Chevy Silverado purchasing help...
Simple question...What price should I push for....
Any recommendations to help me get the best price would be GREATLY appreciated.
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That doesn't work in a investment where the asset is 100% certain to drop to $0 at some point.CaptSmethwick wrote: ↑ Why are people assuming that the OP can't afford the truck? I have the cash and if I was offered 1% for 7 years, I would strongly consider it as my investment portfolio certainly yields more than 1%. If your portfolio could even make just 3%, you're almost $1000 better off just one year into the loan and over $3k over the life of the loan. If they offered a cash rebate equivalent to that savings, I would pay cash. Otherwise, it would be tempting.
For the record, we paid cash for the Q5 we bought last month but Audi was only offering 4%.
Aug 19th, 2018 5:29 pm
3 years? Is that a rule? Seems a bit restrictive to me. I'm a well paid professional but I've got enough other expenses that I can't pay cash for a new truck. Maybe that makes me a laughing stock amongst the RFD elite but whatever, I'm not too concerned. Now 84 months is a bit much but I see nothing wrong with financing a vehicle if you can comfortably pay it off in 4-5 years, especially if the rates are low.Tommy74 wrote: ↑ 84 months financing on the truck??? You will feel like dummy, sitting in the waiting room while they fix your 6 year old truck, and still making payments on it It was said thousands times- if you need more than 3 years to pay it off - you can't afford it. Get something cheaper. If you own business, and need work truck -lease it and write it off. If you need it for show and Instagram posts- rent one for 3 days, take hundreds pictures in different locations and return it. Don't let the dealer to fool you, that you can afford it. They will be laughing for hours after you sign it .
Aug 19th, 2018 6:01 pm
Re-read my post. A vehicle is not part of a investment portfolio and I wasn't saying that it was. Any cash I spend on a vehicle is cash that I cannot invest. Looking at it another way, if I can raise $50,000 at 1% and move that $50,000 into my investment portfolio where it earns at least 3%, then I am ahead.
Aug 19th, 2018 6:15 pm
The bumper to bumper warranty is 3 and the powertrain is 5 years. I think its a good idea to have the vehichle paid by the time the warranty is up, so you don't have some back luck and wind up with a big repair bill while you're still making payments.McGuillicuddy wrote: ↑ 3 years? Is that a rule? Seems a bit restrictive to me. I'm a well paid professional but I've got enough other expenses that I can't pay cash for a new truck. Maybe that makes me a laughing stock amongst the RFD elite but whatever, I'm not too concerned. Now 84 months is a bit much but I see nothing wrong with financing a vehicle for 4-5 years especially if the rates are low.