Let them smash you with a huge interest rate on a loan and get a better price on the car then pay the car off the 1st month. Just let them know so you don’t have any prepayment penalties for getting the loan. They can make money off your financing even if you pay off immediately ultimately giving you a lower price on the car making it up in APR markup reimbursement from the lender.
Dealers don't get the financing bonus if you pay it off too soon. It's typically 3-6 months. You can pay off all but $100 I think to avoid them getting stiffed. Just common courtesy imo.
With all do respect, this Is an unrealistic list, starting with #1. The amount of Salespeople who WOULDN’T tell you to GTFO after you said that to them is quantifiable on one hand.
So this is my biggest fear right now, I put down the max deposit over the phone ($5K on my credit card) and the car is still in transit, suppose to arrive this week though. How did they sell it out from under you with a deposit down?This past Thursday evening I bought a new 2020 metallic grey si coupe for $25,300 OTD. Well actually $24,800 with the $500 student discount. But this took about about a month to get to this point, where the car hit the lot and the same day I put a deposit over the phone to pick up that night. So if you are offered a good deal you may need to act quickly I had two other deals fall through with one where I put the deposit down with the rep but the car was sold before he could get the finance manager to hold. The other one I said I would drive up the next morning to get and the car was sold that evening. Another issue is some dealerships are firm on pricing, one even tried to sell me a si coupe above msrp because they were in demand. There are good deals to be had but as many say here some of it is luck and timing.
I hope you have a signed purchase agreement. If you don't and they try to screw you(anything over 26K you're being screwed) just don't sign anything eventually they will give you your money back.
I asked several times for a signed agreement saying that the car was mine at this price and she kept pushing back saying all she can do is give me the quote with her manager's 'prepared by' and name at the bottom. I asked to speak with the manager to confirm but he would have to call me back since he was busy. Waited for a call back but eventually the sales rep just called me back and said he didn't have time b/c it was a Friday afternoon and they were too busy. I'm 3.5 hours away so everything was done via email/phone.
You're almost certainly being played with by a dirty dealership that will add document fees, extra charges, for at least 1K-2K, possibly more. My best suggestion is to buy a used car from a private owner and start over. Don't let these dealers screw you over.
That's not good to hear. I'm going to go in there with my guard up. After my initial negotiations last week over email I never want to deal with dealerships again, if this falls through and they try to screw me I'll likely be buying used from a private owner with an inspection.
They said that there was a "mix up" between the two finance managers. I did not even find out it was sold orginally from my rep I was working with. I inquired because over two days that I had given the card they did not run it and I emailed confirming that they had a hold on the car. I got an email stating it was sold the day before?!? I called the sales rep I was dealing with and he said he was clueless to what had happened at first stating that it was still coming. He said he would call back. Five minutes later I get a call from the sales manager stating they made a mistake. I'm guessing they already sold it before I even put the deposit down as they were attempting to offer me another different color one they had coming which I declined as at that point all trust was lost.
