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Thread: whos our car salesman ?

  1. #1
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    Default whos our car salesman ?

    don't post here to much anymore. whos our resident car salesman ? Matt maybe ?

    just have a few questions , kicking around the idea of getting a new car. have an 07 Lincoln mkx to trade in but we owe more than its worth 9k aprox, mainly due to another vehicle that we rolled over into the payment. but we were having a baby and needed to ditch the small Pontiac g5 gt 2door, so we had to do what we had to do. were paying 240-250 a month for the mkx. her bank owns the title to the car ( navy federal ) , I guess my main question is do you think we can get a newer car for around the same price or cheaper than what were paying now ? leasing would be an option, she likes the sound of getting a new vehicle every few years.

    thoughts , opinions ?

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    Club Member Scooter70's Avatar
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    Matt isn't in sales anymore but he could refer you to someone else at the dealership. Actually I think B. House and his son are both salesmen at Varsity.
    Matt

    2005 Corvette Z51

  3. #3
    Club Member Anthony's Avatar
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    Kyle house is sales

    B.house is not a salesman.

    He's a BAADman!

  4. #4
    Club Sponsor 13SECSS's Avatar
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    For every 1k you roll into a lease is about $30 per month on a 3 year. It will be best to lease a new car and roll the money of need be. This way, in 3 years, your negative free. If you purchase and roll that money, you will be in the same spot again down the line.

    You need to find a good lease, as the lower the payment before the negative the better you will be.
    Steve Frankiewicz
    President. Frankiewicz Financial
    313-701-2771
    NMLS 164041/130290
    Equal housing lender.

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    Quote Originally Posted by 13SECSS View Post
    For every 1k you roll into a lease is about $30 per month on a 3 year. It will be best to lease a new car and roll the money of need be. This way, in 3 years, your negative free. If you purchase and roll that money, you will be in the same spot again down the line.

    You need to find a good lease, as the lower the payment before the negative the better you will be.
    so if I'm rolling over aprox 9k on a lease I'm looking at roughly an additional 250 or so a month, on top of say a 200dollar a month lease ?

  6. #6
    Club Sponsor 13SECSS's Avatar
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    That is correct. On a buy, the 9k roll would be less per month as the length of the loan is spread out further, but you will still be well above where your at now.
    Steve Frankiewicz
    President. Frankiewicz Financial
    313-701-2771
    NMLS 164041/130290
    Equal housing lender.

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    Club Member TTA's Avatar
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    9k, seems like an awful lot to bury. Would a bank allow that?
    Sick of cars.

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    Club Member Scooter70's Avatar
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    Quote Originally Posted by TTA View Post
    9k, seems like an awful lot to bury. Would a bank allow that?
    That guy in the Kia commercial on the radio said that just last week he rolled $10k into a purchase of a new Kia.
    Matt

    2005 Corvette Z51

  9. #9
    Club Sponsor B.House's Avatar
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    you can give kyle a call at 734-996-2300, and he can answer any questions you might have and see if we can help out !

  10. #10
    Club Sponsor 13SECSS's Avatar
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    I know Chrysler capital with good credit will hold the negative, ford credit is usually the same. The way that most if it work is, they use the discount to cover a lot of the negative, such as A plan, return lease, etc.....
    Steve Frankiewicz
    President. Frankiewicz Financial
    313-701-2771
    NMLS 164041/130290
    Equal housing lender.

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