Thanks for the clarification. I ended getting a loan payment slightly over the $496.00, at the 11.5% interest rate. I guess it doesn't really matter to me if the rate is lowered or not. It either goes to the bank where I bought the car, or to the trustee for the creditors.

At least in our area, sounds like it's common practice to push down the interest rate. We will see what happens. We have one more vehicle to buy yet, and I'll make sure I get additional clarification prior to that one.