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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (7927)	11/25/2001 11:07:25 PM
From: puborectalis	Respond to of 99280

Part of the problem...........http://www.siliconvalley.com/research/salarysurvey/2000/charts/topsalaries061701.htm

To: sylvester80 who wrote (7927)	11/26/2001 4:08:34 AM
From: I. N. Vester	Read Replies (1) \| Respond to of 99280

cost of 0% financing on new cars is less than you think. 3 year sales contract on $20k at 5% would be much less than $3k over three years, more like $1.5k. it would be $3k if the principle amount stayed at $20k, but that's being paid down, so average amount financed over 3 years is only about $10k.... if 0% financing is not over and above very significant markdowns, it's well within the range of standard discounts off the sticker price. anybody who pays sticker minus a $1.5k financing discount would not be getting a bargain price! do the math, no way it's true that "car companies are losing $8000 per car with 0% financing".