Do you know for him to get the deal, did he have to finance the entire amount of the gladiator? Or was he able to do a down payment?
You can put down a hefty payment. Financing is traditional simple interest too so you could do the same thing again in the following few months and not pay much interest.
I did not see the totals for the LIFT and INSTALL
Good to know.Or you could pay 99% of it on the first payment, correct? I also heard that there is no requirement to hold it for 6 with whatever bank they use, but it hurts the dealer's part of the deal.
Well, in a perfect world for the dealer, the payments would happen for at least 6 months. So let’s say financed 50000. First payment you did was 49000, so you have 1000 left. However, when you get the monthly bill for your car payment, it’s going to be for the amount that you originally agreed upon (let’s pretend it was 500). So you are still going to get a bill for 500 and the next month will still be 500 too. Which will in effect, pay off your loan before the 6 month period.
Small world indeed!
Wait a min - I thought only the hard core sports cars like the Porsches had the gas guzzler new car tax - what is this new car tax of 9.5%? Is that for all cars in addition to the sales tax you pay for registration?
