vj123
Autocross Newbie
- Location
- The Detroit
- Car(s)
- 19 & 16 GTI - sold
7
The official "Post your deal!!!" thread
- Thread starter GTI.
- Start date
Dammit I guess I have GTI on the brain!
Brohio
New member
- Location
- Cleveland, OH
Haha yes, just a regular Golf.
Perhaps a GTI next time. But coming from my Jeep, anything feels like a GTI!
WhiteTigerSE
Passed Driver's Ed
- Location
- Idaho
Haha... $19,xxx for a 2017 GTI SE!!! Almost shat my pants. Golf SE... got it.
southpawboston
Drag Racing Champion
- Location
- Somerville, MA
Even then, that's an awesome deal. I paid $18,800 for an S wagon and would have happily shelled out another grand to step up to an SE.
WhiteTigerSE
Passed Driver's Ed
- Location
- Idaho
They offered to sell me this car, which is still for sale, at the internet price. This was a cash value i believe.
With taxes and fees, It was 21,500 OTD.
If financed, I could have gotten the car down to $20,500 OTD. For a GTI S, that is a steal of a deal.
https://www.tetonvw.com/new-Idaho+Falls-2017-Volkswagen-Golf+GTI-S-3VW4T7AU5HM049218
cb1111
Newbie
- Location
- Virginia, USA
So why didn't you finance - and pay it off in three months?
WhiteTigerSE
Passed Driver's Ed
- Location
- Idaho
I did finance and i didn't buy that car. I bought an SE. And I plan to pay it off early.
southpawboston
Drag Racing Champion
- Location
- Somerville, MA
Did you read the loan contract to see if there was an early payoff penalty?
https://www.carsdirect.com/auto-loans/understanding-car-loan-prepayment-penalties
WhiteTigerSE
Passed Driver's Ed
- Location
- Idaho
Yes, no penalty. Standard contract. If their was, I would not have done the loan.
Even if there is a penalty, it's usually cheaper to suck it up. This was broken down on another manufacturer forum where the penalty was $75 to pay off early, but the interest with the dealer financing charged on a $30k car was $700 when you could supposedly pay off with no penalty. That's insane and paying off is obviously the much better deal.
Just remember, at the beginning of a loan, it's all or mostly interest payments. Dealers would love to string that out for 6 months on each and every vehicle if they could.
southpawboston
Drag Racing Champion
- Location
- Somerville, MA
Paying off is the better deal, unless the cash that you're using to pay it off can earn more when invested elsewhere. At 2% APR it's worth it to just make your loan payments since you can earn far more than 2% by putting your cash into an investment account. Or, if you have other loans on which you're paying higher interest, it's smarter to pay them down first. If my car loan APR is lower than my mortgage APR, it makes more sense to pay down my mortgage with the cash that would otherwise be used to pay off my car loan.
WhiteTigerSE
Passed Driver's Ed
- Location
- Idaho
I just looked back at my deal. I had 2 options.
Option 1: Buy Sports Trim and finance = $22453 (incl. taxes/fees)
Option 2: Buy SE Trim and finance = $26,000 (incl. taxes/fees)
I could have saved $3,547 by going with the Sports Trim. :/
Essentially, I am paying $3,547 for leather seats, premium audio, rain sensing wipers, moon roof, fog lights...right?
Do you think i made the right choice? I think I paid $1,000 too much for the above features.
Option 1: Buy Sports Trim and finance = $22453 (incl. taxes/fees)
Option 2: Buy SE Trim and finance = $26,000 (incl. taxes/fees)
I could have saved $3,547 by going with the Sports Trim. :/
Essentially, I am paying $3,547 for leather seats, premium audio, rain sensing wipers, moon roof, fog lights...right?
Do you think i made the right choice? I think I paid $1,000 too much for the above features.
vj123
Autocross Newbie
- Location
- The Detroit
- Car(s)
- 19 & 16 GTI - sold
Either way, you might have got a good deal on a 2017 and nothing can be done about it. And to rate your current deal, you got to provide your MSRP and selling price without tax and title.