Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n | ![Reply](https://www.revscene.net/styles/darklight/images/buttons/reply.gif) | |
04-16-2013, 12:38 PM
|
#76 | My homepage has been set to RS
Join Date: May 2008 Location: Lala land
Posts: 2,184
Thanked 217 Times in 118 Posts
Failed 45 Times in 20 Posts
| Quote:
Originally Posted by tofu1413 yep, a bit higher because our financing isnt in house!
2.99% was probably in house financing? | ^ Hey Tofu, u havent answered my question above regarding the % rates of financing |
| |
04-16-2013, 02:37 PM
|
#77 | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,753
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
|
% of finance is not decided by us. decided by finance manager/ bank
we are responsible for sale price.
__________________
13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
|
| |
04-16-2013, 06:58 PM
|
#78 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by dared3vil0 Without ripping me apart, Why is 20k cash today worth 22k over the life of the loan? Doesn't inflation mean it's worth alot less than 22k? | The irony, u call me condescending amongst many other things, but now you want my help!?! Fucking ridiculous
The idea would be that a dollar "tomorrow" (let's say next year) is worth about $0.97-0.98 today, due to inflation of 2-3%, so $0.98, lets say, taken today, invested in something that grows with inflation, which in theory is everything, will be worth $1 next year.
Thus $20k, in this case is worth more than cash flow received over a period of time, as you would get inflation growth for the whole amount, for the entire duration.
This is extremely simplified, but again, all down to time value of money.
|
| |
04-16-2013, 07:04 PM
|
#79 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by dared3vil0 I have to disagree with you, the 48 month @ 2.99 was through a dealership, The best the bank wanted to give was 4.49. | U guys have to stop looking at the interest rate and concentrate, instead on the cash flows.
In the real world, the best loans u can get are heloc's (home equity lines), at 3.5% because they are secured by your house - a 2.99% finance deal isn't the same as borrowing at 2.99%, as you're paying more for the car
I'm shocked at the poor level of simple finance in here, especially for people who sell cars, morally you should know what ur selling/getting clients into
|
| |
04-16-2013, 07:47 PM
|
#80 | Everyone wants a piece of R S...
Join Date: Feb 2013 Location: canada
Posts: 391
Thanked 1,044 Times in 163 Posts
Failed 183 Times in 37 Posts
| Quote:
Originally Posted by dared3vil0 I have to disagree with you, the 48 month @ 2.99 was through a dealership, The best the bank wanted to give was 4.49. | If you buy a brand new car you usually lose the cash incentive when you finance with the dealership.
|
| |
04-16-2013, 08:38 PM
|
#81 | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by VRYALT3R3D If you buy a brand new car you usually lose the cash incentive when you finance with the dealership. | This daredevil chump will never get it, I've given up trying to help.
Some people are just meant to be bottom feeders - like Kyle's dad in South Park says "the world needs both gods and clods" - he's a clod
|
| |
04-16-2013, 09:07 PM
|
#82 | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2012 Location: BC
Posts: 5,239
Thanked 4,905 Times in 1,655 Posts
Failed 331 Times in 171 Posts
| Quote:
Originally Posted by 4444 This daredevil chump will never get it, I've given up trying to help.
Some people are just meant to be bottom feeders - like Kyle's dad in South Park says "the world needs both gods and clods" - he's a clod | Oh, I'm a bottom feeder? Ohhhhhhh the irony in that statement is incredible. |
| |
04-16-2013, 09:23 PM
|
#83 | Head Moderator
Join Date: Dec 1982 Location: Great White Nor
Posts: 22,661
Thanked 6,462 Times in 2,081 Posts
Failed 98 Times in 51 Posts
|
Behave, children...
|
| |
04-16-2013, 09:34 PM
|
#84 | My homepage has been set to RS
Join Date: May 2008 Location: Lala land
Posts: 2,184
Thanked 217 Times in 118 Posts
Failed 45 Times in 20 Posts
| Quote:
Originally Posted by Lomac Behave, children... | I agree, lets keep this thread alive as it educates everyone no matter if you are a car sales guy or a buyer.
good to know the difference between cash price & finance price of a car (even if finance rates are 0%)
anyone else want to chime in?
|
| |
04-17-2013, 01:01 AM
|
#85 | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Dec 2003 Location: vancouver, B.C.
Posts: 1,843
Thanked 563 Times in 229 Posts
Failed 63 Times in 31 Posts
| Quote:
Originally Posted by 4444 This daredevil chump will never get it, I've given up trying to help.
Some people are just meant to be bottom feeders - like Kyle's dad in South Park says "the world needs both gods and clods" - he's a clod | lol go easy on him.
the guy is like 20, clueless, and degree-less.. easy pickings for u.
__________________
Cars:
02' Lexus IS300 5spd
07' BMW 323iA
05' BMW Z4 5spd
06' BMW 330i 6spd
10' Audi A4 quattro
08' BMW M3 6spd
15' Kawasaki Ninja300
08' Yamaha R6
10' Honda Ridgeline
17' Audi Q5
16' BMW X5D |
| |
04-18-2013, 08:01 PM
|
#86 | Where's my RS Christmas Lobster?!
Join Date: Feb 2008 Location: vancouver
Posts: 897
Thanked 60 Times in 42 Posts
Failed 66 Times in 18 Posts
| Quote:
Originally Posted by bing lol go easy on him.
the guy is like 20, clueless, and degree-less.. easy pickings for u. | Lets hear your side on this Bing, you usually have some insightful posts !!
|
| |
04-18-2013, 08:22 PM
|
#87 | I answer every Emotion with an emoticon
Join Date: Apr 2005 Location: Vancouver
Posts: 7,760
Thanked 375 Times in 181 Posts
Failed 159 Times in 63 Posts
|
U guys need to calculate the true cost of things. As mentioned above, there will always be a discount when u pay cash. So u need to factor that in when u calculate ur rates. At the end u may pay less by taking out a 5% loan from the bank than a 2.99% financing from a car dealership. U guys really need to do ur homework. It really frustrates me when ppl buy into the 0% financing bullshit. Posted via RS Mobile |
| |
04-18-2013, 08:25 PM
|
#88 | I *heart* Revscene.net very Muchie
Join Date: Apr 2001 Location: Van, BC
Posts: 3,666
Thanked 728 Times in 435 Posts
Failed 33 Times in 19 Posts
| Quote:
Originally Posted by VRYALT3R3D If you buy a brand new car you usually lose the cash incentive when you finance with the dealership. | The cash incentive is not always there, ie. For Toyota cash price is $500 less than lease and finance. Toyota does not negotiate on sticker pricing.
So if there's no cash incentive, you were unable to negotiate a fantastic cash price, 0% finance is offered, i still don't see any reason to pay cash assuming you are buying within your means
|
| |
04-19-2013, 05:41 AM
|
#89 | Everyone wants a piece of R S...
Join Date: Feb 2013 Location: canada
Posts: 391
Thanked 1,044 Times in 163 Posts
Failed 183 Times in 37 Posts
| Quote:
Originally Posted by UFO The cash incentive is not always there, ie. For Toyota cash price is $500 less than lease and finance. Toyota does not negotiate on sticker pricing.
So if there's no cash incentive, you were unable to negotiate a fantastic cash price, 0% finance is offered, i still don't see any reason to pay cash assuming you are buying within your means | There was no cash incentive on the 2014 GT500 I ordered. I was still able to negotiate $4500 off MSRP. I wouldn't pay MSRP for any car. And the GT500 is way "hotter" of a car then any brand new Toyota. Negotiating the cash price first of the car will always get you a better deal then telling the dealer you are going to finance it or lease it off the bat. 2013 Ford Shelby GT500 is flying off dealer lots
I would also never pay MSRP for any Toyota lol
|
| |
04-19-2013, 07:01 AM
|
#90 | I *heart* Revscene.net very Muchie
Join Date: Apr 2001 Location: Van, BC
Posts: 3,666
Thanked 728 Times in 435 Posts
Failed 33 Times in 19 Posts
|
I totally get that, I just raised Toyota's pricing structure as an example. The markup, MSRP, ability to negotiate large sums off MSRP, are all quite individual to search scenario. Try walking into Honda and asking for 4500 off a civic, I doubt they even make 4500 on it even if sold at MSRP.
Bottom line for me is to do your research beforehand. Blanket statements like is stupid to finance or lease, nobody pays MSRP, cash is always king, dont always hold true. It depends on the car you're after, your personal financial situation, and at times even how good a lowballer you are
|
| |
04-19-2013, 10:26 AM
|
#91 | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,753
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
|
Civic four door, EX-L full load has about $1800 margin in them max....
Honda fits have less than $900
japanese dealers work with skinny margins nowadays...
__________________
13' Nissan DBA-R35 GT-R Black Ed - Black met. - "Sophia"
90' Honda EF Civic HB // 04' Honda Pilot Granite
- The Drinker of Many Many Coffees @ McLaren Vancouver
|
| |
04-19-2013, 12:29 PM
|
#92 | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: surrey
Posts: 2,526
Thanked 149 Times in 90 Posts
Failed 132 Times in 38 Posts
| Quote:
Originally Posted by tofu1413 Civic four door, EX-L full load has about $1800 margin in them max....
Honda fits have less than $900
japanese dealers work with skinny margins nowadays... |
I guess you'll have to be a super negotiator to get Toyota to sell you at closer to their cost then the $500 max.
Points i learned : car is not investment, house is investment. And buy a used car with Cash
|
| |
04-19-2013, 12:55 PM
|
#93 | Everyone wants a piece of R S...
Join Date: Feb 2013 Location: canada
Posts: 391
Thanked 1,044 Times in 163 Posts
Failed 183 Times in 37 Posts
| Quote:
Originally Posted by wasabisashimi I guess you'll have to be a super negotiator to get Toyota to sell you at closer to their cost then the $500 max.
Points i learned : car is not investment, house is investment. And buy a used car with Cash | You just need to find out the holdback and invoice pricing and work from the invoice up -- not the MSRP down.
|
| |
04-19-2013, 04:24 PM
|
#94 | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,753
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
| Quote:
Originally Posted by wasabisashimi I guess you'll have to be a super negotiator to get Toyota to sell you at closer to their cost then the $500 max.
Points i learned : car is not investment, house is investment. And buy a used car with Cash | gotta know the right person to get discount at Toyota...
I refer my clients looking for Toyotas for straight up fleet price... it aint bad Posted via RS Mobile |
| |
04-19-2013, 04:40 PM
|
#95 | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: surrey
Posts: 2,526
Thanked 149 Times in 90 Posts
Failed 132 Times in 38 Posts
| Quote:
Originally Posted by tofu1413 gotta know the right person to get discount at Toyota...
I refer my clients looking for Toyotas for straight up fleet price... it aint bad Posted via RS Mobile | By Right person, do you mean "connection"? or the right "salesman" and their mood YMMV?
|
| |
04-19-2013, 04:53 PM
|
#96 | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,753
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
|
more like personally know a manager.. salesman have no say on sale price! Posted via RS Mobile |
| |
04-19-2013, 05:10 PM
|
#97 | Where's my RS Christmas Lobster?!
Join Date: Feb 2008 Location: vancouver
Posts: 897
Thanked 60 Times in 42 Posts
Failed 66 Times in 18 Posts
| Quote:
Originally Posted by tofu1413 more like personally know a manager.. salesman have no say on sale price! Posted via RS Mobile | do you know the toyota manager at Toyota richmond or in Vancouver?
|
| |
04-19-2013, 06:06 PM
|
#98 | :: Sells McLarens, Not tofu :okay: ::
Join Date: Aug 2007 Location: vancouver
Posts: 10,753
Thanked 11,826 Times in 3,334 Posts
Failed 211 Times in 89 Posts
|
a store in vancouver. but by referral only. Posted via RS Mobile |
| |
04-20-2013, 02:03 PM
|
#99 | Where's my RS Christmas Lobster?!
Join Date: Feb 2008 Location: vancouver
Posts: 897
Thanked 60 Times in 42 Posts
Failed 66 Times in 18 Posts
| Quote:
Originally Posted by q0192837465 U guys need to calculate the true cost of things. As mentioned above, there will always be a discount when u pay cash. So u need to factor that in when u calculate ur rates. At the end u may pay less by taking out a 5% loan from the bank than a 2.99% financing from a car dealership. U guys really need to do ur homework. It really frustrates me when ppl buy into the 0% financing bullshit. Posted via RS Mobile | so when dealers advertise as 0% financing, how does it work in "real life" ? What actually happens?
It isn't as good as a deal as it sounds to be right?
|
| |
04-20-2013, 04:31 PM
|
#100 | I *heart* Revscene.net very Muchie
Join Date: Apr 2001 Location: Van, BC
Posts: 3,666
Thanked 728 Times in 435 Posts
Failed 33 Times in 19 Posts
|
It IS as a good a deal as it sounds. There is a possibility you can negotiate a better deal if you are paying cash, assuming that the dealer is open to negotiations or there is a cash incentive/rebate offered by the manufacturer
|
| | ![Reply](https://www.revscene.net/styles/darklight/images/buttons/reply.gif) | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 05:11 PM. |