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Started By
Message
At dealer financing a car - help please
Posted on 1/28/17 at 10:56 am
Posted on 1/28/17 at 10:56 am
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?
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?
8
Posted on 1/28/17 at 11:28 am to SirWinston
I'd tell him to frick off.
If he can't beat the rate you have through Chase, tell him you'll wait.
If he can't beat the rate you have through Chase, tell him you'll wait.
Posted on 1/28/17 at 12:04 pm to SirWinston
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.
Posted on 1/28/17 at 12:14 pm to SirWinston
Run or walk away at a brisk pace. You are doing them a favor by purchasing and not the other way around
Posted on 1/28/17 at 12:44 pm to SirWinston
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
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
Posted on 1/28/17 at 12:55 pm to SirWinston
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
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
Posted on 1/28/17 at 1:19 pm to BobDobalina
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
Posted on 1/28/17 at 3:32 pm to BobDobalina
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.
Posted on 1/28/17 at 3:36 pm to SirWinston
If your uncomfortable about the deal....which apparently you are...then you already know its not the deal for you....walk away
Posted on 1/28/17 at 3:42 pm to Bow08tie
There are 5 pages on this same post on the OT
Posted on 1/28/17 at 4:14 pm to Twenty 49
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.
Also, do what everybody else said above.
Posted on 1/28/17 at 11:10 pm to SirWinston
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.
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.
Posted on 1/29/17 at 4:12 am to LSUFanHouston
quote:
16.9 percent interest.
Posted on 1/29/17 at 4:59 am to LSUFanHouston
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?
Posted on 1/29/17 at 8:06 am to Volvagia
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.
Posted on 1/29/17 at 9:07 am to Volvagia
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 1/29/17 at 9:09 am
Posted on 1/29/17 at 2:13 pm to LSUFanHouston
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!!!!!
edit to note: i'm so dumbfounded i typed "i mean" three times in that post!!!!!! I MEAN!!!!!
This post was edited on 1/29/17 at 2:15 pm
Posted on 1/29/17 at 2:45 pm to LSUFanHouston
quote:
7 years at 16.9 percent interest
Holy shat.
Now I know why cars are expensive.....because people are stupid.
Posted on 1/29/17 at 3:11 pm to castorinho
quote:
16.9 percent interest
Holy crap lol.
Posted on 1/29/17 at 4:28 pm to LSUFanHouston
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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