What are your monthly payments?

ZeroZeta · 11-15-2013, 02:42 PM

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you financed.)

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

theDreamer · 11-15-2013, 02:44 PM

Quote:

Originally Posted by ZeroZeta

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full but also getting something closer to their desired amount which they lowered when you went to financing.

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price.

Dealers can make kickbacks if you finance, so many times it is in their best interest to have you do that over paying cash. Additionally, a lot of dealers buy from the manufacture on credit so if they can move a car in X number of days plus make a kickback for you financing it they sold a car without having to really buy it plus made profit & kickback.

Meulen · 11-15-2013, 02:48 PM

Quote:

Originally Posted by ZeroZeta

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you went to financed.)

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

They offered me a lower price for the car if I
1. bought their ext warranty and...
2. got the car dealer certified for the warranty
3. Financed a portion of it

I guess it was really a wash for me, except I got a warranty out of it that I wasn't expecting to purchase. I think they probably got an incentive to finance/cert./warranty from the bank/mfg. and were able to give me the warranty for my trouble.

Had I just paid cash and walked out the door I would have paid a higher price and not had the ext warranty.

ZeroZeta · 11-15-2013, 02:57 PM

That makes sense.

I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

Meulen · 11-15-2013, 03:03 PM

Quote:

Originally Posted by ZeroZeta

That makes sense.

I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

Can't look at it that way. Crap like that is out of your control. Just enjoy your good fortune and the fact you were able to buy one!

Just realized you are in Chicago.

I work in the Loop.

TerribleONE · 11-15-2013, 03:10 PM

300-350 here

ZeroZeta · 11-15-2013, 03:13 PM

Indeed. Overall I know on some level you always get a little screwed making a big purchase.

Ha! I am sitting in the West loop as well a block or two away from the Ogilvie Transportation Center (Metra station.)

Sadly my Z never sees downtown Chicago - It doesn't like the traffic and road rage. ha ha.

Waiz · 11-15-2013, 03:21 PM

My Z is long paidoff but when I financed it as a CPO my payment was $470 and I didn't put alot down since I like to invest my money and would rather have the cash in my pocket.

I only put $3,000 down and invested $5,000 into Apple stock back in 2006

$5,000 = roughly 50 shares at roughly $100 a share and at Apples current stock price that = $21,000 profit (before taxes) which nearly paid for my Z

edub370 · 11-15-2013, 03:42 PM

paid off! i'd say it's about time to swap cars and get in debt for something else!

DEpointfive0 · 11-15-2013, 04:37 PM

I paid a 23k down payment for a car in hundreds. It took a while, but they didn't mind

XiP · 11-15-2013, 04:43 PM

Quote:

Originally Posted by DEpointfive0

I paid a 23k down payment for a car in hundreds. It took a while, but they didn't mind

shoulda used ones
trololol

DEpointfive0 · 11-15-2013, 05:13 PM

Quote:

Originally Posted by XiP

shoulda used ones
trololol

I had to call the bank ahead of time to tell them I wanted that much cash... Cocksuckers asked if I wanted a Casher's Check instead... For $10, I told them that I hate Bank of America, and hope they go bankrupt and said while Chase is SUPPOSED to charge me for one too, they never have. And I told them to keep counting. I carry a gun in TX, I'm not afraid. Lol

jaybulls · 11-16-2013, 04:54 PM

Quote:

Originally Posted by DEpointfive0

I paid a 23k down payment for a car in hundreds. It took a while, but they didn't mind

that's almost exactly how and the amt. i paid for my new '11 cr-z ($26k)...

dbeck4 · 11-16-2013, 12:44 PM

Financed 38,142, 0 down, 1.9% for 75 Months
Payment - 540.18

Mishimoto · 11-16-2013, 01:03 PM

PenFed is a credit union out of PA. I believe they service the entire US, though. You have to 'join the credit union', which basically means you fill out a form and deposit $5.

At the time I bought my car I got 1.74% APR for 60 Months. I just got an e-mail that they are offering .99% APR. They finance 100%.

https://www.penfed.org/PenFed-Car-Bu...387&adcode=401

Best,

Mike

View Poll Results: How much are your monthly payments
$0 -- I own it!	57	22.18%
$200 to $249	3	1.17%
$250 to $299	6	2.33%
$300 to $349	18	7.00%
$350 to $399	19	7.39%
$400 to $449	34	13.23%
$450 to $499	33	12.84%
$500 to $549	27	10.51%
$550 to $599	17	6.61%
$600+	43	16.73%
Voters: 257. You may not vote on this poll

11-15-2013, 03:10 PM	#6 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5851	300-350 here __________________ 638WHP 541WTQ @ 13.5PSI Build thread

11-15-2013, 03:13 PM	#7 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	Indeed. Overall I know on some level you always get a little screwed making a big purchase. Ha! I am sitting in the West loop as well a block or two away from the Ogilvie Transportation Center (Metra station.) Sadly my Z never sees downtown Chicago - It doesn't like the traffic and road rage. ha ha. Meulen likes this. Last edited by ZeroZeta; 11-15-2013 at 07:31 PM.

11-15-2013, 03:42 PM	#9 (permalink)
edub370 A True Z Fanatic Join Date: May 2011 Location: KCMO Posts: 3,458 Drives: 09 370z S/T 6MT Rep Power: 20	paid off! i'd say it's about time to swap cars and get in debt for something else! __________________ 09 370Z ST 6MT//Injen CAI//Greddy CBE//TP//TSW's//Swifts//Stillen lip//Whiteline sways 326whp/268tq

11-15-2013, 04:37 PM	#10 (permalink)
DEpointfive0 A True Z Fanatic Join Date: Jan 2012 Location: SoCal Posts: 14,824 Drives: a lot Rep Power: 17152	I paid a 23k down payment for a car in hundreds. It took a while, but they didn't mind onzedge, XiP and Troyz like this. __________________ Do YOU want to know what/where I got my username from? ( Click to show/hide ) NSFW due to language:

11-15-2013, 02:42 PM	#1 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	Hey Meulen. Curious what the dealer's incentive was. I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you financed.) Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

11-15-2013, 02:57 PM	#4 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	That makes sense. I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

11-15-2013, 03:21 PM	#8 (permalink)
Waiz A True Z Fanatic Join Date: Apr 2010 Location: SoCal Posts: 9,262 Drives: Z33 & GE8 Rep Power: 459	My Z is long paidoff but when I financed it as a CPO my payment was $470 and I didn't put alot down since I like to invest my money and would rather have the cash in my pocket. I only put $3,000 down and invested $5,000 into Apple stock back in 2006 $5,000 = roughly 50 shares at roughly $100 a share and at Apples current stock price that = $21,000 profit (before taxes) which nearly paid for my Z

11-16-2013, 12:44 PM	#14 (permalink)
dbeck4 Base Member Join Date: Oct 2013 Location: Atlanta, GA Posts: 6 Drives: 2013 370z NISMO Rep Power: 12	Financed 38,142, 0 down, 1.9% for 75 Months Payment - 540.18

11-16-2013, 01:03 PM	#15 (permalink)
Mishimoto Base Member Join Date: Jul 2011 Location: Wilmington, DE Posts: 80 Drives: 370Z Rep Power: 14	PenFed is a credit union out of PA. I believe they service the entire US, though. You have to 'join the credit union', which basically means you fill out a form and deposit $5. At the time I bought my car I got 1.74% APR for 60 Months. I just got an e-mail that they are offering .99% APR. They finance 100%. https://www.penfed.org/PenFed-Car-Bu...387&adcode=401 Best, Mike __________________ Mishimoto Automotive

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