I brought it in for regular maintenance. The dealer, unsolicited, said they are looking to buy it back. He said they will put me in a new version (with the associated 2 years of free maintenance) with same 0% financing and guarantee the monthly will be equal to or less than current payments.

What is the catch?

It looks like they get the opportunity to extend me out two years but that does not matter to me at 0%.

I think the critical question is whether they will offer me an equal or greater amount for the existing car as I currently owe. If so, it seems like it is a wash for me financially, with me getting a new car.

But I am dumb and you guys are smart, so explain to me my stupidity.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

too many unknown variables to solve this equation.

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Reality is your friend, not your enemy. -- Seacrest

What are they hiding in the glove box that they will try to pin on you?

My opinion on pretty much all of these deals are "The dealer and the car maker aren't losing money on this so it's probably me".

At best, they want to cut out some inventory of new cars before the big year end incentives start.

The thing to do is to go to truecar.com and see what the cost of that new car would be right now, and what your current car is worth. That would tell you if you are getting a good deal or not.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I was just talking to someone about this type of situation. All I can say is that they have done this a few times and have no complaints.

They have an incentive to sell new cars

I guess the question for me is whether it would end up being a 1 for 1 type of deal.

It's probably not a good deal. I'll let the guy put something on paper and work a little.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

They're going to make money off of selling you the new car and then they're going to make even more money off of selling your old car. The profit they make off used cars is substantially greater than what they make off of new cars. The next person to buy your old car won't get 0% financing and they'll make money off that too.

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Nas: Blago, who has single handedly destroyed CFMB?

Blago: https://youtube.com/shorts/Lftdxd-YXt8?feature=share

"You can’t love your country only when you win." -President Biden

https://youtu.be/R6e4ruziZBI?si=1G4W1vbh0eGQuHfU

Dealers love to have folks focus on the payment. What you are neglecting to consider is the principal owed. For instance, say you owe $20,000 on your current car at $450/month with 36 months left. Your new car may still have the $450/month payment, but you will owe more than $20,000 and have payments for a longer time period. If you're ok with paying for five, six, or seven years at $450/month, then go for it. Having a new car is a great experience.


Mortgage bankers do the same thing with home loan refinances. They get you to focus on lowering your payment, but then you are re-amortizing your loan out for 30 years. If you keep doing that, then you'll never pay it off.

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Hawaii (fuck) You

That's what I would like to see. The payments aren't my focus. I want to see if they will be able to equal the money owed. If so, I'll take the new car as it is a sweet deal to pay the same amount of money over a longer period of time and get a new car. I doubt that occurs.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Because the consumer is focused on the payment. Give them what they want. I used to show people how they could pay their homes off earlier by paying the same thing they were currently paying. I would even break down how much interest they would save. After 10 years and hundreds of clients I could probably count on both hands the people who followed that advice.

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Nas: Blago, who has single handedly destroyed CFMB?

Blago: https://youtube.com/shorts/Lftdxd-YXt8?feature=share

"You can’t love your country only when you win." -President Biden

https://youtu.be/R6e4ruziZBI?si=1G4W1vbh0eGQuHfU

Off topic, but I just found out ( ) that our illustrious elected officials finally got one thing right...effective January 1, you no longer have to pay sales tax on the entire purchase price of a leased vehicle, or pay the tax again if you end up buying the car after the lease.

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Where the dealer benefits:
- They know the maintenance record of your car and know that they can 'certify' it and sell it for a premium.
- The loan will still be under their 'control' - you just have more to pay on it.
- They clear out inventory and take advantage of dealer incentives to get the best price possible for you.

Where you benefit:
- New Car again
....

You still are going to take the big depreciation hit when you leave the facility on the new car, your principal will still be high on the new car.

Enjoy your new Prius councilor.

I would hope the loan is for the same amount as currently owed. I don't think I will buy in if it is not.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

I would guess not if the rate is the same but the new term is 60 months again but I am not a statistics major.

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Make sure you get the insider's deal.

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This is a great sales tactic. Every person who brings in a car for service is a sales lead.
Put a proposal togther and present it to them, rather than waiting for the dealer to give you his "best deal".

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan

Bernstein did this with his Acura.

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"All crowds boycotting football games shouldn't care who sings or takes a knee because they aren't watching." - Nas

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Don't do it. It is standard procedure for almost all dealers to do this. It is a win for the dealer, and a financial loss for you. Some way.

I'm surprised this is at 0.0% financing, but it still makes sense due to manufacturer rebates and kickbacks. Meanwhile, used cars are at an all time high value so the dealer will be able to make a quick couple grand on your old vehicle, while making whatever money back with the old vehicle.

At a minimum, you've now paid the depreciation on two cars rather than one.

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Rick Hahn is the best GM in baseball.

So then, when is the right time to make a move on a car?

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2018
#ExtendLafleur

Never. There is always someone trying to fuck you in some way in the car business.

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My thought as well, no matter when you are purchasing or selling. I have come to the conclusion that if you feel like it is a good deal, do it.

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2018
#ExtendLafleur

Buy last year's new model in August. Buy toward end of each month. November, December, and April are good months to buy new.

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Rick Hahn is the best GM in baseball.

Ok, I missed it by a month but I got another of your thoughts right, do I win?

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2018
#ExtendLafleur

Dealers been trying to buy my Taco for 2 years now. I'm getting 14k offers, probably 5k less than value given mileage and usage. It's a 2012 with about 20k miles, probably worth 18 open market.
But I love the truck and not even remotely interested in selling,

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

If you're happy with it, yes. You seemed to make out all right.

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Rick Hahn is the best GM in baseball.

That kind of goes back to my answer.

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2018
#ExtendLafleur

I agree, and would even suggest that some of these endless recalls (at least the ones not involving your ignition switching off while you are at highway speeds) are actually designed to get you in to either buy another vehicle, or perform a "free" inspection during which they will find any number of additional things you need to get serviced.

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What kind of idiot gets their car serviced at a dealership?

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When you service your car
At a new car store
You get a great deal
And a great deal more!

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