> Interest rates (such as "0% APR") that are artificially lower than prevailing market rates means the missing extra interest is embedded in the sales amount in the form of a higher price. TNSTAAFL.
A more accurate way of saying this is that the dealer is using incentive money to buy points (as is available in the mortgage market). You can ask dealer to apply that to the price of the vehicle instead. Many dealers already offer that kind of choice in their advertisements already (cash bank or no interest financing). Which way works out better for you depends on the terms of the loan etc. It's all the same to the dealer though.
With below-market interest rates (0%, 1.99%, etc.) it’s almost always the manufacturer that is buying the points (if you want to look at it that way), not the dealer. Therefore, the dealer has no incentive to give you a cash discount in lieu of the lower rate, unless the manufacturer itself offers that trade off (which as pointed out, they sometimes do, but often do not).
Yes the incentives I mentioned come from the manufacturer. My experience has been it's cash back (to the buyer via the incentive) or the special finance rate. For my last loan it worked out better to take the cash back so that's what I did.
Sure, but that's actually not necessarily the norm. Or even when a cash option is offered, its much less than the value of the below-market financing (like $1K-$2K vs. a 3% below market interest rate on a $50K car which is worth closer to $4K).
This is a good sub thread for a lot of people buying a car, who haven't before.
Another trick in the industry, is the "price the dealer pays". This is mischievous, as the dealer does indeed pay that price for the car. However, they receive incentives quite often, in terms of kickbacks for sales made. So they dealer can gleefully say "This is what we paid for the car", whilst in parallel not indicate "Well, we received $5k as a kickback from the manufacturer later".
The manufacturer often also has monthly blitzes, discounts of the month, which the dealer will not really inform you of. After all, that's extra profit if they can trick you into paying full price.
In the early days of the internet, there used to be excellent services to discover all the discounts the dealers had, so you could a proper assessment of their actual cost. Thus, you'd be able to haggle with both eyes open.
For Canadians, The Automobile Protection Association (APA), https://apa.ca/ is legit, and offers such a service for a fee. Not sure what Americans might have. Or who to trust there.
Knowing what the car actually costs the dealer, is immense power when negotiating.
> This is a good sub thread for a lot of people buying a car, who haven't before.
Isn't the most economical option buying a used car? Less than 2-3 years old, initial kinks under warranty have been sorted out and you get a discounted rate beyond the retail price with barely any milage.
It can be, depending upon tax and depreciation laws in your area. EG, I run a small business and can deduct depreciation for business use. I have a full warranty too.
But one point too, if no one buys new, no used cars exist. And if too many buy used, their price goes up.
But really, my comment was just focusing on new, and how to get the best deal therein.
It doesn't actually work the way it's portrayed in It's a Wonderful Life. The banks don't use depositor money to make loans. I suspect you will think what they actually do is even worse. Look into fractional reserve banking.
Never seen that movie but did watch a documentary ages ago about fractional reserve banking yes.
The bank still uses the deposit money in that system. You are right to point out those same people on the street I mentioned would freak out even more if they knew that banks essentially lend out more than we deposited and also that they might sell your debt and all that jazz (I bet most people either never understood what happened in 2008 or forgot already other than a vague "yeah mortgage crisis")
> The question is _where_ the error needs to be handled. It's almost never directly at the call site.
Which is why exceptions in Java can bubble up the stack? You don't have to catch it in a particular method you can let it go to the caller of the method, and so on.
I agree with you but I would extend that observation to include the age of the industries. We have been making structures for thousands of years. Software is an infant compared to that.
I think that has more to do with than some unverifiable sentiment like "software people are simply inherently less serious than other engineers".
The point is that no human had access to the same data, because the LLM used the unpublished work of a number of mathematicians. The only way for a human to gain access to the same work, i.e. the same dots to connect, is to be in active collaboration with those mathematicians. In which case they would all be included in the resulting paper.
Some of the QRH results, for example, weren't due to unpublished work. The AI pulled together a number of ideas that were known to people, but who didn't realize that connecting them would work. I detect more chagrin than outrage.
The docker daemon runs as root by default which IMHO is a security issue on machines with multiple users. For those machines, consider a rootless docker set up where each user runs their own docker daemon. (This is a supported configuration.)
All of the above applies to Linux, ymmv on other OSes
A more accurate way of saying this is that the dealer is using incentive money to buy points (as is available in the mortgage market). You can ask dealer to apply that to the price of the vehicle instead. Many dealers already offer that kind of choice in their advertisements already (cash bank or no interest financing). Which way works out better for you depends on the terms of the loan etc. It's all the same to the dealer though.
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