Banks will give certified checks, the same as if you were paying. They may not support direct financing from a bank. For example Bank of America has dealers subscribe to their network. They get a code transmitted to them with your financing information. You sign the papers and go.
Just did it again today after visiting all the dealers with EV competition. My wife commented that she doesn’t want to deal with them ongoing. I said M3 for you.
Be careful. You don’t think these sharks, that do this day in and day out, thought of that? You gonna read all the fine print and make sure that path won’t cost you?
If I would have paid it off early I would have been nicked the $500. It was in the contract. I went in with eyes wide open. Still a net plus for me.
Dealers get a kickback from the financing companies they use. I think they can, in fact, not do business with you if you don't use the form of payment they specify, on the other hand, you don't have to do business with them either. This certainly isn't going to create good will with their customers long term.
I don't understand the problem with this. It is basic economics. Supply and demand. In case you didn't know MSRP stands for "Manufacturers Suggested Retail Price". The key word is "Suggested". How many cars sold for MSRP before the shortage? You never negotiated a discount? When a dealer has few cars to sell how are they supposed to keep the doors open? Ask their employees to take a 30% pay cut?
I would agree if there was only one dealer. I'm not married to a brand or a dealership. If a dealership can't deliver or is trying to charge me more than the MSRP I'm just going to look elsewhere. There are options. Maybe I won't get exactly what I wanted, but at least I won't get screwed by a car dealership.
Shop around for a better deal? So you are embracing the free market system.
