Money Matters
cls78
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Anyone bought a car recently?!!?
ughhhhh I don't get it. Why do car sales have to be such a game. If it is 0% interest for 60 months with 8,000 down for a 25,000 (that is with all the taxes and fees) why is my car payment going to be 350.00 ? That means at the end I am paying 29,000 for a 25,000 car. Maybe I am missing something. I hate buying cars!
Warning
No formatter is installed for the format bbhtml
Re: Anyone bought a car recently?!!?
I am guessing here...
On many 0% deals, if you don't pay the full amount ($25k) within the allotted time (60 months in your case), then they penalize you by adding on all the interest to the loan. Or, if you make late payments they do this. It could be that the $29k is the amount due if you're penalized.
OR, it could be a typo!
I recently went to a dealership looking to buy a car, not because I needed one, but because they sent me an advertisement with a VERY lucrative offer for my trade-in coupled with a great deal for a car I was considering buying 1-2 years from now. Oh! And a gift just for taking the test drive.
And now the warning and the evil of just how incredibly sleazy some car dealerships are. Put nothing past them...
Fast forward to reality. No gift for the test drive, unless I allowed them to do a hard pull of my credit to determine I was a "qualified" buyer. Told me they couldn't take my car as a trade-in because it had a "salvaged" title. I was literally in tears and upset all night thinking I had been tricked when I bought my current car and that it had a "salvaged" title without it being disclosed to me. Only to find out the next day...after wasting 30 MORE minutes of my time going back and forth with my bank...that the dealership had fed me a line of complete and total BS. The title for my car is clean, it is not salvaged, they just bold-faced lied to me because they were hoping I'd let them have it for $500 and still buy their flimsy Fiat, even when it didn't come with the deal I had walked in there for.
Did you already buy the car? If so, did you ask them that very question? If you realized later, can you still get out of the contract? If the answer to my last question is yes, I'd walk back in and say there was a mistake on my paperwork...and literally be ready to walk and leave the car there if they won't honor the 0% interest originally offered.
Is the $25,000 include all their fees (delivery, tax & title etc)? I don't know what the local tax rate in your area but just to give you an example, where I live it's 7% so the tax on a $25,000 car would be $1,750.00. So that accounts for almost $2,000 of that higher price. Also did they convince you to add any extras afterwards (warranties, paint coverage, tire warranty?) Those are all extras that get added on after the final price but can drive up that monthly figure.