What % interest did you get through Chrysler Capital?

[Tannehill]

💰 CASH ONLY!

Yes, if you like losing money. Only positive thing that provides in this day and age is piece of mind.

There's absolutely nothing about paying in cash that's brag worthy,sorry.

 

[Paladin06]

Yes, if you like losing money. Only positive thing that provides in this day and age is piece of mind.

There's absolutely nothing about paying in cash that's brag worthy,sorry.

I enjoy piece of mind. Not much time left here so I do as I damn well please. I'm too old to brag. I just state facts. Sorry you disagree, but I don't care.

 

[Tannehill]

My credits good. 825.

Which is exactly why you should not pay in cash. Take their low rate, only put out the liquid cash you'll actually need to while driving the car, and invest the other liquid cash into stuff that will get you 7%+. You'll be up money instead of down. Otherwise you handed out $70k+ in liquid cash and in 3,4,5 years you will never get the same amount of liquid cash back.

The only way it works is if you literally keep the car forever and sell it for more than it's worth when it's a classic

 

[Tannehill]

I enjoy piece of mind. Not much time left here so I do as I damn well please. I'm too old to brag. I just state facts. Sorry you disagree, but I don't care.

Great,glad you're happy.

But the post is also general info for other readers now and in the future.

 

[Hellcatcfp]

Which is exactly why you should not pay in cash. Take their low rate, only put out the liquid cash you'll actually need to while driving the car, and invest the other liquid cash into stuff that will get you 7%+. You'll be up money instead of down. Otherwise you handed out $70k+ in liquid cash and in 3,4,5 years you will never get the same amount of liquid cash back.

The only way it works is if you literally keep the car forever and sell it for more than it's worth when it's a classic

Training yourself to stay ahead financially by paying cash is my preferred way. In June, I booked some of my stock gains and wrote a check for 30k to pay my Hellcat off. Earning 7%+ investing is not a linear pathway, though easily attainable in the long-term. Cash is king, especially monthly free cash flow. Problem with debt is people can buy more than they can afford as long as they can cash flow it monthly. In 2012, I financed my Mazda at 0%...so i have done it as well. Whether you pay cash or finance, automobiles are a wealth destroying exercise.

 

[Octanewide]

Which is exactly why you should not pay in cash. Take their low rate, only put out the liquid cash you'll actually need to while driving the car, and invest the other liquid cash into stuff that will get you 7%+. You'll be up money instead of down. Otherwise you handed out $70k+ in liquid cash and in 3,4,5 years you will never get the same amount of liquid cash back.

The only way it works is if you literally keep the car forever and sell it for more than it's worth when it's a classic

Ding ding ding well said and ecomically sound..

 

[Krazzeeddie]

Your friend called in a "favor" each time to the banks his dealership always works with. It's a common thing and reserved for high credit score clients. Helps the dealer still make a sale instead of losing out due to financing negotiations. Dealerships work with certain banks and credit unions (many local) and give them so much business that they can call in "favors" for low rates here and there. Use to have family in the business....let me tell you, it's sad/depressing/scary/uncalled for, how many Americans are absolutely terrible with money and/or have terrible credit and no savings. So a lot of the loans these banks give have higher interest rates than their average, so the "favors" are no big deal.

Any dealer who tells you this is not true, either doesn't take part in it, needs to learn it, or needs to develop the local relationships.

My wife and I decided to do a little road trip up north yesterday and detoured by the dealer my buddy owns I needed some things and he was there so I asked him about this thread.

I never really thought about it, I have been buying cars from him for so long I never questioned him even back in the day when my credit was not that great. In a round about way what you said is true, he basically said that for every 0% customer he sends to a specific lender he will send them a few that won’t qualify but still have good enough credit for one of their lower interest loans. He says everyone wins.

He also said that if the original poster was putting down 40 grand that their finance guy or the dealer just didn’t care about making the deal and getting a happy customer that comes back in the future for more cars. If credit score was at the top of 700 and with 40 grand down as long as 0% was available he should have it.

 

[Hemidayz]

Which is exactly why you should not pay in cash. Take their low rate, only put out the liquid cash you'll actually need to while driving the car, and invest the other liquid cash into stuff that will get you 7%+. You'll be up money instead of down. Otherwise you handed out $70k+ in liquid cash and in 3,4,5 years you will never get the same amount of liquid cash back.

The only way it works is if you literally keep the car forever and sell it for more than it's worth when it's a classic

This is my goal. Keep the hellcat till it turns into a classic, then pass it down to my nephew

 

[Xylander]

I recently financed mine @ 2.4%, no money down over 72 months. I will pay it off a few years early. When I buy a new car, I take the 10% down payment I would normally give to the deal and invest it, aggressively. I've been burned before, but I've also doubled it on a few cars in 3 years time. I then use that to pay down the car.

 

[Octanewide]

I recently financed mine @ 2.4%, no money down over 72 months. I will pay it off a few years early. When I buy a new car, I take the 10% down payment I would normally give to the deal and invest it, aggressively. I've been burned before, but I've also doubled it on a few cars in 3 years time. I then use that to pay down the car.

That's good where from?

 

[Xylander]

That's good where from?

Tallahassee, FL. I *had* 780 credit score. Since, I've bought the Hellcat and just financed a new home... so... *bomb falling sound*