I haven't bought a car in a long time and have no experience with cash back. Depending on when you get the cash back (if it's immediately) then the cash back deal will be better IMO. The dealer paid for some of the down payment (if you put some down). That extra $1,500 can be compounded 10% (7%-8% with inflation). F the car. You can compound 30K! Decisions, decisions ;-).
What about a lease buyout? If my residual value is about $13k and I have that money all cash, is it better to buy it in full since I have the cash available or you recommend getting a credit union involved for financing? I have 2018 Prius and I want to do a lease buyout. Would the Toyota dealer be willing to still negotiate a lower price ($11k or $12k) with me if I mention I want to buy in full? Would they be more inclined to accept my offer since they’d rather have me purchase it than them trying to re-sell it at auction or online?
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You are the best in explaining the different scenarios!!! Thank you for this video ! 🎉
Never thought of it this way, this video well help when I plan on buying a car now. Thank you!
Glad to help!
Great video, easy to understand. Keep up the great work!
Thanks
Thanks for the video! You read my mind😂
No problem!!
I binge watched all your videos yesterday. Keep them coming! Hahaha
lol. thanks for the support!
@@MillennialFinance101 Thank you, because nowadays this world is a shark tank, and you are showing your viewers how to defend ourselves!
Good job with your comparison
I haven't bought a car in a long time and have no experience with cash back. Depending on when you get the cash back (if it's immediately) then the cash back deal will be better IMO. The dealer paid for some of the down payment (if you put some down). That extra $1,500 can be compounded 10% (7%-8% with inflation).
F the car. You can compound 30K! Decisions, decisions ;-).
Cash back is instant for cars :)
Not gonna lie... the excel usage is what brought me to this video... lol ^_^
lol it's so basic
What about a lease buyout? If my residual value is about $13k and I have that money all cash, is it better to buy it in full since I have the cash available or you recommend getting a credit union involved for financing? I have 2018 Prius and I want to do a lease buyout. Would the Toyota dealer be willing to still negotiate a lower price ($11k or $12k) with me if I mention I want to buy in full? Would they be more inclined to accept my offer since they’d rather have me purchase it than them trying to re-sell it at auction or online?
I have no experience with this! Sorry!
I think it’s better if I got a pre-owned Camry for like 20k with 3% interest or even 5% than to owe 30k 0% new car.
Used car is always better than new lol. Replace the word used with huge discount.
Omg dude I was just on Toyota because they have the 0% for 5 years for new Camry’s.
Be careful!! Lol
Got a 2021 Prius at 0% from a dealer who only sells at MSRP, no mark up.
oh cool thanks for explaining, cash back is better
Is it smart to refinance a car?
How did you get $501.29?
that's the payment for a 2.14% on 28,500 for 60 months
What is interest????????
Cost for borrowing money
is Digicars legit or scam, what are your thoughts? Tnx