Unbelievable deal

[scootr]

Bought a used machine off a dealer once. They offered $5k off to take the then 15% finance. Upon inquiry I learned there was no prepayment penalty.
I took the $5k discount and the horrible finance deal. 2 months later I paid the loan off. Thank you very much

 

[caver]

Back in the 90's I said I would never buy a new pickup again. Well 2015 I ate those words as people wanted crazy money for used trucks. It was a plain Jane truck F250 XLT 4x4 with regular cab. Ford had discounts if I financed through them with no penalty but more than one dealer said make a few months payments then you can pay it off. Ford credit said you can pay it off today before the first payment is due. So I did.

 

[LittleBill21]

The Amazon Prime free shipping is a bargain even with the annual fee if you order a lot of items over the course of a year. The price is no higher than other sellers who don’t include shipping.

absolutely not true. I switch between multiple amazon accounts daily and routinely see different prices for prime, then for 3rd party sellers.

 

[FullMetalBucket]

Bought a used machine off a dealer once. They offered $5k off to take the then 15% finance. Upon inquiry I learned there was no prepayment penalty.
I took the $5k discount and the horrible finance deal. 2 months later I paid the loan off. Thank you very much

Cash is no longer king with vehicles. I use dealer financing as a way to get money off. Then I just either pay it off or refinance in 2 months to a credit union which usually has better rates. That being said I paid cash for both my tractors because they were already priced as low as they were going to get.

 

[jyoutz]

absolutely not true. I switch between multiple amazon accounts daily and routinely see different prices for prime, then for 3rd party sellers.

The differences are minor, but paying shipping for third party sellers is more expensive overall.

 

[jyoutz]

Back in the 90's I said I would never buy a new pickup again. Well 2015 I ate those words as people wanted crazy money for used trucks. It was a plain Jane truck F250 XLT 4x4 with regular cab. Ford had discounts if I financed through them with no penalty but more than one dealer said make a few months payments then you can pay it off. Ford credit said you can pay it off today before the first payment is due. So I did.

I never pay cash for anything if the finance cost is less than I can make investing my cash. I like to hold on to cash. Payments are just another deduction from my paycheck and those come and go every two weeks. Meanwhile the cash stays invested.

 

[LittleBill21]

The differences are minor, but paying shipping for third party sellers is more expensive overall.

they are absolutely not, they completely build the shipping cost in. Its not all the time, but I routinely see it. I have seen it at least 10 times in the last year for certain items. generally not, but I usually see it on larger ticket items

 

[Tinhack]

Are there any tractors left? I'm ready. Is it only certain models--Bare bones or the entire line. I want a cab with loader.

 

[caver]

I never pay cash for anything if the finance cost is less than I can make investing my cash. I like to hold on to cash. Payments are just another deduction from my paycheck and those come and go every two weeks. Meanwhile the cash stays invested.

Grok says: Paying cash for a new vehicle avoids interest and debt, saving money long-term, especially if you have the funds without depleting savings. Financing can make sense if you get a low interest rate (like 0-2%) and invest the cash elsewhere for a higher return, but it risks depreciation and being underwater on the loan. Consider your financial situation: if you finance, ensure payments fit your budget and prioritize a shorter loan term to minimize interest. Data shows new car loans average 6.5% interest over 68 months, adding thousands to the cost. Cash is simpler and safer if you can swing it.

 

[jyoutz]

Grok says: Paying cash for a new vehicle avoids interest and debt, saving money long-term, especially if you have the funds without depleting savings. Financing can make sense if you get a low interest rate (like 0-2%) and invest the cash elsewhere for a higher return, but it risks depreciation and being underwater on the loan. Consider your financial situation: if you finance, ensure payments fit your budget and prioritize a shorter loan term to minimize interest. Data shows new car loans average 6.5% interest over 68 months, adding thousands to the cost. Cash is simpler and safer if you can swing it.

But if my cash is earning 6-10%+ and the financing is zero or less than 6%, it doesn’t make sense to spend the cash.