- I want to finance and it is currently under employee pricing with a fixed rate of 6.99%.
With this knowledge in hand, order at the end of the incentives you are currently in. This way, you are locked in at the current incentives, but have the option to switch afterward. One piece of advice though:
- The salesman and his/her managers are going to try and convince you that the incentives you bought under are clearly better, regardless of your situation/requirements. This is because is does take a decent amount of work to swap into new incentives. You should find the new incentives, understand them and compare with what you ordered under. You might find the dealer very difficult to negotiate with at this point because they feel you are already committed; your car is here, you are all hyped up to get it. Stand fast! If you ordered at 0%, but wanted all along to pay cash, check the new incentive! If you were at $40,000 sale price before with 0%, chances are the new incentives will be cash off and a shitty rate!
- So if you ordered at $40,000/0% with $0 delivery allowance and now it's 6.99% with $5,000 delivery allowance you could easily swap to $35,000 cash + tax (the delivery allowance is ALWAYS before taxes).
- Figure out what makes the most sense for you and go from there!