Re: Experience at Honda dealer
In article <1133027877.542821.99620@g47g2000cwa.googlegroups. com>,
"pichula" <kansas4451@yahoo.com> wrote:
> 6) At about 9:00 PM (they were already closed but there were still a
> few customers finalizing their deals), I was tired but happy when the
> manager brought the paper work describing my monthly payments. Let me
> say that I have very good credit (over 700), and the manager told me he
> was going to run my information with about 15 banks and get me the best
> deal. Not true, he got me financing with Honda. How can he run my
> information with 15 banks and come with a loan from honda financeing?
> Maybe I'm missing something here. Anyway he got me 6.6% interest which
> I consider too high but I still accepted. Maybe I should have got the
> loan with my credit union.
You should never, EVER buy the money from the same guy who's also
selling you the car.
Then you compounded your error by adding your trade to the deal. You
should never, EVER put the trade and the new car sale into one deal.
You have three transactions: new car sale, old car sale, and money
sale. Letting one guy quarterback all three of them is crazy.
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