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So going over my contract i have with my car just for giggles and see if i can refinance it, i notice that the 2k i put down wasnt even taken out of the price tag. Paid 18k for my car, and the 2k would brought it down to 16k and i just finance that. But instead i just see tons of stupid fees that i am ending up paying over all 21k for the entire loan of the car. So what is the down payment for? Good faith money for the banks?
Same for a house that we got approved for, but backed out due to some damage that was not disclosed. Put down the 3% for FHA and again never offset the base price of the house, instead was just put towards the stupid fees. I mean their was a fee for 500$ for a notary stamp.
What happen to here is the total final price Disclsure fee.. like 50k.. and i put down 2k. so the end game was 48 and finance that part of the price. Instead that 48k ends up to be back up in the 60ks if not more for stupid addon fees.. why cant it be just one price and here is the keys.. have good day. what happen?
This is fairly typical. The cost of the car is not $18k....the coast of the car is the $18k plus all of those fees. It's in your best interest to find all of those out before signing anything, and deciding how much to put down.
Your $2k down payment should be shows as a subtraction from the total....the real total of $21k. If they're showing you as having financed more than $19k, then something isn't right. Otherwise, it's just unfortunately, you not really understanding the actual cost of what you're purchasing (not trying to be rude, but this isn't the fault of the dealer...)
This is fairly typical. The cost of the car is not $18k....the coast of the car is the $18k plus all of those fees. It's in your best interest to find all of those out before signing anything, and deciding how much to put down.
Your $2k down payment should be shows as a subtraction from the total....the real total of $21k. If they're showing you as having financed more than $19k, then something isn't right. Otherwise, it's just unfortunately, you not really understanding the actual cost of what you're purchasing (not trying to be rude, but this isn't the fault of the dealer...)
I am going over some of the fees.. seems they use it for for the typical TTL. But still if your advertising something say 20k, and you put down 5k, then you should be only making payments on the rest 15k. These extra fees i am seeing are BS fees and should been calculated in the the advertising cost.
Just be nice if they would include all that in advertising, so all you have to deal with is interest rates that changes. The end game is Advertise price ( includes sales and other BS fees) + Bank interest= total cost.
Just be nice if they would include all that in advertising, so all you have to deal with is interest rates that changes. The end game is Advertise price ( includes sales and other BS fees) + Bank interest= total cost.
I had all of that info before going into a dealer, broken out into detail. But then, I contacted dealers before walking in. I'm not about to waste 4 hours sitting around letting them play games.
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. good god.. takes too dang long to process..
