MichaelB1969
New member
- Location
- San Francisco
Working with a dealer that is offering a pretty aggressive price on a new GTI under the stipulation that I finance through a bank of their choosing with a higher rate and not through VW. Obviously they are getting commission on the loan in order to subsidize the aggressive pricing on the car.
I would need to keep the loan for 4 months, and then I could pay it off or refinance it with a lower rate. So I'd only have to absorb 4 months of higher interest, or around $160. Not a big deal.
Just curious if anyone has seen this tactic, and also whether or not anyone can see any additional downside on my end that I'm not thinking through.
By the way, my last two cars were an Audi RS5 and a Porsche 911, and I am almost as excited about this GTI! Have always wanted one!
Thanks,
Mike
I would need to keep the loan for 4 months, and then I could pay it off or refinance it with a lower rate. So I'd only have to absorb 4 months of higher interest, or around $160. Not a big deal.
Just curious if anyone has seen this tactic, and also whether or not anyone can see any additional downside on my end that I'm not thinking through.
By the way, my last two cars were an Audi RS5 and a Porsche 911, and I am almost as excited about this GTI! Have always wanted one!
Thanks,
Mike