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I live in SoCal and curious about buying a new truck from out of state.
Try Phillip Olson at Bud Clary in WA. I'm also in S. Cal and he gave me 15.3% off MRSP before rebates. And it's about $1 per mile to ship it to me in Los Angeles, which was way less than the amount I saved by buying through him.
I just ordered from Phillip Olson at Bud Clary in WA. They said it's about $1 per mile to get it shipped to Los Angeles. They can help you with the other questions - they do a ton of out-of-state sales.I live in SoCal and curious about buying a new truck from out of state.
How much are you paying to get it shipped over?
Does the out-of-state dealership handle all the paperwork to get it registered in Cali?
What about out-of-state RAMs and CARB compliance?
That's it for my questions
From my understanding they are all 50 state compliant now.
Yup, that makes total sense. For each person the situation is different so it skews this comparison discussion. People should also consider the interest they will pay based on how long they will actually keep the vehicle/loan, not just the total.
Great explanation Bob. Here;s a little tip to saving money on any loan, easy in the earlier months/years. If there is no penalty for extra payments, just double the amount to principal. this will take 1 payment off the end of the loan. It's easier in the beginning because the amount to principal is lowest. In Bob's example above, if you paid a total extra of $1,724 you would shorten the loan by 1 year.How Front-Loaded Loans Work
A repayment mortgage is, by definition, a front-loaded loan. That's because in the early years most of your payments go to paying off the interest. Only a small portion goes toward the principal. As you get deeper into the mortgage term, it switches so the interest portion decreases and you're paying off more of the principal each month.
Why? It's because the lender calculates the interest based on the current outstanding balance of the loan. This balance will start high and decrease as you gradually pay back the principal. The less principal you owe, the less interest will be charged.
Front-Loading Interest In Action
For example, imagine that you've taken out a 30-year repayment mortgage for $100,000 at a fixed interest rate of 4 percent annually. Per month, you'll pay $477 excluding insurance and taxes – that's $5,724 per year. We'll work with the annual figures to make the math easier.
In the first year, the interest charge will be $4,000 ($100,000 x 4 percent), with the remaining $1,724 ($5,724 - $4,000) going toward the principal. The outstanding mortgage balance as you enter year two is $98,276 ($100,000 - $1,724). In year two, your payments will stay the same ($5,724 per year), but now the interest charge will be approximately $3,931 ($98,276 x 4 percent) while the principal payment will be $1,793 ($5,724 - $3,931). That's $69 more per year going toward the principal portion of the loan.
Over time, the portion of the payment that's allocated toward the principal will get larger, and the portion allocated to the interest will get smaller. That's because you've paid money toward the principal amount, thus reducing it, and the interest is calculated on a smaller balance.
Is the Mortgage Front-End Loaded? - The Mortgage Professor
This article rebuts the fallacy that lenders make extra profits by loading interest into the early years of the loanwww.mtgprofessor.com
Aaron doesn't seem to want to budge on the price. Seems like if you go 0%, you lose the rebates. The only rebates offered in my area are $1250 and $500, and you lose the $1250 one if you go 0% financing. Looks like the south gets an additional $1000 that we don't have in my area.
May I ask where you got your deal from and when was it? Thanks!
Only thing is that they don't have what I'm looking for and it sounds like having one built is taking a long time.
Last week - from Aaron.
What did you do to get that deal from him? Also, is it an ordered deal, or did you get one off the lot?
He had to give him a lil rub... Aaron is cheap like that
I was going to order but he ended up getting a delivery that was exactly what I wanted so I snagged it as soon as it showed up. Ordering vs on the lot inventory pricing was the same.
Thanks! Did you negotiate with him or was that the initial price he gave you? 0% financing as well?
May I ask where did you get your deal from and how did you get your price so low? Thanks!
Last 5-10 pages will tell you a bunch of stuff. Also read Silent Bobs post that he put together.
