99.5 a4
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3rd Gear
Joined: May 2006
Posts: 2,725
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RE: 99.5 a4
i live in Northford Ct. went to go look at a mint 2000 a4 last night, *** bags wouldnt sell me the car for cash, only wanted people who would finace so they could screw them on the rates and get kickbacks from the bank. so pissed finace price 7995 cash price 8995, they didnt even try to negotiate i would have done 8500 it needed a few things and it had 91k on iti said 7500 to start and the basically said we dont want a cash deal, there was a mad penalty in the finace agreement if you pay off th loan b4 3 years went by im so dam pissed i cant find any more black/white cars and i need a car soon
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Joined: Sep 2005
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RE: 99.5 a4
ORIGINAL: JohnnyBravoA4
i live in Northford Ct. went to go look at a mint 2000 a4 last night, *** bags wouldnt sell me the car for cash, only wanted people who would finace so they could screw them on the rates and get kickbacks from the bank. so pissed finace price 7995 cash price 8995, they didnt even try to negotiate i would have done 8500 it needed a few things and it had 91k on iti said 7500 to start and the basically said we dont want a cash deal, there was a mad penalty in the finace agreement if you pay off th loan b4 3 years went by im so dam pissed i cant find any more black/white cars and i need a car soon
i live in Northford Ct. went to go look at a mint 2000 a4 last night, *** bags wouldnt sell me the car for cash, only wanted people who would finace so they could screw them on the rates and get kickbacks from the bank. so pissed finace price 7995 cash price 8995, they didnt even try to negotiate i would have done 8500 it needed a few things and it had 91k on iti said 7500 to start and the basically said we dont want a cash deal, there was a mad penalty in the finace agreement if you pay off th loan b4 3 years went by im so dam pissed i cant find any more black/white cars and i need a car soon
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3rd Gear
Joined: May 2006
Posts: 2,725
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RE: 99.5 a4
the whole catch is that they want you to finace through them. this is how it works and i know because i know a few friends who do this..
the dealer runs your credit, then with your credit app. they enter your details into their system, they usually use 5 or more banks they deal with they get the lowest rate, add on between .2-.8% and present it to you. this way when the bank gets payed they send a check every month to the dealer in the amount equal to the % of intrest they added on.. this is how they make thier moeny.. so the bank gives them the amount for the car that you payed plus intrest payments so they end up making more money on the car allowing them to lower the sticker price.. all car dealers do this just some are worse then others.. its really gay, thats why if you ever went to a dealer and wanted to pay cash they usually dont budge in the price as much because they make more money when you finace
the dealer runs your credit, then with your credit app. they enter your details into their system, they usually use 5 or more banks they deal with they get the lowest rate, add on between .2-.8% and present it to you. this way when the bank gets payed they send a check every month to the dealer in the amount equal to the % of intrest they added on.. this is how they make thier moeny.. so the bank gives them the amount for the car that you payed plus intrest payments so they end up making more money on the car allowing them to lower the sticker price.. all car dealers do this just some are worse then others.. its really gay, thats why if you ever went to a dealer and wanted to pay cash they usually dont budge in the price as much because they make more money when you finace
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3rd Gear
Joined: May 2006
Posts: 2,725
From:
RE: 99.5 a4
yea i know i just need a car soon i cant really wait to long, i dont want to rent and my insurance company only provides 5 days of a rental. so im beat, and ill have to end up spending more moeny or just buying a car i dont really want
