between this conversation and me quoting my buddy on new SUV and him changing his mind in options/colors/terms, miles, down payments

whatinzeefvckss?!!



I'm pooped.

 

omfg Mark, i love you but are you retarded?

If I'm buying a car for $30k cash, and you're buying a car for $30k and financing it @ 0%- what the hell are you missing? Does it really matter where the % is being paid? As long as you the borrower isn't paying it?

HELLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOO DING DING DING!!

 

Unless you plan on keeping a car for a long time, or driving it a lot, I don't see any reason to buy.

 

I may be wrong but I think what he was saying is that by paying cash you will get a better price than if you finance it?

Ex. car msrp: $35,000
price if financed: $32,000
price if you pay cash: $30,000

I may be wrong but that's how I interpreted it

 

I think that's what he's saying...and he's calling the savings over financing "interest" for some reason.

 

No because if you are financing any money they make is front loaded interest!!!!!!!

 

I bought mine KNOWING I was going to be modding it heavily, hard to do on a lease car. I plan on having it for life unless someone offers what I put into it

 

When the 0% financing deals were around, was the manufacturer hold back different if the car was bought outright or financed? I think that's what Mark is implying. Back in '04 when I bought my Silverado, I took the 0% interest option which meant there were less rebates available on the truck.

 

OMGZ!! DUHHHH I TOTALLY FORGOT!!


This brings up something interesting: EACH automakers holdback, incentive/apr etc is NOT created equal.

I mean this with all due respect, the people who work for GM and created the financial matrix are all blind, deaf and mute crack fiends.

Thats the only way one could explain how they arrive at their numbers.

Because it defies logic.

 

yup... For Example - 0% or 8k in Rebates, but you cant have both. I guess if you run the numbers, there prob pretty close. But factoring in Depreciation, etc. throws it all out of whack. That's why I like low interest loans on used cars. We always break even, if not have some value left on the car after a few years when we trade it in... Even the wifey put 50k miles on her Escalade in 1.5 years, and when we traded it in they gave us over $1,000 towards her Audi. If I wanted to go Private Party I prob could've made a bit more, but not worth the hassle on such a high mileage car.