Car finance- where is the best deal???? - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
The Pub For General Discussion

LinkBack Thread Tools Display Modes
post #1 of 11 (permalink) Old 02-20-03, 08:52 PM Thread Starter
Ford Europe Wannabe
TurboDOHC's Avatar
Join Date: Apr 2001
Location: Good ol' Geelong
Age: 34
Posts: 754
Car finance- where is the best deal????

I am in the process of thinking about getting a car loan and i was wanting to know where you guys and girls have been getting finance from????

RACV has interest at 8.25% and seems to be competitive. Other banks seem to be between 10-11% Without giving away too much personal info.........where did you get finance from and at what rate?

Any other tips you would have would be much appreciated for a car loan novice like me.................thanks
TurboDOHC is offline  
Sponsored Links
post #2 of 11 (permalink) Old 02-20-03, 10:30 PM
Pursuit Reincarnation Dog
Aussie Pete's Avatar
Join Date: Apr 2001
Location: Melbourne VIC
Posts: 7,777
I've got finance at 6.45% on a lease. It's from cough cough splutter Toyota......

BA'1.5' Pursuit 290
Lightning Strike / Reflective Orange Stripes

'General' Dog - AP's German Shepherd and Best Mate - 02Dec1998-15Dec2003.
'Pepper' Dog - General's and My Little German Shepherd Sweetie - 1996?-02Apr2006.

'Sako' Dog - My Beautiful and Pretty German Shepherd - 2001?-23Aug2006.
Aussie Pete is offline  
post #3 of 11 (permalink) Old 02-22-03, 02:51 AM
shaft's Avatar
Join Date: Jul 2002
Location: Horowhenua
Age: 41
Posts: 682
Talk to the finance dude at the sealership. I don't know what it's like in Aus, But over here a smart buyer should be able to haggle the car and the finance. The dealer buys the finance from the finance co. at a set %. If you can find out what the % is, you know how far you can push deal.


shaft is offline  
post #4 of 11 (permalink) Old 02-22-03, 04:32 AM
Registered User
ir33t's Avatar
Join Date: Nov 2002
Location: Melbourne
Age: 33
Posts: 341
got a personal loan from the national bank.

AU Series 1 I6 Futura, 17" XR Series III Rims, Kings superlow springs and Bilstien shocks, K-MAC adjustable caber kit, xr8 snorkle, BMC Filter, EF a/box lid, custom storm water pipeing, pacemakers, h/flow cat, 2 1/2" zorst mandrel bent, dyno'd @ 117.2kwrw b4 bmc
ir33t is offline  
post #5 of 11 (permalink) Old 02-22-03, 05:03 AM
laminge's Avatar
Join Date: Feb 2001
Posts: 10,402
last i checked at bank re leasing the rate was around 7.5%
laminge is offline  
post #6 of 11 (permalink) Old 02-22-03, 05:25 AM
Registered User
Join Date: Nov 2002
Posts: 639
8.0% at Ford Credit.
JG33 is offline  
post #7 of 11 (permalink) Old 02-22-03, 04:53 PM
Registered User
Join Date: Aug 2002
Location: VIC
Posts: 911
Ford dealer (using Esanda) offered 6.95% using a Chattel Mortgage (business deal where you prepay GST and reclaim in BAS) however he first offered 7.2% before he know I was able to go with chattel. You CAN haggle on rates regardless of what they say!
Curls is offline  
post #8 of 11 (permalink) Old 02-22-03, 07:16 PM
Registered User
Join Date: Dec 2002
Location: outback QLD
Posts: 1,192
6% here with Westpac, goodluck getting it cheaper then that tho.
BIGBADAU is offline  
post #9 of 11 (permalink) Old 02-23-03, 02:38 PM
Ford Member
Join Date: Aug 2001
Posts: 259
Guys - don't be so rate conscious - it's the big picture

Don't forget the fees, fees, fees..

Banks woke up to this ages ago that people want the low rate, so they make up for it in other ways.....

"Non-Engineer - Guinea Pig Type" - aka Wavy Gravy
Bluey is offline  
post #10 of 11 (permalink) Old 02-24-03, 06:42 AM
a little bit sideways
rsgerry's Avatar
Join Date: Dec 2001
Location: in a ditch
Posts: 1,258
depends if you are getting a loan or lease. if it is a loan, look at the rate, look at the fees, look at the features. read the contract before signing.

find out if you can make additional payments...find out if those additional payments actually save you anything (one well known finance company allows the additional payments, but because interest is calculated and charged at the start of the loan, it doesnt make the blindest bit of difference). generally banks are slower to foreclose on the loan than a finance company.

yes, the rate is important, but so are many other factors. BTW, i work for a bank so get a loan deal like you wouldnt believe

You wash your car like it was your firstborn child, you tend to its needs like it was your own body, you protect it like it's your family, then you drive it like you stole it.

Weapons of rice destruction

2002 Ford Falcon AU3 XR6
1985 Ford Sierra XR4i
1980 Ford Escort RS2000
rsgerry is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > The Pub
Gear in this thread - Powered by O'Reilly Auto Parts

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford steps up search for finance chief Stacy94PGT Ford Worldwide News 0 03-04-03 11:20 PM
NEONE bought mags on interest free terms, or finance? antigravity The Pub 3 05-04-02 08:58 AM
Trouble with my Finance people Pearly The Pub 22 04-30-02 03:51 PM
Camplin signs deal with Seven Falchoon The Pub 0 03-05-02 06:26 PM
Ford Finance Promotions SnaggS The Pub 0 10-11-01 05:03 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome