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Prices Paid: Buying & Leasing Experiences Acura TL Prices Paid and Buying Experience
9311 messages, Last post on Jul 05, 2008 at 5:57 PM
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I got an offer today for a Base TL. Option 1 was to go for $32,200 with 2.9% APR for 60 mos. Plus doc fee of $275.50, tax of $2,517 (at 7.75%). Out the door it's $34,992. Option 2 was for $30,200 (by giving me $2,000 cash back), but then to finance it at about 5.5% APR for 60 mos. Plus doc fee of $275.50, tax of $2,362 (at 7.75%). Out the door it's $32, 837. I plan to put $7,000 down. My monthly payments would be $502 for Option 1 and $493 for Option 2. The dealer was pushing me to take the $2,000 cash back and said it was a better deal. However, when I got home and crunched the numbers, Option 1 would be better in the long run as I'll pay $32, 217 over the life of the loan versus $33,385 -- for a difference of $1,168. So why would the dealer tell me to take Option 2, if Option 1 is actually better for me? Any thoughts? Also, how do these deals sound? Could I push him for $2,500 cash back.
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Replying to: mchalmers (Apr 07, 2008 7:00 pm)
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Replying to: smack518 (Mar 26, 2008 6:43 am)
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Replying to: bkostka (Apr 07, 2008 8:35 pm) Anyway, I believe Option 2 is always better for you because (1) the interest rate difference (%5.5 vs. %2.9) isn't enough to overcome the $2000 cash difference, not to mention tax on this $2000 too and (2) you put down $7000 down payment; thus lessen the effect of 2.9% rate advantage. Good luck.
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Replying to: jborrelli (Apr 07, 2008 8:41 pm) MC |
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Replying to: jcanavanjr (Apr 07, 2008 10:38 pm) That said, I got internet pricing, and everyone (well almost everyone) would match the best offer I got. I actually walked away from a deal at one dealership because, while I liked the salesman, I found management very unprofessional. Email me at smack518 at yahoo dot com if you want to know where. I ended up making my deal at Montgomeryville Acura, and had a GREAT experience, very easy, no BS, was in and out in just a couple hours and no hard sell. Ask for Ed Galgon and tell him Siamac Afshar sent you. (I hope this is allowed) |
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Replying to: slowcar (Apr 08, 2008 6:30 am) The total cost of the car (including docs, taxes and interest) will be $37,105 for Option 1 and $36,611 for Option 2. Thus, Option 2 is better by $493 over the entire 60 month period. |
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| Quoted $29,000 plus special financing-.9%/48 mo or 2.9%/60 mo. Can I do any better? | |
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Replying to: tjta1 (Apr 08, 2008 12:58 pm)
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Replying to: rgray3 (Apr 08, 2008 3:57 pm) I'm near Charlotte. Also, what financing rate can they offer with a $29k price? Thanks in advance.
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