Concur 100%.

Exactly, the manufacturer cash goes to you, or to the captive lender for a lower rate. It’s called a subvented loan. Third party lenders don’t get that offer.

I haven’t financed a car in ages. But when I have, I tell the salesman to give the finance guy fair warning that I will walk if he tries to upsell anything. I hate that.

I did just buy, actually. Went against my own principles and went new. There were good employee discounts going.

Zero percent from a manufacturer’s captive finance company has more to do with moving inventory than market intetest rates.

If you can show me a credit union offering 0%, I would be very interested in seeing it. I can’t say I know their business entirely, but I’m very familiar with traditional auto lending. You’re right, it’s not rocket science, lenders are in business to make money.

Long rant, but so true. Title is your legal claim to ownership and people don’t seem to get it

Not accurate. Most captive finance companies have very little subprime business. The captives get the interest made up by the manufacturer subvention.

Many incentives are tied to using the automaker’s captive finance company. In general, the incentives are sweeter if financing with the captive. You won’t ever see 0% with third party financing.

Additional detail in the minivan listing would just be an admission of guilt.

Hoooo boy, he’s taking the leap from suicidal rusty Jeeps to homocidal murder vans.

Oh the horrible things I would be willing to do to own this car......

This, but silver.

Your dealership did the repo? Never heard of that before. Typically the lender had to remarket the car through an auction to ensure the borrower gets representative market value for the car. If CAC is doing repos via an arrangement with people selling their product that would be really sketchy.

Almost dealers have financing with subprime sources. If their primary/captive finance source won’t accept the applicant, they use an alternative.

Finance companies generally aren’t direct lenders/dealers, so they can’t resell the car. It’s costly to pay a repo agent, recondition the car and sell it at auction. It’s a losing proposition to repo a car. It’s actually the 65% of the customers that do make their payments at high rates that make it profitable.

Since there were only like 7 of these ever purchased, can it really be considered more infamous than say, the MK6 GTI timing chain?

I was going to buy one, but the $50k in annual service just seemed a bit high.

Baked in a diesel oven.

Funny thing is I’m not a truck guy at all. I got my first used hardbody to save commute miles on my BMW because they last forever and hold value. I began using it for so many things that now I can’t live without one.