Quote:
Originally Posted by AlinDenver
When I made my deal in early March, there was a $2500 credit if I financed. Because I am allergic to owing money, I had told the associate I planned to pay cash. He suggested I finance to get the credit and then pay it off in three months. I don’t know how sacred the three months is. I made the first payment a very large one to reduce interest. Today I mailed a cashiers check to pay off the balance.
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Dealers get charged for the incentive if a person pays off the loan in less than three payments. There would be no penalty to you if you paid it off before three payments.