So, one can take he $500 discount by accepting the financing, then pay the entire loan off with no prepayment penalty? Assume a $16,000 loan with current offer of %.9 . To pay entire loan off would be $16,144
$500-$144=$356. So do we actually only realize a benefit of $356? Are there any application fees for applying for the credit that would also detract from that $500?
It is either $500 OR 0.9% financing, you can't have both. And I tried! Not a single dealer budged on this.
I took the $500 plus I got another $500 for being a current Chase customer (my mortgage is through them). Had no issues combining for a total of $1000.