Poor guy ...
 

On 5/13/17 11:10 AM, wrote:
On Sat, 13 May 2017 08:22:50 -0400, "Mr. Luddite"
wrote:



I didn't think about it but I suspect you are right about these offers.
I'll bet they only apply if you finance it through them. It just starts
the interest cycle over again.

I haven't financed a car purchase in about 25 years.
They dealerships don't like cash buyers. I was told that only 8 percent
of buyers pay cash for a new car.

When I bought my truck in 2008 the salesman tried hard to convince me to
finance it through Ford but I told him I wasn't interested. He then
tried to get me to finance it, even if I just paid it off in a month or
two. They must get some kind of kickback if the vehicle is financed
through the financing arm of the manufacturer.

These deals are deals because people finance and don't look at the end
date. "My payments are almost the same". They don't mention that it is
the same for 5 more years.
I suppose it is fine if you are consigned to dying with a car payment
due.
Like you, I have not really financed a car for decades but I did take
the finance deal with Ford on my wife's Lincoln. You are right, I got
the guy to admit I only had to keep the note for 90 days (by then they
have sold the paper). I also had to finance a minimum of ~$10,000 to
get a $1000 kick back so that is exactly what I did. I ended up making
about $600 after all of the finance charges and that was only about 4
months. It was still worth doing. I wonder how many people read the
"Z" form to see what the actual cost of a financed car is.
BTW that "zero percent" money comes at a cost too. They will usually
knock off 2 grand if you don't take "zero percent" money and there is
another kickback for using their financing but you have to waive the
cash at them before they offer it up.
I usually spring the cash on them at the last minute and see how badly
they want to sell the car.



We got a $16,000 trade in, got $750 rebate back on the multi-year
additional warranty wife bought with the 2016 but didn't buy with the
2017, got $2500 in "incentives" from Toyota and another $1000 for paying
cash and not taking the 0% financing that was offered through the
dealership. That made the value of the trade about $20,000. The 2017 on
sale was $22,800 and change. So, in effect, the use of the 2016 for a
full year (wife doesn't drive that much except to Florida and back twice
a year), was under $3,000. Almost nothing considering she got a brand
new car she likes.

Poor guy ...
 

On Sat, 13 May 2017 11:10:08 -0400, wrote:

On Sat, 13 May 2017 08:22:50 -0400, "Mr. Luddite"
wrote:



I didn't think about it but I suspect you are right about these offers.
I'll bet they only apply if you finance it through them. Â*It just starts
the interest cycle over again.

I haven't financed a car purchase in about 25 years.
They dealerships don't like cash buyers. I was told that only 8 percent
of buyers pay cash for a new car.

When I bought my truck in 2008 the salesman tried hard to convince me to
finance it through Ford but I told him I wasn't interested. Â*He then
tried to get me to finance it, even if I just paid it off in a month or
two. Â*They must get some kind of kickback if the vehicle is financed
through the financing arm of the manufacturer.

These deals are deals because people finance and don't look at the end
date. "My payments are almost the same". They don't mention that it is
the same for 5 more years.
I suppose it is fine if you are consigned to dying with a car payment
due.
Like you, I have not really financed a car for decades but I did take
the finance deal with Ford on my wife's Lincoln. You are right, I got
the guy to admit I only had to keep the note for 90 days (by then they
have sold the paper). I also had to finance a minimum of ~$10,000 to
get a $1000 kick back so that is exactly what I did. I ended up making
about $600 after all of the finance charges and that was only about 4
months. It was still worth doing. I wonder how many people read the
"Z" form to see what the actual cost of a financed car is.
BTW that "zero percent" money comes at a cost too. They will usually
knock off 2 grand if you don't take "zero percent" money and there is
another kickback for using their financing but you have to waive the
cash at them before they offer it up.
I usually spring the cash on them at the last minute and see how badly
they want to sell the car.


===

"And after making your best deal possible you still have too make it by
the "closer" who is selling the extended warranty, undercoating, pin
stripes, mud flaps, vinyl roof, etc. Â*I once made a pretty good deal
on a new Camry only to have my wife get sucked into the pin stripe
deal for something like $200."


Two biggest scams up here are administration fees and etching the window glass with an ID number.

Poor guy ...
 

On Sat, 13 May 2017 11:43:49 -0400, Keyser Soze
wrote:




We got a $16,000 trade in, got $750 rebate back on the multi-year
additional warranty wife bought with the 2016 but didn't buy with the
2017, got $2500 in "incentives" from Toyota and another $1000 for paying
cash and not taking the 0% financing that was offered through the
dealership. That made the value of the trade about $20,000. The 2017 on
sale was $22,800 and change. So, in effect, the use of the 2016 for a
full year (wife doesn't drive that much except to Florida and back twice
a year), was under $3,000. Almost nothing considering she got a brand
new car she likes.


===

Somewhere in those calculations you are forgetting about the sales
taxes that you paid on both the old and new car, and you gave up an
extended warranty that you paid for but never used. You also paid
$3000 for a year of very light usage. That's no bargain in my
opinion.

---
This email has been checked for viruses by AVG.
http://www.avg.com

Poor guy ...
 

justan wrote:
Keyser Soze Wrote in message:
On 5/13/17 11:10 AM, wrote:
On Sat, 13 May 2017 08:22:50 -0400, "Mr. Luddite"
wrote:



I didn't think about it but I suspect you are right about these offers.
I'll bet they only apply if you finance it through them. It just starts
the interest cycle over again.

I haven't financed a car purchase in about 25 years.
They dealerships don't like cash buyers. I was told that only 8 percent
of buyers pay cash for a new car.

When I bought my truck in 2008 the salesman tried hard to convince me to
finance it through Ford but I told him I wasn't interested. He then
tried to get me to finance it, even if I just paid it off in a month or
two. They must get some kind of kickback if the vehicle is financed
through the financing arm of the manufacturer.

These deals are deals because people finance and don't look at the end
date. "My payments are almost the same". They don't mention that it is
the same for 5 more years.
I suppose it is fine if you are consigned to dying with a car payment
due.
Like you, I have not really financed a car for decades but I did take
the finance deal with Ford on my wife's Lincoln. You are right, I got
the guy to admit I only had to keep the note for 90 days (by then they
have sold the paper). I also had to finance a minimum of ~$10,000 to
get a $1000 kick back so that is exactly what I did. I ended up making
about $600 after all of the finance charges and that was only about 4
months. It was still worth doing. I wonder how many people read the
"Z" form to see what the actual cost of a financed car is.
BTW that "zero percent" money comes at a cost too. They will usually
knock off 2 grand if you don't take "zero percent" money and there is
another kickback for using their financing but you have to waive the
cash at them before they offer it up.
I usually spring the cash on them at the last minute and see how badly
they want to sell the car.



We got a $16,000 trade in, got $750 rebate back on the multi-year
additional warranty wife bought with the 2016 but didn't buy with the
2017, got $2500 in "incentives" from Toyota and another $1000 for paying
cash and not taking the 0% financing that was offered through the
dealership. That made the value of the trade about $20,000. The 2017 on
sale was $22,800 and change. So, in effect, the use of the 2016 for a
full year (wife doesn't drive that much except to Florida and back twice
a year), was under $3,000. Almost nothing considering she got a brand
new car she likes.


Hope you at least got power windows with the base model Camry.

The trade in was the base model. It had power windows. The 2017 model is an
upgrade. It has power windows, too, and more.

--
Posted with my iPhone 7+.

Poor guy ...
 

Keyser Söze
justan wrote:
Keyser Soze Wrote in message:
On 5/13/17 11:10 AM, wrote:
- show quoted text -
We got a $16,000 trade in, got $750 rebate back on the multi-year
additional warranty wife bought with the 2016 but didn't buy with the
2017, got $2500 in "incentives" from Toyota and another $1000 for paying
cash and not taking the 0% financing that was offered through the
dealership. That made the value of the trade about $20,000. The 2017 on
sale was $22,800 and change. So, in effect, the use of the 2016 for a
full year (wife doesn't drive that much except to Florida and back twice
a year), was under $3,000. Almost nothing considering she got a brand
new car she likes.


Hope you at least got power windows with the base model Camry.

"The trade in was the base model. It had power windows. The 2017 model is an
upgrade. It has power windows, too, and more."



SNERK!
Wonder when was the last time Justine's significant other bought her a new car?
I don't know if you can even get manual roll up windows here.

Poor guy ...
 

True North wrote:
Keyser Söze
justan wrote:
Keyser Soze Wrote in message:
On 5/13/17 11:10 AM, wrote:
- show quoted text -
We got a $16,000 trade in, got $750 rebate back on the multi-year
additional warranty wife bought with the 2016 but didn't buy with the
2017, got $2500 in "incentives" from Toyota and another $1000 for paying
cash and not taking the 0% financing that was offered through the
dealership. That made the value of the trade about $20,000. The 2017 on
sale was $22,800 and change. So, in effect, the use of the 2016 for a
full year (wife doesn't drive that much except to Florida and back twice
a year), was under $3,000. Almost nothing considering she got a brand
new car she likes.


Hope you at least got power windows with the base model Camry.

"The trade in was the base model. It had power windows. The 2017 model is an
upgrade. It has power windows, too, and more."



SNERK!
Wonder when was the last time Justine's significant other bought her a new car?
I don't know if you can even get manual roll up windows here.


Likewise on roll-up windows...haven't seen a new car with them in years.
Wife makes a good income, buys her own cars. Probably makes more than
FlaJim ever made. I am sure that annoys him.

--
Posted with my iPhone 7+.

Poor guy ...
 

On Sat, 13 May 2017 08:00:00 -0700 (PDT), Tim
wrote:


8:56
On Sat, 13 May 2017 06:29:38 -0700 (PDT), Tim
wrote:
- show quoted text -
===

Those things last forever with a little TLC.
- show quoted text -
...

Oh yes, Wayne. 236,000 out of my 1995 Lincoln town car till gobs of wired stuff went bad. I like the idea of sitting on a living room couch gliding smoothly down the road like sliding on oil. 25mpg highway isn't bad either...

https://media.ed.edmunds-media.com/m..._oem_1_500.jpg

10 million cops and cab driver can't be wrong ;-)
That is just a Crown Vic with a trim package. It is probably the last
of the big cars.

Poor guy ...
 

On Sat, 13 May 2017 11:33:29 -0400, Keyser Soze
wrote:

"...but the cost to her to do
this was almost nothing." D'uh.

I bet the dealer doesn't think so or he would not have done it.
I assume you are just saying the monthly payments are just a little
higher.
They love that thinking.

Poor guy ...
 

On Sat, 13 May 2017 11:34:37 -0400,
wrote:

On Sat, 13 May 2017 11:10:08 -0400, wrote:

On Sat, 13 May 2017 08:22:50 -0400, "Mr. Luddite"
wrote:



I didn't think about it but I suspect you are right about these offers.
I'll bet they only apply if you finance it through them. It just starts
the interest cycle over again.

I haven't financed a car purchase in about 25 years.
They dealerships don't like cash buyers. I was told that only 8 percent
of buyers pay cash for a new car.

When I bought my truck in 2008 the salesman tried hard to convince me to
finance it through Ford but I told him I wasn't interested. He then
tried to get me to finance it, even if I just paid it off in a month or
two. They must get some kind of kickback if the vehicle is financed
through the financing arm of the manufacturer.

These deals are deals because people finance and don't look at the end
date. "My payments are almost the same". They don't mention that it is
the same for 5 more years.
I suppose it is fine if you are consigned to dying with a car payment
due.
Like you, I have not really financed a car for decades but I did take
the finance deal with Ford on my wife's Lincoln. You are right, I got
the guy to admit I only had to keep the note for 90 days (by then they
have sold the paper). I also had to finance a minimum of ~$10,000 to
get a $1000 kick back so that is exactly what I did. I ended up making
about $600 after all of the finance charges and that was only about 4
months. It was still worth doing. I wonder how many people read the
"Z" form to see what the actual cost of a financed car is.
BTW that "zero percent" money comes at a cost too. They will usually
knock off 2 grand if you don't take "zero percent" money and there is
another kickback for using their financing but you have to waive the
cash at them before they offer it up.
I usually spring the cash on them at the last minute and see how badly
they want to sell the car.


===

And after making your best deal possible you still have too make it by
the "closer" who is selling the extended warranty, undercoating, pin
stripes, mud flaps, vinyl roof, etc. I once made a pretty good deal
on a new Camry only to have my wife get sucked into the pin stripe
deal for something like $200.

I don't think I have ever bought a "dealer add on". I do understand
they are just a cash cow for the dealer.
One of my mother's best friends at the IBT was the sales manager at
Ourisman Chevy in Maryland and it was fun listening to him explaining
the car biz after a few adult beverages. We did get the "Teamster
discount" on our cars and it was the best deal in town. I paid about
$4k for my 69 Corvette when they were selling all over town at sticker
with people on a waiting list.

Poor guy ...
 

wrote:
On Sat, 13 May 2017 11:33:29 -0400, Keyser Soze
wrote:

"...but the cost to her to do
this was almost nothing." D'uh.

I bet the dealer doesn't think so or he would not have done it.
I assume you are just saying the monthly payments are just a little
higher.
They love that thinking.


Nope

--
Posted with my iPhone 7+.