rate with them. I also asked for the 3.9% APR special rate that Mazda offers but I was shut down by them claiming it was not available for the Mazdaspeed3. (bang)
Would you guys share your experience with the financing and let me know how to proceed? I still haven't picked up my car due to that and am going to look for some better loans out there. Any advise about good loan providers is greatly appreciated.

Thank you in advance for your help.

p.s. Couldn't put my hands on my sweet new ride yesterday due to such a stupid issue!(sad1) Please help...

After you secure a loan, You should consider opening up more creditcards, your file is too thin with one CC. Your FICO will drop after you open up these new loans/CC's, but it will definitely be worth it in the long run. 4 CC's max. for the average person of course, hahahahahah.

 

[gr3y]

getting a loan from a dealer is the worst thing you could ever do...

 

[Stu C]

getting a loan from a dealer is the worst thing you could ever do...

That's a pretty ridiculous generic statement to make

 

[shingojr]

so I'm assumming I will be getting high rate. Just grad, 23. Hoping to get a MS3 since it's my next step down from STi or EVO. I was assuming around 6.0% with my dad cosign.

 

[USAFdude02]

That's a pretty ridiculous generic statement to make

Actually the statement is kinda true. I used to work for a dealer and they add % on the back-end (unless you get promotional financing). Mortgages are the same way.

This is why most people unless they get promotional financing go with their bank.

 

[Stu C]

Actually the statement is kinda true. I used to work for a dealer and they add % on the back-end (unless you get promotional financing).

That's why it's a ridiculous generic statement. If you can get a lower rate at th dealer, there's no reason not to take it.

 

[henderan]

As of a few days ago, I was offered 6.15% for both my credit union and Capital One (through LendingTree.com).

 

[lebox97]

Capital One gave me the run around due to my moving/intransit to Florida (even though I financed 3 previous cars through them!) - walked into the Mazda Dealer last week in Orlando - walked out with 5.99% 60 month finance through Mazda - woohoo!
EDIT: & no down

no weird baked in additional costs and, got them to install a MS CAI (burnout)

 

[07_MS3_GTR]

bank interest rates

recently bank rates fluctuate from 6.5 to 8% depending on ur score, ur income, ur loans debts and etc. the dealer also takes a percent and a half to make money off of you so the best thing i did was got a joint account with a union member and go through their bank and i was approved for 5.5 % which is outstanding for a car loan up to 66 mo fixed! check through your job to see if they have good rates

 

[07_MS3_GTR]

Capital One gave me the run around due to my moving/intransit to Florida (even though I financed 3 previous cars through them!) - walked into the Mazda Dealer last week in Orlando - walked out with 5.99% 60 month finance through Mazda - woohoo!

no weird baked in additional costs and, got them to install a MS CAI (burnout)

what is a ms cai

 

[CTGrey02]

I ended up with a 6.1% 7 year loan through Roadloans.com No prepay penalty and they only offer 7 year loans.

 

[SPEED305]

capitol one gave me the best 6.00 for 5 years.

 

[Speed3xNoo8]

6.0% sounds pretty good!! tHanks for the tips guys and gals.. XD

 

[bast525]

Credit Union

6.3% financing on 6 year loan with $1000 down.

And my credit is far from perfect, score is in the mid-high 600's, but I have some uh... blemishes on my record

 

[gr3y]

$17,000 at 5.99% for 5 years... and I'm 19! Go USAA!

 

[redspeed3tk]

6.73% @ 48 with 14100 down haha gonna see what the dealer will do tomorrow

 

[CX-7owner]

6.73% @ 48 with 14100 down haha gonna see what the dealer will do tomorrow

I got 8.5 for 48months with Zero down.