RE: they are taking back the GLX!

["Squier, Craig L. " <Craig.Squier@alcoa.com>]

To put a long story short, the dealer will give you alternate financing
(not through VCI). Why you pay more? Simple. The alterante financing
places generally charge twice the interest of the auto makers. All the
extra $90 in your payment was interest. Be wary of them thar
varmints.....

Craig

>----------
>From: 	jeremy.brandow@ilsinc.com[SMTP:jeremy.brandow@ilsinc.com]
>Sent: 	Wednesday, December 03, 1997 5:26 PM
>To: 	jettaglx
>Subject: 	they are taking back the GLX!
>
>I found out today that VCI will not approve me!  They say that my
>monthly payment can not exceed 18% of my monthly income.  The only way I
>could get into the GLX would be to have a co-signer.  Or they could get
>me into a 4 cyl for 280 a month.  There is no way that I am going to
>settle on that deal!
>  One thing that I don't get is,  The dealer said he could approve me if
>I bought the car.  He said my payment would be 450 for 70 months, what
>the hell!  He can't approve me for a lease payment of 360 a month, but
>he can RIP me a new one, and approve me with a payment of 450/70
>months.  What gives?  
>  I was so close to owning my favorite car.  I was able to drive it for
>three days of bliss.  I had everything set, my insurance, money for the
>down payment.  Now they say that I don't make enough money to afford the
>GLX.  I think I sould be the one to determine that!
>  I gues it would be asking to much for them to get the payment down to
>$280.
>  What really sucks is, they say my credit is perfect, but I don't make
>enough.  I wont be able to get into a GLX until I make more money than I
>do now.  I don't see that happening for a while.  I'm 21 years old, and
>I can't even get a car that I budgeted myself to afford.  I just need a
>rich unckle, I need to will the LOTTO, but then don't we all?
>  Oh well, I've let this get to me too much.  I am going to try and
>scrape as much money together as possible.  Then I will try to lease
>again.  
>  I have to turn the car in to the dealer tonight.  I wonder if I could
>turn right around and lease the same car at it's new cost.  after all it
>should have depriciated in value, because I drove it off the lot, right?
>  Thanks all for your input through this whole thing.  I hope I will be
>the owner of a GLX before they change the body style.
>
>  Later,  Jeremy Brandow
>