happy2bretired
Thinks s/he gets paid by the post
I'm buying a new car. I want to buy from the local dealer...don't ask...just do.
I'm not unhappy with the deal they presented me but I don't understand why they can offer me a better price if I finance it at .9% for 3 years over paying them cash.($1200 less) Now, I realize that if I paid monthly for 36 months, they would make some $$ off me, but...I would just pay monthly for a couple of months, then pay the whole thing off.
I think they even realize that's what I'm thinking about. They said I could pay it off any time I wanted. What they said was there were NO pre-payment penalties - pay if off any time. Does that mean that I would pay the entire interest charge AS WELL as the principle too if I paid it off early?
They listed even a smaller cost for the car for 5 years...course the interest was 1.9%...but again...I would pay if off before the ink was dry on the paperwork.
Am I nuts or are they? (Includes destination charge, floor mats and mud splash things and an assortment of services and treatments; windows, upholstery, etc. (I know, I know....overpriced stuff...but hey they let me have it half price. ) I really did want those extras tho.
PS: I am trying to get them down on the Extended Warranty. I did get a price quote online from another dealer that I'm hoping that might help. The mfg. warranty can be purchased from any dealer, any time within the 3 year standard warranty period. So, working on that a little.
I'm not unhappy with the deal they presented me but I don't understand why they can offer me a better price if I finance it at .9% for 3 years over paying them cash.($1200 less) Now, I realize that if I paid monthly for 36 months, they would make some $$ off me, but...I would just pay monthly for a couple of months, then pay the whole thing off.
I think they even realize that's what I'm thinking about. They said I could pay it off any time I wanted. What they said was there were NO pre-payment penalties - pay if off any time. Does that mean that I would pay the entire interest charge AS WELL as the principle too if I paid it off early?
They listed even a smaller cost for the car for 5 years...course the interest was 1.9%...but again...I would pay if off before the ink was dry on the paperwork.
Am I nuts or are they? (Includes destination charge, floor mats and mud splash things and an assortment of services and treatments; windows, upholstery, etc. (I know, I know....overpriced stuff...but hey they let me have it half price. ) I really did want those extras tho.
PS: I am trying to get them down on the Extended Warranty. I did get a price quote online from another dealer that I'm hoping that might help. The mfg. warranty can be purchased from any dealer, any time within the 3 year standard warranty period. So, working on that a little.