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    Thread: Corona-virus - great time for car shopping

    1. Member
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      03-25-2020 04:45 PM #176
      Quote Originally Posted by Crispyfritter View Post
      Yeah, don't screw your local dealer. Just wait until that 4th payment comes due to refinance.

      Chris
      Isn't that just passing the loss on to the bank though? Not that I feel sorry for large banks, but it seems like a zero sum game.

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    3. Member Pnuu's Avatar
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      03-25-2020 04:58 PM #177
      Quote Originally Posted by ghost03 View Post
      Isn't that just passing the loss on to the bank though? Not that I feel sorry for large banks, but it seems like a zero sum game.
      The dealership receives a cash incentive (AKA a "Spiff") for financing through some banks. They're counting on that profit in the overall deal that they make with you. If enough people were to do this, the banks would no longer offer these incentives and dealerships wouldn't be able to offer better financing and/or make better deals when you finance through them.

      I'm not sure if there dealership loses the incentive when a customer refinances, or if they're just less likely to get those incentives in the future. That's a question for the dealership guys on here.

    4. Member
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      03-25-2020 05:07 PM #178
      Quote Originally Posted by Pnuu View Post
      The dealership receives a cash incentive (AKA a "Spiff") for financing through some banks. They're counting on that profit in the overall deal that they make with you. If enough people were to do this, the banks would no longer offer these incentives and dealerships wouldn't be able to offer better financing and/or make better deals when you finance through them.

      I'm not sure if there dealership loses the incentive when a customer refinances, or if they're just less likely to get those incentives in the future. That's a question for the dealership guys on here.
      Oh sure, I understand that part, but the bank is counting on the profit of selling the loan too. The people that get it intending to pay it off early are likely built into the cost as you say, but I think it's still a cost.

    5. Member Elite_Deforce's Avatar
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      03-25-2020 11:22 PM #179
      Quote Originally Posted by puma1552 View Post
      I had a 2014 GT and my experience was that it wasn't junk at all.

      It was the most drum tight car I have ever owned, and I've owned them all. Not one squeak, rattle, repair, quirk, nothing. Fit and finish was just fine, and it was very comfortable and Ford went to great lengths to keep that car fresh throughout its 10 year run - every single piece of sheet metal sans roof skin changed in 2010, new drivetrain in 2011, new interior, updated driver information stuff, etc. - a 2005 and a 2014 aren't even comparable. I specifically ordered a 2014 after the 2015 was unveiled, because I just didn't (and still don't) like the look of the post-2014 cars.

      I absolutely loved that car.

      People can trash it all they want, especially when talking about P-cars costing twice the price, but it's a different car for a different market. Not a lesser market, just a different market. *shrug*
      This. I am going on year 9 of my Mustang GT and it is crap in some areas, yes, but it is a good car. Besides the garbage OEM suspension bushings, there are no real rattles or creaks (even having been winter driven). The engine always fires up with zero hassle and provides smiles per gallon. It hauls. It's comfortable on highways. Oh, and it was inexpensive.

      It is crap in some areas, though.
      Quote Originally Posted by Sonderwunsch View Post
      People have been complaining about modern BMWs lacking steering feel so they are adding torque steer.
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      I don't trust the judgment of anyone who likes black wheels.
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      I find it ironic that long time Euro brand fans would assume long term reliability issues would destroy any love of a unique product.

    6. Junior Member burgerbob's Avatar
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      03-26-2020 07:31 AM #180
      Quote Originally Posted by Elite_Deforce View Post
      This. I am going on year 9 of my Mustang GT and it is crap in some areas, yes, but it is a good car. Besides the garbage OEM suspension bushings, there are no real rattles or creaks (even having been winter driven). The engine always fires up with zero hassle and provides smiles per gallon. It hauls. It's comfortable on highways. Oh, and it was inexpensive.

      It is crap in some areas, though.
      I agree and disagree. Having Mustang’s that range from 8-47 years old and a a ton that have since been sold here’s what I can say about Mustang’s...

      Old mustangs (65-73, pre-oil crisis) are just classic cars, they’re noisy and dumb and handle like a noodle. But my ‘73 is the most fun to drive because classic car. Everyone loves it.

      I’ve had some Mustang II’s and fox Mustangs and honestly, I wish I didn’t. The crap era.

      The SN95 years were great. They were cool ugly, cheap as hell and could still get a 5.0. They needed a ton of suspension work to be useful though, there’s the crap area. Oh.. and the interior was awful, even in porno red. But I still love mine because it’s noisey and decently quick and the top goes down. A nice cruiser.

      I never had a new edge style though there were plenty I longed for. The Mach 1, Bullitt, Terminator.. so many cool special editions. But I know close to nothing about quality or owning experience.

      My 05 S197... when it wasn’t a drag car, it was a chore. Very noisy suspension, not that great to drive and an interior that felt like you could hose it off. Just not great. You could tell all the money went into exterior design. Oh well, still a mustang so it still gave ya that feeling.

      Then S197 II came around and holy smokes. They made a really great car with almost no crap. I can only speak to the Boss 302 from this generation but the only bit of crap I’ve found is the horrible shifter bushing. Good job Ford.

      Back on topic.... if anyone has some info on S550 ownership, let me know. I would not be opposed to getting into a GT once everything opens back up.
      "keep it between the mayonnaise and mustard"

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    7. Senior Member Sporin's Avatar
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      03-26-2020 09:52 AM #181
      Every Automaker That Offers Incentives, Loan Support in Pandemic
      Manufacturers are looking to boost sales, but they're also looking to help customers stay in their cars. Here’s a continuously updated list of the offers.

      By Colin Beresford
      Mar 25, 2020

      https://www.caranddriver.com/news/a3...ort-borrowers/

    8. 03-26-2020 10:45 AM #182
      What does GM define as "top tier credit?" They always advertise stuff, "for well qualified buyers," etc, but never lay out guidelines.

    9. Member finklejag's Avatar
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      03-26-2020 11:59 AM #183
      Quote Originally Posted by shimps1 View Post
      What does GM define as "top tier credit?" They always advertise stuff, "for well qualified buyers," etc, but never lay out guidelines.
      Usually 720+ FICO

    10. Geriatric Member absoluteczech's Avatar
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      03-26-2020 12:08 PM #184
      Quote Originally Posted by shimps1 View Post
      What does GM define as "top tier credit?" They always advertise stuff, "for well qualified buyers," etc, but never lay out guidelines.
      common knowledge is that its a fico in the 700+ range

    11. Member GLI Dan's Avatar
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      03-26-2020 12:19 PM #185
      Quote Originally Posted by absoluteczech View Post
      common knowledge is that its a fico in the 700+ range
      I've noticed recently however that 760+ is required to get the best advertised rates. This may also be because I've been looking at used vehicles which generally have less attractive rate offerings.
      Quote Originally Posted by DzlDub View Post
      Cars are ****ing awesome, anyone who doesn't want a car is a communist.
      Disclaimer: Generally, I strongly dislike people.
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    12. Member Crispyfritter's Avatar
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      03-26-2020 01:19 PM #186
      Quote Originally Posted by finklejag View Post
      Usually 720+ FICO
      For Chrysler the magic number is 680.

      Chris
      | 20 Ram | 11 JLU Sport | 01 BMW 740 iL | 74 SuperBeetle | 62 Ford Unibody | The poster formerly known as 200HP4dr

    13. Just Going with the FLO. Strange Mud's Avatar
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      03-26-2020 02:43 PM #187
      is VG credit for Nissan anything over 510?
      Quote Originally Posted by VigorousZX
      On a side note long term EMF exposure in electric cars causes AIDS.

    14. Geriatric Member absoluteczech's Avatar
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      03-26-2020 02:46 PM #188
      Quote Originally Posted by Strange Mud View Post
      is VG credit for Nissan anything over 510?
      pulse required

    15. Member
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      03-26-2020 02:49 PM #189
      Quote Originally Posted by absoluteczech View Post
      pulse required
      Not necessary. Just give them a social security number that exists.

    16. 03-26-2020 07:24 PM #190
      Quote Originally Posted by Aseras View Post
      my choice was $5500 in rebates at 3.7% and then come right home and refi with my CU at 2.75% ( and screw the dealer BS of wait 3-6 months so they dont get a chargeback )

      Interest at 3.7% and 2.75% over 84, 72 or 60 months is still more than the $5500 in rebates.

      If we were talking a cheaper vehicle rebates and a refinance are sound advice.
      Rates are crazy right now..
      I can’t believe I got 3.25% for 72 months; on a 9 year old vehicle.

      Yes I know a 6 year loan is not usually the best option on an older vehicle, but if the rate is the same.. WHY NOT?! It’s a Lexus/Toyota land cruiser product anyways, it’s going to outlast this earth.

    17. 03-26-2020 11:12 PM #191
      Quote Originally Posted by NotFast View Post
      I've done this twice (refi'd with my CU... in December I dropped 4% by doing this). I recently read that dealers whose customers quickly refi can get penalized by the banks they work with. The lenders give a $ spiff to the dealership when the loan is originated and if you refi immediately -- the bank isn't happy.
      They get charged back the commission for the loan. $150 - $300 usually if you pay the loan off before 3 months. YOU can pay the loan off the same week you drive off the lot, go to your bank and refi once the loan is funded and you get an account number. Dealers telling you you have to wait 3-6 months are saying that to keep as much profit as possible.

      My opinion is if the dealers beats my bank I have no reason to refi. If the captive rate to get a great rebate is stupid high and the dealer is stingy and my experience was not overwhelmingly positive ( which has yet to ever occur, there's always some ******* move to make more money somewhere ) I'll refi ASAP. Live by the rules, die by the rules.

    18. 03-26-2020 11:14 PM #192
      Quote Originally Posted by shimps1 View Post
      What does GM define as "top tier credit?" They always advertise stuff, "for well qualified buyers," etc, but never lay out guidelines.
      Apparently with FCA its 640+ for the 0% 84 months, 115% LTV.

    19. Member joedubbs's Avatar
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      03-26-2020 11:36 PM #193
      I called a dealer today as I found a car for my wife but they stated only the parts and service departments were open for the time being. Has anyone else heard of this? The place in mention is Kingston, NY Heart Volkswagen; I'm ready to buy with cash but no go? It's a 2.5 hour drive so I want to be sure first.

      I'll wear a mask or whatever, I just want to give you money for a car, thanks.

    20. 03-26-2020 11:44 PM #194
      Quote Originally Posted by joedubbs View Post
      I called a dealer today as I found a car for my wife but they stated only the parts and service departments were open for the time being. Has anyone else heard of this? The place in mention is Kingston, NY Heart Volkswagen; I'm ready to buy with cash but no go? It's a 2.5 hour drive so I want to be sure first.

      I'll wear a mask or whatever, I just want to give you money for a car, thanks.
      NY State is under shelter in place lockdown. Only essential services are supposed to be open and used.

    21. Member
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      03-26-2020 11:45 PM #195
      I got 2% below invoice (8% off MSRP) minus any rebates at time of delivery today. Not bad on a car that was both a special order and a 2021 model year car.

    22. Member 88c900t's Avatar
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      03-27-2020 08:27 AM #196
      Tonight will be my first overtime in over a year. Will have 2-3 months of 6 day and 7 day weeks.


      How will Jeep Wronglers lease during the Wuhan flu?
      I gave up dailing old and rare cars and became a normie.
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    23. Senior Member 2.0T_Convert's Avatar
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      03-27-2020 01:01 PM #197
      Quote Originally Posted by Aseras View Post
      NY State is under shelter in place lockdown. Only essential services are supposed to be open and used.
      Auto sales department = shutdown
      LUXURY HOUSING construction workers = *cracks whip* faster! Harder! We've got a new LUXURY HOUSING tower to build next!

    24. Senior Member Sporin's Avatar
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      03-27-2020 02:05 PM #198
      Not sure you can combine the 0%/84 with the big discount...

      MSRP $57,395
      Customer Cash 1
      - $6,500 Take Retail Delivery By 3/31/20
      Springfield Discount 2
      - $12,000
      2019 Rocky Ridge Custom Tonneau 3
      + $2,515
      2019 Rocky Ridge Alpine/K2 4
      + $14,595
      Sale Price $56,005
      Total Savings $18,500


      Other Offers You May Qualify For

      Current Non GM Lessee Cash Allowance5
      - $1,500 Take Retail Delivery By 3/31/20 - Not Compatible with Some Other Offers

      Available Specials

      0% APR FOR VERY WELL-QUALIFIED BUYERS WHEN FINANCED W/ GM FINANCIAL+NO MONTHLY PAYMENTS FOR 120 DAYS 6
      Take Retail Delivery By 3/31/20

      New 2019 GMC Sierra 1500 Crew Cab 4WD AT4 Rocky Ridge Alpine/K2


    25. Member Elite_Deforce's Avatar
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      03-27-2020 02:06 PM #199
      Quote Originally Posted by burgerbob View Post
      I agree and disagree. Having Mustang’s that range from 8-47 years old and a a ton that have since been sold here’s what I can say about Mustang’s...

      Old mustangs (65-73, pre-oil crisis) are just classic cars, they’re noisy and dumb and handle like a noodle. But my ‘73 is the most fun to drive because classic car. Everyone loves it.

      I’ve had some Mustang II’s and fox Mustangs and honestly, I wish I didn’t. The crap era.

      The SN95 years were great. They were cool ugly, cheap as hell and could still get a 5.0. They needed a ton of suspension work to be useful though, there’s the crap area. Oh.. and the interior was awful, even in porno red. But I still love mine because it’s noisey and decently quick and the top goes down. A nice cruiser.

      I never had a new edge style though there were plenty I longed for. The Mach 1, Bullitt, Terminator.. so many cool special editions. But I know close to nothing about quality or owning experience.

      My 05 S197... when it wasn’t a drag car, it was a chore. Very noisy suspension, not that great to drive and an interior that felt like you could hose it off. Just not great. You could tell all the money went into exterior design. Oh well, still a mustang so it still gave ya that feeling.

      Then S197 II came around and holy smokes. They made a really great car with almost no crap. I can only speak to the Boss 302 from this generation but the only bit of crap I’ve found is the horrible shifter bushing. Good job Ford.

      Back on topic.... if anyone has some info on S550 ownership, let me know. I would not be opposed to getting into a GT once everything opens back up.
      Yeah, I don't think anyone is arguing that SN95 and older are high quality vehicles. But like you said, S197.2 was a vast improvement. S550 is even better.
      Quote Originally Posted by Sonderwunsch View Post
      People have been complaining about modern BMWs lacking steering feel so they are adding torque steer.
      Quote Originally Posted by Ernie McCracken View Post
      I don't trust the judgment of anyone who likes black wheels.
      Quote Originally Posted by BRealistic View Post
      I find it ironic that long time Euro brand fans would assume long term reliability issues would destroy any love of a unique product.

    26. Member
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      03-27-2020 02:22 PM #200
      who the hell would ever buy a car and go 'no payments for 6 months so i can delay the inevitable, drag out the term, and ensure im severely upside down forever, sounds great!'

      if you need to be deferring payments 6 months, just dont buy a car. Save that money for 6 months and just buy one 6 months later, probably a year newer by that point anyway.

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