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question about corvette financing?

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Old 02-03-2007, 05:55 PM
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Old 02-03-2007, 06:46 PM
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seems maybe a little high but depends on the market it your area, i got my 99 with 17k 6-speed for 24. it also depends on the overall condition, i looked a many in that price range and they were beat to crap. so i spent a little more than i wanted to but got a very clean low milage car. whats your trade? is the 22 the final price after financing too?
Old 02-03-2007, 08:54 PM
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I got 5.something percent on my 98. Well I didn't, my mom's b/f helped me out since his credit is about what yours is.
Old 02-03-2007, 08:58 PM
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Depends on what lenders you work with. The dealership will have a network of lenders they work with. Tell them your wishes and see if they work with anyone who can meet your needs. If you can find a credit union and open an account you can get in the 5's. Traditional banks will rob you blind on used cars.
Old 02-03-2007, 09:56 PM
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Old 02-04-2007, 09:53 AM
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Typically speaking, I you are credit worthy you can get the same rate as you would get if you were buying an 04. The only difference is, is you will have a much shorter term. On the 99 you'll probably only be able to get 36-48 months. Maayybbbe 60, but thats really pushing it.

If you havea credit union check with them FIRST. Thye tend to have much better rates on used cars.
Originally Posted by HFLDtA
22k is the amount I will be financing. I held out because I couldnt get them any lower and I didnt want to end up with numerous credit inquiries and a 8% rate from the dealer.
Old 02-04-2007, 11:42 AM
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my credit union will do 60mo at 5.9% for that year for me...
Old 02-04-2007, 02:22 PM
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Old 02-04-2007, 03:44 PM
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The dealership opened an account for me. You need to be a member to get the rate. You can open a secondary checking/savings account and get the low APR. My account has something like 10 bucks in it.
Old 02-04-2007, 06:33 PM
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cool thanks
Old 02-04-2007, 07:03 PM
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id have to say that 22 out the door with all taxes and final financing over the 60mo doesn't seem too bad. have fun with the car!
Old 02-04-2007, 08:58 PM
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What did you trade in and still pay 22K for? That seems high. I picked up my FRC for 23K with 43K miles. I had to go through a Credit Union for my loan, they usually have the best rates too.
Old 02-04-2007, 10:45 PM
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Old 02-04-2007, 10:57 PM
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Old 02-05-2007, 11:04 AM
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I'd never by a car if it had those issues.
Old 02-05-2007, 01:06 PM
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Originally Posted by HFLDtA
Im lookin at a 1999 corvette A4 with 51k miles. They want 22k OTD (this includes my trade). Can I get a decent rate even know the car is 8 yrs old? I have great credit with a beacon around 740. I know Vetts have outstanding value (this one is worth 22k suggested retail)! Thanks in advance.
I got 5.2% on my 99 in May of last year. It all depends on your credit and what the interest rates are doing, and my credit was the same as yours when I got my Vette.

As for your issues:

1. If the body panels are flush, you're ok. There's a bit of give in the doors I've noticed. The air you're hearing above 70 is probably from the window/targa top.

2. This is a common occurrence, it's a rubber bushing in the seat assembly that wears out. About a 2 hour fix per seat.

3. Car is made to run at 200-220°. Oil pressure at idle being 15 PSI is a little low, but nothing terrible yet.

4. Squeaking in the steering column is a common occurrence too. Not a major factor.

5. The Vette's put out the same RWHP as the F-body because of the IRS. They'll run slightly faster times, but where it really shines is the corners and braking. I.E. just because it doesn't feel faster doesn't mean it's been abused.
Old 02-05-2007, 02:11 PM
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thanks alot!
Old 02-06-2007, 07:30 PM
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If you can't do the seat fix yourself it's going to cost you some bucks! "Rocking Seat" syndrome is a constant problem with C5's. Check the bolts first. Mine were just loose. Otherwise you may have to replace the entire seat rail assembly.
Old 02-09-2007, 04:03 PM
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I financed about $15k over 3 years and got 5.6. That was a year ago, and i have the credit union automatically withdrawing the funds out of my checking account.
Old 02-10-2007, 11:42 AM
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Originally Posted by 05duramax
seems maybe a little high but depends on the market it your area, i got my 99 with 17k 6-speed for 24. it also depends on the overall condition, i looked a many in that price range and they were beat to crap. so i spent a little more than i wanted to but got a very clean low milage car. whats your trade? is the 22 the final price after financing too?
There is a 2002 Z06 with only 28K listing for 29,000 locally and you could probably bargain it down a bit. I think there are probably better deals out there on a regular C5.



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