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Old 10-27-2011, 11:26 PM   #85
Scooby Specialist
Member#: 108369
Join Date: Feb 2006
Chapter/Region: MAIC
Location: Silver Spring, MD
2005 CGM WRX Wagon


Originally Posted by Crashsector View Post
There are a few things to understand about price. On new cars, just do your research. Edmund's TMV is a great way to find out what people are really paying for the car. Know invoice price, know what incentives are available, and make an up-front, respectable offer.
So what is a respectable offer? If I go to Edmund's TMV and it says XYZ car has a TMV of $32,500 plus the $500 destination($30,000 invoice) with no incentives? Invoice + $500 + destination, is that a reasonable offer?

Originally Posted by Steve.804 View Post
Why pay cash for a car? If you can finance for say .9%-1.9% (as most car dealerships are having special rates at this time, some are even 0%) would it not make more sense to put your money in an investment fund that is more profitable and use the banks money to fund the vehicle? If you finance a $30k car for 1.9% you're paying a whopping $570 in interest spread evenly over the course of the loan. Most people go for a 60mo term which would be less than $10 a month. I'd rather keep my money where it's at and just pay it
Well why buy cars at all then if a new car drops 20% in value when you drive off the lot? Cars are not investments, so why the apples and oranges comparison?
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