This post emphasizes the importance of scrutinizing promotional deals for hidden costs. Asking for both savings and the lower financing rate may be worth a try, though it’s typically not offered upfront. This lesson teaches students to critically evaluate financial offers and understand how financing affects the true cost of a purchase.
The focus on the "or" in the promotion and the breakdown of the actual costs after financing charges is an eye-opening reminder to dig deeper into the fine print before making financial decisions.
I'm the main person to take care of the car I use, with services and replacements and any incidents. I tend to be the one handling all the paperwork when necessary. When I do buy my own car, I will be on the lookout for this!! In the past, in my experiences with advertising and what I've learned about the subject, it's very important to read the fine print. I feel like with an asset this large and this important, people might miss those little disclaimers and spend more than required. Thanks for sharing!!
This post not only help those who aren't willing to read the details understand that they matter, but it also helps the others that interests rates are a huge factor if you are in the market to finance. I personally love how we break down the cost of what the dealership is offering and what the numbers say from what they are offering. All and all, what I took from this was to understand the tiny details and do my research prior to making a financial decision.
This is a great post which shows how it's essential to recognize the difference in total cost when opting for financing versus taking the upfront discount. However I was wondering given the choice between $11,000 in savings or 3.9% financing for 60 months, how would someone decide which option is truly the better deal in the long run?
If the buyer doesn't have the cash, and wants this truck then the financing option is the one. I might see whether I can get the cash option and finance in another manner.....that likely will not work. For a buyer that has the cash, the decision is what the buyer will do with the cash if the buyer chooses the financing choice? Investing at a rate higher than the true cost of financing is the goal, but implausible to find today and risky.
This post emphasizes the importance of scrutinizing promotional deals for hidden costs. Asking for both savings and the lower financing rate may be worth a try, though it’s typically not offered upfront. This lesson teaches students to critically evaluate financial offers and understand how financing affects the true cost of a purchase.
The focus on the "or" in the promotion and the breakdown of the actual costs after financing charges is an eye-opening reminder to dig deeper into the fine print before making financial decisions.
Glad you took that away!
I'm the main person to take care of the car I use, with services and replacements and any incidents. I tend to be the one handling all the paperwork when necessary. When I do buy my own car, I will be on the lookout for this!! In the past, in my experiences with advertising and what I've learned about the subject, it's very important to read the fine print. I feel like with an asset this large and this important, people might miss those little disclaimers and spend more than required. Thanks for sharing!!
I am glad you have a personal takeaway! Makes my day.
Great learning lesson not just for finance but for a broader business skill: negotiation. Thanks for sharing
I love this takeaway!
This post not only help those who aren't willing to read the details understand that they matter, but it also helps the others that interests rates are a huge factor if you are in the market to finance. I personally love how we break down the cost of what the dealership is offering and what the numbers say from what they are offering. All and all, what I took from this was to understand the tiny details and do my research prior to making a financial decision.
Awesome Carlo. Thank you for your remarks.
This is a great post which shows how it's essential to recognize the difference in total cost when opting for financing versus taking the upfront discount. However I was wondering given the choice between $11,000 in savings or 3.9% financing for 60 months, how would someone decide which option is truly the better deal in the long run?
If the buyer doesn't have the cash, and wants this truck then the financing option is the one. I might see whether I can get the cash option and finance in another manner.....that likely will not work. For a buyer that has the cash, the decision is what the buyer will do with the cash if the buyer chooses the financing choice? Investing at a rate higher than the true cost of financing is the goal, but implausible to find today and risky.
I love this kind of personal finance content, short and insightful, especially the conclusion: "Ask the sales team for the 'and'."