Quote:
Originally Posted by Deegee
Just want to add to this in that I know purchasing new from some companies at 0% there is a pretty monumental financing charge associated with their financing. Do dealerships do that with used vehicles too when they offer those prime rates of 1%?
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All of the dealers I was shopping at (looked at cars between '03 and '05) had no finance fee whatsoever. This was last year before the world fell apart and I was still able to get 1.9% on a used car that had previously been exempt from every financing special ever offered and was minimum 8%. This was in response to people heading to the US at the time to buy cars, prices got slashed, and financing incentives were great. Now that the world fell apart it's even better and you are buying a car at the best time in at least 10 years. I don't remember in my life brand new BMW's going for 1%.
I usually buy a car about every 2 years. I've done new, used, purchased, leased, private, dealership so feel free to ask any questions you have and I can fill you in on my experiences.