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Old 10-10-2012, 05:12 PM   #15
Scooby Newbie
Member#: 161298
Join Date: Oct 2007
Chapter/Region: TXIC
Location: Houston, TX
2006 Baja Turbo


Originally Posted by Big_Hitter View Post
the op didn't say that the only had 6K to put down, but that he would be putting down 6K

maybe he's investing the rest of his cash in private equities or something that earns greater than 1.9%
Possible, but doubtful. He's 23 and he's asking about qualifying for 72 month financing. Not a good combo. BTDT. Maybe he'll chime in when he reads this thread.

Originally Posted by Big_Hitter View Post
financing defintely makes sense for some people, maybe not just for you or me
True, but it only makes sense if the money you make off of investing the cash is more than the interest you're paying. I understand that some folks just flat don't have any cash and they need a car for work and/or school. That's a sucky situation, but that's what $1500 beaters are for -- no financing necessary (let's hope).

Originally Posted by meanjoaquin View Post
When you say "at invoice", does that mean you are paying MSRP, or dealer cost?
Neither; invoice is somewhere between the two. It's the price that the dealer theoretically is paying Subaru for the car, but most of the time the actual cost is less than invoice.


“For most vehicle makes, the published invoice price is not the true dealer cost because of dealer holdback. Holdback is a portion of a car's sales price (typically 2 percent to 3 percent of either the invoice price or MSRP) that an automaker returns to a dealer, usually on a quarterly basis. It's a way of boosting the dealer's cash flow and helps the dealer keep his lights on.”
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