I am looking into purchasing a new vehicle [Ford] soon. It's an 06 model so the price is already pretty low right now, but here is my question:
My brother seems to think it's always best to deal with cash and for the most part, I agree.
But in this case... If the vehicle is 12,995 in the paper and I have about $8,000 to put down should I really put it down all at once, or should I make the dealer think that I plan on financing with them and then apply it to principal on my first payment? (I plan on paying it off ASAP, less than a year) My thinking is that if the dealership thinks they are going to make money off of me on financing, they may go easy on the bottom line price instead of jacking it up and telling me that they are all out of the 12,995's but they have one for $18k or so. Is this logical or am I way off base? I dont really know the technical aspect of how they work, except that they will try to get as much money as possible out of me, but I want to pay the least.
2006-10-17
09:13:17
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10 answers
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asked by
nonsynthetique
1
in
Buying & Selling