I would doubt that those american banks are open to Canadians, usually when it comes to stuff like that, they have already thought out how best to have you keep your dollars on the canadian side where you will be spending more.
3.99 is the deal that Chrysler Canada has made with one Canadian bank. That's the rate I just got 3 weeks ago. You will see other rates on other cars, for instance I think GM has 0% right now on trucks, but be careful, their ad says 0% financing or $8,000 discount. The entire cost of my loan by the end of the term is $5,400. And I got a $13,500 discount.I was wondering what the options are for financing, specifically in Canada (Ontario). The rates from RAM dealerships here are 3.99%
Reading posts here it seems like our friends in the states are getting rates as low as 1.5% or so. Are these American banks an option for us Canucks? Seems like our Banks are not competitive with car loans for some reason.
As is always the case with just about everything, just maybe not maple syrupYou are absolutely right zoomie.... however it seems our American counterparts get much better rates
Good info, something to arm yourself with before stepping in.you can always bring your own financing to the table, when the dealer gives you a rate it always has their take baked in. Difference between buy rate and sell rate is their cut, if you have good cred you can beat that for sure...
This is the math everyone has to do at the table. Arm yourself with information about bank rates before you and be prepared to through this step.I was offered 0% financing, but I deferred for 3.5% financing to get a 3000 dollar rebate. The loan will only have $2100 in interest so I will net 900 dollars. This was on $29500 financed.