> Now days the sales guy can do some of that, but in the end the big saving for consumers is in the financing office.
Yeah, it's astonishing how much the car will cost you after you pay everything off through the loan vs. the agreed upon price. A 10% interest rate on a 5 year $30,000 car loan costs $8,244.68.
It's not uncommon for people with so-so/bad credit to get rates in the 20+%. A 22% loan on $30k over 5 years costs almost another $20k! That's like buying an entire extra car!
Yeah, it's astonishing how much the car will cost you after you pay everything off through the loan vs. the agreed upon price. A 10% interest rate on a 5 year $30,000 car loan costs $8,244.68.
It's not uncommon for people with so-so/bad credit to get rates in the 20+%. A 22% loan on $30k over 5 years costs almost another $20k! That's like buying an entire extra car!