Home |
Search |
Today's Posts |
#12
posted to rec.boats
|
|||
|
|||
Poor guy ...
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. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Poor, poor 'Bama... | General | |||
Poor, poor Sarah... | General | |||
Poor Poor Neal | ASA | |||
Poor, Poor Mooron! | ASA | |||
Poor, Poor Hydrorace2. | Power Boat Racing |