Is your 401k up to this standard?

[Thebrownblob]

GMAC and Ford are running some .9% finance specials. Inventories are building and they are looking to move product.

Those are pretty good rates too bad Their prices on their vehicles are out of this world and way overpriced. They can hold onto those vehicles until they start cutting prices and then we can talk. I got plenty of time.

 

[Wilson1397]

If you come out with cash I guarantee you it will be a better deal

It won’t be. they get kick backs from financing. They can actually give you a better price than cash…..just saying.

 

[Thebrownblob]

It won’t be. they get kick backs from financing. They can actually give you a better price than cash…..just saying.

That is true for now. The market is rapidly changing, in six months they will be begging for some of these vehicles to be moved. Credit is tightening, and people are not going to be approved for loans. And that is when cash will be king.

 

[UpstateNYUPSer(Ret)]

It won’t be. they get kick backs from financing. They can actually give you a better price than cash…..just saying.

Nope. You will always get a much better price if you walk in to a dealership with cash (or certified funds).

 

[Wilson1397]

Nope. You will always get a much better price if you walk in to a dealership with cash (or certified funds).

My brother in law owns a dealership and I can tell you first hand you can’t.

 

[Thebrownblob]

Nope. You will always get a much better price if you walk in to a dealership with cash (or certified funds).

Dealers have what is called a floorplan if the dealer has financing built into their price, they will not want cash. It just depends on which kind of dealer you’re going to For now.

 

[UpstateNYUPSer(Ret)]

My brother in law owns a dealership and I can tell you first hand you can’t.

I respectfully disagree.

 

[Wilson1397]

I respectfully disagree.

Go try it and get back to me

 

[Thebrownblob]

I respectfully disagree.

Well, you can respectfully disagree and you can both be right because it depends on what kind of dealer you’re talking about. My uncle also owns a dealership, some dealers buy strictly on credit and Slim margins. They are looking for the buyer that’s trying to finance because they are getting a kick back on the financing. Those dealers might be in trouble in the next few months as credit begin to tighten.

 

[UpstateNYUPSer(Ret)]

Go try it and get back to me

I have a 2021 Hyundai Kona EV so I am all set.

 

[Wilson1397]

I have a 2021 Hyundai Kona EV so I am all set.

Last time I tried to buy a car for my wife with cash they gave me a better deal by financing so I paid it off on the first payment……problem solved

 

[Up In Smoke]

Those are pretty good rates too bad Their prices on their vehicles are out of this world and way overpriced. They can hold onto those vehicles until they start cutting prices and then we can talk. I got plenty of time.

I'm looking to move out of my 2020 GMC pickup into the same model of a 2023. I'm trying to get it done for less than 6k out of pocket.

 

[IVE GOTTA PACKAGE 4U]

It won’t be. they get kick backs from financing. They can actually give you a better price than cash…..just saying.

Perhaps

 

[pkgdriver]

I have a 2021 Hyundai Kona EV so I am all set.

All the bells and whistles? Lease?

 

[IVE GOTTA PACKAGE 4U]

Last time I tried to buy a car for my wife with cash they gave me a better deal by financing so I paid it off on the first payment……problem solved

Well I bought my wife for brand new SUV 2 years ago and the cash price was much better

And also I do not have a car payment

 

[Wilson1397]

Well I bought my wife for brand new SUV 2 years ago and the cash price was much better

And also I do not have a car payment

I haven’t had a car or house payment since 2012.

 

[UpstateNYUPSer(Ret)]

Last time I tried to buy a car for my wife with cash they gave me a better deal by financing so I paid it off on the first payment……problem solved

I financed mine as well and also paid it off in full before the first payment. I then used the $7,500 EV tax credit to reduce my Federal tax bill to near zero.

 

[UpstateNYUPSer(Ret)]

All the bells and whistles? Lease?

Yes. No.

I was surprised that it did not come with navigation or a CD player. The salesman explained to me that Hyundai stopped installing those as most people use their smartphones or Sirius XM.

 

[UpstateNYUPSer(Ret)]

I'm looking to move out of my 2020 GMC pickup into the same model of a 2023. I'm trying to get it done for less than 6k out of pocket.

Check upsers to see if UPS still has the supplier discount.

 

[Up In Smoke]

Check upsers to see if UPS still has the supplier discount.

We buy from Laura GMC and their programs beat the UPS discounts every time.