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Originally posted by tttc:
)
Out of the three dealers I went to today the Chrysler people were the most willing to sell a vehicle.
That is because the Japanese vans sell themselves 
"Bros before Hoes" <-- More men need this mentality.
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Quote:
Sorry I missed this post earlier. I wish I could have given a little advice. DCX is bringing a new minivan out for 2008 that I would have waited for
Yea I have read that as well. The only really tempting part is StowNGo is supposed to be push button in 08. But I really need it now and I see a lease as throwing money away.
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I also would have chosen the cash rebate instead of the 0% finance rate. The difference in payment on $35k is a couple bucks more, but there are many more benefits that I won't explain now since your deal is done.
No please elaborate if I made a bad decision I want to know how, better to get burnt and learn than brunt and not.
2000 Sport SE
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I won't get into a leasing discussion either. I used to think the same way as you do, but they can be financially beneficial under certain circumstances.
Anyway, 0% interest vs. Rebate: Start with the facts. My credit union offers 4.99% currently. You cna probably get something similar.
$35k loan for 5 yr @ 0% = $583.33
$31k loan for 5 yr @ 4.99% = $584.87
Well, you pay taxes on the rebate, so a few bucks more for the latter.
Not much difference in payment, right? Keep im mind the loan balance during your 5 years of payments. It's always lower with the rebate. The delta between the vehicle's value and your payoff will be better. You've covered yourself with GAP insurance in the event of insurance totaling the vehicle from an accident. You could have probably could have avoided GAP insurance with the rebate saving a couple hundred. However, you need to keep the vehicle for the full 5 years to realize the savings of the 0% interest. If you decide to sell/trade the vehicle after 3 years, you not only won't get the whole 5yr of savings, but also have that higher loan balance to pay off. Most people claim they will keep the car for a longer period than the loan term, but lives change. You never know what may happen in the next 5 years that may change that desicion.
That's about it. It isn't too importnant for most people, but it's still a better choice IMHO.
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You make a good point but, the best APR I could find was 5.99%. I see what you mean and agree but I went around it in a different way. I paid down $10,000 and financed the remainder. So gap protection was not really needed all that much but it was $600 bucks so I got it.
Here is the math with 5.9% and 4000 rebate = $38,471.06
With 0% and no rebate = $37,999.86
And that is total gap, extended warranty and TTL. So 0% made about $471.20 difference, not much but I will take it. And if I decide to trade or sell it I hope the $10,000 I paid down will give me some room to work with.
2000 Sport SE
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Originally posted by APT:
I would have taken a serious look at the 2007 Entourage, though. Great value. I think it's a new benchmark in many areas for minivans, but not offered with as much equipped as your new T&C Limited.
Curious as to what it is missing... Especially since you can't build one out yet. The Sedona EX already has everything, and I'd think the Entourage Limited has even more.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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James, I didn't first notice the Entourage Pricing page with the options listed. The Limited with Ultimate Package is pretty much the same equipment as what he got on T&C Limited except for the navigation. Wow, that's a lot of stuff for $33.5k MSRP. There's a $500 rebate already, another $1000 for owner loyalty and $2700 less to invoice. That's even more of a bargain than I thought. tttc, I have no idea why you'd put any money down @ 0% interest rate for the loan. You can make at least 5% in a bank CD for that $10k. That $10k @ 5% for 5yr will yield $2763 in interest. Oh, well. There are plenty of things I waste that kind of money on to keep me happy. You are happy with the van and the terms you got. I'm sure you'll enjoy it more thna I do mine even. Aaron
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Originally posted by Rouar:
Originally posted by XKontour98:
The Nissan Quest that I have been in all had hidious, cheap feeling interiors. I liked the power train but the inside was the major turn off.
I've only been in one Quest. It had only 7,000 miles but rattled something awful and always acted up - as if it had over 200K miles. Granted it is the college taxivan (driven by assistants to the police dept), but minivans should be designed to withstand abuse and stop-and-go traffic without falling apart as that one did.
The rattling you are referring to was a well known issue specific to the sliding doors that was repaired via a TSB for the 1st gen models. A buddy of mine had this exact problem and it was incredibly annoying, eventually a TSB was released and he got some relief with his 2004 Quest.
The freshening that the Quest just received is a welcome change in many respects, both in quality and ergonomics, the drivetrain is pretty much untouched except for the addition of a 5-spd auto I believe in the more luxury oriented models over the 4-spd auto for the cheaper versions (not entirely certain on this point though).
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Quote:
tttc, I have no idea why you'd put any money down @ 0% interest rate for the loan. You can make at least 5% in a bank CD for that $10k. That $10k @ 5% for 5yr will yield $2763 in interest.
Simple I wanted payments to be so low that I can make 2 a month if I choose.
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Originally posted by tttc:
Simple I wanted payments to be so low that I can make 2 a month if I choose.
 But at 0%, you're absolutely insane to do that! They're giving you free money. Keep it as long as possible and make interest off any excess!
Never EVER pay off a 0% loan any sooner or any amount greater than you are forced to. This is basic money management.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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