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Old 05-30-2019, 03:18 AM   #1 (permalink)
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0% APR for 72 months or [up to] $13,000 off

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?

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Old 07-05-2019, 03:35 PM   #2 (permalink)
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Do dealers keep rebates if you pay cash?

I have a terrible memory, I forgot about my own thread!

I bet everyone else did, too...

I hope that everyone had a safe and enjoyable Fourth of July. We watched fireworks from Mom's driveway. I just wish that I had remembered to illegally park Mom's car in front of her house before someone illegally parked their ego hauler there.

So, I was getting financial advice from YouTube again--actually, I just received notification that Watch JR Go filled his engine with Orbeez. I thought it sounded lame and I was not impressed, but Orbeez and destruction videos are popular.

Then I saw:

The woman has $2,000 loan on a $1,000 car and now it needs a $2,500 repair. She said she had enough money to pay for the repair and tackle her car loan "with a vengeance," but then said she had $1,100 in savings. He said that if she sold the car for $900 and she used up her savings, she could pay it off, but she still would not have a car, so he started talking about getting another $2,000 loan for another car. He loathed putting her further in debt, but nobody else has a car she can borrow?

"I am fiercely independent."
"You are fiercely in debt."

She later mentioned her parents would loan her their $700 car, but it wasn't as nice as her $1,000 car.

"What the crap does it matter?"

I agreed with everything he told her, but the comments are especially weird with all of the crackpots thinking they are smarter than him.

"it is a fact that you get the worst deal on a car if you pay cash. You get a better price on the car if you finance. Pay cash and you can kiss the rebates goodbye...the dealership WILL keep them."

It sounds logical, but it confuses me that someone who advocates buying new cars would waste their time with Dave Ramsey videos.

This page says that dealerships make more money when people finance, so they are willing to negotiate a lower price that they will make back through financing.

I believe that I got this from a Dave Ramsey post. You want a new car, but only have $1,000. Instead of putting $1,000 down and having a $300 payment, you buy a $1,000 car and put $300 a month in the bank.

Ten months later you have a car worth roughly $1,000 and $3,000 in the bank.

Get a $4,000 car and keep putting $300 a month in the bank.

Every ten months replace your car with a newer and nicer one and eventually you will be able to afford a new car without getting into debt.
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Old 07-05-2019, 03:52 PM   #3 (permalink)
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I don't see why you would want to buy a new car though? $4,000 gets you a really nice car if you pay even a little bit of attention to what you are buying.

Unless we are talking about a pickup or work van for a contractor that can lose $10k a day if his vehicle is down, buying a brand new vehicle is a terrible move. If you have pride issues and must drive a 'nice' car, buy one that is 3-4 years old, when the depreciation levels off.

As far as the dealers making more money when you finance: this is true in the fact that someone who walks in with $2,000 can buy a $2,000 car outright, or they can try to convince them to put $2,000 down on a financed vehicle that costs 40k+. There's a reason most dealers immediately send anything valued under 10k straight to the auction, and I've heard of some big dealers that cut off at 15k.

Buy private party or you are basically throwing away 25-30% on the higher dealer price.
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Old 07-05-2019, 03:52 PM   #4 (permalink)
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Last time I checked 2/3 of people live precisely paycheck to paycheck.

If the dealer works that way then set up a payment plan and then cut a check for it.
I have never paid more than 1 payment for any of my cars.
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Old 07-05-2019, 04:13 PM   #5 (permalink)
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The best cars are purchased out of a farmer's field alongside the road.



This example was behind a white-washed fence right in downtown Walterville, OR, right across from the saddle shop.
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Old 07-05-2019, 04:22 PM   #6 (permalink)
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Quote:
Originally Posted by freebeard View Post
The best cars are purchased out of a farmer's field alongside the road.



This example was behind a white-washed fence right in downtown Walterville, OR, right across from the saddle shop.
It can be hard to get farmers to sell stuff, at least where I'm from.

"I'm gonna pull it out of the trees fix it up some day," has been the death sentence for a many a good repairable car.
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Old 07-05-2019, 05:37 PM   #7 (permalink)
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When I first saw it I was driving the same make/year/model in Forest Green (the Porsche family's favorite color). That one came off Craigslist.



It sold for a quarter of what the Shantung Gold one cost.

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