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Started By
Message
What car manufacturers are giving good deals to new grads?
Posted on 9/8/17 at 2:57 pm
Posted on 9/8/17 at 2:57 pm
My son graduated from college last year and is currently living in San Diego. He got t-boned last month and his car was totalled.
He was looking to get a slightly used Kia Optima, but all of the interest rates for loans on used cars are 12% plus, because he has no credit history.
I have suggested that he check out new cars, because they may have special pricing/financing deals for new graduates with no credit history. He has a solid job as an officer in the Navy.
Does anybody have any experience with which manufacturers are aggressively going after recent grads? I googled it, but many of the manufacturers just say, "Special flexible financing for new grads". I know the manufacturers want to establish brand loyalty, and give good deals, but some may be better than others.
He doesn't really care that much about the car, itself. He is looking for something reliable that will last a long time. A Honda Civic, or something similar.
He was looking to get a slightly used Kia Optima, but all of the interest rates for loans on used cars are 12% plus, because he has no credit history.
I have suggested that he check out new cars, because they may have special pricing/financing deals for new graduates with no credit history. He has a solid job as an officer in the Navy.
Does anybody have any experience with which manufacturers are aggressively going after recent grads? I googled it, but many of the manufacturers just say, "Special flexible financing for new grads". I know the manufacturers want to establish brand loyalty, and give good deals, but some may be better than others.
He doesn't really care that much about the car, itself. He is looking for something reliable that will last a long time. A Honda Civic, or something similar.
11
Posted on 9/8/17 at 2:59 pm to Jax-Tiger
Posted on 9/8/17 at 3:00 pm to lnomm34
, that never gets old. Posted on 9/8/17 at 3:00 pm to Jax-Tiger
I know VW offers their best financing promo (typically 0%) to new grads. Likely extends to Audi too.
Posted on 9/8/17 at 3:01 pm to Jax-Tiger
According to the OT he should pay cash, and if he can't afford it he should walk
Posted on 9/8/17 at 3:05 pm to lnomm34
Have him contact Navy Federal Credit Union. Should be a very competitive rate.
Posted on 9/8/17 at 3:06 pm to DirtyMikeandtheBoys
quote:
According to the OT he should pay cash, and if he can't afford it he should walk
Posted on 9/8/17 at 3:07 pm to Jax-Tiger
quote:
living in San Diego
You call that living? No baws for miles, baw.
Posted on 9/8/17 at 3:08 pm to Jax-Tiger
quote:You guys have a really frank relationship for him to share that with you.
My son graduated from college last year and is currently living in San Diego. He got t-boned last month
California: Land of the Fruits & Nuts!
Posted on 9/8/17 at 3:10 pm to OleSkuleTgr
We get 1.89 through our local credit union, maybe the OP could consign with him. Comes with life insurance too.
Posted on 9/8/17 at 3:11 pm to Gaston
quote:
maybe the OP could consign with him.
NEVER COSIGN A LOAN
Posted on 9/8/17 at 3:33 pm to Jax-Tiger
quote:
What car manufacturers are giving good deals to new grads?
The same ones that are running "sales". Call ANY dealer in ANY town and ask them:
"Are y'all having a sale today?"
Promise you, the answer is:
"Yes. Yes we're are. "
Posted on 9/8/17 at 4:04 pm to ScopeCreep
quote:
USAA
12.3%.
Posted on 9/8/17 at 4:11 pm to Golfer
quote:
Message
What car manufacturers are giving good deals to new grads? by Golfer
I know VW offers their best financing promo (typically 0%) to new grads. Likely extends to Audi too.
Ixnay on the Audi, as he wants a budget car. A Jetta might be good, though...
This post was edited on 9/8/17 at 4:33 pm
Posted on 9/8/17 at 4:17 pm to Jax-Tiger
quote:
He got t-boned last month
Posted on 9/8/17 at 4:28 pm to Jax-Tiger
Navy Federal will give a 2.79 interest rate.
Posted on 9/8/17 at 4:28 pm to Jax-Tiger
I think most of them offer discounts to service members and recent grads.
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