Last post on Oct 05, 2010 at 5:50 PM
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Car Buying, Car Financing, Car Selling, Automotive News
#18 of 21 Re: Article Comments - Study on Auto Finance, Purchase Decisions [euphonium]
by Mr_Shiftright HOST
Sep 17, 2010 (1:47 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.
Oct 05, 2010 (10:20 am)
Can I pay the local taxes up front and not include them in the finance charge.
#21 of 21 Re: taxes [rock1016]
Oct 05, 2010 (5:50 pm)
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).