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B. Nostrand
For another reference. My family and I purchased a new 2002 mv weekender poptop in april of this year. the negotiated price, including front floor mats (what a coup) was $28,500. We got the 2 years at .9% and didn't have to make our first payment for 45 days (plus we paid an additional $365.00 prior to our first payment to completely eliminate the interest.) So our final deal was $28,500, zero down and 25 .5 months to pay it off. We were quite pleased with the price and helped two other sets of friends get the same deal. Seems like there would definitely be more room to move price wise on rather than settling for the $26K on the GLS or non-poptop mv. rbury
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----- Original Message -----
From: Lee Hart To: ev_update@... Sent: Tuesday, December 17, 2002 9:25 AM Subject: Re: [ev_update] Opinions sought - Will my '93 EV Powertrain last 250K miles? Ron rbiegel1@... wrote: > Thanks Lee. I was thinking to get that report myself but appreciate > the information. Sound like the dealer could be below 26K if they > really want to sell. With year end rapidly approaching the deals may > get better. FYI - my dealer is offering 4-1/4% 3 year VW financing. > Not very competitive with all the 0% deals floating around. As for all loans, you need to get the TOTAL amount that you will pay over the term of the loan. Then you can decide if it's a good deal or not. There are simply too many ways to calculate interest, too many hidden charges, etc. to compare blindly on percent interest rate. Here's a crude example. You're buying a Christmas gift. Would you rather pay $100 today, or $101 at the end of the month? The latter is a horrible interest rate -- but it only costs you $1. With all the holiday bills, it might be better to pay that $1 and wait. In my case, VW offered me 3.5% interest for a 24-month loan. We already had the money in the bank, and it was paying only 1% interest. So it was better to buy it outright than to finance it. But if we had the money in a CD that was paying (say) 5%, then we'd be money ahead to finance it (we make more on the 5% interest than we pay for the 3.5% loan). -- Lee A. Hart Ring the bells that still can ring 814 8th Ave. N. Forget your perfect offering Sartell, MN 56377 USA There is a crack in everything leeahart_at_earthlink.net That's how the light gets in - Leonard Cohen To unsubscribe from this group, send a message to mailto:ev_update-unsubscribe@... Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. |
