anthony2558 said:
OK OK I'm sorry but this will be my last post on this subject (bang) I know im beating this to death (confused) .....What do you think my chances are of getting a 2005 M3S for 500$ over invoice when they come out????
Do you want a 05 or 04? Does it matter?
If not then simply tell the dealer what you want to pay, not monthly payments but total. Don't say anything about invoice. Worst case is they say no. If this happens leave your contact info and tell them to call you when they are ready to sell a car. When the 05 are out, they may call you up. Do this at a view dealerships.
When you finaly get the call or get the price you want, don't mention financing until they have writen up most of the paper work. Also, be sure to have checked with a local bank and even better a credit union about what rate you qualify for. Wait for them to come back with what is likely to be a higher then resonable APR. Be aware, the dealership makes money off of you this way too. Knowing what rate you should get, you can tell them to (stfu) and go back and get you a fair rate. Tell them you have already qualified for a lower rate loan. Hell if posible, get everything together for a loan before you even go in there so that once the price is decided you don't have to deal with the dealers BS.
Its not uncommon for a dealer to try and sneak in an inflated monthy payment even once your APR is set so bring a chart that breaks down the monthy payment of loans. I have a book that is just loan tables that I bring with me so I can be sure they aren't messing with me.
Finaly, be sure to check over everything they hand you that breaks down the price your paying, down payment, APR, loan amount, and total loan amount with interest.
