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Message
re: Negotiating A New Truck
Posted on 6/15/16 at 4:16 pm to VetteGuy
Posted on 6/15/16 at 4:16 pm to VetteGuy
quote:
Beginning one finance contract and cancelling it a few days later will result in you paying the interest charge on the entire financed amount for that period of days.
In other words, let's say you finance $30K for 36 months at 2.9%.
You decide to cancel after 7 days. You will still have to pay the APR on the money for the time you used it. It may only be $200 or so, but that may not be worth it to engage in another contract.
That's why you have your financing set up beforehand and do the refinance that same day.
1
Posted on 6/15/16 at 4:20 pm to LNCHBOX
quote:
do the refinance that same day.
Best read the fine print...
Some will hit you with a minimum charge.
(they are on to us.)
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