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Comments
2018 430i Gran Coupe
Again that doesn't mean the dealer can get a better rate from another institution.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
You do notice I don't comment on most things here.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Most credit Unions are credit unions in name only and operate more like banks. One credit union here only requires you to be living north of the south pole. The banks have challenged this in the past, not sure what the result was.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I got 5.99 financing for 84 months through my Credit Union!
I was going to do 60 for 4.99, but hey...I'll take the extra point for that kind of monthly payment.
No prepayment penalty. I put 9k down, so I won't be upside down--and remember, I bought a Honda that's practically gained value since I walked off the lot with it it!
(CarMax is selling my exact vehicle, only with 11k miles, for $4000 more than I paid...ha...)
Seriously, though...with the way that car will depreciate (slowly) and my downpayment....why not 84 months?
White-Westinghouse makes just about all of the home appliances nowadays!
GE-Whirlpool-Sears-Montgomery Ward-Fridgidare and most store brands are
all W-W brands. Heck I even think W-W owns Maytag as of late !!!!!!!!!!!!
If you seriously think your Honda gained value you are simply delusional. The "value" is not what's on stickers of used car lots, even on average - let alone one place. Remember those stickers represent wishes of the dealers and their cost of both acquisition and inspection/reconditioning. Go to the very dealer you bought it from and ask how much he would give you for it. At best, ask your insurance agent how much you'd get for it if you totalled it today.
At last - focusing on monthly payment is probably the worst way to look at a vehicle transaction. It usually get one to trouble down the road.
2018 430i Gran Coupe
2018 430i Gran Coupe
Mack
Mack
-moo
Seriously, it's your money. Do what you want with it. It's not like you're upside down on the car or it's a balloon loan. Go peacefully and enjoy your new car. If you have some extra money during the course of the loan, pay it down early.
-moo
Those seven words, used liberally on every one of these forums, would go a long way towards putting some civility into what often become acrimonious "I'm right and you're a moron" pissing matches.
Well done.
May you go peacefully & sell lots of new cars.
May you go peacefully & sell lots of new cars.
This is my mantra to start out every morning now.
-moo
White-Westinghouse makes just about all of the home appliances nowadays!
I’m not going to argue with you about who makes what for whom because I don’t know.
I’ve also heard there are just a few companies that make almost all of the appliances. The real question is, do they make them all to the same specifications?
How many times have you heard when you go to buy tires, “our brand is made by Goodyear / BF Goodrich / Cooper" etc. Sure, there aren’t nearly as many manufactures as there are names on the tires so the big guys have to be making them for everyone but they are not making them for everyone to the same specifications. Just because they’re all black and round doesn’t make them equal. That should be very easy to understand, right?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I prefer test drive promotions to the the just show up promotions. At least then can hint at the fact that you don't HAVE to test drive the car and then if they still want to you at least know there is some interest.
We have a huge Dog and Pony show going on tomorrow morning. We are giving away his and her cars. A F150 and a Fusion. Guaranteed winner no strings attached all you do is pay the sales tax on the two units if you win. We know for a fact we will have 103 qualifiers here along with the people they bring so we will have some where between 150 and 250 people on the show room floor in the morning.
Here is how it works
We have been doing a promo with a local radio station for a couple months. They do a live remote every Friday on the drive home show and people stop buy to register. They draw a winner every hour and you have to be able to sing the chorus of your favorite country song on the radio.
We have 103 qualifiers who in the morning will all show up here and we will have a concert and some other things.
At 9:30 AM they will put all 103 qualifiers drivers license in a fish bowl and have a reverse draw. The last 20 in the bowl advance.
Those 20 draw an envelope, the envelopes are numbered and have a 6 digit code in them. The 6 digit code is the code to the "prize safe". One at a time you go up and try the code in your envelope, in the safe is the key to the two cars.
I don't listen to the station, I am a sports radio junkie.
BTW call me if you all ever do a test drive promotion, I would love to take a spin in one of those $100K Porches.
2nd stringer did a good job for Green Bay, but wasn't enough. Good game though.
-Moo
I
Wouldn't it be ironic if that Odyssey costs him more over the long run than my Cadillac? Actually, I really feel bad for the guy. The interest rate for such a long term is good, but 84 months is w-a-a-a-y too long! I hope he really, really likes the van or is only paying something like $200 or less a month.
Local screamer dealer has ads on TV where he brags about how he once "Got a dead guy financed". Seems he was completing the arrangements and wasn't aware that the customer had died that morning.
On the news this morning was a report that a local Chevy F&! guy was sent to county jail on charges he produced phony W-2's, payroll records and social security numbers to get his bad credit customers financed. The report said they also expect charges from another county where worked for a VW dealership.
So joel0622 do you have any corpses with bogus social security numbers driving around your area?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I do technically have a dead guy driving around. He is a Ford Retiree who had allot of joint credit with his wife. She passed away several years ago and his bureau says he is deceased. It is a hassle every time time he buys a car.
But no, I can honestly say that in 15 years I have never bouged up an app.
They do remotes from several different places a week and alway have one of the cars with them that has been wrapped with our dealership name and the radio station.
It is just an alternative to spending $12K for a full page color add in the paper that runs one day.
As I said, there's no prepayment penalty, so there's no way I'm actually going to have the loan for 84 months--I'll be paying extra on it right from the get go. But hey, if there was some emergency or something and I needed very dollar in a given month, now I'll have that option.
Obviously, I was kidding about the car gaining value, I don't seriously believe that-- but you know--I'm willing to bet that if I went into CarMax and got an an appraisal on my car this weekend, I would get offered at least what I paid for it, if not more. CarMax is the only relevant institution for me, its 10 minutes down the street and its where I sell all my cars. They just gave me $9k for an 04 Malibu! KBB trade in value on the Ody is $3200 over what I paid for it. You think they wouldn't offer $25, maybe 26k for a new EX-L in perfect condition with 300 miles that they'll sell for $30? They throw stupid money around all the time!
Don't go spreading those kind of rumors.
Many other people would see 84-month loan as way of getting them something they simply can't afford. Of course Moo's role is to sell them that item and it's not his responsibility to give financial advice - being a great guy as he is, he just finds the best way to fulfill his customer's wishes, no matter how unreasonable they might be.
I can see that for you "financial flexibilty" you get by real estate -style loan may mean you actually keep money in the bank for true emergencies and enjoy your car sooner. Most others use that term as excuse to buy that plasma TV or new couch along with that car and not to have to make choices (one or the other) - so their checking account still has $20 before the paycheck arrives, but they get more "flexibility" in paying more creditors at once.
2018 430i Gran Coupe
I agree with that.
A couple of weeks ago carmax put 47,000 dollars on a BMW 335i hard top convertiable. The most I could get out of anyone was 40,000 dollars.
Your assessment of the appliance situation is correct. White Consolidated Industries (WCI) makes a lot of appliances and markets them under orphan brands but they do NOT make GE or Whirlpool products. Whirlpool did buy Maytag last year and I think that there will be more consolidation in the industry. I also expect to see more imports from the European market as energy usage becomes more critical. Do realize that GE and Whirlpool also have a strong European presence.
WCI seems to pick up a lot of the "old" brands, slaps them on lower end product, and tries to hit the lower price points. They seem to invest little in advertising or R&D.
Who's arguing? I just stated a fact as I know it.
Same thing with some manufacturers of tires and cars. Bridgestone owns Firestone and some customers won't touch Firestone because of the Exploder debacle but don't mind the Bridgestones. I don't know if both tires are made to the same specs.
Lexus is made by Toyota, Acura by Honda, Infiniti by Nissan, The Geo/Prizm is a Toyota Corolla chassis and drivetrain, Matrix/Vibe you get the pictures.
We stopped advertising in the paper also for the same reason. Besides it doesn't matter what you advertise in the paper. Everyone comes in with the screamer add anyway and asks " Will you match this/" or " It says only $9,999 in the paper, you must be able to do that on a brand new maxima"
We do a lot of radio and TV with just the mention of the dealer name a lot and commitment to customer service.
GP
Will your dealership be adding an ADM to the Bullitt Mustangs? If so, how much?
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
I financed $17k on the van, if I were to just pay the base amount monthly, over seven years I'd have to pay just about $21k. The difference in total amount between the 48, 60, 72 and 84 products wasn't that much. More or less than you new Caddy? I don't know.
Of course, I'm not going to do that anyway, so I'm not actually going to pay that much.
You guys are too wrapped up in normal circumstances. You're used to dealing with idiots who get 84 month loans at terrible rates, put nothing down, and then when they want to trade in their 55% depreciated car in 3 years wonder why they're way upside down.
In this instance, the interest rate was basically the same if I did 36 or 84, I put a lot down, and I'll be repaying it in a shorter term anyway. The 84 month loan just gives me maximum flexibility month to month so I can better allocate my resources.
I didn't need to do 84, I just couldn't see any reason not to. Go ahead and hit me with some that actually apply to my situation, but so far I haven't heard anything.
What's wrong with a 0% loan for 84 months? Why would anyone be in a rush to payoff a 0% loan? Now that makes no sense to me.
Yup those kind of loans are good for that.
I have had times where I made 10,000 dollars one month and 2,500 the next. :sick:
That hurts.