Another type of sales promotion for vehicles is to advertise the choice between a “Cash Purchase Price” or “0% Purchase Financing.” The tiny print at the bottom of a GM Canada full-page advertisement included the statement: “The GMAC purchase finance rates are not available with and are not calculated on the ‘Cash Purchase Price’ shown. The difference between the price for the GMAC purchase finance offer and the ‘Cash Purchase Price’ offer is deemed under provincial laws to be a cost of financing.” In other words, there are two prices for a vehicle—a lower price if you pay cash and a higher price if you want to take advantage of the “0% financing.” An additional disconcerting aspect of this type of promotion is that the higher price for the 0% financing is usually not quoted in the advertisement. Rather, it must be negotiated with the dealer. Suppose the “Cash Purchase Price” of a car is 23,498, and the price that qualifies for full 0% financing (with 48 monthly payments) turns out to be 26,198. What effective interest rate will you be paying for the “0% financing”?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more