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The last time we bought a car, the salesman tried the 4 square nonsense. I declined to look at monthly payments and was evasive about how much I wanted to spend
by Loughla 4y ago
The last time we bought a car, the salesman tried the 4 square nonsense. I declined to look at monthly payments and was evasive about how much I wanted to spend. I just said, "as much as I need to, to get the car I want at a decent price, which according to my research should be X" or "my monthly budget is not your concern, I am willing to pay X for this car".
Once I had the final price on the car, and it was very comfortable to me, they STILL tried to get me to sign a 'contract' using the four-square numbers. Just monthly payment amounts, no length or other information.
They literally wouldn't move forward until I signed it. Like, wouldn't let me see the manager to finish the deal. The price was so good on this one, though, that I didn't want to just walk out.
So I took a black sharpie and crossed everything out, wrote the total price, and signed it at the bottom.
It wasn't a legal document. It was literally just a sheet with their handwriting on it saying "monthly price agreement". Nothing finance related, no legal jargon anywhere.
Ridiculous. Just absolutely ridiculous, and for what purpose?
- dano 4y agoHa ha, yeah, I remember a green sales person trying to use the four-square model on me. I looked at him and said "I'm paying cash" which confused him to no end. He had to go see his manager. In the end I didn't buy a car from that dealer. Where the cash comes from is none of their business; i.e., loan or something else.