Financing At Mark Dodge

[Leadchuncker]

While waiting on my order to arrive I’ve checked with my bank on financing but they’re waiting 4.25 percent. I wondering if Mark Dodge can do better then that and if they can just let them even though I’m from outta state ?
Thanks

 

[JA345]

Not sure about mark dodge, but shop around. Cedar point federal credit union around me has 1.99% up to 5 or 6 years and only 2.99% on 84 month.

 

[Leadchuncker]

Not sure about mark dodge, but shop around. Cedar point federal credit union around me has 1.99% up to 5 or 6 years and only 2.99% on 84 month.

My other bank is a state employee credit union and they won’t finance a dually what so ever.

 

[tyler2you]

MD quoted me 3.69% for 24 months last week.

 

[Leadchuncker]

Every thing is based on you credit score and with mine being 808 I figured I’d get a better rate. I just not sure if 4.25 is good or bad with my score that high

 

[Cseybert]

3.34% 72 months USAA

 

[Highcountry]

My credit union gave me 1.75% a year ago. The bank my wife works at would have been substantially more. Not all banks are competitive on auto loans, it's definitely worth shopping around.

 

[gpattikjr]

Well they just hiked the rates .25 last week so there is going to be some ripple effect.

 

[Thisnthat]

find another credit union to use as leverage....or use the one you have now - the only thing about leverage is that they may call your bluff and you have to use the alternative financing you're using as a comparison.

I bough in mid - Feb, before the rate hikes, I had similar credit as you 800+, the initial rate from MD was 4.44% - I have a local credit union that was offering 2.25% and said I'd just go with them if I couldn't get any lower...he ended up beating the 2.25%. this on a 3500 bighorn dually

Another thing about credit unions - most of the time they can beat their advertised rate as well...thing is most of them are already at a significant discount to what is in the open market that most people don't even ask.

 

[jort2750]

2.6% 75 month through mark dodge

 

[G’Dave]

2.6% 75 month through mark dodge

That’s dang good…


Sent from my iPhone using Tapatalk

 

[mcarey]

I'd get a few more quotes on your own. If you just did your first, the rest will be included in that pull and won't impact the temporary ding on your score any more than the first.

Reality is, whatever you're getting from a few vendors will be pretty close to MD. They may be able to beat it barely, but I wouldn't expect them to come in a point or two lower.

In my experience, most dealers can at best match what my bank offers me, and will usually either go with my financing or try to add in some basic incentives to go through their guys.