Would you buy a new car on a 60 month loan?

by Elsewhere 134 Replies latest jw friends

  • lonelysheep
    lonelysheep
    Hell, if I'm going to go in there and drop that kind of cash for a new car, that man better drop to his knees and lick my ass hole... while making nice neat little circles with his tongue!

    LMAO...I now think of you a little differently!

    He was feeding you bullshit. Go check out Honda, or another Toyota dealership!!

  • JH
    JH

    Although I have a Toyota, the Toyota salesman are arrogant. They don't drop the price one penny, and when you come back for a trade in, they don't give you much for your car, even though it's a Toyota !!!

    They always told me to try to find a buyer for my car, because they don't give much, even for a recent Toyota with low mileage....???

    It's a good car, but a lousy mentality garage.

  • Finally-Free
    Finally-Free
    Would you buy a new car on a 60 month loan?

    I did it with my last vehicle - I wouldn't do it again unless the interest rate was very low or nonexistent.

    Hell, if I'm going to go in there and drop that kind of cash for a new car, that man better drop to his knees and lick my ass hole... and make nice neat little circles with his tongue!

    You've got the concept of customer service all wrong! They expect the customers to do that to them!

    W

  • JH
    JH

    I just bought a 2006 Corolla and paid it cash.

    This is the price in Canadian money

    $15,800 for the basic manual 2006 Corolla $1,000 for transportation...

    $1,000 for automatic transmission

    $2,000 for Air Conditioning and remote door locks

    $230 for Cruise controle

    $95 for hood deflector

    Then add 15.025% tax.....(federal and provincial tax)

    Thats what I payed for my car, but I sold my other car $13,000 so the tax is only on the difference of both cars.

    To know the American price, I guess you would have to multiply by .81 since the Canadian dollar is worth 81 cents US.

  • TresHappy
    TresHappy

    I remember several years ago I went looking for a car to buy. I was a single woman and thought I would get treated like Elsewhere, and I did at several places. They all had that Mr. Haney attitude (from Green Acres) and was getting pretty frustrated until I went to a Ford dealership and found a nice man who genuinely wanted my business. He let me drive the car over to my parents and then my dad came back and helped with the negotiations. Did I get the best deal? I will never know but I had someone who treated me with respect and actually worked with me for several hours on a slightly used Ford Escort! We still have that 1997 model, as my hubby drives it to work everyday.

  • willyloman
    willyloman

    When it comes to cars, I'm known as a super shopper who always gets the best deal. My secret? knowledge is power. And thanks to the internet, you can become a very knowledgeable shopper in a short time.

    MSN has an excellent "autos" page that lets you call up every make and model of car there is and look at the specs, the prices, the warranties, everything; you can even look at 20 pictures of the car, inside and out, from every angle. Best of all, the site will list all the other similar cars that are competitors of this particular make and model. With a click, you can compare several cars. If there are special factory incentives, interest rates, rebates, etc., it will show you that, too. They've even linked up with Consumer Reports to give you snapshot of what they think of the car.

    The net is full of car-buying services and you can check out the best prices, even lease payments. One you've established a short list of the best cars for your needs and a range of prices you can expect to pay, you're ready to shop.

    First stop is your local dealer. You are NOT going to buy a car from them, but that's your secret. You are going to ask to look at the specific model(s) you've researched. You will drive the one that interests you. You will get out of the car after the test drive, look at your watch, and say you're late for work. The salesman will try to keep you there, but ask for his card and tell him you'll come back later. He will want your name and phone number. You can give it to him if you want, or make one up. You will never see him again.

    Once you've driven the cars you're interested in, at one or more dealers, you're ready to buy. Get copy of the metropolitan daily newspaper for your area. There will a full page ad back in the classified section where all the car ads are. It will list all the dealers within a 100 mile radius, sorted by the make of the car, and list a phone number and, if you're lucky, the web site. Armed with this information, you are in business.

    Using the websites you've obtained, search each one and find the means of buying online -- they all offer this approach. Email each dealer who has the car you want and tell them what make, model, and any optional equipment you want to purchase/lease. Tell then what color you want and what kind of interior (because you have shopped hard, you will already know what the choices are). Tell them how much you are willing to pay for the car (or the monthly lease payment), how much you are willing to put down, and ask them to sell/lease you a car.

    Typically, if you send out 10 emails like this, you will get one or two who will give you everything you ask for (because you are knowledgeable and all you have asked for is the best deal, not more). Two or three will make you an offer that's close to what you wanted. A couple of them will insult you with "deals" that are not even close to what you requested. The rest won't respond, or will send you a "canned" response.

    Before you do all this, of course, go on line and get your FICO credit score. Be sure to include that info in your email. It goes without saying you should have really good credit to make this work.

  • blondie
    blondie

    60 months---add up the interest and that will give you the answer.

    I have never had more than a 48 month loan and that was without interest, $1000 off, making it equal to the dealer price (Consumer Reports has a service for a fee for that information).

    Willy has some good suggestions. Shop the car nearby but don't be afraid to go to dealers about 50 miles away.

    Knowledge is power but don't share it with the salesperson.

    Be willing and able to walk away from a car too.

    Blondie

  • Elsewhere
    Elsewhere

    TresHappy, that's all I really want.

    Of course a bit of the tongue thing certainly wouldn't hurt.

    Ok, I just went to the Mini Cooper website and put together a very nice car that would cost $20,150 and with a down payment of $5000 and 48 months at 4.4%, the monthly payment would be $344.79. I think I can handle that considering I'll be getting a very nice car with reasonable gas milage (26 - 34 MPG).

    I might drive over to a dealer this week and take a look.

  • damselfly
    damselfly

    I loooove the mini coopers! I would get blue with a white stripe.

    60 months is a very long time to pay a loan off IMO.

    Dams

  • AK - Jeff
    AK - Jeff

    We have bot new cars, but I doubt we ever will again. I buy 8-10 year old cars now. They are fully depreciated, and you normally can't finance them, so it is cash deal. If u have a little cash, you hold all the chips. 2 or 3 grand will buy a lot of car, But of course you have to be carefull and be cash ready when the cars show up - and mechanical enough to know what you are getting.

    I run 'em into the dirt then. Most of the time u can get a few years out of one. Of course if u have great distances to cover, need to have an image, or are unable to do minor repairs - not the way to go.

    Sure is nice not to have that payment.

    Jeff

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