View Single Post
Old 04-17-2017, 04:56 PM   #2
Yanbags
Member
 
Yanbags's Avatar
 
Join Date: Feb 2016
Drives: '17 Camaro SS 1LE
Location: NYC
Posts: 61
Thanks: 17
Thanked 44 Times in 25 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Do you plan on keeping the car for at least as long as the warranty period and keeping it stock that whole time? IMO that's the only way it would make sense to get the extended warranty. I personally don't think it's really worth it anyway, as you still have the powertrain warranty for 5yr/60k miles.

4.49% is pretty high; I'm sure you can get a better rate from your bank or credit union.

The whole 2-3% with the contingency being the extended warranty also sounds like BS. If they can sell it to you at that rate with extra "goodies", they should be able to sell it to you at that rate without the crap. I would negotiate for this first.

Also, don't put all of your eggs in one dealership. Talk to the others too

Edit: Assuming you are taking a loan of $25700 over 60 months, 4.49% would be $3041 in total interest. If we're staying with the same loan amount, 2.7% would put you at $1803 total interest, not $2010. Just incase you were getting these figures from the dealer.
Yanbags is offline   Reply With Quote
The Following User Says Thank You to Yanbags For This Useful Post:
~el~jefe~ (04-17-2017)