Quote:
Originally Posted by dmau9600
A major factor nodody in this thread is addressing is how the car was financed. I would wager those who got the best "purchase price" chose GM financing.
Dealers will give you a better price if you use GM financing because the APR is ridiculously high (~5%+). As soon as I told the dealer I had secured my own financing (at 2%), the "purchase price" went up since they could not apply some of their incentives (which they make up for in interest payments). However, total cost including interest still comes in several thousand less.
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Have you ever considered purchasing the car with GM financing then refinance it as soon as you get it? I purchased a few cars in the past and then refinanced with online or local credit unions.