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Reply to "Car dealer will not budge on “online price”"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much will you have paid for the car after making payments for 72 mo at 9.5% interest???[/quote] OP was asked to put $4,380 down, and told the payment would be $278 for 72 months. $4,380+($278x72)= $24,396[/quote] Except if she puts $4,380 down on a car that is $14,927 -- even if you assume another $1,000 in tax/tag/fees, a payment on a $11,547 loan at 9.75% for 72 months would only be $212, not close to $278. If it were for 60 months, it would still only be $243. They must be rolling thousands of dollars into that loan (like thousands of dollars in extended warranties) or doing something else to rip you off, in addition to the crazy interest rate. You need to check every line to see what the bottom line price is that the financing is based on. [/quote]
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