[Draper]

Navy Federal is currently in the high 3s. You can qualify if you have a family member in the military. Their application is stupid easy, and they mail you a blank check you write to the dealer (lock is good for 90 days).

They also have a $1K/2K rebate (depending on your region) through TrueCar.

I'll take 3-4% financing all day long instead of tying up ~$100k.

[DocWeatherington]

Originally Posted by Aalfred

Its also region specific. Ive looked at like 6 credit unions in the SE Wisconsin area and most of them start out at 5% for 60 months. Only two had lower rates and the lowest was 2.9% for 36 or 3.35% for 60 months. Maybe bigger metro rates might be lower with the credit unions

About shopping around...could always ask...will you meet another CU in the state.

[Aalfred]

Originally Posted by DocWeatherington

About shopping around...could always ask...will you meet another CU in the state.

I think for the CU, to be a member you need to be a resident of the state. I saw a 1.9% at Amplify CU in Texas but they wouldnt consider me as I was out of state. Also, its weird that CU over here dont have a direct number to the bankers and dont have loan officers on site at their branches. You have to call a 1800 number and they take the info and pass it on. When u walk in to the physical locations, they just have a teller or videobanker. I guess its the sign of the times

[DocWeatherington]

Originally Posted by Aalfred

I think for the CU, to be a member you need to be a resident of the state. I saw a 1.9% at Amplify CU in Texas but they wouldnt consider me as I was out of state. Also, its weird that CU over here dont have a direct number to the bankers and dont have loan officers on site at their branches. You have to call a 1800 number and they take the info and pass it on. When u walk in to the physical locations, they just have a teller or videobanker. I guess its the sign of the times

Might be able to find an CU out of state...how much is it worth? Check career paths, schools, social circles haha

[canigetaxm]

Originally Posted by amrh

What's the difference between a lease buyout and purchasing your leased car? I know taxes are paid on a purchase. But, for a buyout, does that require a dealership or trade for another car?

lease buyout= lease is up and you pay determined residual

purchased your leased car = buy car before lease is up for residual , remaining payments unpaid tax and any remaining unpaid fees
if you want to trade for anything other than BMW you must buy out your lease first.