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The route to car ownership is filled with many options and leasing can be one for those who do not want to commit to a long-term purchase.
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Actually the F&I manager (financial manager as you called them) gets your credit approved and tries to sell you some of the products they sell (warranties, alarms, etc)...they have a set price they must stay above (usually won't go lower then 5% above invoice), but the salesmanager/general manager can.You get to haggle with a salesman every 3 years which is entertaining...and u get the new car smell...
I love it when I tell the salesman I don't want to deal with him. Call over the financial officer because he is the real person who OKs the sale of the car.
They can never sell me something I am not interested in....I am too old to let them scare me. And if they change the price at any time....out the door I walk.Actually the F&I manager (financial manager as you called them) gets your credit approved and tries to sell you some of the products they sell (warranties, alarms, etc)...they have a set price they must stay above (usually won't go lower then 5% above invoice), but the salesmanager/general manager can.
I have leased since 2001, with the exception of my Mustang and Solstice. Both were used. When I can get a $45k F150 for $229/mth for 2 years vs. $800/mth, the choice is pretty simple. Same with my current car....$400/mth for a lease or $900/mth to buy....hmmmm. Considering I'd be in the rears for the first 3.5 years, it makes more sense to lease, especially since I tend to change cars every 3 years anyway.
There are two reasons it makes financial sense to lease:Actually the F&I manager (financial manager as you called them) gets your credit approved and tries to sell you some of the products they sell (warranties, alarms, etc)...they have a set price they must stay above (usually won't go lower then 5% above invoice), but the salesmanager/general manager can.
I have leased since 2001, with the exception of my Mustang and Solstice. Both were used. When I can get a $45k F150 for $229/mth for 2 years vs. $800/mth, the choice is pretty simple. Same with my current car....$400/mth for a lease or $900/mth to buy....hmmmm. Considering I'd be in the rears for the first 3.5 years, it makes more sense to lease, especially since I tend to change cars every 3 years anyway.
Dealerships in the Seattle area are charging $150 to $200/hour for service, at book time, not actual time. My last dealer oil change, perhaps five years ago, was almost $100.give away the house in service.
Trust me....if you're a good customer and you've bought a few cars from them and you've had most of your service (warranty and maintenance) done there, they give away the house. Or they will cut costs here and there for you. It's like tonight for dinner with my parents. We always go on Tuesday nights to a local pub for 1/2 off burgers. I always tip at least 20% on what the bill would have been. And the last 3 Tuesdays, we've received dessert on the house for all 3 of us.Dealerships in the Seattle area are charging $150 to $200/hour for service, at book time, not actual time. My last dealer oil change, perhaps five years ago, was almost $100.
Around here at least, they are certainly not 'giving away the house in service'.
I know as much as they do....I sold cars for 3+ years and I worked in service and parts for 8+ years, not too mention F&I and put the deals together for sales... Making sure you don't get screwed is easy, if you know what to look for on the paperwork.I will never fleece a car. It's all a game the dealerships play and don't think for a minute you know more than they do. Don't get me wrong, I love the smell of a new car but I love more the idea of having money in my pocket and being able to retire early.
Chrysler Dodge Jeep RamOkay, I'll ask..... what is "CDJR" ?