[ham340]

Originally Posted by SpeedyATL

So I pushed back against this idiocy and my ca is waiting to hear from management. To me this amounts to changing our deal (after i have 2+ months invested) since this was never mentioned to me. She also said it was a new policy so that cat is out of the bag.

These dealers are making more money than they ever have and they feel the need to add this on....

My dad had a saying that we both have tried to live by...."pigs get fat, hogs get slaughtered." Perhaps dealers should consider this approach as karma is a bitch.

Glad you pushed back, make sure to keep us updated on the outcome.

[springerdrive]

Originally Posted by AtticusHoy

It's their car and they certainly have every right to say that will only sell it to you if you finance—just like you have every right to say go pound sand.

So you're suggesting that they have every right not to sell you the car if you pay cash? What if the buyer's Uncle Bunky gives him a personal loan to buy the car and he walks in with a certified check? No sale? That's just ridiculous.

[AtticusHoy]

Originally Posted by springerdrive

So you're suggesting that they have every right not to sell you the car if you pay cash? What if the buyer's Uncle Bunky gives him a personal loan to buy the car and he walks in with a certified check? No sale? That's just ridiculous.

As long as they aren't discriminating against you for being in a protected class then they can choose not to sell you a car for any reason.

The system has always worked this way—there was just typically ample supply, volume and competition to keep it in check.

[AtticusHoy]

Originally Posted by SpeedyATL

So I pushed back against this idiocy and my ca is waiting to hear from management. To me this amounts to changing our deal (after i have 2+ months invested) since this was never mentioned to me. She also said it was a new policy so that cat is out of the bag.

These dealers are making more money than they ever have and they feel the need to add this on....

My dad had a saying that we both have tried to live by...."pigs get fat, hogs get slaughtered." Perhaps dealers should consider this approach as karma is a bitch.

It's a really shitty policy, and good for you for sticking up to it, but at the end of the day it's just a single business transaction (in a sea of transactions) to them. If you don't buy it with these terms then they're wagering that they will have 10 other people lined up to buy it instead who will gladly use whatever financing.

The only ways to change the behavior is if we consumers stop giving in or we ask for regulation to stop it.

[SpeedyATL]

Originally Posted by AtticusHoy

It's a really shitty policy, and good for you for sticking up to it, but at the end of the day it's just a single business transaction (in a sea of transactions) to them. If you don't buy it with these terms then they're wagering that they will have 10 other people lined up to buy it instead who will gladly use whatever financing.

The only ways to change the behavior is if we consumers stop giving in or we ask for regulation to stop it.

Yes, sadly they don't give a damn if they sell it to me, or the next guy....I long for the old days (a year or two ago) when being a customer (especially a repeat customer) actually meant something....

[1WickedE90]

Originally Posted by SpeedyATL

Yes, sadly they don't give a damn if they sell it to me, or the next guy....I long for the old days (a year or two ago) when being a customer (especially a repeat customer) actually meant something....

If their "in-house" financing is BMW Finance, it should be fine if they give you the promo rate at the time (0.9, 1.9, etc). Otherwise, you can always refinance after you make the first payment. Check out this site to get an idea of auto refinance rates https://www.gocaribou.com/

[Lightngsvt]

Originally Posted by SpeedyATL

Yes, sadly they don't give a damn if they sell it to me, or the next guy....I long for the old days (a year or two ago) when being a customer (especially a repeat customer) actually meant something....

I'm not sure it ever really meant anything, just that in the past they didn't have the same leverage they do now.

[khearon23]

I've only seen "in-house" financing made mandatory if it was married to a manufacturer rebate that made it appealing. No way I would use their financing if they matched loan values I walked in the door with. They'd have to be a close to a point lower on the offered APR.

I'd move to the next dealer....

[CristalLawrence]

Your approach makes a lot of sense. In-house financing can be a good option if it offers significant advantages, but it's always important to compare the terms and APR with external financing options. You're absolutely right; it's all about getting the best deal that works for you.

If you ever need to navigate through complex financing decisions, you might also consider chatting with a Mortgage Broker in Cheltenham. They can provide valuable insights and help you make informed choices.