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Personally, I'm very skeptical of these plans atm. I just went to go buy a Toyota Rav 4 Hybrid XSE. I have cash, so purchasing should not be hard - yet there ar
by kodah 4y ago
Personally, I'm very skeptical of these plans atm. I just went to go buy a Toyota Rav 4 Hybrid XSE. I have cash, so purchasing should not be hard - yet there are no Rav 4 Hybrid XSEs available and they're not taking orders due to availability. This applies to all EVs in my area. This was not something I've anticipated and I don't know how they're going to meet demand.
- smugma 4y agoLast month a friend was looking to buy a minivan (3 kids ages 1-3). The dealers either didn't have inventory or were charging $8-10K over MSRP. I suggested he try Cartelligent. They found him a car within 3 days at <$2K over MSRP. It was delivered from a dealer 130 miles away.
- rblatz 4y agoJust a heads up, cash isn’t king anymore when buying a car. The dealers make considerable money from the finance portion of the transaction.
- 7speter 4y agoI’ve been wondering if you could tell the dealer that you’d like to finance and then just pay the loan off in the short term, whether it be immediately or in a matter of months, or if there are normally provisions in car loans that prevent that?
- I_dev_outdoors 4y agoRead the contract, mine didn't have it though (2020).
- jcampbell1 4y agoPrepayment penalties are rare outside of subprime/pay-and-go loans. When I worked at Ford Credit the max dealer markup on financing was 2%, and the dealer got their commission on the rate markup up front. Taking a crappy interest rate and prepaying is a sound negotiation tactic because it is the financing company that takes the hit.
- woobar 4y agoUsually not. I've once financed a car just to get an additional rebate (few extra grands to finance through manufacturer) and paid it off next month.
- gnicholas 4y agoI’ve done this. They asked me to leave the loan outstanding for two months and I ran the numbers on the interest that would accrue. They agreed to deduct that amount (several hundred dollars) from the purchase price. Of course, this was pre-supply chain crunch, so now you’d probably be best off not saying you’d prepay and just doing it ASAP
- kodah 4y agoThanks for the heads up and the subsequent discussion.
- cassepipe 4y agoGood, it's been a while I wanted to get my hand on someone who actually want to buy such big cars. What is it with the trend for huge cars? Why do people have to negate EVs energy efficiency story pushing around much more weight than (what to used to be) a normal sized car. Haven't you heard of climate change? At least buy an Aptera for chrissake. Well anyways, we're doomed of we keep on the car lifestyle.
- dchest 4y agoRAV 4 is not a big car.
- epgui 4y agoIt's bigger than most cars you'd find in most of the world. Where's your threshold for "big"?
- dcormier 4y agoMost cars in the US are bigger than most cars you'd find in most of the world.
- epgui 4y agoExactly, and this is related to the question "What is it with the trend for huge cars?", as this trend has largely been an American one.
- dchest 4y agoIt's only 5 cm wider and longer than a Honda Civic. It's higher, of course, since it's a "compact crossover", but not as high as Suzuki Jimny, for example.
- epgui 4y agoI mean, in this context I don't think when the word "big" was used it was referring to the surface area from a bird's eye view. There's many different ways you could think of something as being "big", but in this context I believe either volume, mass or even drag coefficient is what is most relevant to the thread.