Purchase help F150
Elder User
Joined: Oct 2016
Posts: 706
Likes: 6
Dealers make money on financing but you lose money with the interest. Usually in order for the dealer to get that kickback you need to keep the loan for at least 6 months. At that point the incremental better deal is not worth the interest you will pay or they are a wash.
Fleet Mechanic
Joined: Feb 2015
Posts: 1,666
Likes: 111
From: southwest missouri
If you don't need to buy a truck but just want one then I would wait and put the money away that you would use as a payment then buy with cash. I know that's not the American way but that's what I did as most things we DON'T need. It feels good going around in paid off vehicles I know a lot of folks can't do that but once you've done it you won't borrow money again..Good Luck in what ever decision you go with. I enjoy my truck.
Elder User
Joined: Dec 2007
Posts: 757
Likes: 1
Dealers make money on financing but you lose money with the interest. Usually in order for the dealer to get that kickback you need to keep the loan for at least 6 months. At that point the incremental better deal is not worth the interest you will pay or they are a wash.
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Cross-Country
Joined: Jul 2009
Posts: 92
Likes: 10
Bought it Sat, my own financing. Beat him up a little, but found out before going 1) it was only there for 11 days 2) there was no other lariat there, and 3) the other truck I was bending him over was sold Friday night. I must have forgotten to tell him that........................
Tks for everything!
See my 94 stepside for sale on here
Tks for everything!
See my 94 stepside for sale on here
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Cross-Country
Joined: Jul 2009
Posts: 92
Likes: 10
Yeah, it's a nose bleed after my 2WD once I get in. Has running boards, but my fat butt will probably rip my jeans.
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