eloan.com

[Shawnster]

Just an FYI... if you go with eloan, which I think I will. Call and ask for a better rate, they will tell you they don't counter offer etc. I was told no. Then I got an e-mail back 5 mins later telling me my new interest rate is now over 2 points lower BTW Capital One's peoplefirst.com gave me a rate that was laughable, so high I think they must have been smoking something and yes my credit is good

Shawn

PS. I was not sure where to put this thread, feel free to move it if it’s not in the appropriate location.

[davidac]

so what is the rate? What rate did Capitol One quote you? What rate did you get at eloan?

[Shawnster]

Well... its not great 5.19% BUT thats for a 72 month 3rd car loan for up to $41,000 . Captial One quoted me 9.99% !!!!!!! CrAzY !! and oh yeah... eloans first offer was 7.89% so I am pretty happy with 5.19 for a 72 month loan with two other car loans open.

Shawn

Quote: Originally Posted by davidac

so what is the rate? What rate did Capitol One quote you? What rate did you get at eloan?

[davidac]

So I would only be getting a single open car loan, I am thinking 60 months. Capitol One's website quotes me 4.25% as of yesterday, I haven't checked today. So that is not too bad I guess.

[Shawnster]

Yeah, that sounds pretty decent to me. I have heard that dealers HATE peoplefirst's blank check thing and sometimes even refuse them, but not sure it thats reliable info... I would ask your dealer.

Shawn

Quote: Originally Posted by davidac

So I would only be getting a single open car loan, I am thinking 60 months. Capitol One's website quotes me 4.25% as of yesterday, I haven't checked today. So that is not too bad I guess.

[davidac]

I used the blank check thing from carfinance.com before they became capitol one on my last car purchase. They had no problem with it. I never actually used it though as the dealer was able to beat the rate. Different dealer now though. I suspect they will beat it too.

[Shawnster]

Thats good to hear they were going to accept the blank check... my dealer is complaining about e-loan yet they tell me they are sure they can't beat the rate. So I told them to bad then, becase you WILL take my eloan.

Shawn

[seneville]

i just got a quote from e-loan for 3.99%! I didn't even have to haggle with them at all.

has anyone had any problem with their dealers accepting e-loan financing?

-sn

[Shawnster]

Just insist they take it or beat it. Most dealers hate eloan. Make sure eloan does a wire transfer or overnights the check and do the paper work a coupld days before taking delivery so you don't have a problem at the last minute when you are counting on picking up your car !!!! Eloan can be a pain to deal with but they gave me the best rate and covered my jcw and aero kit. Let me know if you have any specific questions.

Shawn