Deleted member 35398
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WE GET TO FINANCING.
New to the forum. Never owned a Jeep before, so my learning curve here has been steep. Thanks to all of you who have the knowledge and take the time to post very useful threads for "noobs" like myself.
I'm real close to purchasing a new Rubicon 2 -door, but so far have been disappointed with the truthfulness of local dealers; especially their websites. Even more disappointing is that some of the dealers (Idaho) have been praised by forum members who have traveled across country to get below invoice pricing. That has not been my experience so for. This was my experience this weekend.
I go to Peterson Jeep in Nampa Idaho. After all, there are some very positive reviews about them here. They have a Rubicon which is advertised @ is $42,210 ("Sale Price"); the MSRP is $49,010. That's approximately 13.8% below MSRP, or 8% below invoice. Seems like a good deal. I'm ready to buy; seems like a fair deal and inline with what others have posted. Not so fast. Finance guy comes out and says "well in order to get that price, you have to let me get the financing." His financing rate is over 10% (I'm assuming through Chrysler). You gotta be kidding me.........no way am I doing that. He won't even allow me to put any money down; he absolutely refuses to sell me the Jeep at the "Sale Price" even if I pay cash! If I want to do that, then he's going to raise the price $2,500. That would make the Jeep over invoice price. I also qualify for the Military Rebate (retired), but he says that's included in the "Sale Price" which it clearly states on their website is not the case; there is a "As Low As" sale price which takes into consideration manufacturer rebates. I would think that IF in order to get the "Sale Price" you have to finance through their lender, that should be clearly stated in the Ad on the website...........right? Which it's not, because that clearly changes everything.
Also, when you do finance through them, you agree to make at least 6 payments. At 10+% that equates to $409/month in interest. Interestingly, that is about $2500 in finance charges (over 6 months), so I suppose that's where they justify raising the price $2,500 if you put any money down. Crazy, I've never heard of a dealer NOT wanting you (or requiring) to put money down. Here's the ad:
I've read posts by others who have a positive experience with Peterson. I'm just curious if they told the entire story.................like financing for example. I'm not sure which is more disappointing, their misleading advertising, or the fact that they think I'm so stupid to go for such a bad deal.
Great first post, huh? Thanks for allowing me to vent and to you guys who are willing to pass along your knowledge.
New to the forum. Never owned a Jeep before, so my learning curve here has been steep. Thanks to all of you who have the knowledge and take the time to post very useful threads for "noobs" like myself.
I'm real close to purchasing a new Rubicon 2 -door, but so far have been disappointed with the truthfulness of local dealers; especially their websites. Even more disappointing is that some of the dealers (Idaho) have been praised by forum members who have traveled across country to get below invoice pricing. That has not been my experience so for. This was my experience this weekend.
I go to Peterson Jeep in Nampa Idaho. After all, there are some very positive reviews about them here. They have a Rubicon which is advertised @ is $42,210 ("Sale Price"); the MSRP is $49,010. That's approximately 13.8% below MSRP, or 8% below invoice. Seems like a good deal. I'm ready to buy; seems like a fair deal and inline with what others have posted. Not so fast. Finance guy comes out and says "well in order to get that price, you have to let me get the financing." His financing rate is over 10% (I'm assuming through Chrysler). You gotta be kidding me.........no way am I doing that. He won't even allow me to put any money down; he absolutely refuses to sell me the Jeep at the "Sale Price" even if I pay cash! If I want to do that, then he's going to raise the price $2,500. That would make the Jeep over invoice price. I also qualify for the Military Rebate (retired), but he says that's included in the "Sale Price" which it clearly states on their website is not the case; there is a "As Low As" sale price which takes into consideration manufacturer rebates. I would think that IF in order to get the "Sale Price" you have to finance through their lender, that should be clearly stated in the Ad on the website...........right? Which it's not, because that clearly changes everything.
Also, when you do finance through them, you agree to make at least 6 payments. At 10+% that equates to $409/month in interest. Interestingly, that is about $2500 in finance charges (over 6 months), so I suppose that's where they justify raising the price $2,500 if you put any money down. Crazy, I've never heard of a dealer NOT wanting you (or requiring) to put money down. Here's the ad:
I've read posts by others who have a positive experience with Peterson. I'm just curious if they told the entire story.................like financing for example. I'm not sure which is more disappointing, their misleading advertising, or the fact that they think I'm so stupid to go for such a bad deal.
Great first post, huh? Thanks for allowing me to vent and to you guys who are willing to pass along your knowledge.
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