Bought a new car today

[toldozer]

Has anyone ever, in there life, bought a car on the first offer they come to you with? The intial cost went down 180.00 a month by the time we were done, is that not insane??????

[Ja Rhule]

Has anyone ever, in there life, bought a car on the first offer they come to you with? The intial cost went down 180.00 a month by the time we were done, is that not insane??????

That's how u do it. I went to buy a car and a salesman said my estimate monthly payment is $510. I said no way... I can only afford $320. He was like ok... Let's see what I can do. He ended up dropping 3k on a new car and I was trading in my old car in. They overvalue my old car big time. CarMax offered me $1,000 for my old car and they gave me $4,000. He also asked me for $1,500 cash but deferred my payments 3 months. So after everything we agreed to $341.

[Chimera]

I've only used dealer financing once, and that's because it was ridiculously low interest. My payments were just north of $200 a month. Any other times, I've used bank or credit union financing. The last vehicle I bought from a dealer, I talked $4100 off the original price ($18600 to $14500) After negotiating with their finance department for a while, I gave my trusty old financial institution a call. The best the dealership could offer was 5ish % APR and $330ish a month. The ended up with 3.85% and $256 a month and a smaller down payment. I had to pay like 6 more months of payments and had to wait a few more hours at the dealership, but was well worth it.

[toldozer]

Yeah the rate i got was not that great, but not terrible. I had a few credit issues a few years back because i let a friend poo on me for some rent money. That put me a little behind for awhile. I should be clear of that in about a year, but wanted to get in to something new before i had any major problems with my unwarrantied car. You best believe i will be going to a credit unión in about a year to refinance. The good news was they dropped the price way below sticker and up the value on my trade about 1,500 bucks when everything was done because i was adament about the rate being too high. After the refinance i should be a good bit below what i wanted to be paying a month to begin with. Crazy how long it took though. Four years ago i went to a second hand dealer and i swear it was like an hr process tops.

[Ja Rhule]

I got 0% financing. :cool:

[OneBadCat]

Used cars are the only way to go for me.

[panther4life]

Has anyone ever, in there life, bought a car on the first offer they come to you with? The intial cost went down 180.00 a month by the time we were done, is that not insane??????

If their first offer was the same payment you finally agreed on would you have said yes on their first offer?

[cookinwithgas]

I did it once because the specific car I wanted was only available at one dealership in the US, the next one like it was not comong for another couple of months, and I had to travel to Rhode Island to get it which took a week to plan.

[toldozer]

I did it once because the specific car I wanted was only available at one dealership in the US, the next one like it was not comong for another couple of months, and I had to travel to Rhode Island to get it which took a week to plan.

Well lahh dee dah

[toldozer]

If their first offer was the same payment you finally agreed on would you have said yes on their first offer?

If it was reasonable, then absolutely. I would have paid a little bit more then I did. I had a duke game to catch lol

[Hawk]

so, what did you buy?

[Panthro]

That's how u do it. I went to buy a car and a salesman said my estimate monthly payment is $510. I said no way... I can only afford $320. He was like ok... Let's see what I can do. He ended up dropping 3k on a new car and I was trading in my old car in. They overvalue my old car big time. CarMax offered me $1,000 for my old car and they gave me $4,000. He also asked me for $1,500 cash but deferred my payments 3 months. So after everything we agreed to $341.

They can show you $4k for your car because they are just moving a little from column a over to column b.

[MadHatter]

They can show you $4k for your car because they are just moving a little from column a over to column b.

Exactly.

Never answer their question about what payment you want.

The only things that matter is price for the car...price for trade-in....and the rate they give you.

Look at each individually up front. They like to play shell games the minutes monthly payment is the goal.

Often you get too caught up with payment and end up with a 6-7 year financing instead if 5....common way they get your payment down.

[jtnc]

What did you buy?

Please don't say a Kia or a Hyandai........