i read on a website on a car dealer page and one of the ending year incentives is $1000 customer cash for one of their new cars..what does this mean? does it mean i have that added to my down payment?
2006-12-21 03:06:14 · 18 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
yeah right,eat me alive.i don't want a car that badly to be ripped off for one
:D
nothings worth that much to me,especially a new car.
2006-12-21 03:11:23 · update #1
It's a way to get people into the dealerships this time of the year. Usually it is $1000 off on the total price of the car.
2006-12-21 03:15:27 · answer #1 · answered by Sasi D 3 · 1⤊ 0⤋
They add $1000 dollars to the loan and you get $1000 cash. This might seem cool but they are already charging you ridiculous interest as it is. (They get more money out of you in the long run for doing nothing.) Don't forget that a car sales man's job is to dupe you out of as much money as possible. (Whether they want to admit it or not.) There is no such thing as an honest car sales man in the U.S. Now here on Okinawa it's different, no interest loans that actually have NO interest...it's great! Yours truly,
Mervin DePervin
2006-12-21 03:15:54 · answer #2 · answered by Mervin DePervin 2 · 1⤊ 2⤋
Retail Customer Cash
2016-12-16 09:45:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The correct answer is that it is a come-on to get you to buy the car. They are overstocked on new cars and want to move them. The $1000 is generally already built into the price of the car. They will offer you the choice of taking the $1000 off the price (most people take this option), or they will write you a check for $1000 after you've bought the vehicle. But you aren't getting free money, or any special deal. The $1000 has already been built into the price. The only way to get a real price break is to negotiate with them on the cost of the car, and/or the value of yor trade vehicle if you have one. Hope this info helped.
2006-12-21 03:16:56 · answer #4 · answered by answerman63 5 · 5⤊ 2⤋
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Yes. You received a "spot delivery", a very common practice at all car dealerships. When you buy a car at a dealership, we are the middlemen between you and the banks. We are not the finance company, and we do not approve or decline loans. What does happen is we look at your credit application, credit history, work and residence history. Based on those factors, we make an educated assumption as to what terms we can get you approved for. You go through finance and sign all the documents. Within the finance contract, there is a clause that states all agreements are contingent on lender approval. Typically, its on the back about halfway down. Once you sign, we start working with our banks to try and get the contract accepted. Since we send many contracts to these banks, we often have more bargaining power to get edgy deals approved. Ultimately, though, it is up to the banks to make a decision, not us. They will make one of three decisions: 1) Approved as written. That means they accept the contract we presented, as we wrote it. No changes are necessary and everyone wins. 2) Declined. This is exactly what it sounds like 3) conditional approval. This means they will approve you, but not on the terms we have sent them. They may want a shorter term, more cash down, lower price, higher rate, or any other changes to the contract in order to approve you. You have the option to accept those terms and keep the car, or refuse them and return the car. Contrary to the reactionary outcry from the less-informed, this is not something we ever want to do. Our preference is that all contracts go as-written. We dont want to waste all our time trying to get a contract approved, only to have it unwind at the end. Blame the credit crunch, the terrible economy, and the record number of repos. But banks have drastically tightened their loan requirements. Some are changing them almost weekly. Its more and more difficult to know what one bank will or will not accept. I had a gentleman with an 803 score that I had to pull teeth for the bank to accept.
2016-04-04 03:09:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋
very possibly. I would say no finance, no car. if they are fool enough to let it go, then it's up to them to organise the agreed contract/fund it themselves. i would never have returned the vehicle without knowing I would get my money back, and my trade in. you didn't steal the car, they said take it. If they said take it pending finance, then your'e a fool for accepting the offer, because it was possible that it could go bad. o'wise They should wear the mistakes. I think they realized it was a cheap deal, and just wanted the car back to make more on it. I'd be talking with the finance company to see who's BSing who. BTW why aren't you getting your own finance, theirs is always dearer, and sometimes dodgy. do you still have your copy of the papers and contract? I might also consider legal options for retribution.
2016-03-13 09:20:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The 1000.00 is not built in to the sticker price of the car. The mfg doesn't make any more money than invoice for the car, from the dealer. Customer cash is simply a tax deductable discount given by a manufacturer to the consumer. It's nothing bad, it's a good thing. Instead of the car being 24000 for instance, it's now 23000. And, you still have to pay tax on that 1000.00.
2006-12-21 06:39:52 · answer #7 · answered by jay 7 · 0⤊ 2⤋
A $1000 allowance to upgrade the car's features.
2006-12-21 03:15:04 · answer #8 · answered by Tabulah Erassa 3 · 0⤊ 0⤋
They'll give you $1000 cash to buy a car from them.
2006-12-21 03:08:18 · answer #9 · answered by capnemo 5 · 0⤊ 2⤋
No, it means that they are taking that much off of the price of the car when you buy it in cash. They might also offer 0% financing if you get a loan for the car.
2006-12-21 03:08:38 · answer #10 · answered by kaliroadrager 5 · 0⤊ 1⤋