Need advice on affording a tahoe !
- Thread starter BEEMDUB
- Start date
Disclaimer: Links on this page pointing to Amazon, eBay and other sites may include affiliate code. If you click them and make a purchase, we may earn a small commission.
ChrisAU
Full Access Member
I can get 3.25% on a 2005 or newer vehicle with a million miles on it for 72 months all day every day if I want to. Credit Unions are where it's at guys!
I'm surprised this thread isn't out of hand yet...
At 17, there's a TON more things I would be worried about more than how to afford a tahoe...
At 17, there's a TON more things I would be worried about more than how to afford a tahoe...
first of all im 18 why does everyone keep sayin 17 lol second of all I gotta steady job, college taken care of, no kids, alls I do is work and study with not much to pay for except phone, food, and gas what more do I have to be worried about right now...
Black Market
Member
- Joined
- Jul 18, 2012
- Posts
- 45
- Reaction score
- 0
I'm going with BP Retired on this...I have been driving retired police vehicles for the past 11 years and they have been, by far, the most reliable and durable cars/trucks on the road.
I also got my retired BP SSV from Chicago Motors a couple months ago and could not be happier. The interior looks brand new, engine compartment is clean, and the body is straight. Take your time looking at what they have coming in as their inventory is updated constantly...I think Chicago Motors has the best prices around. These guys are easy to deal with and shipping costs are CHEAP!
Don't be afraid of the used police vehicles...Plus they look badass!
but check around because some credit unions are more expensiveNathan please do not tell us when to get out of hand and when not to.
I was very much worried about what vehicle I drove when I was 18.
thats reassuring! I'm really on the fence about trading the charger or not, half of me wants too and half of me not wants too, either way I would think it would be smarter to wait until its paid off , only problem is that I forgot how long I'm makin payments on it for so I have to double check that it could be 48 or 60 months for all I know
Gzes
the drifting 2dr
Yea i no but thats life. I hate owing people money so i would rather pay the deposite truthfully. But yea some places try to **** u over bad. Verizon wanted to charge $800 non refundable for 2 phones n service and my sister is like **** u and got straiht talk. We also dont like contracts hell i pay $100 a year on my smart phone
felixgun
Full Access Member
Eventually you will need credit when you want a loan for a house. Or if you ever try to move into an apt complex they will nix the deposit if you have good credit. Mine required a $1300 deposit but since I had good credit I had to be $0. Good credit pays off in the end.
one last question guys (for now lol) How much is a reasonable and realistic amount to talk a dealership down on a used car... I'm seeing a lot of tahoes with in between 65k and 75k miles for like 15,995, is it reasonable to try to talk the price down to 14?
- Joined
- Jan 3, 2011
- Posts
- 50,933
- Reaction score
- 19,329
If you have cash to flash then yes. If you're financing the vehicle your bargaining power diminishes considerably.
CEN2MENTAL95
Banned
really? cuz in NY the dealers get a kickback from the banks for every payment made on time (monthly).....dealers actually rather financing (in my experience)
Well I would be going to talk business after I got preapproved for a loan from the credit union so wouldn't that count as cash to flash lol
Last edited:
- Joined
- Jan 3, 2011
- Posts
- 50,933
- Reaction score
- 19,329
kick backs from banks doesn't equal the power of cash in their hand, though. Do you think a dealer would rather $14k in the hand or $100 kick back on a monthly basis?
Also, financing through the dealership is a big no, no in my book. If you're going to finance do it through a local credit union prior to even stepping on the lot. Many dealerships have a tendency to screw the customer over even more when the customer not only purchases the vehicle from them but then also finances through them.
CEN2MENTAL95
Banned
kick backs from banks doesn't equal the power of cash in their hand, though. Do you think a dealer would rather $14k in the hand or $100 kick back on a monthly basis?
well...yeah they have $14k cash today...but if they wait till end of month, they'll have the bank check + a dividend...and every month for the life of the loan that dividend repopulates
i'd rather have the extra $$$ longterm....and the dealers in NY feel the same
- Joined
- Jan 3, 2011
- Posts
- 50,933
- Reaction score
- 19,329
If you're preapproved for $14k (for purposes of example) and you can go to them after some negotiation and state that you'll have a check to them in 15 minutes for $14k if they accept otherwise you're walking then I can see that being a decent bargaining tool. The reason I say actual cash, though, is the power of the 100's being pulled out of your pocket as you prove to them that you're serious about it (although, I may not carry the full $14k with you
). There's that visual enticement that is very powerful in many situations.---------- Post added at 03:48 PM ---------- Previous post was at 03:46 PM ----------
Interesting... I know that if I was a dealership I'd rather just have the cash and move on to the next thing. I would also assume that'd differ from dealership to dealership because I'm sure the different businesses are run differently with slight differences in how they choose to do business. Cash deals hold a LOT less risk and that'd entice me
If you're preapproved for $14k (for purposes of example) and you can go to them after some negotiation and state that you'll have a check to them in 15 minutes for $14k if they accept otherwise you're walking then I can see that being a decent bargaining tool. The reason I say actual cash, though, is the power of the 100's being pulled out of your pocket as you prove to them that you're serious about it (although, I may not carry the full $14k with you
Lol unfortunately the likely hood of me walking into the dealer with 14k in 100s is about the same likeliness that I sprout wings and fly away.....But yea the loan looks very possible providing I get pre-approved from the credit union that my mom (cosigner) has been with since she was 16 and has had perfect credit the whole way through
- Joined
- Jan 3, 2011
- Posts
- 50,933
- Reaction score
- 19,329
I hear ya man. Definitely get yourself preapproved then and use that as your leverage. Really, their wiggle room largely depends on what they originally bought the vehicle for (usually from auction or via trade) and what kind of overhead they have to cover with commissions and stuff. So there are many variables that come into play.
Yea I mean my knowledge of vehicle sales is of course very basic seeing as I've never did it on my own before, But the dealers I'm lookin at sell used leo tahoes so I would assume they picked them up at auction or from the government for dirt cheap
