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8 %...... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Tue, 18 Jul 2006 11:55:28 In Reply to: kinda rates we talkin' about... n/m, blue, Mon, 17 Jul 2006 19:46:31 Members do not see ads below this line. - Help Keep This Site Online - Signup |
GMAC standard rates are not the best, but then again 5.9% availible stateside vs 8% is only $20 a month at 60 months on $3k for example. GMAC gets all the captive and used car paper, they don't compete for the "A" paper with low rates, they already have all the busines they can handle with each divisions individual subvented low rate lease and finance programs.
The point is most European Delivery customers don't need auto financing anyway, but there are quite a few of those who would prefer to if they could and now they can. Many outside lenders and credit unions have a difficult time with a European Delivery oweing to the requirement for payment almost before there is a VIN and the delay in the cars arrival and titling assurances.
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