If you were to buy it for 50 out the door 6.99@60= 9,389.20 in interest BUT that's if you were to keep it for 5 years. Most of the interest would be paid in the first few years so 0% sounds better IF you plan on keeping the car more than two years. Also with 0% you shouldn't put any more money down than you have to to get the payment where you want it. 0% is free money why not? Just my .02
If you get the $4k back, what rate are looking at and how much downstroke? Figure how much total cost you'd have going both ways (i.e. that way vs 0% way), ignore the time-value of money for a moment (since inflation is low and rates are reasonable), and compare the two senarios. Voila! There's your answer.
downstoke? You have been in the car business or something? I have not heard that term since I left the car business years ago. Agree with rand49er Total cost of ownership after financing vs how long you plan to keep the car
If you have a high dollar trade to pay for a large chunk of the car then take the rebate. If you're financing a large percentage of the car and plan on not paying it off quickly OR have an investment that you can put the money in that will yield a decent return, take the financing.
If you're anywhere near Florida, let me know what color car you want and I'll make you a great deal on one. :thumbsup:
I can't PM yet - 10 more posts to go and I'll be good!
Is it a code or a coupon of some sort?
I could wait until Dec 1. if it's worth something.
I've heard mixed reviews about these "supplier" discounts, where people actually get better deals without them.
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