All I can say is I will never buy a new car again. It will be a while before I'm ready for another vehicle, but when I do, it will be a 1-2 year old dealer resale. I've decided I'm never going to take the depreciation hit that one takes on a new car.
The wife will want something different in another year or two, and that will probably be a Nissan Murano. By then the 1-2 year old models will be the ones with traction control and the nicer interiors they recently came out with. Dan --- On Wed, 7/30/08, Kris Gilmore <[EMAIL PROTECTED]> wrote: > From: Kris Gilmore <[EMAIL PROTECTED]> > Subject: [MBZ] OT : Buying new/financing > To: "mercedes Discussion List" <mercedes@okiebenz.com> > Date: Wednesday, July 30, 2008, 7:22 PM > It has come to pass that my trusty old 87 pickup will not > pass > the WV safety inspection because of body damage and rust. > Not worth > fixing. So I have been looking at new vehicles. > Traditionally in > such a situation I buy new from a dealer's inventory > for cash and > then sell the old vehicle myself. In this case the old > vehicle is > worth about nothing. > > But I have been reading about financing incentives > being > offered, I guess as a replacement for the leasing business > Detroit is > trying to get out of. For example, on the half ton pickup > from GM > they are touting a 72 month loan deal at 0% APR after a 10% > down > payment. That would let a person keep more cash in their > pocket > longer to invest some other way. What I am trying to > figure out is > what that financing package would be worth compared to a > cash > discount up front on the purchase price. I guess it > depends on what > interest rates and inflation are going to do during the > next 72 > months. I would seem that if rates go up it would be a > good deal and > if inflation went up too it would be even better because > you'd be > paying back dollars worth less than today's. > > So what would be the value of this 0%/72 month deal > be on say a > $23,000 purchase where you financed $20,000? Or would it > be better > to just pay $20,000 up front if you could negotiate a > $3,000 cash > discount from the financed price? Is there a handy rule to > be > applied here? Help an old farmer who is poor at math. > > Also, has anyone experience to share on these buying > services > like Autobytel? they claim to get you the best deal but > sound to me > like they would be just another middleman. > > Thanks. > > Dave Gilmore, Cameron WV > > If you are lucky enough to live in the mountains you > are lucky enough. > > > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: > http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
