Cadillac and Ford have 0% for 72, will Chevy Follow?

JBinSD · 09-22-2016, 12:21 AM

So after finding a "coveted" 16% tagged car, I realized that even at my CU's 1.98%, I can't afford as much car as I'd like (SS), but then saw that '16 Mustangs are 0% for 72, and my eyes wandered.

Today, I saw a Cadillac ATS advertised with 0% for 72 mos. Caddy is GM, rt? Is the 0% around the corner? Do I risk letting the 16% expire in hopes of something greater? Is there a historical pattern of deals getting better and better towards the end of the year?

Inquiring minds would like to know :-)

MMC2100 · 09-22-2016, 07:49 AM

Chevy just did a Labor Day special 0% for 72. You just missed it.

SSCOTT25 · 09-22-2016, 08:42 AM

In this situation it makes sense to do a math calculation.

Scenario 1: purchase a 45,000 car with 16% off = $37,800
finance for 72 months at 1.98% = $557.40
Total cost of car + finance = $40,132

Scenario 2: purchase 45,000 car with no tag = 45,000
finance for 72 months at 0% = $625

The bonus car is the better choice because of the lower payment and the overall savings of $5,000 if you keep the car until the loan matures. The other great bonus about the 16% off is if you need to sell it in one year GM took a lot of the depreciation for you.

FNxR3DNECK · 09-22-2016, 09:49 AM

Quote:

Originally Posted by SSCOTT25

In this situation it makes sense to do a math calculation.

Scenario 1: purchase a 45,000 car with 16% off = $37,800
finance for 72 months at 1.98% = $557.40
Total cost of car + finance = $40,132

Scenario 2: purchase 45,000 car with no tag = 45,000
finance for 72 months at 0% = $625

The bonus car is the better choice because of the lower payment and the overall savings of $5,000 if you keep the car until the loan matures. The other great bonus about the 16% off is if you need to sell it in one year GM took a lot of the depreciation for you.

100% correct the 16% is a much better deal!

motorhead · 09-22-2016, 10:03 AM

If you have to go 72 months no matter what the rate, you can't afford it.

Long term rates on depreciating assets equals bad decision making in most cases for most people.

JBinSD · 09-22-2016, 11:20 PM

All good points, thanks. Of course, in my mind, I was expecting a decent discount with the 0% scenario as well. If the "mother ship" does the financing, does the dealership get less $? I know the 0% costs GM financial $$, but do they hit the dealer for it as well? I was hoping to get a combo of the 16% and the 0%, but I guess thats not possible. . .

SSCOTT25 · 09-23-2016, 08:40 AM

The 16% is a rebate. If the dealer is selling all camaros at say 2000 off msrp. You get 2000 off msrp + another 16% off the msrp.

JBinSD · 09-24-2016, 08:08 PM

I went back and drove the 2SS yesterday, I've been cross-shopping with Mustangs, and I have to admit, the SS is FEROCIOUS. Like maybe too much for me, I was doing stupid things in 3rd gear. If I got the V6, I'd probably always be jealous and regret it, but coinage is an issue (although the 16% coupon makes the 2SS cheaper than a 2LT, so I should just shut up and buy it, rt?

aramos117 · 09-24-2016, 08:49 PM

Just a a question but if a certain car isn't tagged can the dealer still throw the 16% off tag on there?

JBinSD · 09-24-2016, 11:15 PM

the dealer I dealt with said they were doing their allocation, and they could attach the tag to any '16, and asked if I wanted it on the SS, I said yes please. pmts are still just out of reach for me its a pretty loaded 2SS MT vert.

Boilermaker128 · 09-25-2016, 08:06 AM

Quote:

Originally Posted by motorhead

If you have to go 72 months no matter what the rate, you can't afford it.

Long term rates on depreciating assets equals bad decision making in most cases for most people.

Why wouldn't you go 0% for max months over a shorter term on a new car? Is there a hidden charge I'm missing? Does gm not allow early payoff if you wanted? Wouldn't you get ahead by putting the money down on your mortgage before the car? since it's a higher % and an asset which gives equity.

gosutag · 09-25-2016, 10:15 AM

Quote:

Originally Posted by motorhead

If you have to go 72 months no matter what the rate, you can't afford it.

Long term rates on depreciating assets equals bad decision making in most cases for most people.

It's always a better idea for a longer contract. You just pay off two months at a time and you'll be ahead on payments just in case anything in life happens.

BigGuy81 · 09-25-2016, 10:29 AM

Sounds like you can't afford this car.

JBinSD · 09-25-2016, 10:32 AM

If the money is free (ie 0%), then I don't see a problem with drawing it out as long as possible, since it makes cheaper monthly pmts without a cost. The downside is that after a few years, if you want something else, there's still a (larger) payoff, but it hasn't cost anything. Since Chevy is not currently offering 0%, I'm bummed, as the 16% brings the cost down to a reachable level for me.

I'm wondering though, as we get close to Oct, just how crazy will the incentives get in the next two months, with Camaro sales so far down significantly?

Historically, don't the best financing and pricing deals emerge in Nov and Dec? I would assume the deals will only get better, as the year gets older. May be worth the wait, if I can hold out that long. . .

09-22-2016, 12:21 AM	#1
JBinSD Drives: '23 LT Vert M6'16 Hyper 2SS Vert MT Join Date: Sep 2016 Location: Carlsbad, San Diego, CA Posts: 583	Cadillac and Ford have 0% for 72, will Chevy Follow? So after finding a "coveted" 16% tagged car, I realized that even at my CU's 1.98%, I can't afford as much car as I'd like (SS), but then saw that '16 Mustangs are 0% for 72, and my eyes wandered. Today, I saw a Cadillac ATS advertised with 0% for 72 mos. Caddy is GM, rt? Is the 0% around the corner? Do I risk letting the 16% expire in hopes of something greater? Is there a historical pattern of deals getting better and better towards the end of the year? Inquiring minds would like to know :-)

09-22-2016, 07:49 AM	#2
MMC2100 Drives: 2016 SS Camaro Join Date: Sep 2016 Location: CO Posts: 28 View My Garage	Chevy just did a Labor Day special 0% for 72. You just missed it.

09-22-2016, 08:42 AM	#3
SSCOTT25 Drives: 2012 Camaro ZL1, 2014 Ford Raptor Join Date: Aug 2009 Location: K Posts: 83	In this situation it makes sense to do a math calculation. Scenario 1: purchase a 45,000 car with 16% off = $37,800 finance for 72 months at 1.98% = $557.40 Total cost of car + finance = $40,132 Scenario 2: purchase 45,000 car with no tag = 45,000 finance for 72 months at 0% = $625 The bonus car is the better choice because of the lower payment and the overall savings of $5,000 if you keep the car until the loan matures. The other great bonus about the 16% off is if you need to sell it in one year GM took a lot of the depreciation for you.

09-22-2016, 10:03 AM	#5
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,850	If you have to go 72 months no matter what the rate, you can't afford it. Long term rates on depreciating assets equals bad decision making in most cases for most people.

09-22-2016, 11:20 PM	#6
JBinSD Drives: '23 LT Vert M6'16 Hyper 2SS Vert MT Join Date: Sep 2016 Location: Carlsbad, San Diego, CA Posts: 583	All good points, thanks. Of course, in my mind, I was expecting a decent discount with the 0% scenario as well. If the "mother ship" does the financing, does the dealership get less $? I know the 0% costs GM financial $$, but do they hit the dealer for it as well? I was hoping to get a combo of the 16% and the 0%, but I guess thats not possible. . .

09-23-2016, 08:40 AM	#7
SSCOTT25 Drives: 2012 Camaro ZL1, 2014 Ford Raptor Join Date: Aug 2009 Location: K Posts: 83	The 16% is a rebate. If the dealer is selling all camaros at say 2000 off msrp. You get 2000 off msrp + another 16% off the msrp.

09-24-2016, 08:08 PM	#8
JBinSD Drives: '23 LT Vert M6'16 Hyper 2SS Vert MT Join Date: Sep 2016 Location: Carlsbad, San Diego, CA Posts: 583	I went back and drove the 2SS yesterday, I've been cross-shopping with Mustangs, and I have to admit, the SS is FEROCIOUS. Like maybe too much for me, I was doing stupid things in 3rd gear. If I got the V6, I'd probably always be jealous and regret it, but coinage is an issue (although the 16% coupon makes the 2SS cheaper than a 2LT, so I should just shut up and buy it, rt?

09-24-2016, 08:49 PM	#9
aramos117 Drives: 2015 Ford Fusion SE Join Date: Jul 2016 Location: Alice, TX Posts: 9	Just a a question but if a certain car isn't tagged can the dealer still throw the 16% off tag on there?

09-24-2016, 11:15 PM	#10
JBinSD Drives: '23 LT Vert M6'16 Hyper 2SS Vert MT Join Date: Sep 2016 Location: Carlsbad, San Diego, CA Posts: 583	the dealer I dealt with said they were doing their allocation, and they could attach the tag to any '16, and asked if I wanted it on the SS, I said yes please. pmts are still just out of reach for me its a pretty loaded 2SS MT vert.

09-25-2016, 10:29 AM	#13
BigGuy81 Account Suspended Drives: Man Join Date: May 2016 Location: https://t.me/pump_upp Posts: 143	Sounds like you can't afford this car.

09-25-2016, 10:32 AM	#14
JBinSD Drives: '23 LT Vert M6'16 Hyper 2SS Vert MT Join Date: Sep 2016 Location: Carlsbad, San Diego, CA Posts: 583	If the money is free (ie 0%), then I don't see a problem with drawing it out as long as possible, since it makes cheaper monthly pmts without a cost. The downside is that after a few years, if you want something else, there's still a (larger) payoff, but it hasn't cost anything. Since Chevy is not currently offering 0%, I'm bummed, as the 16% brings the cost down to a reachable level for me. I'm wondering though, as we get close to Oct, just how crazy will the incentives get in the next two months, with Camaro sales so far down significantly? Historically, don't the best financing and pricing deals emerge in Nov and Dec? I would assume the deals will only get better, as the year gets older. May be worth the wait, if I can hold out that long. . .

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