Sound like a good deal?
I have been offered to buy a new 2019 Coachmen Freedom Express Select 24SE for $20,000+$1250 tax+$799 dealers prep fee+$200 tags and registration= $22,250 out the door. I think its a good deal althoug...
Forum Discussion
thomasmnile wrote:
Dunno but I think someone has the no longer used (for the most part) Rule of 78's interest calculation method and simple interest which does indeed calculate interest on a daily basis. Asked my wife who was 30 years in banking and worked in consumer lending.
Yup, ditto. That's why auto dealers ask for a "10 day payoff" when we have a balance on a car we're trading in. And sometimes a part of that daily interest is returned to us, the consumer during these transactions.
And we've probably scared the heck out of the OP. A lot of sage advice here...this dealer is not above board to ask for any non-refundable money before a complete "deal" is solidified. Just nuts and quite unethical IMO.
We plopped down $500 of fully refundable at the time of our "deal" while they searched for financing. They did us right and came back with 3.5% through our own CU. Didn't like their heavy push of extended warranties, simply not worth it for us.
