So I'm on my way to a hiking trip with my friends yesturday and I see an TV ad for a new Mitsubishi 2003 lancer for $9999. I'm thinking 'yea whatever', since I just priced them 4 days ago at $16,000 from all the dealers I went to. I call up and low and behold, not only is it the accurate price, but it also comes with power windows and doors, as well as a CD player! I ended up buying a new Mitsubishi Galant DE (black) for $12,500 plus $1333 for tax and liscence/title, as well as another $140 fee. I would have paid $18,500 on Wednesday if I bought it then. These deals are popping up EVERYWHERE folks. DO *NOT* pay full price for a 2003 car right now, many dealers are going ape sh!t trying to get rid of the 2003s. You still have some time for one last sale, and check all the ads and papers espcially on the weekends.
For those of you serious about buying, THE FINANCE DEPARTMENT TRIES TO RIP YOU OFF!! DO NOT BE FOOLED BY THEIR UNDERHANDED BULLY TACTICS AND DECIEPT!! The finance guy was an asshole, probably company policy. This is the game they play:
1.) They try to force you to buy an extended warrenty, and pass it off as your basic warrenty. For those of us that ask 'well doesn't it come with a warrenty', they will only give you some bullsh!t. I finally dragged it out of him that yes it is a extended warrenty, and the reason he is selling me a extended warrenty is because I have a 5 year loan, and the mitsubishi bumper to bumper warrenty is only 3 years. It literally took me 20 minutes of putting my foot down and arguing to drag this information out of him.
2.) The fraud of GAP insurance: The finance rep told me his bank needs GAP insurance since GAP will make sure that the bank gets paid immediately if my car gets totaled. I smelled bullsh!t and forced him to go with a bank that didn't charge GAP insurance. The fee was $500. I did some research on a great and very trusted car site, http://www.edmunds.com, and found out what GAP does is cover you the difference from what the bank pays for your car, to what the insurance company will pay if it is totalled. If you spent 27,000 on a car, and insurance only pays $20,000, you're screwed out of $7000. GAP will cover that amount. The reason the finance guy lied to me about GAP was because I got this car at such an awesome deal, that there is no gap in the insurance value and what I paid/financed. If you get an awesome deal like I'm posting here, you don't need GAP. It's an extra way for them to make commission. Fvcking bastards.
3.) Incredibally high intrest rate. get this, my credit rating of over 698 only qualified for 8.25% loan. This is complete BS. I can get, and am refinancing right now a loan for 4.45% from my credit union, easily. You have a few days to get a new loan after you buy the car without any fees.
For those of you who will be screaming this isn't a hot deal, shaddup. This is the perfect time to buy a 2003 and these deals are all over the place like dead cockroaches under the kitchen cabinet. This perticular deal for today is dead, however, there are many others everyday and everyweek such as Chrystler and Mazda. If you want a new car, go in a 2003 this weekend, just keep your guard up during financing. =)
For those of you serious about buying, THE FINANCE DEPARTMENT TRIES TO RIP YOU OFF!! DO NOT BE FOOLED BY THEIR UNDERHANDED BULLY TACTICS AND DECIEPT!! The finance guy was an asshole, probably company policy. This is the game they play:
1.) They try to force you to buy an extended warrenty, and pass it off as your basic warrenty. For those of us that ask 'well doesn't it come with a warrenty', they will only give you some bullsh!t. I finally dragged it out of him that yes it is a extended warrenty, and the reason he is selling me a extended warrenty is because I have a 5 year loan, and the mitsubishi bumper to bumper warrenty is only 3 years. It literally took me 20 minutes of putting my foot down and arguing to drag this information out of him.
2.) The fraud of GAP insurance: The finance rep told me his bank needs GAP insurance since GAP will make sure that the bank gets paid immediately if my car gets totaled. I smelled bullsh!t and forced him to go with a bank that didn't charge GAP insurance. The fee was $500. I did some research on a great and very trusted car site, http://www.edmunds.com, and found out what GAP does is cover you the difference from what the bank pays for your car, to what the insurance company will pay if it is totalled. If you spent 27,000 on a car, and insurance only pays $20,000, you're screwed out of $7000. GAP will cover that amount. The reason the finance guy lied to me about GAP was because I got this car at such an awesome deal, that there is no gap in the insurance value and what I paid/financed. If you get an awesome deal like I'm posting here, you don't need GAP. It's an extra way for them to make commission. Fvcking bastards.
3.) Incredibally high intrest rate. get this, my credit rating of over 698 only qualified for 8.25% loan. This is complete BS. I can get, and am refinancing right now a loan for 4.45% from my credit union, easily. You have a few days to get a new loan after you buy the car without any fees.
For those of you who will be screaming this isn't a hot deal, shaddup. This is the perfect time to buy a 2003 and these deals are all over the place like dead cockroaches under the kitchen cabinet. This perticular deal for today is dead, however, there are many others everyday and everyweek such as Chrystler and Mazda. If you want a new car, go in a 2003 this weekend, just keep your guard up during financing. =)