Buy Down Interest Rate Car Online

He pays an extra $2,000 today. His payment drops to $440.

"The rate is 8.5%," Marcus says, his voice smooth as a new transmission. "But we can get you down to 5.5% if you want to ." buy down interest rate car

"Exactly," Marcus nods. "If you plan on keeping this car for five or six years, you’ll save thousands in the long run. If you’re going to trade it in in two years? Don't bother. You'll never see that money back." He pays an extra $2,000 today

Leo looks at the SUV through the glass partition. He’s a 'drive it until the wheels fall off' kind of guy. He realizes that by "buying" the lower rate, he’s actually buying peace of mind for the next five years. He reaches for the pen. "Let's do the buy down." "But we can get you down to 5

No extra money upfront, but $500 a month for 60 months.

Who am I?

My name is Patrick McKenzie (better known as patio11 on the Internets.)

Twitter: @patio11 HN: patio11

Bits about Money

I write Bits about Money, a monthly-ish newsletter on the intersection of tech and finance.

Complex Systems

I host the Complex Systems podcast, a weekly conversation about the technical and human factors underlying infrastructure.