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It's all about the benjamins
Posted by phred (more from phred) on Mon, 2 Dec 2002 14:54:47
In Reply to: You're on the right track..., Kevin, Mon, 2 Dec 2002 13:58:24
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dealers do make money on financing. I used to offer to let the salesman "arrange" my financing at whatever rate he wanted so it would sweeten his commission, then a day or so later I would pay off that loan with a check from the credit union on a loan at a much better rate.
Just make sure there's no pre-payment penalty on the loan you get originally. You can also use this process if you're buying on a weekend or on a whim and you just want to get the car and not worry about the loan, since you know you will be paying it off soon anyway.
posted by 216.205.22...
Posts in this Thread:
- online loan financing, DSH, Mon, 2 Dec 2002 12:25:16
- Re: online loan financing, Bill Weismann, Tue, 3 Dec 2002 01:05:10
- What am I missing?, Rafe, Mon, 2 Dec 2002 23:57:18
- E-loans are a pain........, Mike Lynch
, Mon, 2 Dec 2002 21:54:44 - I've used peoplefirst.com at 2 dealers (+), Scott McMillan, Mon, 2 Dec 2002 14:25:39
- You're on the right track..., Kevin, Mon, 2 Dec 2002 13:58:24
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