this thread is funny. it really is funny how much information . disinformation is out there. people really don't have a clue.
oh yeah, surprising your dealer with a trade will NEVER get you a better deal. if you really want to be in the best position, sell your own car first. you will generally get $2000 - 4000 more than you would get for it on trade.
its more funny that people get themselves buried in vehicles by putting no money down and financing for 72 and 84 months time after time and get mad at ME for being $14,000 upside down.
people think a car dealer makes so much money on a car sale. ever stop and think how much the BANK makes? they structure loans so they collect the majority of your interest in the first 2 years so when you want to trade it in 3 years, you really have not paid much for the car yet. you have just paid the bank money to let you drive THEIR car.
this leads me to why leasing is better than buying, especially in today's car industry. most people like to drive a new car every 3 years. technology and safety is advancing at about the same rate. your 3 year old car will no longer be the newest and greatest thing.
if you don't want to lease, but want to beat the curve, finance no longer than 48 mos and put 20% down and do not finance your taxes. if you can't afford the payment without 60 or 72 months, then buy a cheaper car.
feel free to ask any questions as i am in car sales management and really would like to stop having to tell people they are $10,000 upside down...
Last edited by SRTpusher : 05-20-2008 at 09:59 PM.
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