Anyone done a Premier purchase? Or a balloon on any other car? (more)
#1
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Anyone done a Premier purchase? Or a balloon on any other car? (more)
Just wondering if anybody has any experience with this. I have heard of people doing this on many expensive cars such as 7 series, various MB models, etc.
My credit is immaculate, but I don't know if I can expect the "good" interest rates with a balloon. I heard a rumor about balloons requiring a ridiculous rate like 10.5%, I am used to getting financing at 7.5% or lower.
Anyway, I would welcome any opinions on this financing system and especially what rates people have gotten.
TIA
-rob
98 A4 2.8QTS (wife's)
98 Jetta GLX (soon to be traded)
00 S4 (on order)
My credit is immaculate, but I don't know if I can expect the "good" interest rates with a balloon. I heard a rumor about balloons requiring a ridiculous rate like 10.5%, I am used to getting financing at 7.5% or lower.
Anyway, I would welcome any opinions on this financing system and especially what rates people have gotten.
TIA
-rob
98 A4 2.8QTS (wife's)
98 Jetta GLX (soon to be traded)
00 S4 (on order)
#2
Guest
Posts: n/a
Re: Anyone done a Premier purchase? Or a balloon on any other car? (more)
I did a premier purchase plan last November at 8.9%. Rates vary so I'm sure they're higher now. The plan seemed right to me, benefits of ownership with the minimal upfront cost of a lease. I'm sure they'll try to screw me with damage charges in the end though - may sell outright long before the term ( 3 yrs) is up.
Mondo
99 1.8TQMS
Mondo
99 1.8TQMS
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