4 ms·
I tried to buy a Mazda car outright. I was told that it would be 2000 dollars more expensive unless I finance. I then asked if I can get the loan and immediate
by ilyagr 9y ago
I tried to buy a Mazda car outright. I was told that it would be 2000 dollars more expensive unless I finance.
I then asked if I can get the loan and immediately pay it off, and the dealership became sad. Apparently, Mazda financing gives them the 2000 dollars, but if the customer pays off the loan in less than 6 months, the dealership losses the money (on other states, they'd probably have an early repayment fee on the loan, but that's illegal in California).
So, I took the loan, paid off all but a thousand dollars, and now feel silly paying off the remainder over 6 months.