cummins2014 wrote: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.troubledwaters wrote:Huntindog wrote: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.
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.
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 .
cummins2014 wrote:troubledwaters wrote:Huntindog wrote: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.
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.
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 .
troubledwaters wrote:Huntindog wrote: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.
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.
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.
Huntindog wrote:Bionic Man 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" financingHuntindog wrote:Jayco-noslide wrote:I have not had a car payment in decades. That will remain so going forward.
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.
I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.
Congrats on the new ride. I hope it treats you well.
Just one of the many games the car biz plays.
Huntindog wrote: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.
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.
Huntindog wrote:HTElectrical wrote:A good dealer is one that makes you feel as though you got the best of him.Huntindog wrote:Bionic Man 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" financingHuntindog wrote:Jayco-noslide wrote:I have not had a car payment in decades. That will remain so going forward.
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.
I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.
Congrats on the new ride. I hope it treats you well.
Just one of the many games the car biz plays.
That is DEFINITELY not always true!!!! I was going to buy my truck with cash, but when I found out that I could get 0% financing I said "why not." You have to make your deal with an out the door price. Once you get the cash price you find acceptable, then you can take the 0% financing. I was still able to use my GM cash, and rebate.
The facts are way different than the feeling though. Dealerships, Banks etc. all occuppy property worth way more than all of our houses.
That didn't happen by customers getting the best of them.
The same thing applies to Casinos.
You had a great dealer.
You did not get the best price you could have though.... In your own words, you got a price you were happy with. Two different things.
HTElectrical wrote:A good dealer is one that makes you feel as though you got the best of him.Huntindog wrote:Bionic Man 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" financingHuntindog wrote:Jayco-noslide wrote:I have not had a car payment in decades. That will remain so going forward.
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.
I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.
Congrats on the new ride. I hope it treats you well.
Just one of the many games the car biz plays.
That is DEFINITELY not always true!!!! I was going to buy my truck with cash, but when I found out that I could get 0% financing I said "why not." You have to make your deal with an out the door price. Once you get the cash price you find acceptable, then you can take the 0% financing. I was still able to use my GM cash, and rebate.
Huntindog wrote:Bionic Man 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" financingHuntindog wrote:Jayco-noslide wrote:I have not had a car payment in decades. That will remain so going forward.
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.
As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.
I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.
Congrats on the new ride. I hope it treats you well.
Just one of the many games the car biz plays.
