What? I'm not sure what you did. I thought you were saying that you got the extras for cheap because you financed your car...
I put down about 55% of the cost of the car and I financed the rest. The fianance person told me that I had the option to use my own bank/credit union if I choose. On the contract it says that I have 7 days to pay off the amount that I financed with Toyota Financing otherwise they automatically assume that I take Toyota's loan. I did not buy any extra warranties, alarms, or service plans with the car. I was not offered GAP insurance either. The interest rate on the remaining 45% of the cost was 9.6% for 3 years.
I went to my credit union the next business day and I applied for a loan and they gave me 3.5% interest rate. It saves me about $60/month over Toyota's rate. Over a period of 3 years, that comes out to over $2k.
If you have the same forms as I do, there should be a long yellow form titled "Retail Installment Sale Contract - Simple Interest Finance Charge" About 1/3 the way from the bottom, above the red writing, it says:
Quote:
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OPTION: You pay no finance charge if the Amount Financed, item 7, is paid in full on or before (date agreed by you and dealer), year (year). Seller's Initials xx
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That part is marked off and the date is 7 days after I purchased the vehicle.
But are those extras you bought part of the amount you financed? If you purchase those extras after the sale, the price might be higher - I honestly don't know though because I declined them all. They might offer a lower price during the sale as incentive to persuade you to buy them then without giving you a chance to give it much thought.
