Hey fellas, I got a thing in the mail from my dealer and it's an incentive thing stating that if I trade my 07 in on an 11 they guarantee my payments will drop with no money down! With all the transmission problems I've been reading about I'm just alittle worried about the 11's. So what do you all think???

 

That's more or less just a marketing scam. They can always get the payments to drop if they extend the loan long enough. If you don't mind paying a slightly less payment for 15 additional years, then I would say it is a great deal!

 

I would at least entertain the idea.. go and see what they have to offer, you never know! it can be done you will just start your payments all over again, thats the only down fall i can think of.

 

Definitely go out and see! I've just seen this scam all too many times at the dealers near me. Back when I had a hyundai sonata, a dealer sent me an offer to buy my car and lower my payments to $199 on a new sonata. It even said in bold letters "not a lease!". Well I'd be stupid not to do that. So I went out there and it turned out indeed being a lease. So for 4 years, I'd be paying $199 for my lease. After that, I could buy the car and finance for 6 years to get back to the $199 payment. So I'd be paying $199 a month for 10 years!!!!

 

Obviously just pay attention to not only the payment, but the term length as well.

 

I always get a kick out of this when buying a new vehicle. Nothing is EVER how its presented, at least without having some type of random small print. Ever notice how a car dealer will jack up the prices every year and then just add in another rebate? Well, take a moment to read the rebates....military rebates, recent college grad rebate, lease loyalty, yada yada. Its because 85% of people won't qualify for any of the rebates. I laugh when salesman ask me what I want my monthly payment to be. You can say $10 and they can make it happen, sure for 367 months at 37% interest. I always just say, I want to get a bottom line out the door price FIRST and then we can talk other numbers. Don't be another sucker. Calculate the payment they offer you and add it up. Most of the time the first one they present will be double the amount of the car by the time you pay it off. Sure, your going to pay interest unless you have cash, but look closely at what you are really paying. Dealers will say anything to get you in the door.

 

You want a new truck? Sounds like you are out of warranty, may be a good idea. My 2011 is flawless

 

Ya know, I just recently received a similar call stating that they could guarantee a lower monthly payment. I told the sales rep; "Okay, I bought my truck CASH. Does this mean that you'll pay me each month being I have no monthly payments?" He hung up. lol

 

I too laugh when they ask me what payment I am looking to get to. My all time favorite move is when they come back and say, "well we can get to that payment, we just need you to put X amount down." I usually respond with "and if I put the entire amount down, I wouldn't have a car payment at all!"

It is for ploys like this that I always tell dealers that I intend to pay cash. That way I can deal in final price and get a better deal because I actually know what the true numbers look like. Only at the last second do I say that I would consider financing and that I might also have a trade-in that the deal is going to hinge upon! Lol

 

Talked to the dealer and the deal is real but I owe more on my 07 than what trade would be. Oh well I really didn't wanna new truck