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re: The coming automobile market collapse and what it means
Posted on 7/24/22 at 8:28 pm to JLivermore
Posted on 7/24/22 at 8:28 pm to JLivermore
You probably ended up paying more by paying with cash than yon would financing. Dealers don’t give a shite that you can pay cash these days, they WANT you to finance. Most of the rebates are because someone finances. Used cars they make money on the backend (financing). The trick is to finance at the price you want and pay it off in the first month or two.
Posted on 7/24/22 at 11:52 pm to RobertFootball
quote:
The trick is to finance at the price you want and pay it off in the first month or two.
This is smart if you can pull it off. I could have payed off in cash the last car I bought, it was only 6 months old and I got a 2.5 rate so why do it. Just had lucky timing as it was right before car prices went crazy.
Crazy a year after I bought the car, I could have sold it for at least 7k more than what I paid lol.
This post was edited on 7/24/22 at 11:53 pm
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