The mistake I made was not just getting the bill of sale, and taking it to
my CU to start with........
I finally just decided to go to my CU after the dealer screwed around for 2
weeks trying to get a loan approved that made sense.........
Trouble was, they had already put me in the Dakota while trying to get
financing.
I'd been driving it for 2 weeks without having the financing approved when
the dealer called telling me we had a problem.
I had to go back to the dealer, get a proper bill of sale done that I could
take to my CU..........
24 hours later my CU handed me a check for the balance owed on ithe Dak.
I took it to the dealer who was trying to get me to sign for the ludicrous
loan that they had gotten approved for 15%, I'd guess that someone was
getting a big commission on that loan.....
you all should'a seen the look on the woman's face when I told her the loan
was insane and that I'd just pay cash instead
......and handed her the check!
of course I paid that loan off in 8 months after I sold my '68 Charger.....
Ron-
Performance consultant
Muscletrucks.net
----- Original Message -----
From: "andy levy" <andylevy@yahoo.com>
To: <dakota-truck-moderator@bent.twistedbits.net>
Sent: Thursday, June 19, 2003 7:11 PM
Subject: Re: DML: Re: Re: Re: Figuring out a VIN#
>
> scsilverdak wrote:
> > The dealership I dealt with was the DAY automotive group .....
> >
> > I gave them 2 chances to give me a good deal on the percentage rate and
all
> > they did was try to shaft me with % rates .
> >
> > The final time I gave them resulted in a
> > rate of 15% and I told them no way in hell.......
> >
> > and a payment of almost $500.00 a month....
> >
> > (this was back in Nov '00)
> >
> > Before all the lower rates and factory incentives.
>
> Even considering that, those rates are ludicrous unless you've got one
> of the worst credit ratings on the planet. And even then it's high.
> Consider that mortgage rates, usually far above any other loan for
> purchase of a large-ish asset, were lower than that back then. And I
> got under 7.5% from a bank when I bought my first truck, still in
> college, in March '99.
>
> > But I'll never use the dealers finance dept
> > again on a purchase like this.
>
> I wouldn't swear off all dealers, just that particular group.
>
> > it also seems that certain area's are prone to financing company's with
> > varying % rates .......deals can be had in some lacations and not
others.
>
> Depends on how much work the dealer is willing to do for you. Mine said
> they check through a dozen financing providers to see what rates & terms
> they can get for their customers.
>
> --
> -andy
>
> http://home.twcny.rr.com/andylevy/ --- andylevy@yahoo.com
> --------------------------------------------
> "Whatever Adam does, do the opposite and you'll be fine"
> -Bob Tom
> --------------------------------------------
>
>
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