10-21-2008, 10:31 AM | #1 | |
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Have you received your new CFC Rate Sheet yet?
I thought that this topic warranted its own thread - read below:
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10-21-2008, 06:41 PM | #2 |
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these new rates are insane! PERIOD! It's like they are basically saying, "go, go find loans somewhere else than CFC!" And thank goodness there are other options, Harris Bank, Cap One, Wells Fargo, US Bank, 5/3rd, Chase...
Last edited by good2go; 10-21-2008 at 08:18 PM. |
10-22-2008, 08:24 AM | #3 | |
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When I look at what Cerberus is doing to the GM dealers via GMAC it's hard not to think they're trying to do the same thing to the Chrysler dealers via Chrysler Financial. It's great that you've got so many other options to get your deals bought. Imagine how the dealer that's always been 100% loyal to CFC feels right now? It's not the best time to go out to the banks and try to start a new relationship. |
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10-24-2008, 09:47 AM | #4 |
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Well instead of requiring a 700 + score, just put the rate where it should have been and bring up the fed so investors can make more in retirement funds. I was looking to retire at age 60 (7.5 yrs to go) now I am not sure
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10-24-2008, 10:54 AM | #5 | |
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Ironically, all of the volatility in the stock market has caused a number of people to liquidate their holdings and transfer them to savings which ends up lowering the interest rates. I've read that none of this will come to an end until housing prices stabilize and some experts think we're still a year away. |
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11-17-2008, 04:28 PM | #6 |
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Chrysler also getting out of retail business!!!
Just pulled up the new rates posted on Route One(Effective November 18th); looks like Chrysler Financial has pulled out of "prime" retail business as well. 740+ customer buy rate is now 8.05% for 60 months; no more long term rates available. What happened to the "getting retail payments down similar to lease payments" when they pulled out of the lease business? That lasted, what 2 months? These people are unbelievable!!!
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11-17-2008, 05:10 PM | #7 | |
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First they slammed the door shut on leasing and now they're walking away from retail financing. The one thing I noticed the other day is that the Chrysler, Jeep and Dodge websites quote payments based on the CFC parameters - essentially higher rates and shorter terms. I saw a payment quote on a 2009 Ram the other day that was over $900 - that certainly won't drive customers into the showroom. |
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11-18-2008, 05:59 AM | #8 | |
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11-18-2008, 07:49 AM | #9 | |
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It's up now. They had put in on the "Business Center Headlines" section(left side of CF Connect homepage) last night. |
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11-18-2008, 08:00 AM | #10 |
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Okay I found it. However in the SEBC the best rate for a 740+ is 8.74%OUCH !!!! not 8.05% Max 60months
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11-18-2008, 09:52 AM | #11 | |
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I wonder why the retail rates would vary between Business Centers? The only time I saw that in the past was when CFC had a separate rate sheet for the Hawaii Dealers. When pressed, CFC admitted that they were getting slaughtered on repossessions in Hawaii and this was their effort to help cover their losses and limit their future exposure. |
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11-18-2008, 09:55 AM | #12 |
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Hey don't forget Route One always has the rate sheets, sometimes quicker than cf connect
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11-18-2008, 02:43 PM | #13 |
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I just looked at MWBC rate sheet,(today is my day off) are they CRAZY 9.04 A+ rate 60 mos max
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11-18-2008, 02:46 PM | #14 |
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11-18-2008, 03:57 PM | #15 |
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