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General Automotive Discussion

Car Buying Tip from Ford Sales Manger: Paying Cash Better Deal? No! Read..

2 posts 2 contributors 1,051 views
MD

Mitchell DavidsonOP

  • Member since Oct 2003
  • 3 posts
  • Stockton, CA, USA
Oct 17, 2003 at 5:20 PM
Most people think paying cash is the best way to a good dal of a vehicle. To be honest with you, if you pay cash you are taking about $500 in finance money the dealership calculates into their deal off the table. 99% of the time you will get LESS off the price of the vehcile! Wow!

When you say "I'm paying cash!" you may be shooting yourself in the foot.

Quick tip for fixing that: Pay cash but dont let them know! Here's how!

Work the deal as you normaly would. Talk about PRICE and TRADE IN and don't even ask about interest rate. If they ask you say "I DON'T CARE, WHATEVER"
LW

Linny Wingard

  • Member since Mar 2003
  • 28 posts
  • Charlotte, NC, USA
Nov 29, 2003 at 9:32 PM
*MOST* car loans (and the finance guy should tell you upfront) don't penalize for early payoff. Get a loan, if it helps you get a better price, and pay it off, ASAP.
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