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thinking of buying a new car

I hope you dont buy a car based on monthly payments. You buy a car for the BEST price you can get, then you agree to the terms. If you go in and say I can afford so and so that's what they are going to sell you a car for.
 
Don't know if this is still going on, but sometimes you can even get a 6 or 7 year loan. This is generally a bad idea. They use longer loan terms to give you a higher interest rate with lower payments. Since many people shop based on payments, dealerships are able to make more profits this way. Pay attention to the interest rate (and all of the other factors that make up your monthly payment). Don't let them slip a 6 or 7 year loan past you.
 
Originally posted by: mugs
Don't know if this is still going on, but sometimes you can even get a 6 or 7 year loan. This is generally a bad idea. They use longer loan terms to give you a higher interest rate with lower payments. Since many people shop based on payments, dealerships are able to make more profits this way. Pay attention to the interest rate (and all of the other factors that make up your monthly payment). Don't let them slip a 6 or 7 year loan past you.
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thanks for the advice 🙂
 
Originally posted by: Hyperblaze
Originally posted by: bababooey
Captain obvious says....call the dealership.
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No shit sherlock

However, dealership is closed right now and I was trying to educate myself a tad before hand.
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They got this thing called the internet now.. with websites.. and a google to search them
 
You can get loans from other sources besides the dealer FYI. You may get a better deal through a credit union.
 
Originally posted by: KLin
You can get loans from other sources besides the dealer FYI. You may get a better deal through a credit union.
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This, unless dealer is offering 0% but even then i'm not sure i'd be worth the potential hassles.
 
I saw your thread in the Garage forum, and if you're planning on going with the Mercedes or the Acura, be advised that there are some outstanding finance deals available from both. Generally you'll find that they're either offering really good incentives or really good financing, but generally not both.

Just head to the website of the manufacturer you're interested in and see what finance deals they're offering. As others have said, you can get good deals outside of them as well but they're very competitive given the economy.
 
Originally posted by: Descartes
I saw your thread in the Garage forum, and if you're planning on going with the Mercedes or the Acura, be advised that there are some outstanding finance deals available from both. Generally you'll find that they're either offering really good incentives or really good financing, but generally not both.

Just head to the website of the manufacturer you're interested in and see what finance deals they're offering. As others have said, you can get good deals outside of them as well but they're very competitive given the economy.
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thanks for the advice dude 🙂
 
Originally posted by: Descartes
I saw your thread in the Garage forum, and if you're planning on going with the Mercedes or the Acura, be advised that there are some outstanding finance deals available from both. Generally you'll find that they're either offering really good incentives or really good financing, but generally not both.

Just head to the website of the manufacturer you're interested in and see what finance deals they're offering. As others have said, you can get good deals outside of them as well but they're very competitive given the economy.
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😕 You obviously didn't read his thread in the Garage nor this one if you're mentioning Mercedes or Acura.
 
Everyone's different, but I'd never buy a new car. Let someone else take the depreciation. 30,000 miles is still new, and it's significantly cheaper than a brand new car.
 
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