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Wells Fargo 2 Year Same as Cash

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dazedandconfused:
I hear that based on your credit, this option is offered at SD dealers.

Is this a limited program or a standard financing program?

Also, do you have to make any payments within the 2 year program?

Chas:
You will have to ask a dealer who is using that plan. Some 'same as cash' plans offer no payments, others require regular monthly payments.

The ones with the payments are usually cheaper for the dealer, and are more common. Also, programs with a shorter terms are cheaper than ones with longer terms.

I offer a 90-day SAC program with deferred payments, and occasionally will offer a 180 day program. Ours have no prepayment penalty, so if you pay off before the due date you will have paid no interest or fees.

Dr. Spa™ Ret.:
2 things to keep in mind regarding these types of financing.

1. The dealers generally pay a fee for them, so you should be able to get a discount if you pay cash.

2. The bank is hoping you you don't pay it off in the time frame and may back charge you for interest for the entire time period, along with exorbitant interest rates and fees.

wmccall:
Do you love spam in your email in-box?   Wells fargo buys sales leads from people who fill your email box with spam for low interest loans that don't exist and are obnoxious on many fronts.

Chas:

--- Quote ---2 things to keep in mind regarding these types of financing.

1. The dealers generally pay a fee for them, so you should be able to get a discount if you pay cash.

2. The bank is hoping you you don't pay it off in the time frame and may back charge you for interest for the entire time period, along with exorbitant interest rates and fees.
--- End quote ---



You should read the contract before you sign. The rate we offer is around 12%, which is neither great nor awful. With our program you do not pay any extra interest, and it's a revolving charge, so you can pay the minimum or pay it all off, and you can also add on items if you decide to buy more later.

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