I've read in here a lot of negative stuff about that question. I'm looking for tips in negotiating with the dealer. (Although, there may not be any negotiating on a GT).
What is so wrong with this question? In other words, all factors, including Sales Price, APR of loan, months of loan, all affect the monthly payment.
Here's two examples:
$32,000 @ 60 months @ 6% = payment of about $620
$33,000 @ 60 months @ 4.75 = payment of about $620
.....and so on.....
So, what is wrong with negotiating the Monthly Payment as long as the term is the same. Wouldn't you be willing to pay more for the car if the interest rate was lower to end up with the same payment. Likewise, wouldn't you be willing to pay a higher APR if the sales price was lowered (or your trade-in allowance was increased to get you the same payment?
Any tips or links of good places to go on the net for negotiating tips or any web forums where this is discussed.
Thanks for your input.
What is so wrong with this question? In other words, all factors, including Sales Price, APR of loan, months of loan, all affect the monthly payment.
Here's two examples:
$32,000 @ 60 months @ 6% = payment of about $620
$33,000 @ 60 months @ 4.75 = payment of about $620
.....and so on.....
So, what is wrong with negotiating the Monthly Payment as long as the term is the same. Wouldn't you be willing to pay more for the car if the interest rate was lower to end up with the same payment. Likewise, wouldn't you be willing to pay a higher APR if the sales price was lowered (or your trade-in allowance was increased to get you the same payment?
Any tips or links of good places to go on the net for negotiating tips or any web forums where this is discussed.
Thanks for your input.