NEW TRUCK!!!

[Huntindog]

Is on the way.
We pulled the trigger today on a 2020 Silverado High Country 3500 DRW Crew Cab Duramax/Allison 4x4.
Got just about everything but the Sunroof and blackout lights.
Should arrive in 8-10 weeks.

[troubledwaters]

Huntindog wrote:
Financing is never free. It is rolled into the price when it is offered. If you look hard enough, you can buy it for less if you forgo the "free" financing

Just one of the many games the car biz plays.

With all due respect, you can get a rock bottom deal and great dealer financing also. Actually the dealer doesn't finance anything, they just have good connections at lending institutions that can give the "good credit" buyers really low rates. Every deal I've ever made, I negotiated a rock bottom price first; including all possible incentives. At the same time, I've always went in knowing exactly what the lowest bottom line finance rate I could get on my own was. Then if a dealer could get me a lower rate, I would take it. Sometimes they could beat the rate I got sometimes they can't. You can have your cake and it too; you just have to be as well informed as the dealer.

Works the same way for zero percent financing vs. a cash incentive. Take which ever one works out best when you do the math. It's an either or proposition, not rocket science.

[BigDinAZ]

The key is to know how to deal. Never, ever take the first offer. They always come back high. Don't let them see how much you want it, and negotiate. Most dealers want to move inventory and they will negotiate, if they don't want to give you a deal you want, walk.
We had a really good trade which was paid for. The sticker on our truck after rebates came out to like 63k. Rather than try and talk them down on the truck, we talked them up on our trade. We ended up at half to askig price of the truck after tax, title, and tags it was like 32k which we paid cash for.

The RV deal was because we waited until they were clearing them off the lot for the new 20 models. We ended up financing the rv to keep credit high. In the end we financed 30k which is very manageable as we have no other debt.
We waited and watched them for quite a while and we saw the prices on the 19's going down until it was where we felt is was good, then we purchased.
I am not a compulsive buyer, and I used to sell campground memberships and time shares, so I know the rodeo game and play on my rules, not the dealers.

[4x4ord]

Whether a person uses the banks money or their own is not really a big deal. I think I've heard that those who are good with their money have no more than 5% of thier networth tied up in vehicles. Probably not a bad rule for us over 50 to adhere to.

[mich800]

Huntindog wrote:

HTElectrical wrote:

Huntindog wrote:

Bionic Man wrote:

Huntindog wrote:

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

I have not had a car payment in decades. That will remain so going forward.

As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.

I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.

Congrats on the new ride. I hope it treats you well.

Financing is never free. It is rolled into the price when it is offered. If you look hard enough, you can buy it for less if you forgo the "free" financing

Just one of the many games the car biz plays.

That is DEFINITELY not always true!!!! I was going to buy my truck with cash, but when I found out that I could get 0% financing I said "why not." You have to make your deal with an out the door price. Once you get the cash price you find acceptable, then you can take the 0% financing. I was still able to use my GM cash, and rebate.

A good dealer is one that makes you feel as though you got the best of him.

The facts are way different than the feeling though. Dealerships, Banks etc. all occuppy property worth way more than all of our houses.
That didn't happen by customers getting the best of them.
The same thing applies to Casinos.

You had a great dealer.
You did not get the best price you could have though.... In your own words, you got a price you were happy with. Two different things.

Correct. Zero financing is typically in lieu of a different rebate. If you like to negotiate you can still get a good deal and throw away one of the rebates and come out ahead.

[Huntindog]

HTElectrical wrote:

Huntindog wrote:

Bionic Man wrote:

Huntindog wrote:

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

I have not had a car payment in decades. That will remain so going forward.

As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.

I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.

Congrats on the new ride. I hope it treats you well.

Financing is never free. It is rolled into the price when it is offered. If you look hard enough, you can buy it for less if you forgo the "free" financing

Just one of the many games the car biz plays.

That is DEFINITELY not always true!!!! I was going to buy my truck with cash, but when I found out that I could get 0% financing I said "why not." You have to make your deal with an out the door price. Once you get the cash price you find acceptable, then you can take the 0% financing. I was still able to use my GM cash, and rebate.

A good dealer is one that makes you feel as though you got the best of him.

The facts are way different than the feeling though. Dealerships, Banks etc. all occuppy property worth way more than all of our houses.
That didn't happen by customers getting the best of them.
The same thing applies to Casinos.

You had a great dealer.
You did not get the best price you could have though.... In your own words, you got a price you were happy with. Two different things.

[HTElectrical]

Huntindog wrote:

Bionic Man wrote:

Huntindog wrote:

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

I have not had a car payment in decades. That will remain so going forward.

As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.

I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.

Congrats on the new ride. I hope it treats you well.

Financing is never free. It is rolled into the price when it is offered. If you look hard enough, you can buy it for less if you forgo the "free" financing

Just one of the many games the car biz plays.

That is DEFINITELY not always true!!!! I was going to buy my truck with cash, but when I found out that I could get 0% financing I said "why not." You have to make your deal with an out the door price. Once you get the cash price you find acceptable, then you can take the 0% financing. I was still able to use my GM cash, and rebate.

[gattorgetter]

Huntindog wrote:
Is on the way.
We pulled the trigger today on a 2020 Silverado High Country 3500 DRW Crew Cab Duramax/Allison 4x4.
Got just about everything but the Sunroof and blackout lights.
Should arrive in 8-10 weeks.

Plan on longer than that... we havent begun to build them yet

[hvac]

I dont buy the pay off a new truck at purchase. This from one debt free since age 50. Now 63. I budget for payments like food, taxes, etc.maybe a few years of no payments. Repairs and inconvenience of an aging drive train, not me anyway. New every 6 years. Works for me..

[wanderingbob]

Young man next door showed me his new Ford 3500 yesterday , 84 payments , financed for ONLY $800 and change per month , WOW ! I guess we all did it that a way once?

[BigDinAZ]

Huntindog wrote:
Is on the way.
We pulled the trigger today on a 2020 Silverado High Country 3500 DRW Crew Cab Duramax/Allison 4x4.
Got just about everything but the Sunroof and blackout lights.
Should arrive in 8-10 weeks.

You have just entered the world of slow motion. They days are going to drag, and it's going to be an eternity.

I can't wait to see pictures!

Congrats...

[Jayco-noslide]

Someone said "why use your money" with good financing rates. That's the way the financial and lending business want you to look at it. They want to make it seem that buying something you can't pay for today( doesn't matter if it's a dish washer or an RV) is not only OK but a good idea. Actually it's a bad idea even if the loan is no interest. Once one becomes debt free all sorts of spillover benefits occur which lead to more money in the long run and a good feeling.

[kellem]

I'm on my 3rd Red truck in a row. Lol

Congrats on the new beast.

[Huntindog]

Hammerboy wrote:

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

Some of these young folks are still living with mom and pop.

I know some people always figure a car payment. What I mean by that is when they pay off the vehicle they continue the discipline of making payments to the "vehicle" savings account. Then someday when they decide to trade they have money in the bank as well as the trade in and therefore hopefully a much smaller loan if any. That's what I'm doing anyway, my truck is long payed for so now I just dump money in the account. Still lots of money but kind of spreads it out that way I guess and makes budgeting more consistent.

Dan

Now this is a great plan to get off the payment train.
IMO, financial institutions are VERY good at figuring the time value of money. Much better that the public at large. They certainly have some large expensive properties, paid for with the profits they make loaning money out.

[Hammerboy]

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

Some of these young folks are still living with mom and pop.

I know some people always figure a car payment. What I mean by that is when they pay off the vehicle they continue the discipline of making payments to the "vehicle" savings account. Then someday when they decide to trade they have money in the bank as well as the trade in and therefore hopefully a much smaller loan if any. That's what I'm doing anyway, my truck is long payed for so now I just dump money in the account. Still lots of money but kind of spreads it out that way I guess and makes budgeting more consistent.

Dan

[ksss]

Bionic Man wrote:

Huntindog wrote:

Jayco-noslide wrote:
Ummmm. Must be like buying a fancy luxury car; Mercedes, BMW. I won't ask you personally and don't want to know, but I'm wondering how many young folks buy and finance these things for a hundred years.

I have not had a car payment in decades. That will remain so going forward.

As for the youngsters.... Starting out they likely need to have car payments. Hopefully many will get off the payment train ASAP.

I just bought an Expedition. Ford Credit finance choices were 0% for 5 years or 1.8% for 6. At those interest rates it would be silly to use your own money.

That is my thought as well. As long as money is cheap, I will use someone elses.

Congrats on the new ride. I hope it treats you well.