Chevrolet Offering 0% APR Financing on All Corvette Models During Black Friday Sales Event - Corvette: Sales, News & Lifestyle
I wonder if this will happen here in Canada?
I wonder if this will happen here in Canada?
Yeah, but, when I can make 8% or so on my investments - still a great deal. I bought my 2011 Outlander sport with trade and 0% financing. I paid cash for my C7 + trade 03 C5 vert; if I could have got 0% or even 1.9% I would have financed it.0% is great unless youre a cash buyer as with most manufacturers offering cheap financing you give up the cashback. In the case of my2019 now its not much at $4k so 0% would be great....
... oh but wait ... I was a post-negotiated net-cash buyer to the tune of $80k and then optioned the 0% financing.0% is great unless youre a cash buyer as with most manufacturers offering cheap financing you give up the cashback. In the case of my2019 now its not much at $4k so 0% would be great....
There are few true investments in life. My strategy has always been not to buy anything unless I have the cash: house paid for - long time ago, kids educated - finished last year - $150K well spent, RRSP maxed long-time ago - ditto TFSA and other non-registered investments; but, still, if I can get something with minimal cost - eg. interest rate, I am all in. I never bought a car (always had a company car) unless all those other details were ticked and I've owned 3 other vettes and a 07 Shelby GT500 that I had modified to increase handling.... oh but wait ... I was a post-negotiated net-cash buyer to the tune of $80k and then optioned the 0% financing.
Found it increased my insurance premium just a little bit by having a mortgagee pay-out added to it.
However took my $80k and bought 7300 shares of a rather safe monthly income fund.
Each month I negotiate a few shares and add $425 of monthly income and pay the loan payment.
I can also negotiate the funds anytime if the unit value goes up and still pay-out the loan ...
it's a hellova lot of work each month but the funds earn about $5k per year taxed as investment income.
Add the benefit of the 4% loan interest ($3k in year #1) that was waived ... and ... when the loan
is paid-out, I'm estimating 1200 shares will still remain ... so who can win with cash ???
I'm I ever glad I took Math 31 in Grade 12 ...
... and then we did it again for my wife a year later ...
oh by the way if wondering ... the fund is a financials fund - only the big Canadian Banks
... the Corvettes are not considered as investments though ... they are just our toys
Yup ... to each their own ... and my example has the cash ... just not surrendered too quickly.There are few ....
You are right: to each his own - if comfortable and if the cars are more important to each of you vs paying off mortgage and other financial concerns - then, that is all that is necessary - more power to you man - enjoy!!!! My name is down to order the C8. But will I? Not sure until I see it and see the difference it will cost me. I love my C7: loaded with everything I want and handles amazingly, as you know. I need room for golf clubs!!!Yup ... to each their own ... and my example has the cash ... just not surrendered too quickly.
It does make for a rather very busy time putting together the tax return and for monthly payments
... but there is sometimes nothing better to do when snow has the summer toys parked.
I surely know I''m not the norm ... still got a teen, a mort and a business (full time) and finely-tuned to
making something from spending ... I'll get there in good time ...
I read you and understand: when I bought my SUV and did the math -it was worth it to me to take the 0%.Just saying if youre an old school cash buyer and the cash back incentive is like $10k or once i saw Corvettes included in a 20% off promo 0% finance not worth it as its one or the orher. If you have to / want to finance then 0% is great..
Yeah, but, when I can make 8% or so on my investments - still a great deal. I bought my 2011 Outlander sport with trade and 0% financing. I paid cash for my C7 + trade 03 C5 vert; if I could have got 0% or even 1.9% I would have financed it.
Call your dealership(s) and put it on their desk to call you when 0% (or something sweet) is available. If there is a creative deal-making General Sales Manager, you might be soon sitting at his/her desk without a middle-person salesperson going back and forth for you. If you were in Alberta, I could help you with a name. You have nothing to loose waiting months for the sales manager to call you back. If left with a salesperson, make sure to call them every 3-4 weeks, visit and get yourself recognized every time you are there. This is what I did and the dealership was 300km away ... I was very motivated and very few other potential corvette customers were. It's also always good to know if a Dealership ignores your motivation too (6 out of 8 were with me on 2 Corvettes) ... hence another small part of why my vanity license plate states "ya, ya, sure, sure, whatever"As someone looking to finance his new C7...finger's crossed on something similar up here in Canada! So far nothing being advertised that I could find though.
Awesome ... you have a good plan. My two vettes are purchased from a stand-alone family-owned GM dealer. Although it does matter that we don't drive these out-of-business, it's good for your neighbor (sales manager) knowing that as soon as they can meet your needs ... you are ready. Sometimes a dealership might have to sell a corvette for less profit in order to get two or more other models allocated. Sometimes a dealership might want to sell a corvette for less profit because they see a potential for referrals (each of my two had two loaded truck referrals soon after). Nothing is guaranteed but it is always good for your neighbor to let you know right away ... when they can sell you a Corvette before he notices you driving up with a deal they could have matched from somewhere else. Awesome neighborly love aside, business is business and a month-end sale is a month-end sale to any GM Dealership. I always seem to find success by stepping up my buying facade in the last week of every month as that is the week every GM Dealership Manager seems to stress the most ... above all I hope to hear you in that pilot's seat soon (whether in hibernation or not)My local GM dealer's sales manager is my neighbor ... but needless to say they try to make a lot of money on the vettes they do sell.