For the people who’s new to buying a car or anything that requires a loan. What you want to do is go to your credit union/bank, you wanna fill out an application for a loan. Once you do that the bank will pre approve you for let’s say $38,000. Now you got a pre approved check for the $38,000, you take that to the dealership and you find a car/truck whatever in the budget of that $38,000. Once you find that option you want, you ask the salesperson what’s their best (“out the door deal/price”) on that vehicle. They gone always go up on that price, you want to get them to go as low/down as they can on the total price of that vehicle and not the monthly payments. So if that vehicle $38,999, you want to get them to drop it to $36,999. So you can give them the pre approved check that’s for $38,000.
You’re absolutely wrong! The whole goal is to get them to give you the highest interest rate possible, with hopes of getting into crippling debt that you will never pay off.. Trust me, this is the best way to buy a car
@@Whoitnow right he need to be a real man get in debt like everyone else🤣🤣🤣🤣 but foreal this man is right get pre approval from your bank if u can and try what he said it could work great for u trust I work for a dealer as a advisor and tech and I always say go thru your bank or federal credit Union
If you get a loan through the dealership the slaes person also gets a commission for the interest on the loan. If you get a loan without the dealership involvement with a bank they dont work with they dont get any extra. Navy Federal is one such credit union @jonathanb.1215
The best part about these bits is that the numbers are so accurate that there is now way these aren’t real life examples. I know this happed to him. Art imitates life
lol i pulled this stunt with my 820 score, they ran my credit anyways, and they came back with the same offer my credit union gave me, and i was like "why did you waste your time on that? i already knew my credit union worked with your dealership, you put a strike on my credit to tell me shit i already knew"... I was annoyed but I got the car I wanted
They did the same with me and lied saying they were not going to run my credit. Lesson learned, do not trust everything they say to you. I am happy with my 19 Toyota Camry Hybrid with 1.25% interest rate.
@@hammerbg5816Certain credit checks (“hard pulls”) can lower your score for up to two years so you don’t want everyone and their mom inquiring about your credit willy nilly
@@hammerbg5816 when they ran his credit, it hurt his credit score. That would count as a strike on his credit because it negatively impacted his score.
Me and my girlfriend did something similar to this and we end up getting a $2,300 down on the value of the car. Dealer sales guy didn’t want budge but on the way out the manager stopped us from leaving and said if we did the price we asked we would buy it and we said yes. We bought the car on the spot and came back next couple days to drop off the bank check. They did required us to leave a down payment which was fine, we just had to get a smaller loan from the Credit Union. Always go to dealer prepared. They are very slick if you’re not prepared. My mom ended up buying so many extra things for her car and now she doesn’t even use most of the extras the sales guy sold her…
In 2013-14 two dealerships insisted I needed to get a credit report run by them before they can sell me a car because they wanted to compete with Navy Fed’s rate. At the third dealer I let it happen because I found the perfect truck for me and they got me a few points off my Navy Fed rate but before I moved with the sale, I called NFCU one more time, told them I was at the dealership and what they offered and they gave me an even better rate! The salesman knew they couldn’t get me anything better 😆
That's exactly why I froze my credit before I went to the dealership with my pre approval! Those dealerships scandalous! Y'all should've saw his face y'all! 🤣😂😂🤣🤣🤣 Priceless
1. Go to stealerships with pre-approval checks or Cash. 2. Haggle over Out The Door Price. 3. Don't let them shotgun your credit to 10 different banks. 4. Give them the middle finger as your drive off.
Dealerships offer competitive interest rate that ends up being irrelevant bc they will tack on additional charges that are pretty much made up and payment under their terms. In short it is in your best interest to consult a bank or credit union on pre approved amount with lowest interest rate. Never tell the dealership that your pre approved until you get the best out the door price with minimal down payment. I hope this helps you understand I don't want anyone taken advantage of by these sharks. It is confusing. The dealer has his commission as his best interest.
Agree with the comment above, basically dealerships make a ton of money off of getting you to finance through their partner banks (usually either like bmw financial for bmws, Volkswagen, etc). When you don’t finance through them, they make less commission on the sale. When they offer things like 0% financing, the cost of the total sale is generally much higher than the sticker price of the car so you end up paying the same or more than you would have if you got Third party financing
Basically it comes down to always get pre approved from a credit union and when you negotiate sale prices always negotiate the "out the door price" and not the monthly payment.
Example. I just bought a jeep. I am pre approved. Buying a used vehicle. Went to dealership T and they were asking for 34k. I asked for the vehicle at 30k with tax title and license included. (Always ask for ttl included) they said it wasn’t possible. Showed me numbers and their tax title and license fees were over 3k. I walked away since they didn’t want to negotiate their added on fees. I went to dealership H and asked to make the same deal. The fees were 1,800. Essentially they removed all the unnecessary fees for them to be able to make the sale… I was in an out within 1 hour. Easiest transaction ever. Always go pre approved you hold more power to make a purchase. Also with Navy Federal they just do a questionnaire and I guess compare it to your transactions. Got pre approved in 10 mins. No need for pay stubs or any other information. Q If they start running your credit at the dealership make sure you bring a full month of paystubs and be ready to explain debt to income ratios. And time. It is time consuming. Could be a one day deal or a couple of days deal..
As some one who is 26 and just bought a car from a dealership 2 weeks ago a dealer will give you a ridiculous interest and throw on random fees to jack the price up. Pre approval is when you get an offer that has interest and a set price and dealership wont make money off of you because they wont be able to jack the price up. To summarize it all up a dealership is trying to sell you a loan not a car. They get cars at MSRP and mark up the prices to make profit. You try to get the car as close as MSRP and youre reducing their profit which saves you a couple thousands from a pre approval.
As someone who works in sales be careful about those 0% interest loans, they’re usually deferred interest loans that remain at 0… until you reach the end of the term length. After that point, any remaining amount owed is usually hit with a 25-30% APR until you pay it off.
I just went through this with a dealership , got a lower rate offer but the payments per month were more and they added 6 months to the contract.. If the numbers don’t add up, just walk out
I bought my truck at carmax and then returned the next day with a check from my credit union and walked out with the title. Next time, I'll get pre-approved.
I did this on a scat pack! The finance manager told me 1300 a month. Lmao, Navy Federal said leave, and we help me find another one. They been texting me ever since!
Probably because they will not make as much money off of you. Especially when they try to sell you additional items like extented warranty. @@jonathanb.1215
@@jonathanb.1215 They'll bring your apr down as low as 4% which is really good because some dealerships are pushing their luck with 20% or even 25% in some cases.
My experience was different. After I told the salesman I was pre-approved he stated"well there is no need to pull your credit for financing". He even told me that it's the last day of the month and he wanted the sale. Quickest car buying experience ever. Oh yeah PenFed
NFCU had the sales manager I was dealing with pissed tf off. Didn’t want to answer any questions, didn’t want to look me in the eye, didn’t even shake my hand 😂 god forbid I don’t pay you’re crazy ass financing and got a better deal through a credit union for being a member. Sidenote: the new vehicle was for my me and my wife’s baby we were expecting. The dealerships idea of helping me out was having me put an extra $7500 down to get me where I wanted in terms of financing 🥴
USAA has a 50k auto loan cap, navy fed is like 100k+ maybe no cap at all. Also USAA has to get a pre-approval from management of 50k or more on auto insurance payouts. Why do I know? Some idiot rear ended me and totaled my car cause he was too close when the car in front broke down on the highway.
What I do is tell the credit union to give me a letter for a certain amount of money, then Im dealing with price. buyer should already have calculated the max payment at that amount of money, I never use the full amount of money I asked for, its just a cushion, just incase. sometimes the Dealer can Beat the credit union, up to buyer if they want to pursue that or not. The credit union can be convenient, cause easy to add extra payment from bank account to loan account, and pay off ahead of time.
Car dealers are such scum if you ever get bored go into a dealer and just waste their time for 6 hours its actually pretty fun and you're taking money out of the salesman pocket because the time he's wasting with you (someone with no intention to buy) he could have spent scamming someone else
Pre approved for what amount and what interest rate? 25,000 will have a differnt payment than 30,000 , and the time line will effect it also. The dealer still has to deal with the Credit union, transferring funds. So its not like , Im pre approved give me my car, what a FOOL! LOL!!!!
True, but you can save time by not having to fill out the credit application if you like your credit union rate & terms. Always get pre-approved for more than you will need because ultimately the loan will only be for the out-the-door price minus your trade and/or down payment. For example, if you are pre approved for $50k but the bottom line is $42k, your loan payments will be based on $42k.
Car salesmen get angry with preapproved cause they make less from the commision off of the sale but either way it goes you finna takes this check or ima take it back and go somewhere else
If a dealer really wants to play that monthly payment game. Let em. If you ran your credit recently then the dealer running your credit again won't really affect it much. IF they beat your credit unions rate great. if not then just negotiate it out. Do the math on the monthly and look at any bs fees they might tack on. Be ready to walk out. Unless its a unique car as in limited production and you really want it. Another dealer got that car.
@@Malchiar010695maybe not at stealership. I only buy cars cash my last car I paid 13k cash for my 2019 mini Cooper S countymen and on my RV I also paid cash 17k. Im good with my money none of it hurt me to spend because I managed my finances and worked it into my expenses the only thing I paid monthly on is my insurance and that I pay in the month increments. I am very busy and always forget to make payment's and I prefer to do it this way so I can save up more in the long run I know it's bigger chunks but like I said it's already managed in my finances and overall I make way more then I spend.
Hey y’all I’m new to this whole “adult” thing and have no idea wtf is goin on in this interaction. Can someone explain what pre approved means? I really wanna know
@@SanguiniusIsDad Monthly payment means jack squat, out the door price is higher. Say he took the lower monthly payment. He’s then in that car for over 48 grand in a term of 5 years, whereas if he can make the higher payments he can get the car 3,000 dollars cheaper and have it paid off in 3 years. If he takes the lower monthly payment, sure he can more easily make the payments but he is still paying more in the long run. Net-loss is higher with the longer term loan just due to simple interest, even if you pay it off early. Out the door $43,999, interest of 3.99% term limit of 60 months, total interest paid is over $4,500. Total price paid is $48,607.60. 45 grand with no interest is 45 grand, doesn’t matter how you cut it.
Correction. Definitely don’t act like this if your sales person is legitimately trying to help you. In this instance, you could tell he was annoyed by the fact he went through NFCU, and ran his credit for no reason 😂
Yea, you walk into my dealership being this much if a douchebag, your golden check better be worth 10k over MSRP or you can buy a car somewhere else. Respect > Money
Screw you and your dealership, all y’all are out for your damn selves. You don’t give a fuck about giving someone a good deal. Here’s this 100k mile used car. That’ll be $18k
For the people who’s new to buying a car or anything that requires a loan. What you want to do is go to your credit union/bank, you wanna fill out an application for a loan. Once you do that the bank will pre approve you for let’s say $38,000. Now you got a pre approved check for the $38,000, you take that to the dealership and you find a car/truck whatever in the budget of that $38,000. Once you find that option you want, you ask the salesperson what’s their best (“out the door deal/price”) on that vehicle. They gone always go up on that price, you want to get them to go as low/down as they can on the total price of that vehicle and not the monthly payments. So if that vehicle $38,999, you want to get them to drop it to $36,999. So you can give them the pre approved check that’s for $38,000.
Anybody feel free to correct me if I’m wrong I definitely do not want to spread misleading information
You’re absolutely wrong! The whole goal is to get them to give you the highest interest rate possible, with hopes of getting into crippling debt that you will never pay off.. Trust me, this is the best way to buy a car
Nah I’m playing bro, great summary of the process. Respect!
@@Whoitnow😂
@@Whoitnow right he need to be a real man get in debt like everyone else🤣🤣🤣🤣 but foreal this man is right get pre approval from your bank if u can and try what he said it could work great for u trust I work for a dealer as a advisor and tech and I always say go thru your bank or federal credit Union
“NAVY federal.” 😂😂
Million Dollar Sailor alumni in full form folks. 🥷
@@feyrrari wa wa wa u mad
@@BallsCS2 u have no idea what im saying. 🤦🏾♂️
@@feyrrari “in full form folk” yeah no shit I don’t speak or type like an illiterate fuck
“Cuz i’m pre approved🙂↔️😏” “NaVy FeDeRaL”🙂↕️
The way he said NAVY FEDERAL has me hollering.
Literally did this today.....when i said Navy Federal the sales person said "F*CK!" 😂😂
why do they hate it ?
If you get a loan through the dealership the slaes person also gets a commission for the interest on the loan. If you get a loan without the dealership involvement with a bank they dont work with they dont get any extra. Navy Federal is one such credit union @jonathanb.1215
@@jonathanb.1215it’s difficult to beat their rates. The dealership either has to accept it or offer even lower rates earning them less money
@@jonathanb.1215 credit union usually got lower rates
@@jonathanb.1215their interest rates are pretty low compared to car dealerships. And car dealerships want you to finance with them.
The best part about these bits is that the numbers are so accurate that there is now way these aren’t real life examples. I know this happed to him. Art imitates life
This is exactly how i planned on acting when i go to get the redesigned 2025 Tahoe. 😂😂😂😂😂
lol i pulled this stunt with my 820 score, they ran my credit anyways, and they came back with the same offer my credit union gave me, and i was like "why did you waste your time on that? i already knew my credit union worked with your dealership, you put a strike on my credit to tell me shit i already knew"... I was annoyed but I got the car I wanted
They did the same with me and lied saying they were not going to run my credit. Lesson learned, do not trust everything they say to you. I am happy with my 19 Toyota Camry Hybrid with 1.25% interest rate.
@@Sacarface89that Toyota will last too. I drove a bmw and an Audi now but I plan on buying a Toyota.
whats "strike on my credit"? im not American
@@hammerbg5816Certain credit checks (“hard pulls”) can lower your score for up to two years so you don’t want everyone and their mom inquiring about your credit willy nilly
@@hammerbg5816 when they ran his credit, it hurt his credit score. That would count as a strike on his credit because it negatively impacted his score.
1360 a month at 0% is just an $800 principal marked up 70%.
They're out here treating auto loans like a can of Red Bull.
Usually when doing a 0% interest deal the bank requests a fee from the dealerships and this fee is not low
It's a 36 month term which adds up to the 48k.
“Yes because you guys do it all the time” 😂
Bro I am so happy I discovered your channel! I am binge watching all your videos. Truly hilarious 😂
Me and my girlfriend did something similar to this and we end up getting a $2,300 down on the value of the car. Dealer sales guy didn’t want budge but on the way out the manager stopped us from leaving and said if we did the price we asked we would buy it and we said yes. We bought the car on the spot and came back next couple days to drop off the bank check. They did required us to leave a down payment which was fine, we just had to get a smaller loan from the Credit Union. Always go to dealer prepared. They are very slick if you’re not prepared. My mom ended up buying so many extra things for her car and now she doesn’t even use most of the extras the sales guy sold her…
Be prepared!
"But you just so charming" 😂😂😂
“Why is the payment so high”
“Idk” 😃
“It DOES matter”
The GLARE
As a Navy Federal member, I am SO upset I didn't do this shit when I bought my car. For fucks' sakes.
Damn you can have them fix it
Just get a refund. Did you keep your reciept?
@@rubymargaritais5657 I'm 3 years deep into a 6 year payment plan 💀
My last 3 cars were pre-approved with NFCU and the last two were Teslas. In and out the door in 30 minutes is awesome.
You can refinance and possibly get a better apr
I need more. Got me right in the feels.
So accurate goodshit
In 2013-14 two dealerships insisted I needed to get a credit report run by them before they can sell me a car because they wanted to compete with Navy Fed’s rate. At the third dealer I let it happen because I found the perfect truck for me and they got me a few points off my Navy Fed rate but before I moved with the sale, I called NFCU one more time, told them I was at the dealership and what they offered and they gave me an even better rate! The salesman knew they couldn’t get me anything better 😆
That's exactly why I froze my credit before I went to the dealership with my pre approval! Those dealerships scandalous! Y'all should've saw his face y'all! 🤣😂😂🤣🤣🤣 Priceless
1. Go to stealerships with pre-approval checks or Cash.
2. Haggle over Out The Door Price.
3. Don't let them shotgun your credit to 10 different banks.
4. Give them the middle finger as your drive off.
How do I go about locking my score? It might sound like a dumb question but it’s my first time doing this. Thank you.
@@NewMarley3create an account with each credit bureaus and freeze each one. Lock & unlock as you need too when applying for financing.
Did you know that the dealership will not tell you about their military discount unless you ask? EVIL!
Y’all gotta be smart. You gotta play the haggle game until you get that price down. If you start with “I’m pre approved”, you will be screwed!
“Just finance with us, man” 😂
As someone whos barely 20 and has NO experience with dealers. Wtf does this mean😭 ive heard of this before but what does IT MEAN
Dealerships offer competitive interest rate that ends up being irrelevant bc they will tack on additional charges that are pretty much made up and payment under their terms. In short it is in your best interest to consult a bank or credit union on pre approved amount with lowest interest rate. Never tell the dealership that your pre approved until you get the best out the door price with minimal down payment. I hope this helps you understand I don't want anyone taken advantage of by these sharks. It is confusing. The dealer has his commission as his best interest.
Agree with the comment above, basically dealerships make a ton of money off of getting you to finance through their partner banks (usually either like bmw financial for bmws, Volkswagen, etc). When you don’t finance through them, they make less commission on the sale. When they offer things like 0% financing, the cost of the total sale is generally much higher than the sticker price of the car so you end up paying the same or more than you would have if you got Third party financing
Basically it comes down to always get pre approved from a credit union and when you negotiate sale prices always negotiate the "out the door price" and not the monthly payment.
Example. I just bought a jeep. I am pre approved. Buying a used vehicle. Went to dealership T and they were asking for 34k. I asked for the vehicle at 30k with tax title and license included. (Always ask for ttl included) they said it wasn’t possible. Showed me numbers and their tax title and license fees were over 3k. I walked away since they didn’t want to negotiate their added on fees.
I went to dealership H and asked to make the same deal. The fees were 1,800. Essentially they removed all the unnecessary fees for them to be able to make the sale… I was in an out within 1 hour. Easiest transaction ever. Always go pre approved you hold more power to make a purchase.
Also with Navy Federal they just do a questionnaire and I guess compare it to your transactions. Got pre approved in 10 mins. No need for pay stubs or any other information. Q
If they start running your credit at the dealership make sure you bring a full month of paystubs and be ready to explain debt to income ratios. And time. It is time consuming. Could be a one day deal or a couple of days deal..
As some one who is 26 and just bought a car from a dealership 2 weeks ago a dealer will give you a ridiculous interest and throw on random fees to jack the price up. Pre approval is when you get an offer that has interest and a set price and dealership wont make money off of you because they wont be able to jack the price up. To summarize it all up a dealership is trying to sell you a loan not a car. They get cars at MSRP and mark up the prices to make profit. You try to get the car as close as MSRP and youre reducing their profit which saves you a couple thousands from a pre approval.
As someone who works in sales be careful about those 0% interest loans, they’re usually deferred interest loans that remain at 0… until you reach the end of the term length. After that point, any remaining amount owed is usually hit with a 25-30% APR until you pay it off.
2.54% rate from my credit union but you bet your ass them skeezy mfs at the dealership still ran my shit to come back with a 4% rate smh
Navy Federal for the W. 🔥 🚢 🦅
Say it wit cha chest! I’m pre approved! 😂😂😂
Bro that happens they give you $43k but then markups, dealership add-ons that say “there already on the car” naa fam they will still tax you hecka bad
I learned from my dad never go anywhere if you aren’t already pre-approved
Bro tha cred unión had me PRE approved at 2.75% 🤩🤩
I went through Navy Federal when I bought my new Toyota in July. Got a 4% interest rate. I guess my military service finally paid off😂
buddy aint playing
Stand your ground brotha. These dealerships be robbin’ and stealin’!!!
I just went through this with a dealership , got a lower rate offer but the payments per month were more and they added 6 months to the contract.. If the numbers don’t add up, just walk out
I dont have a credit score... And its funny going through all the BS and then doing a cash deal 😂
Never go in with the prequalification. A preapproval is a promise, a prequalification is not.
“Toodaloo” 😂
I bought my truck at carmax and then returned the next day with a check from my credit union and walked out with the title. Next time, I'll get pre-approved.
I will admit, this video is quite humorous. Great job guys.
I'm seriously tempted to take that pre-approved part and meme it
I did this on a scat pack! The finance manager told me 1300 a month. Lmao, Navy Federal said leave, and we help me find another one. They been texting me ever since!
car dealers really hate it when you finance with navy federal lol
why
Probably because they will not make as much money off of you. Especially when they try to sell you additional items like extented warranty. @@jonathanb.1215
@@jonathanb.1215 They'll bring your apr down as low as 4% which is really good because some dealerships are pushing their luck with 20% or even 25% in some cases.
I worked there. Sat at that exact same desk lmao
My experience was different. After I told the salesman I was pre-approved he stated"well there is no need to pull your credit for financing". He even told me that it's the last day of the month and he wanted the sale. Quickest car buying experience ever. Oh yeah PenFed
NFCU had the sales manager I was dealing with pissed tf off. Didn’t want to answer any questions, didn’t want to look me in the eye, didn’t even shake my hand 😂 god forbid I don’t pay you’re crazy ass financing and got a better deal through a credit union for being a member.
Sidenote: the new vehicle was for my me and my wife’s baby we were expecting. The dealerships idea of helping me out was having me put an extra $7500 down to get me where I wanted in terms of financing 🥴
Good thing I'm USAA. I'm not like those Navy Federal dudes 😂
Ewww Navy Federal! Usaa all the way! 💪🏾
@@mjasso1001can’t go wrong with either but after having both, I feel NFCU has gotten better than USAA.
Navy fed as of right now has better rate than USAA. Even better will be if you live in Massachusetts and use Central One Federal Credit Union
USAA 🤢
USAA has a 50k auto loan cap, navy fed is like 100k+ maybe no cap at all.
Also USAA has to get a pre-approval from management of 50k or more on auto insurance payouts.
Why do I know? Some idiot rear ended me and totaled my car cause he was too close when the car in front broke down on the highway.
What I do is tell the credit union to give me a letter for a certain amount of money, then Im dealing with price.
buyer should already have calculated the max payment at that amount of money, I never use the full amount of money I asked for, its just a cushion, just incase.
sometimes the Dealer can Beat the credit union, up to buyer if they want to pursue that or not.
The credit union can be convenient, cause easy to add extra payment from bank account to loan account, and pay off ahead of time.
You tell them that afterwards 😂😂😂 they give you the price.
Also, never tell your salesperson you’re pre approved, only speak finance with finance
“Tootalooo” 😂
this was absolutely so funny!!! make more
I’m only interested in the rate. Buying a car just off the monthly payment is just bad money management.
Thats actually good handwriting
Car dealers are such scum if you ever get bored go into a dealer and just waste their time for 6 hours its actually pretty fun and you're taking money out of the salesman pocket because the time he's wasting with you (someone with no intention to buy) he could have spent scamming someone else
Nissan got a sell a thon right now
It does matter but not with the dealership. Just between him and his bank.
Pre approved for what amount and what interest rate?
25,000 will have a differnt payment than 30,000 , and the time line will effect it also.
The dealer still has to deal with the Credit union, transferring funds.
So its not like , Im pre approved give me my car, what a FOOL! LOL!!!!
True, but you can save time by not having to fill out the credit application if you like your credit union rate & terms. Always get pre-approved for more than you will need because ultimately the loan will only be for the out-the-door price minus your trade and/or down payment. For example, if you are pre approved for $50k but the bottom line is $42k, your loan payments will be based on $42k.
Car salesmen get angry with preapproved cause they make less from the commision off of the sale but either way it goes you finna takes this check or ima take it back and go somewhere else
Navy Federal + COSTCO
Really? Is that a good combo?
@@raiden1788 your mileage will vary but I was able to get $2k under MSRP and a good rate
Is he giving me tips to my benefit or detriment?
benefit, always have a leverage.
Get the out the door price before you tell them you have financing. #trustme.
what does it mean to be pre approved
You have a pre approved auto loan from your bank or credit union. So you don’t have to finance with the dealership.
@@Krypt1ckai ohh thanks my boy
To hell with sales man definitely trying this next time
I’ve done this like 5 times 😂😂😂
If a dealer really wants to play that monthly payment game. Let em. If you ran your credit recently then the dealer running your credit again won't really affect it much. IF they beat your credit unions rate great. if not then just negotiate it out. Do the math on the monthly and look at any bs fees they might tack on. Be ready to walk out. Unless its a unique car as in limited production and you really want it. Another dealer got that car.
yo this my 3rd video i seen with you. you should be in a prop desk bro. trus me
This only matters if the salesman does the financing too.
@2:24 😭🤣🤣🤣
i pay cash i walk in write a check
Lol this guys never bought a car
@@Malchiar010695 actually i did paid cash.. thats what writing a check is.. never be on the hook for payments
@@Malchiar010695It's a lot smarter to buy used and pay cash than finance a depreciating asset
@@Malchiar010695😂😂😂😂
@@Malchiar010695maybe not at stealership. I only buy cars cash my last car I paid 13k cash for my 2019 mini Cooper S countymen and on my RV I also paid cash 17k. Im good with my money none of it hurt me to spend because I managed my finances and worked it into my expenses the only thing I paid monthly on is my insurance and that I pay in the month increments. I am very busy and always forget to make payment's and I prefer to do it this way so I can save up more in the long run I know it's bigger chunks but like I said it's already managed in my finances and overall I make way more then I spend.
USAA IN MY BACK POCKET 😂😂😂
I got navy fed and 820 credit score
Hey y’all I’m new to this whole “adult” thing and have no idea wtf is goin on in this interaction. Can someone explain what pre approved means? I really wanna know
pre-approval is when a lender looks at your credit and basically says "if you apply for a loan for this amount we will give it to you"
36 months 🤣 spending 17 k a year on a car 😅
This is me forreal
Lol the dealers CANNOT beat Navy Federal.
Car salesman are so sleezy. Bunch of con men. Never finance through a dealer. Amd don't be afraid to tell them to screw off
i fucking wish i did this
Tooda loo 😂
Actually he’d be better off with the 0% interest at 45k 😂😂
But the payment term was a lot shorter, meaning his payments would be astronomically higher
@@SanguiniusIsDad Monthly payment means jack squat, out the door price is higher.
Say he took the lower monthly payment. He’s then in that car for over 48 grand in a term of 5 years, whereas if he can make the higher payments he can get the car 3,000 dollars cheaper and have it paid off in 3 years. If he takes the lower monthly payment, sure he can more easily make the payments but he is still paying more in the long run. Net-loss is higher with the longer term loan just due to simple interest, even if you pay it off early.
Out the door $43,999, interest of 3.99% term limit of 60 months, total interest paid is over $4,500. Total price paid is $48,607.60. 45 grand with no interest is 45 grand, doesn’t matter how you cut it.
not really, 0% intrest with a high monthly payments would make you lose more money that you can potentially save on from a pre-approved numbers.
Navy federal 😂
Lol
Definitely do not act like this. Be smart not a douche.
Correction. Definitely don’t act like this if your sales person is legitimately trying to help you. In this instance, you could tell he was annoyed by the fact he went through NFCU, and ran his credit for no reason 😂
Yea, you walk into my dealership being this much if a douchebag, your golden check better be worth 10k over MSRP or you can buy a car somewhere else. Respect > Money
Yea alright 😂
“Respect > Money” meanwhile dealerships will fuck over their customers in a heartbeat if it means getting more money out of them.
Screw you and your dealership, all y’all are out for your damn selves. You don’t give a fuck about giving someone a good deal. Here’s this 100k mile used car. That’ll be $18k
God forbid a customer walk into your dealership with no intention of losing their hard earned money to predatory sales practices.
Ain’t no way the algorithm is deleting my comments
Thanks for educating me 🫶🫰