What dealerships would be the cheapest for a brand new 14 or 15 Offroad DC

Nice to see financial planning as the reasons, instead of "I couldn't afford the payments at 60 months" as the reasons!

Diggin it

 

Opportunity cost for me. My current truck is paid off, but I plan on getting a 6 year loan on a new one. Not because I can't afford it @ a 4 or 5 year term, but because I can lock in a stupid low interest rate for 6 years, which allows me to invest that extra cash flow and create a positive spread (ie return) on the cash. In my case, the extra interest I would pay on a 6 year loan over a 5 in my projections is about $400. But, the payment is $100/mo higher for the 5 year loan. I can take that $100/mo and earn a heck of a lot more than $400 on it over the course of 5-6 years. Hence, my reason for locking in cheap, longer financing.

 

I went through a credit union that had a car buying agency they worked with (a lot of credit unions have them). I got a 2014 DCSB TRD O/R for $300 under invoice. Paid $31,100 for it. The dealer was asking $34,500 on the sticker and would not come down below $32,700 when I was shopping before going through the credit union. The buying agencies have deals with the dealerships and can get some pretty low prices and do all the work for you. I just showed up to the credit union and picked up the truck, never even saw or talked to the dealer, which was great.

 

1.85% on 36,48 and 60 month loans through my local credit union.

 

Sushimoto dealer in Japan.

 

+1 If you have a local credit union see if they have a car buying service. I bought used but they quoted me a great price on a new vehicle.

 

+1. See above - I could not agree more. I wish more people understood finance enough to see that locking in low rates today is a smart, smart financial decision.