Reply to Car dealer will not budge on “online price”

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[quote=Anonymous][quote=Anonymous]Tips:   Separate out the price from the financing.

You tell the financing what the length of the loan is - they do not tell you.

Let's pretend all in cost is $16,000 [taxes, registration, fees etc]

You are putting down $4k so you need a loan of $12K.
You need an app on your phone so you can be smart and understand the trade-offs that are being proposed to you real time.

For example - is it more important monthly payment?  Number of payments?   Rate?   all of these things work together.

If you can get a 5% loan on a used car - for a $12K loan over 5 years (60 payment), your monthly payment is $226

If you can afford the $278, at 5%, that is a 48 month loan.

Today - call banks / credit unions to see what they can help you with for financing.

Also - I ran the #s that you shared and they were screwing you for financing.  Make sure you are clear in how much you are financing - what the rate is - how many years.   If you need help with this - come back to DCUM and post - people will help you with the math.
[/quote]

Great Advice.[/quote]

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