OT: Leasing Question, Using outside Financing (non-dealer) |
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OT: Leasing Question, Using outside Financing (non-dealer) |
Qarl |
Sep 11 2004, 06:12 PM
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#1
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Shriveled member Group: Benefactors Posts: 5,233 Joined: 8-February 03 From: Florida Member No.: 271 Region Association: None |
Looked at a replacement SUV for the wife today.
Dealer offers $4500 incentives on vehicles financed Dealer offers $1000 incentives on vehicles leased I inquired if I purchased the car outright, if I could get the $4500 cash incentive... dealer said yes. So here's my question.... What if I go with leasing through my credit union or another entity and just bring a check to the dealer. For example... my credit union, allows me XX% residual on the car with X% lease money factor of X months, and gives me a check to bring to the dealer (good up to $XX,XXX.XX) I negotiate with the dealer is if it were an outright purchase and get the larger incetive (rebate). I write the dealer the check from the credit union. I take advantage of good leasing deals and better rebate indentives. Has anyone done this? Thanks! |
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