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Originally Posted by lovinthex5
We started neogotiations. He first said if I can get you in this ride for $600 a month would you do it? I said hell yea and signed. They couldn't come close. They got it down to ~$775 which I was not comfortable with.
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Yep, Jeep SRT can outrun real sports cars.
A little O.T. but, this is something I don't understand.
Not referring to you
lovinthex5, but just in general.
Why people start negotiating about the monthly payment first, do they realize how much they actually pay for the car.
Sure, if I need a loan when bying a car, I also first think how much I can pay in a month, but that being said, I also think how long I want to pay and what's the loan amount I need/want.
Ok, I have figured that out, now I go to dealer who has the car I want and start negotiating on car, and all I'm interested is how much difference I need to pay to trade car, not the monthly payment. And if we have agreed the price, then I may ask what's the financing from the dealer and compare that to rate my bank gives me and take the cheapest offer.
I'm just saying that if you are interested on monthly payment only, you don't know how much interest and other fees you are paying, it can be anywhere between 0.5 and 12% or higher.
Have you watched King of Cars on TV, on A&E. There you can see that all customers in the show care about is the monthly payment only, nothing else.