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re: 0% financing on trucks

Posted on 4/20/20 at 7:31 pm to
Posted by CHiPs25
Member since Apr 2014
3130 posts
Posted on 4/20/20 at 7:31 pm to
quote:


I made an offer on a Toyota fj and the woman scoffed at me then raised the price on their website. She's been emailing the last two days asking if I'm still interested


One of the dealerships tried to pull the “truck won’t last long. We have 2 appointments this weekend”. I looked on car fax and they’ve had the truck for 45 days. I called them out on that and they are now asking what it’ll take to get into the truck.

How much can I anticipate them coming off sticker price?
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
8019 posts
Posted on 4/20/20 at 7:37 pm to
You can wiggle down on price, probably around 6-7k, but you not gonna get the 12k rebate
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61823 posts
Posted on 4/20/20 at 8:15 pm to
I got 38% off msrp.
But the lower range is probably 22%

Go for it!
Posted by theOG
Member since Feb 2010
10861 posts
Posted on 4/20/20 at 8:22 pm to
quote:

How does this work for used trucks?


I don’t think they’ve gotten the message yet. I’ve inquired about a few over the last couple of days and they aren’t budging from where they are listed. If I end up pulling the trigger, I’ll probably just buy new.
This post was edited on 4/20/20 at 8:24 pm
Posted by WaydownSouth
Stratton Oakmont
Member since Nov 2018
11356 posts
Posted on 4/20/20 at 8:24 pm to
Take money off.

3-4 years in if you don’t like it, you will still owe more on the 0% financing and will still be upside down

Posted by Tigerhead
Member since Aug 2004
1176 posts
Posted on 4/20/20 at 8:39 pm to
quote:

How does this work for used trucks? I am in the market for a truck with ~10k miles. I sent an email to one dealership asking for their best price and he gave me sticker price. I told him to F-off.


Not to wish bad things on anyone, but I would be patient about buying. If the price of oil stays down I'm betting there will be a lot of repo deals on lots before long.
Posted by medtiger
Member since Sep 2003
22017 posts
Posted on 4/20/20 at 9:18 pm to
quote:

Can you finance for 4 years and still get 0%?


Just do it yourself if that's what you want. Take the 0% deal for 84 months and do the math on what it takes to pay it off in 4 years.
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
17243 posts
Posted on 4/20/20 at 9:45 pm to
quote:

Just do it yourself if that's what you want. Take the 0% deal for 84 months and do the math on what it takes to pay it off in 4 years.


Why would you pay off an interest free loan (pre-paid interest actually) early???
This post was edited on 4/20/20 at 9:46 pm
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
8019 posts
Posted on 4/21/20 at 11:05 am to
quote:

Why would you pay off an interest free loan (pre-paid interest actually) early???


Unlike some people. I would rather pay it off in the first three years. I average about 5 years a vehicle. You think I wanna still be paying on a 7 year old truck
Posted by dukke v
PLUTO
Member since Jul 2006
216685 posts
Posted on 4/21/20 at 11:07 am to
56,000 for a truck is just stupid......
Posted by LNCHBOX
70448
Member since Jun 2009
89412 posts
Posted on 4/21/20 at 11:09 am to
quote:

56,000 for a truck is just stupid......


Well a Denali XL is an SUV, so
Posted by MWP
Kingwood, TX via Monroe, LA
Member since Jul 2013
11251 posts
Posted on 4/21/20 at 11:12 am to
quote:

but I would be patient about buying. If the price of oil stays down I'm betting there will be a lot of repo deals on lots before long.



I can only imagine the glut of F250's that are going to be hitting the market in a few months. It might require peeling off a dozen stickers and removing a set of truck nutz, but I think you are spot on. It is coming. There will also be a free fall of boats, Rangers, and guns as well.
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