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Corvette
C8 Forum
2022 Order accepted by GM
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<blockquote data-quote="gone" data-source="post: 261027" data-attributes="member: 5899"><p>Good on you; getting MSRP! </p><p></p><p>About financing, when I bought my C8 I was encouraged to finance, rather than pay "cash" as planned. I refused then the dealer pointed out I could finance any amount interest-free for a year. I pointed out there must be some fees to pay and the finance manager said they'd "credit" me those fees (a couple hundred dollars) so I'd not be out a penny. I questioned how the dealership could make any money doing this but was assured they would. So out of deference to my dealer and since I was so *!%#* happy with the C8 I was about to drive, I agreed to their request, since it cost me nothing (and it didn't). As well, my personal accountant has always told me it's better to use someone else's money, rather than my own, if possible and 0% or an extremely low interest rate where I can make more investing my money, does just that. I mention this as an example of what's likely a bigger picture where dealers are financing cars, even for no interest, and presumably getting some sort of kick-back. Maybe if they do $X millions worth in a year, they're handsomely rewarded? It's a world that we mere mortals know nothing about.</p></blockquote><p></p>
[QUOTE="gone, post: 261027, member: 5899"] Good on you; getting MSRP! About financing, when I bought my C8 I was encouraged to finance, rather than pay "cash" as planned. I refused then the dealer pointed out I could finance any amount interest-free for a year. I pointed out there must be some fees to pay and the finance manager said they'd "credit" me those fees (a couple hundred dollars) so I'd not be out a penny. I questioned how the dealership could make any money doing this but was assured they would. So out of deference to my dealer and since I was so *!%#* happy with the C8 I was about to drive, I agreed to their request, since it cost me nothing (and it didn't). As well, my personal accountant has always told me it's better to use someone else's money, rather than my own, if possible and 0% or an extremely low interest rate where I can make more investing my money, does just that. I mention this as an example of what's likely a bigger picture where dealers are financing cars, even for no interest, and presumably getting some sort of kick-back. Maybe if they do $X millions worth in a year, they're handsomely rewarded? It's a world that we mere mortals know nothing about. [/QUOTE]
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Corvette
C8 Forum
2022 Order accepted by GM
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