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0% financing deals

Discussion in 'Dealers & Pricing' started by littlehandegan, Sep 15, 2015.

  1. littlehandegan

    littlehandegan Junior Member

    Joined:
    Oct 13, 2014
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    Location:
    Charleston, SC
    Vehicle:
    2005 Prius
    Considering a 2015 Prius 2. Advertised price otd is $20,500 +300 tax so $20,800 OTD.

    This price is great, however the price if i take advantage of the 0% apr is $24,267.


    Any thoughts? It is obvious I will have to settle for a 1.9% rate, which is annoying they won't offer that price.
     
    #1 littlehandegan, Sep 15, 2015
  2. Blizzard_Persona

    Blizzard_Persona Senior Member

    Joined:
    Nov 2, 2014
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    Location:
    Pa.
    Vehicle:
    2023 Prius Prime
    Model:
    XSE
    Just go to a credit union and get a loan. Take the lower rate. 4k is a huge difference.
     
    #2 Blizzard_Persona, Sep 15, 2015
  3. littlehandegan

    littlehandegan Junior Member

    Joined:
    Oct 13, 2014
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    Location:
    Charleston, SC
    Vehicle:
    2005 Prius
    So the dealer is correct saying the 0% is not available on special pricing?
     
    #3 littlehandegan, Sep 15, 2015
  4. JimN

    JimN Let the games begin!

    Joined:
    Nov 26, 2006
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    Location:
    South Jersey
    Vehicle:
    2010 Prius
    Model:
    V
    Money usually isn't free. Shop around for rates & shorten the term of the loan.
     
    #4 JimN, Sep 16, 2015
  5. luckyboy

    luckyboy Member

    Joined:
    Feb 16, 2007
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    Vehicle:
    2007 Prius
    At least here in California the deal to the public is $3K instant rebate OR $1K rebate + 0% financing, so the difference should be closer to that. usually the dealer gets some kick back from financing through TFS as well
     
    #5 luckyboy, Oct 8, 2015
  6. Kermit262

    Kermit262 Member

    Joined:
    Jul 27, 2010
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    Location:
    Central Ohio
    Vehicle:
    2010 Prius
    Model:
    III
    I found a dealer that gave the rebate and the 0% financing. Shop around and good luck.
     
    #6 Kermit262, Oct 8, 2015
  7. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

    Joined:
    Oct 28, 2010
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    Location:
    Redneck Riviera (Gulf South)
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    I'm writting this on a crappy i-thingy and I don't have time to pencil it out for you, but there's a reason that most financial advisors will tell you to pre-qualify for a 1.25-percent bank loan (or whatever your locar rate is) instead of dealing with the teaser rate.

    Beware the dealers in SC.
    When I was there as a squid, they were horrible.

    IIRC, they're unloading G3s on the left coast for 19 and change plus TTL.
    Your deal is close enough.
    Go to a CU, or a local or regional (small) bank and see wht their rates are based on your credit.

    Negotiate an OTD deal.
    No admin fees.....
    No tax...
    No last doc fees....
    No warranties....
    No insurance or GAP....
    No 'optional' crap.....

    I give you "X"
    You give me the car.

    Good Luck!
     
    #7 ETC(SS), Oct 8, 2015
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