U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Automotive
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-10-2012, 07:41 PM
 
3,186 posts, read 5,173,550 times
Reputation: 1818

Advertisements

I saw a tv add that said you could get a new car for 88 dollars down and 88 dollars a month. I know its a scam but couldn't read the small print..Anyone know more about this con. Im curious.thanks
Reply With Quote Quick reply to this message

 
Old 07-10-2012, 07:48 PM
 
Location: Columbus, Ohio
1,413 posts, read 3,604,921 times
Reputation: 1416
Helps if you mention dealer or at least city/state.
Reply With Quote Quick reply to this message
 
Old 07-10-2012, 07:49 PM
 
Location: Floribama
12,640 posts, read 28,065,978 times
Reputation: 10443
Maybe if it's a Kia financed for 10 years.
Reply With Quote Quick reply to this message
 
Old 07-10-2012, 08:27 PM
 
Location: Galloway, NJ
2,541 posts, read 5,595,444 times
Reputation: 2448
Quote:
Originally Posted by crestliner View Post
new car for 88 dollars down and 88 dollars a month.
Try Frequently Asked Questions | Crazy 88 | 88 Dollars Down! 88 Dollars a Month! It's TRUE, 88 dollars down and 88 dollars a month!

(Fine print $88 a month for up to 3 months subject to dealer discretion.) I'm sure the interest rate is very unfavorable, suck you in with the $88 a month line, then hit you up with the over priced car at a lousy interest rate. Then the Real payments begin.

Enjoy the car. You'll be paying for it the rest of your life. You can will it and the debt to your children and grand children.
Reply With Quote Quick reply to this message
 
Old 07-10-2012, 10:08 PM
Status: "Celebrating 57 plus..." (set 12 days ago)
 
Location: Out there somewhere...
37,775 posts, read 42,704,493 times
Reputation: 102858
It means $88.00 down and $88.00 payments until the end of the contract period, then one gigantic balloon payment. Read the fine print.
Reply With Quote Quick reply to this message
 
Old 07-11-2012, 12:03 AM
 
3,186 posts, read 5,173,550 times
Reputation: 1818
Quote:
Originally Posted by nitram View Post
It means $88.00 down and $88.00 payments until the end of the contract period, then one gigantic balloon payment. Read the fine print.
I couldnt read the fine print but I think you nailed the answer for me. People with bad credit or who dont care if they ruin their credit might not want to make that last payment. I guess they most likely have to put up their home or GOLD as security.Scaammmmmmmmmmm!
Reply With Quote Quick reply to this message
 
Old 07-11-2012, 04:42 AM
 
Location: The Shire !
369 posts, read 803,550 times
Reputation: 538
I used to sell cars. We had a saying; "The lower the price in the ad, the lower the IQ of the buyer.".


Got it ?
Reply With Quote Quick reply to this message
 
Old 07-11-2012, 05:21 AM
 
32,011 posts, read 37,006,125 times
Reputation: 27040
Usually reading the newspaper i see car ads with ridiculously low monthly payments , a closer look reveals its not a monthly payment at all its a weekly payment.The problem with dealers and payment plans is the extra amount of money you end up paying for the car through interest and extra charges.
Reply With Quote Quick reply to this message
 
Old 07-11-2012, 05:53 AM
 
Location: North Baltimore ----> Seattle
6,473 posts, read 10,414,143 times
Reputation: 3086
I can't believe this type of advertising/financing is still legal.
Reply With Quote Quick reply to this message
 
Old 07-11-2012, 06:07 AM
 
Location: Keosauqua, Iowa
8,645 posts, read 14,795,285 times
Reputation: 10745
Quote:
Originally Posted by HandsUpThumbsDown View Post
I can't believe this type of advertising/financing is still legal.
As long as it's all disclosed they're golden.

If it sounds too good to be true, it is.

Oh, they gave you $2000 for your car that didn't even run during the push, pull, or drag sale? Sounds great, how much was the rebate on the car you bought? Oh, there WAS no rebate; funny, that model had a $3000 rebate last week.

I got into a debate on here a few weeks ago with a gal who truly thought that a dealership gave her the absolute best deal she could have gotten on the car she got, then paid off the loan on her trade-in out of their own pockets.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Automotive
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top