F&I - Page 3

BrianR · 03-05-2004, 11:00 PM

possibly...depends on the situation.

It's just that this is a military CU and they're "nominally" on OUR side, not to rip us off, offer a little protection from the ripoffs out there etc.

After all, if they get a rep of being ripoffs, and the men and women of the armed forces pull out and go elsewhere, they're out of business.

Or so I like to believe.

lumberjim · 03-05-2004, 11:14 PM

well, what's the rate?

i have 3 banks that go 84 mos, and one that goes 96.

never did it though....72 is becoming more popular. cars cost more and last longer nowadays, but payments keep trying to stay the same. what else is left to give? term.

BrianR · 03-06-2004, 10:54 PM

up to 36 mos. 2.90% -
37 to 48 mos. 4.90% -
49 to 60 mos. 5.50% -
61 to 72 mos. 5.90% $25,000 minimun sticker price required for vehicle loan of 61 to 72 months
73 to 84 mos. 5.90% $30,000 minimum sticker price required for vehicle loan of 73 to 84 months
85 to 96 mos. 5.90% $30,000 minimum sticker price required for vehicle loan of 85 to 96 months

lumberjim · 03-06-2004, 11:23 PM

brian, these are fixed rate loans. how can you be offended by those rates? and for the term, i'd say that's one hell of a credit union. .

BrianR · 03-07-2004, 10:25 AM

I didn't say I was offended by the rates, only the terms.

And those are for new cars only.

I used their calculator on my last car to see what it would cost...
I'd wind up paying more than the purchase price with a longer term...I won't go over four years unless it's a Hummer...then I'll go to five.

Anything else and I can't afford that car...time to go to the "budget lot".

BTW, I'm kinda in the market for a pickup. Truck, Bruce.
I need a longbed, 4x4 pref, V8 also (I have hills and snow here)
and the extended cab would also be nice because I tend to schlep my dog along and I prefer that he not climb onto my lap when I'm driving, especially if it's a manual trans.

Let me know if you find something I can use (F150 or Ram are preferred, but not locked)

Brian

lumberjim · 05-05-2004, 02:38 PM

brian,

I just talked a girl out of financing for 96 months.
35,500 at 7.99% would have cost her $12.646.87 over the term just for the money.......meaning she''d repay 47646 ot borrow 35,500. at $501/mo

she's going to do 72 mos instead at $621........a mere $9291 finance charge.....

the fucked up thing is that she is trading a 2004 gr cherokee in on a 2004 gr cherokee.......the difference? she just got divorced, and doesnt want to drive the car she bought with her ex.......

didnt someone mention not making important decisions while emotional?

Troubleshooter · 05-05-2004, 02:43 PM

Quote:

Originally posted by lumberjim
brian,

I just talked a girl out of financing for 96 months.
35,500 at 7.99% would have cost her $12.646.87 over the term just for the money.......meaning she''d repay 47646 ot borrow 35,500. at $501/mo

she's going to do 72 mos instead at $621........a mere $9291 finance charge.....

the fucked up thing is that she is trading a 2004 gr cherokee in on a 2004 gr cherokee.......the difference? she just got divorced, and doesnt want to drive the car she bought with her ex.......

didnt someone mention not making important decisions while emotional?

You shouldn't have. People need to pay the price for their decisions or they won't learn.

Did she even appreciate the effort?

SteveDallas · 05-05-2004, 03:02 PM

Quote:

Originally posted by lumberjim

the fucked up thing is that she is trading a 2004 gr cherokee in on a 2004 gr cherokee.......the difference? she just got divorced, and doesnt want to drive the car she bought with her ex.......

That is fucked up. I can kind of understand where she's coming from, but then I'd think she's want to get a completely different MODEL of car, rather than just a different one of the same model.

I've got to ask, how much did she get for the tradein???

lumberjim · 05-05-2004, 03:41 PM

21000

elSicomoro · 05-05-2004, 04:00 PM

Am I figuring this correctly? She's going to pay $56,000 for a Grand Cherokee?

lumberjim · 05-05-2004, 04:38 PM

TOTAL PRICE 39922.00
TOTAL TRADE 32000.00
WARR PREMIUM 770.00
TOTAL PAYOFF 31757.87
------------------------
AFTMKT PREM 0.00
TOT NET TRADE 242.13
APR 7.99 %
TOTAL FEES 95.25
TOTAL CASH 0.00
AMT FINANCED 36296.64
TOTAL TAXES 251.52
TOTAL REBATES 4500.00
FINANCE CHARGE 9506.88
-----------------------
TOTAL OF PYMTS 45803.52
GROSS PRICE 41038.77
TOTAL DOWN 4742.13
DEF PYMT PRICE 50545.65

warch · 05-05-2004, 05:02 PM

I like you Jim, but I hate dealerships. I hate being screwed. I hate the game. I needed a shower after my latest experience. Ick.
Last thursday I paid $7000 cash for a 1997 Nissan Sentra with 52K miles. Ive never had a car loan. The carfax and 3 day lemon law checkup came out well so we'll keep her. This replaces a well loved 1989 Nissan Sentra with 156K miles.

Car prices boggle the mind.

lumberjim · 05-05-2004, 05:15 PM

well, warch, consider that I saved her 3000 in finance charge by talking sense to her. the bank would have hit her for 12k+ in finance......

TS is right to a degree...a fool and her money are lucky enough to get together in the first place. she made a bad decision based on emotional reasons. if we hadn't sold her a car, though, she would have gone down the street and gotten one from our competition. It is never a good idea to trade a new car in 6 months later. I did make sure she had gap insurance, and adequate warranty coverage while she is financing it.

sentra's are great, btw...as if you needed me to tell you. no reason you shouldnt get 200K out of it if you maintain it.

xoxoxoBruce · 05-05-2004, 06:08 PM

Quote:

TOTAL CASH 0.00

It's all a make believe world, so why worry. Just sign here and you can be cool too. After all, you are what you drive.

wolf · 05-06-2004, 01:08 AM

Quote:

Originally posted by sycamore
Am I figuring this correctly? She's going to pay $56,000 for a Grand Cherokee?

If she works it right, the ex will be making the payments.

03-05-2004, 11:00 PM	#31
BrianR Cleverly disguised as a responsible adult Join Date: Jan 2001 Location: Dallas, TX Posts: 3,338	possibly...depends on the situation. It's just that this is a military CU and they're "nominally" on OUR side, not to rip us off, offer a little protection from the ripoffs out there etc. After all, if they get a rep of being ripoffs, and the men and women of the armed forces pull out and go elsewhere, they're out of business. Or so I like to believe. __________________ Never be afraid to tell the world who you are. -- Anonymous

03-05-2004, 11:14 PM	#32
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	well, what's the rate? i have 3 banks that go 84 mos, and one that goes 96. never did it though....72 is becoming more popular. cars cost more and last longer nowadays, but payments keep trying to stay the same. what else is left to give? term. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

03-06-2004, 10:54 PM	#33
BrianR Cleverly disguised as a responsible adult Join Date: Jan 2001 Location: Dallas, TX Posts: 3,338	rates taken from the website up to 36 mos. 2.90% - 37 to 48 mos. 4.90% - 49 to 60 mos. 5.50% - 61 to 72 mos. 5.90% $25,000 minimun sticker price required for vehicle loan of 61 to 72 months 73 to 84 mos. 5.90% $30,000 minimum sticker price required for vehicle loan of 73 to 84 months 85 to 96 mos. 5.90% $30,000 minimum sticker price required for vehicle loan of 85 to 96 months __________________ Never be afraid to tell the world who you are. -- Anonymous

03-06-2004, 11:23 PM	#34
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	brian, these are fixed rate loans. how can you be offended by those rates? and for the term, i'd say that's one hell of a credit union. . __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

03-07-2004, 10:25 AM	#35
BrianR Cleverly disguised as a responsible adult Join Date: Jan 2001 Location: Dallas, TX Posts: 3,338	I didn't say I was offended by the rates, only the terms. And those are for new cars only. I used their calculator on my last car to see what it would cost... I'd wind up paying more than the purchase price with a longer term...I won't go over four years unless it's a Hummer...then I'll go to five. Anything else and I can't afford that car...time to go to the "budget lot". BTW, I'm kinda in the market for a pickup. Truck, Bruce. I need a longbed, 4x4 pref, V8 also (I have hills and snow here) and the extended cab would also be nice because I tend to schlep my dog along and I prefer that he not climb onto my lap when I'm driving, especially if it's a manual trans. Let me know if you find something I can use (F150 or Ram are preferred, but not locked) Brian __________________ Never be afraid to tell the world who you are. -- Anonymous

05-05-2004, 02:38 PM	#36
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	brian, I just talked a girl out of financing for 96 months. 35,500 at 7.99% would have cost her $12.646.87 over the term just for the money.......meaning she''d repay 47646 ot borrow 35,500. at $501/mo she's going to do 72 mos instead at $621........a mere $9291 finance charge..... the fucked up thing is that she is trading a 2004 gr cherokee in on a 2004 gr cherokee.......the difference? she just got divorced, and doesnt want to drive the car she bought with her ex....... didnt someone mention not making important decisions while emotional? __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

05-05-2004, 03:41 PM	#39
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	21000 __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

05-05-2004, 04:00 PM	#40
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	Am I figuring this correctly? She's going to pay $56,000 for a Grand Cherokee?

05-05-2004, 04:38 PM	#41
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	TOTAL PRICE 39922.00 TOTAL TRADE 32000.00 WARR PREMIUM 770.00 TOTAL PAYOFF 31757.87 ------------------------ AFTMKT PREM 0.00 TOT NET TRADE 242.13 APR 7.99 % TOTAL FEES 95.25 TOTAL CASH 0.00 AMT FINANCED 36296.64 TOTAL TAXES 251.52 TOTAL REBATES 4500.00 FINANCE CHARGE 9506.88 ----------------------- TOTAL OF PYMTS 45803.52 GROSS PRICE 41038.77 TOTAL DOWN 4742.13 DEF PYMT PRICE 50545.65 __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

05-05-2004, 05:02 PM	#42
warch lurkin old school Join Date: Oct 2001 Location: Minnesota Posts: 2,796	I like you Jim, but I hate dealerships. I hate being screwed. I hate the game. I needed a shower after my latest experience. Ick. Last thursday I paid $7000 cash for a 1997 Nissan Sentra with 52K miles. Ive never had a car loan. The carfax and 3 day lemon law checkup came out well so we'll keep her. This replaces a well loved 1989 Nissan Sentra with 156K miles. Car prices boggle the mind.

05-05-2004, 05:15 PM	#43
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	well, warch, consider that I saved her 3000 in finance charge by talking sense to her. the bank would have hit her for 12k+ in finance...... TS is right to a degree...a fool and her money are lucky enough to get together in the first place. she made a bad decision based on emotional reasons. if we hadn't sold her a car, though, she would have gone down the street and gotten one from our competition. It is never a good idea to trade a new car in 6 months later. I did make sure she had gap insurance, and adequate warranty coverage while she is financing it. sentra's are great, btw...as if you needed me to tell you. no reason you shouldnt get 200K out of it if you maintain it. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

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