Gonna have to run the credit. Even if you don't get the 0.9% it sounds like you will get a decent rate.

 

Are you going for LS models only? If not you will more than likely need to take the $4K dealer cash and use your own financing which you would probably qualify for 1.9% through a credit union or something.

 

Sounds like you know you situation pretty well. And the info you provided you will qualify for 0.9%, but as Hitman stated it maybe not you most equitable choice. There are alot of great rates and I would do a side by side comparison with your dealer. If you are near Philadelphia I could assist.

 

I would also suggest the rebates and see what other banks would do. We cant tell you because we wont know till we send it in to ALLY. I have had people that I thought would get the rate not get it and I have had people that should not have even come close qualify.

 

670 score qualifies...

 

No bank is going to come close to 0.9% unless it's subvented by GM. Only dealers can offer subvented rates.

Those rates are not real market rates. GM pays Ally ( and in Canada, TD and Scotiabank) to offer those rates. Therefore, no bank can afford to offer it.

As for your credit score, the only way to know is to complete a credit application. It only takes a few minutes of your time and you'll have a reply within a few minutes to a few hours. There are factors other than credit score that determine how much money a bank will lend you and at what rate. Your credit score could be top notch but your debt ratio may be too high.

Normally, if you are declined for a subvented rate at a dealer, you'll be declined at a normal market rate at a bank. Some lenders specialize in high risk loans but you'll pay a rate double, triple or many times higher than the market interest rate. It some cases, it increases your payment to such an amount that you couldn't afford to buy the car anyway.