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Started By
Message
Car Buying Experts Only.
Posted on 3/17/25 at 5:41 am
Posted on 3/17/25 at 5:41 am
If you are looking at a NEW vehicle with a $52,000 window sticker, what would be your walking out price ?
Texas has an Inventory Tax they try to pass on ?
Do you purchase the service plan ?
Extended Warranty ?
Financing 1/2 of it so finance charges ?
Texas has an Inventory Tax they try to pass on ?
Do you purchase the service plan ?
Extended Warranty ?
Financing 1/2 of it so finance charges ?
This post was edited on 3/17/25 at 5:45 am
16
Posted on 3/17/25 at 5:44 am to The Torch
Gotta know what make, model, and maybe trim level to even guess.
Posted on 3/17/25 at 5:44 am to The Torch
Depends on the car
Yes
No
No
What's your FICO score?
Yes
No
No
What's your FICO score?
Posted on 3/17/25 at 6:01 am to The Torch
If you have a 401k... I'd borrow against it to finance what you need for the cost.
We just did that... the only money we paid to borrow from ourselves was a $35 fee.
There is interest, but you are paying it back to yourself... so win/win.
Also, you get your title and actually own your vehicle immediately.
We did this for a 2025 4Runner and it was awesome just walking in and trading a personal check for the keys.
The payments are auto deducted from paycheck, and like I said- you're borrowing from yourself and paying yourself back. The ONLY cost for us was $35.
Edit: why the downvotes? We researched this option and it's a pretty good one considering the high arse cost of a new vehicle these days.
We just did that... the only money we paid to borrow from ourselves was a $35 fee.
There is interest, but you are paying it back to yourself... so win/win.
Also, you get your title and actually own your vehicle immediately.
We did this for a 2025 4Runner and it was awesome just walking in and trading a personal check for the keys.
The payments are auto deducted from paycheck, and like I said- you're borrowing from yourself and paying yourself back. The ONLY cost for us was $35.
Edit: why the downvotes? We researched this option and it's a pretty good one considering the high arse cost of a new vehicle these days.
This post was edited on 3/17/25 at 6:43 am
Posted on 3/17/25 at 6:13 am to The Torch
13K, if they dont take it, walk
Posted on 3/17/25 at 6:13 am to The Torch
"Expert"
Posted on 3/17/25 at 6:16 am to SallysHuman
quote:
If you have a 401k... I'd borrow against it to finance what you need for the cost.
We just did that... the only money we paid to borrow from ourselves was a $35 fee.
There is interest, but you are paying it back to yourself... so win/win.
It’s not as simple as this, is it? Aren’t you forgoing the increase in value those funds might have experienced if they had stayed in the 401k? Isn’t it the equivalent of deciding to move those funds from an investment to a cash fund and you benefit or lose depending on which way the market goes?
Or is it actually that simple, and your end retirement sees no change whether you took any 401k loans or not?
Posted on 3/17/25 at 6:20 am to Obtuse1
quote:
Gotta know what make, model...
This thread is for ExPuRtZ OlnY!
An expert doesn't need to know what kind of car he's buying to get the best deal!
Posted on 3/17/25 at 6:25 am to Jack Bauers HnK
And hope you don't change jobs before the 401K loan is paid off or it becomes a distribution fully taxable with the added 10% penalty.
Posted on 3/17/25 at 6:26 am to Obtuse1
quote:
Gotta know what make, model, and maybe trim level to even guess.
2026 Yugo
55 HP
1.1 liter 4 cylinder
Weber twin barrel carburetor
0-60 mph time of around 14 seconds
is that enough ?
Posted on 3/17/25 at 6:30 am to The Torch
Weren't Yugos rebadged Fiats assembled in a country with even less reliability than the fiat factory?
Posted on 3/17/25 at 6:40 am to holmesbr
quote:
Weren't Yugos rebadged Fiats assembled in a country with even less reliability than the fiat factory?
The Yugo that came to the US in the 80s was a modified Fiat 128 but it was a far cry from a real 128 which us saying a lot.
Posted on 3/17/25 at 6:41 am to Jack Bauers HnK
quote:
It’s not as simple as this, is it? Aren’t you forgoing the increase in value those funds might have experienced if they had stayed in the 401k? Isn’t it the equivalent of deciding to move those funds from an investment to a cash fund and you benefit or lose depending on which way the market goes? Or is it actually that simple, and your end retirement sees no change whether you took any 401k loans or not?
You pay interest back to yourself. The interest is calculated on what you should have/ would have earned had you left the money in the 401k. So, you're not missing out on much.
So far as changing jobs.. that wasn't a consideration for us. My husband has worked for the same company since 1998 and plans to stay until retirement. The max time he could borrow was five years, I think we did four. IF something were to happen, we'd be okay.
Our options were to pay cash out of our savings, depleting our reserve.. or get a loan the traditional way and pay a great bit of interest we'd never see again... or, borrow from ourselves and pay ourselves back the principal and interest from a nice 401k that has been contributed to for over 20 years and the borrowed amount is just a small amount of the 401k value. Not to mention, we have our title now instead of some bank holding it.
Also, we can stick with the deductions as is, or... we can pay it down/off with no penalty.
Posted on 3/17/25 at 6:42 am to The Torch
Never purchase the service plan
Never purchase the extended warranty
Offer $5k below then walk. You need 5k more than they do.
Never pay dealer fees, etc. pay for the vehicle…period. Be patient. They prey off you inability to be patient. Ignore the noise it’s a ‘sellers’ market. They’ll always have vehicles. If they sell the one you’re looking at, they or another dealership will get another one in the next week.
Never purchase the extended warranty
Offer $5k below then walk. You need 5k more than they do.
Never pay dealer fees, etc. pay for the vehicle…period. Be patient. They prey off you inability to be patient. Ignore the noise it’s a ‘sellers’ market. They’ll always have vehicles. If they sell the one you’re looking at, they or another dealership will get another one in the next week.
This post was edited on 3/17/25 at 6:49 am
Posted on 3/17/25 at 6:43 am to holmesbr
Yes. But at least they all had rear window defrosters so you could keep your hands warm while pushing to the side of the road.
Posted on 3/17/25 at 6:46 am to The Torch
For me,
No service plan
No warranty
Aim for 15% off window sticker and then let them add tax/title to that number. I just bought last month and got close to 20%. This is new car only.
Don’t discuss financing or not when negotiating price. Trade in either for that matter.
No service plan
No warranty
Aim for 15% off window sticker and then let them add tax/title to that number. I just bought last month and got close to 20%. This is new car only.
Don’t discuss financing or not when negotiating price. Trade in either for that matter.
Posted on 3/17/25 at 6:49 am to SallysHuman
I did this with my wife's SUV, paid the balance off with this years bonus and will take another loan from my account this week to buy my kid's first car. 
Posted on 3/17/25 at 6:49 am to BabyTac
Always get the fee list up front, work back from there.
If you're looking for 5 off MSRP, and fees are 1, then get 6 off MSRP.
You'll "pay" the fees, but not really.
Only buy the extended warranty from the dealer, and only if it's a diesel truck.
If you're looking for 5 off MSRP, and fees are 1, then get 6 off MSRP.
You'll "pay" the fees, but not really.
Only buy the extended warranty from the dealer, and only if it's a diesel truck.
Posted on 3/17/25 at 6:53 am to mettematt9
Tell them you're paying cash, but you'll split the financing incentive.
Then, finance it and pay it off with other funds (401k, etc)
If you buy a lot of the same vehicle, find a good
sales guy and work with him. You'll save a lot and get great service.
Then, finance it and pay it off with other funds (401k, etc)
If you buy a lot of the same vehicle, find a good
sales guy and work with him. You'll save a lot and get great service.
Posted on 3/17/25 at 6:54 am to SallysHuman
quote:
you have a 401k... I'd borrow against it to finance what you need for the cost.
Helllllllllllllllllllll no.
If you get laid off, you have to pay that back in full within a short time period. Absolutely not the kind of thing a person who was just laid off needs. Way too high risk.
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