Originally posted by GA Bowhunter
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Finance department at a Dealership?
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Well honestly my question is kind of personal. However, I guess it doesn’t matter because we are all family here at TBH.
Back in 2016 I was working offshore in the oil field I was 23 bought a F-250 got laid off and it ended up getting repossessed unfortunately, truck after that I had somebody co-sign. Now I am looking into getting another truck in my own name. What do you suggest I do with a fairly low credit score and a repossession on record? I have good work history and current am a plant operator so I make fairly good money.
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Originally posted by TalonErickson7 View PostWell honestly my question is kind of personal. However, I guess it doesn’t matter because we are all family here at TBH.
Back in 2016 I was working offshore in the oil field I was 23 bought a F-250 got laid off and it ended up getting repossessed unfortunately, truck after that I had somebody co-sign. Now I am looking into getting another truck in my own name. What do you suggest I do with a fairly low credit score and a repossession on record? I have good work history and current am a plant operator so I make fairly good money.
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I always buy the extended warranty- and then cancel it immediately.
I negotiate the best deal i can on the cars purchase price- go into finance and decline the warranty saying it puts me over budget. they end up lowering the purchase price to put the warranty on there and get me to take it. Week later- send in the cancellation paperwork and refund goes straight back towards the loan resulting in a 1-2k discount on your agreed upon price .
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Originally posted by TalonErickson7 View PostWell honestly my question is kind of personal. However, I guess it doesn’t matter because we are all family here at TBH.
Back in 2016 I was working offshore in the oil field I was 23 bought a F-250 got laid off and it ended up getting repossessed unfortunately, truck after that I had somebody co-sign. Now I am looking into getting another truck in my own name. What do you suggest I do with a fairly low credit score and a repossession on record? I have good work history and current am a plant operator so I make fairly good money.
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Originally posted by wes122984 View PostI always buy the extended warranty- and then cancel it immediately.
I negotiate the best deal i can on the cars purchase price- go into finance and decline the warranty saying it puts me over budget. they end up lowering the purchase price to put the warranty on there and get me to take it. Week later- send in the cancellation paperwork and refund goes straight back towards the loan resulting in a 1-2k discount on your agreed upon price .
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My feelings are extended warranties are a waste of money, but I'm sure they make a lot of money off of them. I bet for every one person that uses it, there a 100 that don't. These days cars are going to be pretty problem free for 100K miles, when the warranty expires. I have never owned a vehicle that i had a major repair in the 1st 100K miles, maybe i am just lucky. So i prefer to keep that money, and just suck it up and fix something if it happens, I am way ahead of them now anyway
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Originally posted by Z7buckmaster View PostWow... I can promise that it would be my finance managers last day if he lower a price that has been agreed by the customer just to sell a warranty. That store definitely have a bad process. Good for you on the savings.
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Originally posted by Rick View PostBut are lights covered by any warranty?
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Originally posted by Rick View PostMy feelings are extended warranties are a waste of money, but I'm sure they make a lot of money off of them. I bet for every one person that uses it, there a 100 that don't. These days cars are going to be pretty problem free for 100K miles, when the warranty expires. I have never owned a vehicle that i had a major repair in the 1st 100K miles, maybe i am just lucky. So i prefer to keep that money, and just suck it up and fix something if it happens, I am way ahead of them now anyway
I hope your daughter got her money's worth out of the Nissan with no issues.
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Originally posted by Burnadell View PostThe same here. I have "saved" enough over the years by NOT buying extended warranties, that even if I do (never have) incur a major expense I have saved enough to more than offset it.
I hope your daughter got her money's worth out of the Nissan with no issues.
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Originally posted by Burnadell View PostThe same here. I have "saved" enough over the years by NOT buying extended warranties, that even if I do (never have) incur a major expense I have saved enough to more than offset it.
I hope your daughter got her money's worth out of the Nissan with no issues.
I am sure there are plenty of stories where extended warranties have more than payed off for people. It's like the lease/vs buy argument. What works for some doesn't work for others.
Sometimes things just work out better for either option regardless of a few bucks over the span of your driving years.
With all the computers in cars now I won't hesitate to get extended coverage on whatever I buy next.
If you haven't had a car worked on lately you might be in for a surprise on what it costs these days.
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