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Given the current market, it's actually better to take the $13,000 price tag and get a 2% loan from a bank or credit union.
Sometimes, the cash doesn't always scale though. Eg, my mom's car was 0% or $2,000 back on a ~40k car. Mine was 0% or $1,500 back on a ~$20,000 car. It's best to take the best deal. Sometimes that's cash back, sometimes it's 0%. With the free money policy the fed is setting and interest rates being low, cash back is more often the better deal than it was 10 years ago but still not always the best deal.
I took the low interest rate, and got bonus cash back for financing.
And I got the lowest pre tax and tag price on true car and a forum for those that bought the same model as I.
Not sure I got scammed, should I go back and give the dealer more money? I kind of feel bad for not paying more now.
Or, we could stop talking in absolutes in topics that we have very limited exposure to.
I've bought half a dozen cars, luckily I never got taken to the cleaners (not because I was smart about my first attempted purchase, no the dealer was just too greedy and no one would have fell for that deal). But I could buy cars at this rate for the rest of my life and I'll still have nothing on the experience of a dealership manager.
It's a scam in the sense that many people don't understand that the financing is not truly free; it's built into the price of the car.
Exactly
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