Not exactly loan sharking... but I wanted to discuss how much you got your cars for and how you got your loans. I used to do car sales and from what I remember its not good to get your loans from the company your buying your car from. You see no matter how much you lower the price of your prospect car they will get you on your loan. I remember my managers telling me to lower the price on a car(when i get one) and then get your loan somewhere else. Ofcourse there are many different situations and angles which you can look at this. Lets discuss.

 

A statement of the obvious!

A car purchase can consist of up to three components, all of which s/b considered as separate transactions:
1) the incoming vehicle purchase
2) the trade
3) the financing

As an example, for my Tundra, I paid invoice, found a third party who wanted my 4Runner to do an "in and out" w/ the dealer (to save on taxes), and got the loan for the diff. from my credit union.