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Old 07-31-2014, 02:39 PM   #126
 
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His point is that you would be better off putting the money in the bank rather then spend it on a 0% interest loan.
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Old 07-31-2014, 02:46 PM   #127
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Turk, doesn't this example/theory only works if you have the cash on hand at time of purchase and instead of plopping it down on the salesman desk, you walk over to the finance manager's office and get the low interest loan AND then go to the bank to put that cash into an account/investment with a higher interest than the loan?

I would argue that most all auto loans are not used in this way. Hence why I believe there's the theory, and then there's reality that people are getting into auto loans to leverage future income (which is not making them money now) over the next X years, for a car that they couldn't afford in cash allocated to a car purchase.

WSJ published figures that 70% of American's are living paycheck to paycheck. I would then say that probably 80%+ of American's don't have the cash allocated for their auto purchases.
It's the extreme, so if you have 100 budgeted a month for an auto loan, and you get one at 0% forsay 50 a month, the extra 50 put in the bank will still outweigh the early pay off.
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Old 07-31-2014, 04:25 PM   #128
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Turk, doesn't this example/theory only works if you have the cash on hand at time of purchase and instead of plopping it down on the salesman desk, you walk over to the finance manager's office and get the low interest loan AND then go to the bank to put that cash into an account/investment with a higher interest than the loan?
Right, and in this specific case, you could earn 0.01% in a checking account and still make more money, we're talking about 0% loans.
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Old 07-31-2014, 04:29 PM   #129
 
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That's a pretty good rate, where did you find that deal?
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Old 07-31-2014, 04:53 PM   #130
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Old 07-31-2014, 05:54 PM   #131
 
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So anyone buy one yet?
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Old 07-31-2014, 06:00 PM   #132
 
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Who cares? YAY!!!!
Well according to the bottom of my screen about seven more people than the members viewing the thread on some idiot burning his paint cause he doesn't know how to buff.
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Old 07-31-2014, 06:13 PM   #133
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So anyone buy one yet?
No, we're too busy bench financing.
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Old 07-31-2014, 06:20 PM   #134
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posts thread about great financing offer on new mustang....


THREAD DERAILS IMMEDIATELY AND BECOMES A BATTLE OF WITS ON FINANCE.


Just 'nother day on TCG
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Old 07-31-2014, 06:21 PM   #135
 
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We're all experts in every field, Jared.
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Old 07-31-2014, 06:22 PM   #136
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Clearly I've underestimated you all
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Old 07-31-2014, 07:57 PM   #137
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LOLs....sign and drive that bitch off the lot
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Old 07-31-2014, 11:54 PM   #138
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Sign and drive 0.0x96 mos plus 5000 rebate
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Old 08-01-2014, 12:59 AM   #139
 
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Old 08-01-2014, 07:03 AM   #140
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I might get 2 at that price
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Old 08-01-2014, 07:48 AM   #141
 
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Well according to the bottom of my screen about seven more people than the members viewing the thread on some idiot burning his paint cause he doesn't know how to buff.
Lol your fragrance is of butthurt my lady. Now hike up your skirt and go buy a mustang for 0% Nancy.
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Old 08-01-2014, 08:13 AM   #142
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Yep. Looks like business as usual.
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Old 08-01-2014, 08:22 AM   #143
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Sign and drive 0.0x96 mos plus 5000 rebate
Can you make it 0.0108?
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Old 08-01-2014, 09:35 AM   #144
 
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I'll be in next week to pick mine up. Possibly.
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Old 08-01-2014, 09:36 AM   #145
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Now, if only VW had this type of deal I'd probably have a new DD....
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Old 08-01-2014, 09:50 AM   #146
 
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Now, if only VW had this type of deal I'd probably have a new DD....
I bought my VW last year in June at got .9.... A monthish after that they went to zero percent. So I'd be on the lookout for it coming soon.
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Old 08-01-2014, 10:04 AM   #147
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I bought my VW last year in June at got .9.... A monthish after that they went to zero percent. So I'd be on the lookout for it coming soon.
Right now they have multiple deals on 2014 models (cash back and financing), but I'm set on a 2015 GTI. She will be mine, oh yes, she will be mine.
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Old 08-01-2014, 10:16 AM   #148
 
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Might have to wait for a deal on that... I don't think they will have problems selling those!

I wouldn't mind swapping the Beetle for A GTD.
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Old 08-01-2014, 10:27 AM   #149
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Might have to wait for a deal on that... I don't think they will have problems selling those!

I wouldn't mind swapping the Beetle for A GTD.
Yeah, my plan is to order one sometime in the winter to get it in the spring. I'm in no rush.
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Old 08-01-2014, 12:24 PM   #150
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@EmersonHart13 where did you get yours? Did they give you a good deal?
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