Hi everyone,
I went last night to put a deposit down on a MSP and I ended up walking away without leaving a deposit.
They are selling the MSP at MSRP but my deposit would have been non-refundable ($500) and there are NO incentives to buy whatsoever. He explained that if my credit was great - above 720 - then the best financing rate they could hope for was 5.9%. To me that was just a little too high considering that everyone is offering 0% APR for 60 months. I understand that the car is a limited production and you have to make sacrifices to get a limited car but I still think I could have been offered a better rate.
I mean I was going to put down $10,000 - I own two other cars and I own a home.
Basically I just wanted to ask you guys if you were offered a better rate. If not, then I'll probably head back there and hand over my deposit next week.
Thanks for taking the time to answer!
Mark
I went last night to put a deposit down on a MSP and I ended up walking away without leaving a deposit.
They are selling the MSP at MSRP but my deposit would have been non-refundable ($500) and there are NO incentives to buy whatsoever. He explained that if my credit was great - above 720 - then the best financing rate they could hope for was 5.9%. To me that was just a little too high considering that everyone is offering 0% APR for 60 months. I understand that the car is a limited production and you have to make sacrifices to get a limited car but I still think I could have been offered a better rate.
I mean I was going to put down $10,000 - I own two other cars and I own a home.
Basically I just wanted to ask you guys if you were offered a better rate. If not, then I'll probably head back there and hand over my deposit next week.
Thanks for taking the time to answer!
Mark