Like the title its almost memorial day … should I wait or jump on this offer? Ideally i was hoping for 300 after tax per month with the maintenance at around 40-50 a month. Thoughts?
What do you mean by thin air? Wouldn’t the quoted price be around the ball park of whats offered after the credit pull with the finance manager? I mean after more negotiations that is. Just wanted to know more opinions before going on a credit pulling streak with multiple dealers or what not. Sorry if the repost upsets you just trying to find advice is all.
MSRP is exactly $45k? Invoice is exactly $41k? Residual is 53-54%? Tax is 8.5-9%? You sure the term is for 36 months and not 39 months? Post with concrete, accurate numbers and maybe more people would/can help.
Edited. New to site obviously but you make valid points.
Sales tax California tax but when I reverse engineer the pmt w/o tax seems 7.9%. Risidual I’m sure its what the finance is listing for may 54% for 39 months.
You find out what your credit is. You have them calculate payment based on your credit tier. Almost everyone on this site is Tier 1, it’s a big part of what makes the deals so good.
see below @buddyleecia post - farther down the credit score range, worse % or MF, thereby higher costs. With sedans doing what they are right now, you’ll still do pretty good even at a higher cost finance-wise
They need to make a Tier 0 for us 800 club folks. I don’t want to pay what a 740 score will pay. Shit, it’s a whopping 60 points. That’s the difference between a 640 and a 700 LOL.
I think the point is: over 740 FICO they know they will get paid. If it is a binary result (get paid/don’t get paid) over 740, there is no more discount to give.