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:iagree:
dealerships don't prefer cash sales. Less money on the backend to be made i.e. they make money off your interest rate. Plus the chances of closing on warranty products/maintenance/road hazard etc. all goes down with cash buyers. Just bc you sign a paper saying you got 5.9% interest the bank may have said 4.7% to the dealer every point the dealer up sells they get paid on from the bank. Unless its one of those nationally advertised low rates on brand new car. Typically a cash deal goes so quickly and will get a dropped price bc they realize you have money and will do the sale as quick as possible just to move a unit and hopes of making money off of you in the future in the service department if they make you a customer. |
I *****.
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Hey what about the new corvette? Maybe if you trade in your evo you can get the '13 gtr and use it as a track and dd car, since the gtr is definitely dd'able. Good luck with whatever you chose!
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The GTR doesn't drop in value enough. I guess it's in high demand.
I wouldn't waste time on the Viper. If you're facing Canadian winters, I agree that AWD is the way to go. Maybe you can find one used in decent condition and with low miles. The older Viper, iirc, doesn't have electronic aids like traction control or ABS. Not something I'd want to be stuck in during a surprise snowfall. I could be wrong about that, but I thought I heard that from a Viper owner. But if you're seriously considering Viper, used ZR1 Corvettes go for 90-some. |
I haven't paid over invoice on a car for past 5 years and haven't paid more than 2.5% interest on any amount financed. My last purchase, a BMW product, was less than 1%. But then I own my home, have had steady job for over 10 years. Doesn't sound like you have a firm job and credit managers want to see some history. There is a lot more margin in viper so they can hedge some of the credit risk with increased profit they make. Japan made super car isn't going to carry same margin.
Doesn't sound like you have much credit history and not many assets. A well managed credit organization will look at risk of an applicant and assess interest rate that hedges risk. given buy rate for large institutions is nearly 0% they must think you're a risk to hike interest that high. Don't forget as you start making more money taxes will start to hit you harder . $150k a year isn't really that much if your considering a luxury performance car. You'll lose half of your $50k just in depreciation and interest first couple years by purchasing one of those cars new. |
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Most Viper owners don't dd them, and very rarely drive in bad weather. The newer Vipers comes with "pray it doesn't rain" sport cup tires so that should tell you something lol. |
Only 2 reasons i was considering a viper is 1. 6 speed manual and 2. I miss the sound of the V10..lol.
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If you get a $90K car loan at 3.5% interest then you can't afford a $90K car.
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