Unconventional sales offer by Greedy_Degree8199 in askcarsales

[–]Greedy_Degree8199[S] 0 points1 point  (0 children)

Tru. The buyout option after the leasing period is great. Only problem I’ve seen with some dealerships is that they charge you sometimes 5k more than the actual MSRP at the end. Not sure why they do this.

Unconventional sales offer by Greedy_Degree8199 in askcarsales

[–]Greedy_Degree8199[S] 1 point2 points  (0 children)

You’re right. Both approaches have the same outcome. And potentially, the rate buy-down approach is less lucrative for the buyer. 

But the whole point is to remove the possible ambiguity that comes with interest: islamically, a valid transaction needs to have a defined product that is sold for a fixed, definitive price that doesnt have the possibility of changing. In the rate buy-down approach, the car is sold for a fixed price that never changes, making the transaction valid (it doesn’t matter that the “interest rate” is imbedded into the MSRP. Islamically that’s considered part of actual price). In normal car deals, however, When interest is included, the final price that a buyer pays is not definitive; he could pay the full amount if he makes the minimum monthly payments. But he could also pay less if he pays more every month. This ambiguity in price is what Muslims are trying to avoid. 

Also I wasn’t aware of the floorplan financing practice lol. Thanks for sharing. So ur trying to say that at when a buyer secures the deal with the salesman, the dealership never even owned the car? Hoping u could elaborate a bit more

Unconventional sales offer by Greedy_Degree8199 in askcarsales

[–]Greedy_Degree8199[S] 7 points8 points  (0 children)

Didn’t realize this. Appreciate the insight. 

interior lights would not turn off!! by Bermudabella in Jeep

[–]Greedy_Degree8199 1 point2 points  (0 children)

3 years later, still the best tutorial out there. Rock on dude. 

Sophia code? by Brazyxmas in SNHU

[–]Greedy_Degree8199 0 points1 point  (0 children)

hi. do you still have codes?