2006-09-30 13:41:51 · 13 answers · asked by Kay H 1 in Cars & Transportation ➔ Buying & Selling
Only your finance charges.
2006-09-30 13:57:06 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
If you are paying cash then you have the upper hand. Go from dealer to dealer...this may take some time on your part but tell them....I'm paying cash and I'm buying the best deal. Find the hungry salesman. Let them know you are going to buy a car...you can save a bunch that way. I can't give you an exact amount...that depends on who you are dealing with.
What I would do is ask them...what do you think is a fair profit on a car?
Do not talk to the finance manager...he'll screw you right away. Talk to the salesman and the owner of the dealership. No one else.
Here is an idea....look at kelley blue book .com Put in the car you want...and in the mileage area put 10000 miles...get that quote and offer them that...you will get a fair quote and use that.
Of course don't tell them you did that...just offer them that price and say that's what I'll give today....tomorrow I may buy from the competitor.
Hope this helps
2006-09-30 13:55:13 · answer #2 · answered by Kenneth S 5 · 0⤊ 0⤋
What you'll save, IF you've gotten the very lowest price possible on the car you're interested in, is the financing charges, which, depending on the length of the financing, can be several thousand dollars.
I agree with the advice of Munya Carr - except for when to visit the dealership. The best time to shop for a car is at the END of the month. Dealerships LIVE on monthly units sold, partly because the total units sold in a month effect bonuses so much. You'll get your best deal if you purchase at the end of the month because dealerships are hungry to get those last few units sold before month end.
Since dealerships will try to chop up the sale (and screw the customer on each portion of the sale) just try to get them to focus on giving you the LOWEST price for the car you're interested in. Tell them you don't want to talk about financing or how much you want to spend in monthly payments - just force them to give you their lowest price. If they refuse to play by your rules (and trust me, they won't want to), just politely thank them and leave.
Good luck. Buying a new car is such an exciting thing to do!
2006-09-30 14:00:20 · answer #3 · answered by loveblue 5 · 0⤊ 0⤋
Go on a Monday morning in the beginning of the month.
Don't tell them you are paying cash. Make sure you research as much about the car as you possibly can--including what the dealer's price was (consumer reports.org can give this to you for a fee, I think 4.95 or so)...Also get the names of other dealers in the area with the SAME VEHICLE, you can toss that around. NEVER EVER answer the question "how much of a monthly payment are you looking for?" NEVER.. Mention the weather, the color of that car, etc.
Once you get a price close to what you know the dealer cost was, tell them you are ready to cut a check today for...X. If they laugh, or blow you off, pick up your keys, purse, etc (ps, never ever give them the keys to your car..>NEVER!), AND WALK OUT! if they dont come running after you, they'll be calling you at home within the HOUR!
2006-09-30 13:47:47 · answer #4 · answered by Munya Says: DUH! 7 · 1⤊ 0⤋
You will save a few thousand dollars in finance charges since you are paying cash for a car instead of financing and paying a car note..
2006-09-30 13:44:41 · answer #5 · answered by brotherb95 3 · 0⤊ 1⤋
cash does help,,but now days the dealers want them to be financed,,because of the interest involved,,i bought one and they tried to talk me in to financing it,,they really didn't want me to pay for it strait out,and kind of acted like they didn't care whether i bought it there or not,but they had the one i wanted,so i did purchase it from them,,but they did loose all the interest they would have gotten from me over a 5 year period of time,,but you will save some on it,,its hard to say how much though,,good luck with it,i hope this help,s.
2006-09-30 14:01:10 · answer #6 · answered by dodge man 7 · 0⤊ 0⤋
why 6.50 percent to much interest? Invest 5,000 dollars and make more than 7.00 percent earnings yearly? Don't pay cash, use cash toward retirement! Use the banks money!
2006-09-30 13:47:55 · answer #7 · answered by John Paul 7 · 0⤊ 0⤋
Depends on how good you are at haggling with the car dealers and salesperson. They will try several techniques and come at you from several different directions to get your money and they are well trained professionals at doing it. Don't let them confuse you, know what you can spend and stick to it. Pops
2006-09-30 13:50:26 · answer #8 · answered by Pops 6 · 0⤊ 0⤋
I am guessing none. A dealer will give you a better price on a car if you finance it with them, because they will make money on the financing.
2006-09-30 13:46:02 · answer #9 · answered by jerkstor 1 · 0⤊ 1⤋
At least $13,000.00 will be for the cheapest car I think..... But it depends on what kind of cars you want to buy then you might have to save a lto more!
2006-09-30 13:45:06 · answer #10 · answered by sunflower222 5 · 0⤊ 1⤋