financing through the dealer?

[Qwest905]

hi sorry for all these topic threads lately, but i'm a first time buyer

do you recommend financing through the dealer. The dealer finance rate is 1.8% which is very attractive?

i'm wondering are there any fees financing through the dealer, should i expect any additional costs besides the 1.8%?

thanks

[booblehead]

1.8% is pretty low ... but there are incentives out there now which is ranged from 0% - 0.9% financing (especially for domestic cars). I think Mazda is doing the 0% for the 2009 cars which started last week.

No additonal (paperwork) financing fees should be charged. Make sure the financing is directly offered from the Manufacturer (not from a 3rd party lender such as banks or other financing companies).

I believe the only fee involving is just the (Lien Registration) PPSA fee of $50 or so.

[Jeff-TheBiz]

^ What they said..

ANd the PPSA is charged by the bank not the dealer and is dependant to the term and each bank has a slightly different charge but it should be between $40 and $75.

[m4gician]

With the economy the way it is, dealers would be stupid to offer you higher finance rates. In most cases (OAC), dealers now are offering rates as low as 0% for up to 72 months in some cases.

While it doesn't seem like it now, half way into this agreement you're going to feel very good that you're paying 0% and earning 4%-5% on your savings/secured investments.