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766 messages, Last post on May 12, 2013 at 6:26 AM

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What is this discussion about? Car Buying

#620 of 766 such a deal by steve_ HOST

May 02, 2012 (8:43 pm)

Open a $1 million 5-year CD and receive a new Mercedes-Benz from Crown Eurocars (c1bank.com)

Hurry, limited time.

Replies to this message:

qbrozen (May 03, 2012 6:50 am)
- steve_ (May 03, 2012 6:59 am)

#621 of 766 Re: BMW test drive event [steve_] by kyfdx HOST

May 03, 2012 (4:24 am)

Replying to: steve_ (Apr 28, 2012 3:22 pm)

If you are interested in buying a BMW, you should definitely sign up. Participants are given a $1000 rebate certificate on a new BMW (expires within a few months).

Replies to this message:

ateixeira (May 03, 2012 1:09 pm)
- kyfdx (May 03, 2012 3:55 pm)
- roadburner (May 03, 2012 5:53 pm)
  - ateixeira (May 04, 2012 8:26 am) and 14 more...

#622 of 766 Re: such a deal [steve_] by qbrozen

May 03, 2012 (6:50 am)

Replying to: steve_ (May 02, 2012 8:43 pm)

hahaha.
Had me for a second. I couldn't figure out the angle, so I had to read the fine print.

The pre-calculated interest in advance amount $61,294.00 based on the 1.20% APY available through May 31, 2012 can only be used towards the purchase of one of four (4) specific Mercedes Benz vehicle models from Crown Eurocars Inc. with a MSRP of $59,585.00 and includes $3,488.34 sales tax, $687.70 delivery fee, $2.50 Florida Lemon Law fee, $6.50 Florida tire and battery fee, $500.00 registration/tag and $24.00 electronic filing fee with a total purchase price, net of $3,000.00 discount, of $61,294.04.

Replies to this message:

steve_ (May 03, 2012 6:59 am)

#623 of 766 Re: such a deal [qbrozen] by steve_ HOST

May 03, 2012 (6:59 am)

Replying to: qbrozen (May 03, 2012 6:50 am)

Someone over at FatWallet calculated the interest generated at another bank would pay for the Mercedes in ~5 years. Not a great rate of return on your million with this deal. Good hook to grab your eyeballs though.