theintimmydator

Hey Guys,


I went to the Acura of Alhambra with a previously quoted price of $30900 OTD for an 08 auto with no nav or anything. Came it time to sign the paperwork, they said that if i were to take advantage of the 0.9% for 48 month financing deal, the car would no longer be available at 30900 otd. They said the car was quoted at 30900 because they added all these incentives and discounts that apply only if the car would be bought outright in cash. If the car would be financed via the 0.9% offer, they would need to retract those discounts, upping the price to about 33000 otd. Does this sound right to you guys or should i be able to get the 0.9% deal with the 30900 otd price? Thank you in advance guys.

SporkLover

I would definitely ask them why taking advantage of the 0.9% ups the out the door price.

I have not read anything on the finance incentive... but it may be that its not compatible with other finance incentives.

That being said..... 30900 otd price does not preclude you from going and finding your own financing elsewhere.

theintimmydator

yeah that's exactly what they said. that 0.9 deal is not compatible with the other incentives. I would go find financing elsewhere but the percentage will be quite a bit higher than 0.9 and overall cost of the car will probably come out to higher than the 33000 otd price with 0.9 rate offered by acura.

princelybug

iTrader: (16)

Definitely smells fishy. Remember, that's not the only Acura stealership around. There are numerous places looking to download 3G TLs!

helmsleyl

I got my 08 Navi from their internet department back, no problems, they honored my 32900 cap cost.

But when my moms friend went back, they tried the same thing they on her. She negotiated the price, then when they were signing the contracts, they upped the price. And that was for a TSX. She ended up going to Goudy Honda next door for an Accord.

You can try Thomas Acura in West Covina, or if you want to go back to Sierra, ask for Jerry or Jordan from the internet department.

black label

They do have both finance and cash incentives and you can't have both. You should go with the lower price instead of the financing IMO.

You can always refinance the car at a lower rate. You can never go back and renegotiate the price you are paying.

ggesq

iTrader: (1)

Sounds like BS to me. There is currently no cash back offers ( in my neck of the woods- at least) that I know of from the manufacturer. The main thing for this month is the financing offer and a lease special. Tell the finance officer, they either give you the 0.9 at the price you agreed on or your walking.

cleex024

yeah that sounds about right...but it shouldnt be that much higher. the dealer gets a cash back incentive when they sell the car, but they still get it if you do the financing just not as much. i think they get like 3k back when bought with regular financing and about 1k if bought with the special financing...so the difference i would think should be no more than 2k. so i guess thats about right then from 30.9k to 33k.

theintimmydator

wow so i guess they were right. thanks for y our help guys.

erick3

screw that! NO DEAL. we ran into the same situation with our Lexus when we bought it...our "no deal" turned into a great one...500 over invoice.

2tl_or_not

I ran into the same thing when I got an internet quote last week. But they told me up front that if I were to take advantage of the special financing that the $4K incentive would be null and void. I plan to pay cash so I'm hoping to use that as leverage.

SporkLover

Quick math here.... not sure about the typical car loan rates... but for 48 months here is what I see:

Take the 30,900 OTD plus your own financing @ 5.00% (based on my CU best rate) = $34,156.80 over the life of the loan.... 711.60 per payment

Take the .9% Financing and 33,000 OTD = $33,609 over the life of the loan. 700.18 Per Payment.

Pretty much a wash... but it appears that the .9 financing is cheaper overall.

nyczballa

yeah some rebates don't work with other offers such as your .9% its sucks but thats how they get you but if i was you take the .9 and try to bring down the 33K more

..Mark..

I was just gonna suggest doing the numbers to see which worked out better but someone did it for you. See if you can get approved for your own financing on Monday w/ a local CU and see what kind of rates they are offering and then make your decision.

Babnik

This is not unique to Acura, all (or most) dealerships do this now. When my dad went to buy a Pontiac a few years ago they offered either 0% financing or $6000 in rebates.

Obviously they can't offer you both, they'd go bankrupt.

tyymm

Acura did the same thing to me. However when in discussions they flat out told me that I could either do the financing or the cash off... I elected for the cash off because I will most likely pay the car off before the 60-month loan term. This way i have a lower payment and once I pay it off, I will have payed less interest. 3 grand over 48 months is not too huge of a per-month payment, either way your going to pay the money... just go for whatever works for you or keep shopping around for another better deal.

vinnier6

iTrader: (1)

how does this not make sense to some of you...

since acura is the one offering the special financing, over cash insentives why should they give you both...they are offering you one in lue of the other....

vinnier6

iTrader: (1)

yea, but did your 500 over invoice also include 0.9% financing...i didnt think soo....
and thats what were talking about there...special financing or cash off....one or the other...

..Mark..

FYI - Advice is a noun and advise is a verb. You should say "please advise" instead of "please advice."

anx1300c

iTrader: (2)

That's a tough call. The .9 is significantly less money overall, but you're generally better off going with the lower principle if it's close. You never know when you could run into a windfall.

black label

If you have no intention of paying the car off early.

J-STEELE

yeah man, 500 over invoice... my boy works at Nissan and he said they can go 500 over invoice... SOO TELL EM 500 OR YOU ARE GONE! Then they'll go... ooh ohh okay okay we can do that.. you just gotta stick to da plan bro, don't let them cheap shot you.... PEACE!

Bearcat94

This is the ticket, right here.

Take both options and figure total amount of the payments. Whichever is cheaper is the better deal.