House of cars representing a buyer - is it legit?

[Disoblige]

What is a good rate?
To me, a good rate means under 2%

[Mitsu3000gt]

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What is a good rate?
To me, a good rate means under 2%

Yeah 0-2% or so is what I consider good as well. It definitely has to be lower than HELOC rates.

[Hallowed_point]

Where do you get these rates on used cars? I'm at 5.9% which I thought was decent.

[Disoblige]

^^ You typically don't, unless it's some sort of certified pre-owned special at a dealership. I think we were just talking about what we would consider a good rate is in general.

[Hallowed_point]

Fair enough, that makes sense

[shakalaka]

Bank financing will rarely ever get you rates any less than 4%. Typically big dealers that have their own Financial Services like BMW, MB, Audi etc - they can negotiate lower rates with the banks simply because of the volume of business they do. That's how they are able to offer rates like 0.9% or even 0%. That's my understanding anyway.

[ercchry]

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Bank financing will rarely ever get you rates any less than 4%. Typically big dealers that have their own Financial Services like BMW, MB, Audi etc - they can negotiate lower rates with the banks simply because of the volume of business they do. That's how they are able to offer rates like 0.9% or even 0%. That's my understanding anyway.

Depends... all of the sales they have surrounding low rates are simply bought down by the dealer/manufacturer.... and of course that’s passed onto the end customer. This is why you usually see a cash incentive or 0.9% financing

[HiTempguy1]

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Depends... all of the sales they have surrounding low rates are simply bought down by the dealer/manufacturer.... and of course that’s passed onto the end customer. This is why you usually see a cash incentive or 0.9% financing

But again, for new, not used.

Servus had the best deal I've ever seen on new car rates provided directly by a bank, just strictly a car loan, 3.49%. They extended this to basically anything with a registerable VIN, and had to be 3 years old at most, so I bought my brand new 2 car enclosed trailer with it, would have been silly to have paid cash at that rate.

As for the rates manufacturers offer, that all depends on so many variables. A lot of the advertised "20% off msrp" deals the duhmestic manufacturers do are based on cash sale. 0% interest loans aren't really 0% interest (they can be if negotiated right).

[The Cosworth]

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But again, for new, not used.

Servus had the best deal I've ever seen on new car rates provided directly by a bank, just strictly a car loan, 3.49%. They extended this to basically anything with a registerable VIN, and had to be 3 years old at most, so I bought my brand new 2 car enclosed trailer with it, would have been silly to have paid cash at that rate.

As for the rates manufacturers offer, that all depends on so many variables. A lot of the advertised "20% off msrp" deals the duhmestic manufacturers do are based on cash sale. 0% interest loans aren't really 0% interest (they can be if negotiated right).

Not true actually. Hyundai bought the interest rate down on my wifes SUV and it was used. Had to be 'Hyundai Certified' or some shit. Negotated down, inspection cost $1500, they fixed some stuff, Hyundai Canada bought down the interest rate saving us like 3k. So we saved money, Hyundai got our money to pay for shop rate, and Hyundai Canada paid down the rate.

[ShermanEF9]

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Ummmm...

Roadsport is also in the category of sketchy

https://calgaryherald.com/business/l...ing-38-charges

[max_boost]

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Roadsport is also in the category of sketchy

https://calgaryherald.com/business/l...ing-38-charges

Weren't they giving out a free shitty car after each Flames game? haha

[ShermanEF9]

Yup, after they win or something. "TODAYS PRIZE, A 2001 PONTIAC SUNFIRE!"

[btimbit]

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Ummmm...

What?

[hurrdurr]

I’ll bump this.

I had a couple House of Cars locations reach out to me for consignment or to help with providing financing but on Tuesday the Olympic location let me know that they could sell my car for me and to bring it down.

It’s a 40 minute drive and I wasn’t feeling like driving 40 minutes to potentially be lowballed so they asked me to send multiple pictures so that they could show their client. Photos sent. Couple hours later they said the car is sold for asking conditional on inspection. Next day they send someone with a D plate to take the car for inspection. Couple hours later they sent me a bill of sale to sign and the sale was complete.

Completely painless and they were extremely accommodating to work within my schedule.

I’ve never had an opinion on House of Cars before but this experience was incredible. I fully expected that I would be in a situation where I would have to keep lowering my price or accept a lowball but they didn’t even try to negotiate price with my whatsoever.

I dealt with Justin (Sales) and Ethan (Manager)

[Jeeper1986]

old thread but i cosigned house of cars to sell my car hasnt sold yet but hoping soon