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SirWinston
LSU Fan
PDX
Member since Jul 2014
35691 posts

At dealer financing a car - help please
I've had company vehicles most of my life so I'm a dumbass on stuff like this.

We've settled on a purchase price.

I have financing through Chase. Dealer is saying he can't get the title that Chase needs bc system is down. I don't believe it but whatever.

He's applied to get me financing in house so that the title isn't a huge deal - they have good reviews online so I mostly trust them. Then hell send me the title once it's available. Again I realize this is BS but does it matter?

Question is this - since he's doing the financing in house now he's saying that the taxes will be paid here and now instead of at the DMV. This raises our agreed upon price by 5.1% - the rate of the state where I live and work.

Is this legit?


southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49816 posts

re: At dealer financing a car - help please
I'd tell him to frick off.

If he can't beat the rate you have through Chase, tell him you'll wait.


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200
barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
46202 posts

re: At dealer financing a car - help please
quote:

Dealer is saying he can't get the title that Chase needs bc system is down. I don't believe it but whatever.


Walk away and tell him to call you when its up.

Watch system magically come on line.


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260
wfallstiger
LSU Fan
Wichita Falls, Texas
Member since Jun 2006
4318 posts

re: At dealer financing a car - help please
Run or walk away at a brisk pace. You are doing them a favor by purchasing and not the other way around


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160
OceanMan
LSU Fan
Member since Mar 2010
9985 posts

re: At dealer financing a car - help please
Agreed. If they want to play games, make them pay for it

They make money off financing (or at least have incentives to do so), so that purchase price you thought you settled on has now changed on their end


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30
BobDobalina
LSU Fan
Louisiana
Member since Jul 2013
217 posts

re: At dealer financing a car - help please
Did the actual price change or are they just adding in taxes now?.. because you have to pay taxes at some point regardless of if it's in the fianancing or going to the DMV yourself.. make sure your rate is the same or lower.. if rate is lower and they are just adding taxes and you still like the car deal do it

It's really not that hard to buy a car.. they're going to make money.. these dealers live in mansions not trailer homes.. just be smart they don't have to make it all on you


SirWinston
LSU Fan
PDX
Member since Jul 2014
35691 posts

re: At dealer financing a car - help please
Yah they just added in taxes today rather than me pay at DMV. It's all good. That was my main concern as I've not experienced that before


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CoachRobertson
LSU Fan
Denham Springs
Member since Dec 2014
364 posts

re: At dealer financing a car - help please
quote:

It's really not that hard to buy a car.. they're going to make money.. these dealers live in mansions not trailer homes.. just be smart they don't have to make it all on you


It is not hard to buy a car, and dealer does not always make $, promise you that. The owners of the dealerships live in mansions, majority of people in business live in average to below average homes, I dont know where everyone thinks salespeople or people that work at dealerships make some much $, if that was the case there would be more people in the business.


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06
Bow08tie
LSU Fan
Louisiana
Member since Oct 2011
1040 posts

re: At dealer financing a car - help please
If your uncomfortable about the deal....which apparently you are...then you already know its not the deal for you....walk away


Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
9041 posts

re: At dealer financing a car - help please
There are 5 pages on this same post on the OT


boatless2
Member since Mar 2015
591 posts

re: At dealer financing a car - help please
Speaking of dealerships, went in to one last night to drive one of the new stangs and they told me they are selling the new raptors for like 15k over sticker. wtf is up with that? I don't remember it being that way when they first came out, but maybe I'm wrong.


Also, do what everybody else said above.


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LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
11230 posts

re: At dealer financing a car - help please
Somewhat off topic.

My wife's friend came over today so her kid could play with my youngest. She bought a used Tahoe this morning. price was 39K for it, but got 8500 in trade for a caravan she owed 7000 on. So got it for 30,500. With taxes, fees, etc.

Financed it over 7 years at 16.9 percent interest.

I had to go outside to my garage to prevent myself from losing my shite.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
48875 posts

re: At dealer financing a car - help please
quote:

16.9 percent interest.


Volvagia
LSU Fan
Fort Worth
Member since Mar 2006
45648 posts

re: At dealer financing a car - help please
quote:

39K for it, but got 8500 in trade for a caravan she owed 7000 on. So got it for 30,500.


What?

Why isn't it 37500?


Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
9041 posts

re: At dealer financing a car - help please
quote:

Why isn't it 37500?


Maybe they took the $7000 she owed on the trade and rolled it into the amount she financed.

I've heard of people doing that.


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LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
11230 posts

re: At dealer financing a car - help please
quote:

What?

Why isn't it 37500?


It is 37,500. Posting while drinking IPA's is bad... mkay?

39,000 for tahoe
less 8500 trade
plus 7000 rollover balance

total 37,500. That's what I meant to say.
This post was edited on 1/29 at 9:09 am


Coon
Nicholls St. Fan
La 56 Southbound
Member since Feb 2005
17187 posts

re: At dealer financing a car - help please
how the F does someone owe $7000 on a caravan worth $8500? I mean, it's pretty clear how giving how bad her new deal is. i mean, she's going to be paying $64k for the tahoe. in mean, COME ON, PEOPLE!!

edit to note: i'm so dumbfounded i typed "i mean" three times in that post!!!!!! I MEAN!!!!!
This post was edited on 1/29 at 2:15 pm


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10
KG6
LSU Fan
Member since Aug 2009
9689 posts

re: At dealer financing a car - help please
quote:

7 years at 16.9 percent interest

Holy shat.

Now I know why cars are expensive.....because people are stupid.


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50
TigerinOkieHell
LSU Fan
Oklahoma City
Member since Oct 2010
2104 posts

re: At dealer financing a car - help please
quote:

16.9 percent interest


Holy crap lol.


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hungryone
LSU Fan
river parishes
Member since Sep 2010
6823 posts

re: At dealer financing a car - help please
If you went outside, you're better than I....I would have said something. Several somethings. Also, as an aside, WTF is up with Tahoes? It's the mom car of a certain segment of ladies I encounter, and it always seems to pair w/tri-tone highlighted hair, a certain age, gel nails, and sorority membership at a regional state school. I could really name a dozen women I know who fit that exact description who drive various colors & years of Tahoes.


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