Well, yes it is…for a little while.  The main “gimmick” behind the $79 down and $79 a month is that it is a subsidized payment.  In other words the dealer pays the difference between your actual payment and the $79.  If your payment would actually be $379 the dealer would pay $300 and you would be responsible for the $79 for a set period of time.  Typically the subsidized payment is only for 3 months and then you would be responsible for the full payment.  

Is it a good idea?  For some people it is.  Sometimes people just need a few extra months to pay off a credit card, take care of Christmas expenses, etc before they can afford the extra cost incurred with a new vehicle.  For them, perhaps it would help them get in to a newer car a little quicker.  It may be a good idea for this type of individual.

Let’s do the math though.  Most car payments are around $400 a month.  If the car dealer is going to be paying $321 a month for 3 months, the dealer only pays $963 as a “discount”.  If you just had the dealer take the $963 off the price of the vehicle it would save you $18 a month off your total loan payment.  With the average finance term in America being 72 months it would total $1,296 in savings.  

If $79 down and $79 a month works for you then you can do that at Glenbrook Hyundai, the Happy Car Store in Fort Wayne, Indiana.  Visit our website at : http://www.HappyCarStore.com or if you would like to see our $79 down and $79 a month page check out http://www.wegotit.com/79down79amonth.html .

Just look at the subsidized payment as another option for your financing.  At Glenbrook Hyundai, we have serveral financing options including, Special low APR financing, Secondary credit financing, leases and more.  If you would like more information or to get qualified for financing at Glenbrook Hyundai go to http://www.happycarstore.com/FinancePreQualForm