Any surprise the owners were Hispanic?
This is what our servicemembers died defending in Iraq and Afghanistan, and every other war in this nation's history.
This is what you die for defending America.
BOA sucks a$$ anyway. Zero personal touch...just another number...just another drone punching a clock.
BFD, the homes of 10 Million Palestinians were stolen and are being stolen today in East Jerusalem by Nazi Obama and Nazi Israel.
This what what TARP saved. Had we let this bank die, they would have learned their lesson.
Damn right...
Methuselah wrote:
You can always do this:
http://moveyourmoney.info/If enough people did it...
I love my small bank. They're open from 7 am to 7 pm! When I was buying a new car, I called them up and I spoke directly to the lending agent myself to set up the loan. I had a part in setting my interest rate based on what payment plan works for me. I didn't have to take what the dealer was trying to sell me. And since I was able to just pay for the car upfront, I was able to negotiate the price lower.
Unfortunately, BOA bought my mortgage from a smaller mortgage lender so I have to deal with those assholes again. I thought I was through with them a few years ago. We are currently trying to find a local mortgage lender or local bank that will refinance us so that we can leave BOA out.
Having cash up front doesn't help you negotiate a lower car price.
The dealer can make more money if they match or even slightly beat your rate if they can do that.
But as long as you think you got a better deal, that's all that matters to you.
BOA almost messed up my first home loan but it got worked out.
I do my banking with them and find their online banking and many locations very useful.
I did refinance and no longer have a BOA mortgage.
They are very big and have a lot of headaches taking over the Countrywide loans.
Yeah, that is a big con game in all of the front end brokers. Mortgages, cars, business loans...once a larger lender purchases the debt the nice guys you valued working with are out of the picture. Uncommonly annoying tactic.
X-Runner wrote:
Having cash up front doesn't help you negotiate a lower car price.
It does if you don't tell them upfront.
Surprise! wrote:
It does if you don't tell them upfront.
Yes, make them think they are going to get commission for the car loan, make a deal and then say, "you know what, I'll just pay cash."
99.99% of the time the dealership can beat the interest rate you get with your bank. The interest rate the dealership comes up with is very negotiable.
A dealership is more likely to hold firm on the price if you get your own financing because they lose what they make on the rate spread.
The best thing to do is to have your own financing ready to go, don't tell the dealer until after you have agreed on a price and get the quote on financing. Then, tell them that you can get _% with your bank and ask them to beat it.
Precious Roy wrote:
99.99% of the time the dealership can beat the interest rate you get with your bank. The interest rate the dealership comes up with is very negotiable.
A dealership is more likely to hold firm on the price if you get your own financing because they lose what they make on the rate spread.
The best thing to do is to have your own financing ready to go, don't tell the dealer until after you have agreed on a price and get the quote on financing. Then, tell them that you can get _% with your bank and ask them to beat it.
Yes, the absolutely crucial thing is to separate the price of the car from the price of the financing. Otherwise they will play lots and lots of tricks.
Personally I've always done best by just paying cash for my cars. Dealerships are willing to negotiate when you have a suitcase full of cash and tell them you are going to buy a car somewhere that day.