NEW TRUCK!!!

cummins2014 wrote:

troubledwaters wrote:

Huntindog wrote:
Financing is never free. It is rolled into the price when it is offered. If you look hard enough, you can buy it for less if you forgo the "free" financing

Just one of the many games the car biz plays.

With all due respect, you can get a rock bottom deal and great dealer financing also. Actually the dealer doesn't finance anything, they just have good connections at lending institutions that can give the "good credit" buyers really low rates. Every deal I've ever made, I negotiated a rock bottom price first; including all possible incentives. At the same time, I've always went in knowing exactly what the lowest bottom line finance rate I could get on my own was. Then if a dealer could get me a lower rate, I would take it. Sometimes they could beat the rate I got sometimes they can't. You can have your cake and it too; you just have to be as well informed as the dealer.

Works the same way for zero percent financing vs. a cash incentive. Take which ever one works out best when you do the math. It's an either or proposition, not rocket science.

I have to agree with you, but some seem adamant about paying cash. After the deal was done on my last purchase , 2014 Ram 3500 , the loan was 1.69%. It seemed foolish to use my money , maybe WE are wrong, but doing the math on what that money I didn't pay cash on the truck, did a lot better then 1.69%. . Now that truck is paid off, and I still have my money in the investment it was in . Again maybe WE are wrong, but would sure like to see it shown, or explained differently then the way I am figuring it .

You are not wrong. Over the last 9 years my investments have earned 8.59% average annualized return. I have several loans, the highest is 6.0%, and a few others at around 4.5%. I can pay them off anytime I want to; but why would I. I'm making more keeping my money invested.