0% Financing on MR??
Is it possible to save money with a trade in (since it is 0% financing)? I'm paying around 7% APR for my loan. Even if the price was marked up could it be possible to save money and get a new car? Im guessing you would probably get screwed.
Originally Posted by whops
Is it possible to save money with a trade in (since it is 0% financing)? I'm paying around 7% APR for my loan. Even if the price was marked up could it be possible to save money and get a new car? Im guessing you would probably get screwed.
it really depends on your trade-in value (minus) your payoff.....
Here's a solution you can use:
Current Loan Payoff - Trade-in Value = X
X + (New Vehicle Price) = Y
Y + TAX + Registration Fees = Z
Z / 60 months(5yr) = Your Monthly Payment
First you settle on the price of the new car-never tell them how you want to pay for it or if you have a trade in, just say your not sure or you need to think about it if they ask. If they insist, walk away. Once you have the price settled negotiate the trade in, still not saying how your going to pay. When you are sitting in front of the finance guy thats when you tell him you want the 0% deal. By that time they wont want to loose you and they have invested a lot of effort. IF there is a 0% deal available they would probably give it to you at this point. Good luck
Originally Posted by illuder
Really? I was gonna take two thousand in cash for the down payment anyways. You think he'll give me the 0%?
Originally Posted by wthoevo8
what's the invoice price for an 05 MR??? Thanks!
32,733
illuder- Try another dealership, I know there are other Mitsubishi dealerships that have MRs somewhere in your area. Get the car, it will be worth it in the end, even if it means you have to put in a little work and drive a little further to find the car you want. In the end, the MR will be worth it (well actually it depends on why you are buying it, if your buying it to be comfortable day to day driver then it may not be the car for you).
Originally Posted by gsujeff55
i want a white MR too...but, it isn't worth the hours of taking all my parts off.
djskyy
Current Loan Payoff - Trade-in Value = X
X + (New Vehicle Price) = Y
Shouldn't it be (new vehicle price) - X = Y
($32,733) - X = Y
Y + TAX + Registration Fees = Z
Z / 60 months(5yr) = Your Monthly Payment
Yesterday 08:08 PM
X + (New Vehicle Price) = Y
Shouldn't it be (new vehicle price) - X = Y
($32,733) - X = Y
Y + TAX + Registration Fees = Z
Z / 60 months(5yr) = Your Monthly Payment
Yesterday 08:08 PM



