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[quote=Anonymous]When I bought a Prius in 2016, I had applied for a car loan prospectively through my credit union (up to the full cost of the absolute most the car might cost including options, taxes, and fees at a 1.5% annual rate) and brought the paperwork with me. I had already arrived at an excellent price through emailing five local(ish) dealerships and comparing their prices offered through TrueCars and the Costco purchase programs, and getting the closest dealership to price match the lowest offer and also throw in a few accessories for free (since the car in the color I wanted in their inventory had extra options that I didn't need and wouldn't pay for, and I would have bought elsewhere if I had been charged extra for them). I brought printouts of the correspondence. I timed my email negotiations for the last week of the month and showed up to buy on the last day of the month (although that was probably unnecessary, since I had the offer in hand). The car had a manufacturer's rebate of $1,500 and I knew about the 0% financing offer through Toyota (Consumer Reports will send you a summary of all the rebates and discounts in play for a small fee. You also find out what the dealership pays for the car and can know exactly where the point is that they can no longer make any profit, which sometimes they'll go under to meet sales quotas. I think it was $15). However, I learned when the financing guy presented me with Toyota's financing offer that there was an either/or choice between the rebate or the 0% financing. I chose the rebate, went with the 1.5% financing, and ended up paying the loan off early (in 6 months, rather than the 36 month period), so I actually paid very little in terms of interest. Although there were a few steps, it was an easy and smooth process (and simple to freeze out the dealerships that wanted to play games with their numbers).[/quote]

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