DrPizza
Administrator Elite Member Goat Whisperer
I don't walk away when a salesman tries to screw me over. I waste at least an hour's worth of his time and get him thinking that I decided I can do without getting a new boat and can afford $xxx for a monthly payment. I tell them everything they want to hear. Then, I tell him that I had decided over an hour ago not to purchase the vehicle. "Since you were trying to screw me over, I decided to screw you over and waste your time. Have a nice day."
Incidentally, to Raduque: Maybe I can explain it for you better. See this car for 10,000? I can get you into it for $100 a month. Thing is, you're going to be paying for 15 years. I forgot to tell you that part. Your monthly payments are only partly determined by the price of the car. The other factor how long you take the loan for. A dealer can get you into just about any monthly payment for any car (well, up to the maximum you'll pay for the maximum amount of time that a bank is willing to finance a vehicle. Seems that the maximum time is getting longer and longer these days though (96 months? Or are there 120 month loans?) If you can't afford to pay it off in 3 years, you can't afford the vehicle. Not that financing for a longer term isn't a good move, particularly when you get a really low interest rate. But, if you HAVE to finance for longer, you shouldn't be purchasing that vehicle. Then again, everyone's gotta keep up with the Joneses.
edit: Oh, and this $8000 car? I can get you into it for $100 a month too! Thing is, since you don't seem to care about the actual price, I'm going to sell it to you for $9000 and finance you at a higher interest rate. You're gonna be paying it for 15 years too.
Incidentally, to Raduque: Maybe I can explain it for you better. See this car for 10,000? I can get you into it for $100 a month. Thing is, you're going to be paying for 15 years. I forgot to tell you that part. Your monthly payments are only partly determined by the price of the car. The other factor how long you take the loan for. A dealer can get you into just about any monthly payment for any car (well, up to the maximum you'll pay for the maximum amount of time that a bank is willing to finance a vehicle. Seems that the maximum time is getting longer and longer these days though (96 months? Or are there 120 month loans?) If you can't afford to pay it off in 3 years, you can't afford the vehicle. Not that financing for a longer term isn't a good move, particularly when you get a really low interest rate. But, if you HAVE to finance for longer, you shouldn't be purchasing that vehicle. Then again, everyone's gotta keep up with the Joneses.
edit: Oh, and this $8000 car? I can get you into it for $100 a month too! Thing is, since you don't seem to care about the actual price, I'm going to sell it to you for $9000 and finance you at a higher interest rate. You're gonna be paying it for 15 years too.