41deacon Posted July 28, 2011 Report Share Posted July 28, 2011 Have any of you guys used the Blank Check from Cap 1 to finance your edge? I am waiting for the check to cash so the Dealer will release my 2009 Edge Sport to me. It is taking a little longer than I expected. Please share any expeirences you have had with Capital One. Quote Link to comment Share on other sites More sharing options...
igcitng Posted July 28, 2011 Report Share Posted July 28, 2011 I can't answer your question. I suggest calling Cap One. I am wondering why the dealer did not beat the interest rate. When I bought mine I got a Cap One loan and took the check to the dealer and waved it at them. They said they wanted the loan and beat the interest rate. Quote Link to comment Share on other sites More sharing options...
akirby Posted July 28, 2011 Report Share Posted July 28, 2011 Have any of you guys used the Blank Check from Cap 1 to finance your edge? I am waiting for the check to cash so the Dealer will release my 2009 Edge Sport to me. It is taking a little longer than I expected. Please share any expeirences you have had with Capital One. Cap 1 says they pay the dealer within 1 business day after they receive the correct paperwork. You should check with the dealer and Cap 1. You should also check the interest rate - you may be able to get a better rate elsewhere. I'm always suspicious of pre-approved loans that you don't ask for. Quote Link to comment Share on other sites More sharing options...
cal3thousand Posted July 28, 2011 Report Share Posted July 28, 2011 Cap 1 says they pay the dealer within 1 business day after they receive the correct paperwork. You should check with the dealer and Cap 1. You should also check the interest rate - you may be able to get a better rate elsewhere. I'm always suspicious of pre-approved loans that you don't ask for. I was looking at a Cap One loan and they wanted my first born as interest. (slight exaggeration ) Quote Link to comment Share on other sites More sharing options...
igcitng Posted July 28, 2011 Report Share Posted July 28, 2011 I got a really good rate from them. Quote Link to comment Share on other sites More sharing options...
cal3thousand Posted July 28, 2011 Report Share Posted July 28, 2011 I can't answer your question. I suggest calling Cap One. I am wondering why the dealer did not beat the interest rate. When I bought mine I got a Cap One loan and took the check to the dealer and waved it at them. They said they wanted the loan and beat the interest rate. You must have a strong credit profile. Quote Link to comment Share on other sites More sharing options...
Dingo Posted July 28, 2011 Report Share Posted July 28, 2011 Cap 1 offered me 8.9% interest. Ford offered me 0.0%. I financed $400. Quote Link to comment Share on other sites More sharing options...
akirby Posted July 29, 2011 Report Share Posted July 29, 2011 Cap 1 offered me 8.9% interest. Ford offered me 0.0%. I financed $400. I had 3.5% for 60 months lined up with my credit union. The dealer got me 3% with Bank of America. Quote Link to comment Share on other sites More sharing options...
Edgieguy Posted July 29, 2011 Report Share Posted July 29, 2011 I used bank of America who offered me the full vehicle cost at 3.5%. why not borrow at that rate? Quote Link to comment Share on other sites More sharing options...
41deacon Posted July 31, 2011 Author Report Share Posted July 31, 2011 It got worked out and the Sport is in the driveway. Pics soon to come. Quote Link to comment Share on other sites More sharing options...
TomSm Posted August 2, 2011 Report Share Posted August 2, 2011 Its weird but NFCU wanted to finance for 8.6% and Suntrust thru ford did it for 3.19%.. You would think that a bank that you do all of your other banking with would give you a lower rate. Quote Link to comment Share on other sites More sharing options...
cal3thousand Posted August 2, 2011 Report Share Posted August 2, 2011 Its weird but NFCU wanted to finance for 8.6% and Suntrust thru ford did it for 3.19%.. You would think that a bank that you do all of your other banking with would give you a lower rate. Ford subsidized it (one way or another) to get your loan and sale. Quote Link to comment Share on other sites More sharing options...
41deacon Posted August 3, 2011 Author Report Share Posted August 3, 2011 Quote Link to comment Share on other sites More sharing options...
41deacon Posted August 3, 2011 Author Report Share Posted August 3, 2011 I finally think I no how to post pics. So here is another : 2009 Sport AWD fully loaded. Quote Link to comment Share on other sites More sharing options...
Paul79UF Posted September 5, 2011 Report Share Posted September 5, 2011 If you belong to AAA they offer 2.35% for 60 months. I'm not sure how strict they are on credit rating for that interest rate though. Quote Link to comment Share on other sites More sharing options...
Frisco1522 Posted November 11, 2011 Report Share Posted November 11, 2011 Any good dealer is going to have a sharp finance guy or gal who knows where to find the best rate. The dealer I just bought my Edge from sure did. Quote Link to comment Share on other sites More sharing options...
NWS Alpine Posted November 18, 2011 Report Share Posted November 18, 2011 I have a loan setup from PenFed for 2.5% 60mo. I have a really strong credit score for my age. I had my previous loan through them. I just noticed they are offering the $1000 ford credit finance offer now on the Edge which wasn't the case when i ordered it almost 3 months ago. If the dealer can get close to the same rate I will take the Ford financing credit and re-fi with penfed after the 3 month dealer kickback period. Quote Link to comment Share on other sites More sharing options...
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