#dealership

Dealership pushing lease for $7,500 tax credit vs purchase

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Dealership pushing lease for $7,500 tax credit vs purchase I am buying a Mazda CX-90 PHEV. The dealership is pushing hard for a lease so that I can get the $7,500 tax credit, I do not quality otherwise. They take it off the price of the car at purchase. I’m having a hard time understanding the math. Ultimately, I will buy the car, as soon as possible. I do not want to lease. I was told that after 6 mont…

Reddit Personal Finance 420 2024-01-28

Selling my car to a dealership

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Selling my car to a dealership Hi I am selling my car to a dealership, all paid off and it’s a lot of money for me. So I have negotiated to a price I want, and it’s pretty much just getting a check now. My question is the check/payment should be good and I don’t need to worry about it right? It’s a Honda dealer and I looked it up in Honda locator. Check shouldn’t bounce or an…

Reddit Personal Finance 1.0k 2023-12-29

Dealership Drops, Smashes Brand New Corvette Z06 Before Delivery

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Dealership Drops, Smashes Brand New Corvette Z06 Before Delivery These days, car deliveries can be delayed for all kinds of reasons. Maybe your new ride is held up because the ship carrying it bursts into flames, or production of it might be pushed back due to parts shortages. Now, one very unlucky Corvette shopper is looking at lengthy delay for their delivery after their 2023 Z06… Read more…

Jalopnik 1.1k 2023-10-24

LPT: Ask for the photocopy of your drivers license back after the test drive at a dealership

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LPT: Ask for the photocopy of your drivers license back after the test drive at a dealership Only ask after returning from the test drive, make sure they give you the only copy (follow them to ensure they don’t make another copy). This will help prevent fraud by them losing or someone stealing this copy, and also prevent them from entering ALL your info into their database. submitted by /u/CN2498T

Life Pro Tips 194 2023-09-12

I think I got screwed at the car dealership.

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I think I got screwed at the car dealership. Like the title says. The only car I’ve ever bought from the dealership is my Subaru Impreza. I got a great deal (employee discount) so no negotiating was necessary. I went with my daughter to biy a car from a dealership in town with a good reputation. The price on the car was $12,999, a 2018 Hyundai Sonata with 82000 miles. We liked the car. The…

Reddit Personal Finance 206 2023-08-22

Dealership keeps dragging their feet on returning my deposit, told me to dispute the charge on my card

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Dealership keeps dragging their feet on returning my deposit, told me to dispute the charge on my card I placed a $1000 deposit on a car a few months ago at a dealership. In the end, I decided not to go with that car/dealer. I asked them for my deposit back, at which point they said ok it will “process automatically.” One week later I followed up and then they said it would “process automatically at the end of the month.” Fine. Fast forward to t…

Reddit Personal Finance 190 2023-08-11

Car dealership ran multiple hard inquiries. How bad is it?

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Car dealership ran multiple hard inquiries. How bad is it? Hi folks, Asking on behalf of a significant other. His credit was thin and not very good (~550-600), and he was shopping for a car loan. Neither of his credit unions wanted to work with him without a co-signer. He went and saw a car he loved, and the dealer assured him with 1k down he could get a loan even if SO’s credit was 100 points lower. A…

Reddit Personal Finance 216 2023-08-09

Sell car back to dealership

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Sell car back to dealership This situation doesn’t look favorable, but I need some advice. My wife and I financed a car through Honda back in October when we required a second vehicle to commute to work. However, my wife now works from home, and the need for the second car has diminished. According to my calculations, the remaining amount on our loan is approximately 31k, …

Reddit Personal Finance 202 2023-07-21

Letter from a dealership offering to pay my remaining car loan balance, is this worth it or just them trying to sell me a higher priced car?

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Letter from a dealership offering to pay my remaining car loan balance, is this worth it or just them trying to sell me a higher priced car? I got a letter from a Luther Ford dealershio stating that they will pay off my remaining $6,900 of my car loan. I pay about $230 a month. Does this mean that they will pay off that balance and I can finance a new car that will most likely be a significantly higher monthly payment? (Assuming since they technically bought my car, I then wouldn’t h…

Reddit Personal Finance 236 2023-07-19