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That's why a lot of people do financing, pay the first monthly payment so that the seller/financer gets their kickback, and then pay off the rest of the loan on
by LynxInLA 7y ago
That's why a lot of people do financing, pay the first monthly payment so that the seller/financer gets their kickback, and then pay off the rest of the loan on day 31.
- wingspar 7y agoI don’t even do that. Bought the last car in a Friday with their fiancé guy matching my credit union rate. Went in to th credit union on Monday and refinanced the loan, paying off the loan from the dealer. The dealer wanted over twice what the credit union wanted for GAP insurance.
- deleted 7y ago[deleted]
- to11mtm 7y agoIn some cases if you pay it off in less than 3-6 months the kickback doesn't happen. Of course, there's nothing they can do at that point...