Cars We Drive!

[patrick_b]

Pic from the event Monday.

Few more from the event photog:

 

[DubbyThaFerrgamoCZAR]

@Thrift Vader

 

[Omega Male]

Site Maintenance

www.gmc.com

Excuse me?

 

[DubbyThaFerrgamoCZAR]

Thats why GM is my fav manufacture they try something different and way out there. We had two H2's growing up. So cant wait to see these.

 

[clee1982]

@Thrift Vader

now that's a proper old school Century

 

[clee1982]

Site Maintenance

www.gmc.com

View attachment 1481917

Excuse me?

is that quoted with gearing?

edit: did a 2 second google, Car and Driver is pretty positive it's at the wheel (i.e. after gearing), so at engine is estimated to be ~1000 lb-ft

 

[Thrift Vader]

@Thrift Vader

That is definitely a 90's model. Those wheels are perfect on it. Not sure if i'd get the EWB but damn they are nice. I know you see it. Century is a thing.
Awesome video.

 

[jcman311]

Site Maintenance

www.gmc.com

View attachment 1481917

Excuse me?

Reserve Now!

oh wait, all reservations are full. First availability is fall 2022? No thanks.

 

[Jmm722]

Omfg it’s like Volvo doesn’t want business. The levels of incompetence in closing my deal are mind numbing.

I had to correct their math in the financing deal. They couldn’t figure out how to contact my payoff credit union, wouldn’t accept my PDF payoff letter, and somehow didn’t receive 5 faxes. They couldn’t figure out how to use USAA so I had to finance through them, which limited me to 60 months instead of 72.

They threatened to pull the deal because I’m taking too long, despite the fact that they provided the wrong information on 3 occasions.

I wasted like 6 hours this week on this horseshit

I’m going Super Saiyan Karen in the survey

 

[HRoi]

They couldn’t figure out how to use USAA so I had to finance through them,

they couldn’t “figure out” USAA so they forced you to use their finance company that gives them points on the loan? Yes, that’s totally not sus at all

 

[Jmm722]

they couldn’t “figure out” USAA so they forced you to use their finance company that gives them points on the loan? Yes, that’s totally not sus at all

The rate they got me was 1.99% for 60 months, which I’m not going to complain about. It was better than what USAA was giving me. Dealerships get a flat rate on financing now, not points.

 

[Piobaire]

Dealerships get a flat rate on financing now, not points.

This is good info. So they don't sell paper and keep the spread anymore?

 

[Jmm722]

This is good info. So they don't sell paper and keep the spread anymore?

Not in my experience. My father has two used car dealerships and gets flat rate. Maybe new cars and branded dealerships get other deals? Idk

 

[brokencycle]

they couldn’t “figure out” USAA so they forced you to use their finance company that gives them points on the loan? Yes, that’s totally not sus at all

Last time I bought a car they made a big deal about using a credit union for financing, so rather than fight them, I took their financing at some stupid high rate (probably like 5-6%, turned around the next week and refinanced with the credit union. Our rate was something like 1.9%. Over the course of the loan, the interest was trivial.

This is good info. So they don't sell paper and keep the spread anymore?

Talking to one of the guys I ride motorcycles with: the banks just give the finance manager money to use them. This guy pockets hundreds on each loan he does because he'll sell the car buyer a loan from a 3rd party rather than the brand's financing arm.

Take that with a grain of salt: the guy is a dealership finance manager, so he's a pathological liar and a monster on par with lawyers.

 

[Piobaire]

I know it used to be if the bank was buying paper at say 3%, and you wrote a deal showing 5%, the F&I guy got the spread (after the house cut, of course.)

ETA: I can remember back in the 90s a big can of **** got opened in Michigan as it seemed F&I guys targeted black customers for huge interest spreads and really expensive extended warranties and other things they sell in the F&I box. I can remember one case where the **** the F&I person sold the customer was actually over 50% of the monthly payment. Maybe some consumer protection reforms happened to prevent these abuses?