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Study on Auto Finance, Purchase Decisions - READ ONLY

21 messages,  Last post on Oct 05, 2010 at 5:50 PM

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What is this discussion about? Car Buying, Car Financing, Car Selling, Automotive News

Messages Page 3 of 3

#13 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [kernick] by berri

Sep 16, 2010 (6:25 pm)

Replying to: kernick (Sep 15, 2010 1:22 pm)
I'd bet that if we looked at the way the questions were worded in the study and the answers given, we'd find the study was flawed
 
I agree. Incentives may not get someone to buy something they don't like or want, but only an idiot would ignore these matters and their impact on cost when purchasing a vehicle. I've decided on a vehicle from my list of finalists based on incentives whether discounts, rebates or 0% financing. However, I wouldn't pick something like a CR black dot Chrysler even if the incentive was largest.

#14 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [berri] by Mr_Shiftright HOST

Sep 17, 2010 (8:16 am)

Replying to: berri (Sep 16, 2010 6:25 pm)
Incentives might get someone who was already fully committed to buying a car, to upgrade a bit, don't you think?
 
What I find surprising sometime is how people will fight over incentives, interest rates, and even balk at doc fees, but seem ready willing and able to roll negative equity into the next deal.
 
It's almost as if shopping for a car is all about the monthly payments, and the actual cost is somehow lost in the clouds somewhere.
 

#15 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [Mr_Shiftright] by euphonium

Sep 17, 2010 (10:54 am)

Replying to: Mr_Shiftright (Sep 17, 2010 8:16 am)
These same people house their negative equity cars in garages attached to a home in which they are also upside down expecting others via stimulus to bail them out.

#16 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [euphonium] by Mr_Shiftright HOST

Sep 17, 2010 (11:00 am)

Replying to: euphonium (Sep 17, 2010 10:54 am)
Nothing wrong in principle with a stimulus to jumpstart a laggard economy but it's not going to help people buried in the real estate market if they haven't got enough income to generate on their own. I have more sympathy for a naive and greedy homeowner than for an outright Wall St. thief, but nonetheless, one has to bear the weight of their own decisions.

#17 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [Mr_Shiftright] by euphonium

Sep 17, 2010 (1:40 pm)

Replying to: Mr_Shiftright (Sep 17, 2010 11:00 am)
Nothing wrong in principle with a stimulus to jumpstart a laggard economy
 
Stimulus dollars stem from taxes we've paid and/or are paying. Thus, I resent my money being used to jumpstart a laggard economy when, with patience & due suffering, Natural Economics should be applied.
 
sympathy for a naive and greedy homeowner
 
The greedy homeowner is not naive, but cunning for his own selfish purposes.
The Wall Street Wolves weren't taking the locally approved loan applications. They were being "sold" by commissioned mortage brokers right here in Hometown, USA.
 
"No Down = No Responsibility" = No sympathy at all for the undeserving loan applicant/homeowner.

#18 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [euphonium] by Mr_Shiftright HOST

Sep 17, 2010 (1:47 pm)

Replying to: euphonium (Sep 17, 2010 1:40 pm)
Actually not enough money was spent on the stimulus by all accounts from economic experts. The complaint was HOW the money was allocated, monitored, etc. and those were justifiable grievances, I agree.
 
Spending nothing during a catastrophic financial meltdown would be national collective mass suicide. I mean, even conservative economists do not take the view of non-intervention in such grave situations.
 
But regardless, getting back to point here---just because consumers made bonehead moves does not give dealers, or investment bankers, the right to deceive them.

#19 of 21 taxes by rock1016

Oct 05, 2010 (10:20 am)

Can I pay the local taxes up front and not include them in the finance charge.

#20 of 21 Re: taxes [rock1016] by steve_ HOST

Oct 05, 2010 (11:00 am)

Replying to: rock1016 (Oct 05, 2010 10:20 am)
Try the Vehicle Sales Tax Questions discussion.

#21 of 21 Re: taxes [rock1016] by berri

Oct 05, 2010 (5:50 pm)

Replying to: rock1016 (Oct 05, 2010 10:20 am)
Interest should just be charged against the net amount (selling price less down payment) you are financing. In most states the sales tax is based on the price you negotiated regardless of down payment made (some states let you deduct trade before calculating tax, but down payment still doesn't enter into it).

Messages Page 3 of 3

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