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One should always come to the dealer with their own financing already approved- because it’s a starting point for negotiation. It’s very common for dealers to f
by eulers_secret 4y ago
One should always come to the dealer with their own financing already approved- because it’s a starting point for negotiation. It’s very common for dealers to find a better APR than you can get independently. It’s also common to bundle discounts/perks with dealer financing. Customer has to do the math to figure out if the deal is good for them.
Dealer GPS tracking and interlocking is usually reserved for “credit criminals” and folks with previous repos.
- TheNewsIsHere 4y agoThat’s frequently true. This was an unusual situation. In our case, they wouldn’t have been able to better our financing. Our credit union was giving us 1.75%. The best the dealership could do started at about twice that. We had also contracted ahead of time to buy that particular car at almost exactly MSRP, and between the overly eager sales rep who wrote it up with no dealer add-ons, and Toyota’s allocation system deadlines, they were incentivized to walk us out of there as fast as possible. We were there less than an hour. Edit: proofreading