So, I am guessing that you cannot get $13,000 off a $13,360 Piece of Chevy Spark. The example in
fine print is a $45,000 vehicle, which you can allegedly get for $32,000.
So, $40,000 out the door?
Here is the ad:
https://www.autonationchevroletmesa....hicle-Specials
You need to qualify for 0% APR, but do both deals only apply to people currently leasing a 2012+ Buick, Chevrolet, Cadillac, or GMC through Ally, GM Financial, or US Bank?
The 0% APR at $13.89 per $1,000 just tells you what your payment would be. If you financed $45,000, I believe that would work out to $45,003.60
According to
https://www.edmunds.com/calculators/...s-rebates.html,
for a $45,000 vehicle, the Arizona vehicle sales tax rate is 8.05%, $3,623.
It asks how much title and registration would be. The ad says "Plus sales or other taxes, tag, title, registration fees, government fees, and $499 Dealer Service Fee. I do not know how much those total.
It kind of does not matter.
Unless they total $70,028, $13,000 off $45,000 is a better deal if you can get a 4.4% loan.
I cannot find any rules of thumb for what percent in taxes and fees are reasonable on a car. The sticker price on my Subaru was $5,000, but it was about $6,000 out the door. Was I ripped off?
Some would argue that as long as I felt that I got a good deal, I did.
Those people are crazy!
Also, allegedly people feel bad when they pay too little for a car, so...
Let's say the taxes and fees on the $45,000 vehicle add up to 20% or $9,000, so 11.95% or $5,377 on top of the taxes.
The rebate is allegedly $13,000. 72 months. 0% promotional APR. 4.4% market APR. $4,000 down.
It says the $13,000 back saves you $9,027 over the 0% APR.
Maybe they have one good option and one stupid one, but it still seems to me that somehow both options provide them the same profit.
Maybe they would allow you to negotiate lower with the 0% APR?
Unless the $13,000 discount comes with 11.5% interest, it is a much better deal.
Am I missing something?