Off Topic: Dealerships need to end

There's a reason mainstream dealers don't like selling EV's. It's because they can't compete

If you can't compete, then you deserve to go out out business. (This is why I was so against the bank, GM, and Dodge bailouts. Let them rot on the vine, as they will be replaced by newer, hungrier, and better companies.) But that's simply not allowed to happen because of crooked state laws. Those laws need to change.
 
A few dealer car companies are trying to go the « no haggle » route by not allowing negotiations at all. Like Genesis for example. Funny thing is when I started shopping for a car last year, i was surprised to find myself disappointed that I could not negotiate the price. Not because I am a good negotiator or I enjoy the process (I hate it), but because while the MSRP looked competitive with the other cars in the category, it wasn’t competitive if you took into consideration the potential negotiated price of all the competitors.

For those that don’t like to negotiate, there are a lot of ressource. Tons of youtube videos, website information, websites where you can get the dealer purchase price, brokers, etc. It is a lot easier with a little research now than it used to be, and car salesman are really at a disadvantage. My local dealer was giving me a disgusting price for my trade in and their car was expensive. That is fine, I went somewhere else.

I do agree that the practice of adding mandatory unforeseen add-on packages to be dishonest though, you need to stand your ground or go somewhere else if it happens.
 
Wow. Where did that come from? I'm not in Quebec, for starters, and I hate poutine.
I grew up in NH and my best friend was French Canadian, I used to go to Montreal with him and his family and I absolutely love poutine. Was just a joke and play off dougal's comment 😇
 
I grew up in NH and my best friend was French Canadian, I used to go to Montreal with him and his family and I absolutely love poutine. Was just a joke and play off dougal's comment 😇
It's a small world...I'm French Canadian too but I also speak English. Just for the record, my great grandfather emigrated from Canada to Littleton NH in the late 1800's which was common back then. My grandfather was born there and then moved to Canada. I hate poutine :(. I like my fries with a dash of salt, not with curd cheese and gravy. That being said, poutine which was invented in the province of Québec Canada is now available in many other parts of the world. In France some restaurants were vandalized because some idiots thought they were supporting the Russian leader. In French Putin is spelled Poutine hence the confusion. In French Putin sounds like putain which means prostitute. I'll stop here before the mods warn me!

To stay on topic, perhaps manufacturers should go back to what GM did with Saturn back in the day with fixed prices.
 
I've never financed a car but I'm considering a new mazda3 and i'm being offered 0% interest i think for 36 months then 1.9 then 2.9 or something. What's the catch? is there a penalty if i pay it of as the 0% expires?
 
I have never seen a car loans with interest rate that changes over years. Not impossible but that would be unusual.

Typically you have the choice of different interest rate depending on the total duration of the loan. So using your example:

0% for a 3 year loan
1.9% for a 4 year loan
2.9% for a 5 year loan.

What this means is that if you choose a 4 year loan, the payments will be for a duration of 4 years at 1.9% interest for the total duration of 4 years. The interest rate is locked from the start. If you pay it faster you don’t get 0%.

If you choose the 0% for 3 year loan, the monthly payments are higher because the car price is paid over 3 years, but your interest rate will be 0%. But you cannot take 4 years to pay the car, it will be paid off after 3 years.

There is no real catch here, but typically people don’t have the budget to finance over 3 years because the monthly payments are high, so they finance over 4-5 years, they pay a little interest but the monthly payments are manageable. I don’t recommend financing longer than 5 years personally. 5 years is about the sweet spot where you are less likely to have high cost repair, and it is better to be free of car payments when those out of warranty repair starts to show up.
 

New Threads and Articles

Back