Say I was going to buy a new car and was willing to pay for it all in cash, how much of a discount from the original price would I get at a dealer? Then what is the discount for used cars also?
2007-02-21 01:57:01 · 8 answers · asked by Pinkalious 2 in Cars & Transportation ➔ Buying & Selling
That is a pretty tough question to answer since every dealer is different. It likely would vary greatly depending upon the initial price of the vehicle and in my estimate would be about 1-3 percent. With a used car you have much more flexibility especially if you go to one of those "buy here pay here" lots and offer cash. It's rare to find a car worth buying at one of these places as they usually deal with poor credit and buy auction cars. I know people who have actually purchased good cars from these places with cash and taken about 10% off the purchase price. Of course you have to remember that if they do in house lending they will overcharge you for the car to begin with since they do not require an appraisal for loan approval.
Go and find a nice lease return car that is 2-3 years old with about 20-30k miles and buy it. Let someone else take a bath on the depreciation and the car is still next to brand new anyway. You won't have to wheel and deal and will have a nice ride at an excellent price!
-Monkey
2007-02-21 02:05:17 · answer #1 · answered by monkey tuesday 3 · 0⤊ 0⤋
As little as possible form the dealer. You have to do a little homework,and try and find out what the dealer invoice cost of the car is. The sticker price and actual invoice cost to the dealer may be as much as $5000-$8000 difference on common everyday cars, excluding Chevy Corvetts and Dodge Vipers, which are almost always sold near sticker price, because of demand.
2007-02-21 02:07:02 · answer #2 · answered by WC 7 · 0⤊ 0⤋
If selling price was the only consideration, I think you might be able to get a better deal by financing, since dealers get a considerable commission from their finance companies. You will have to determine though, if in the long run, you are better off investing your money, or paying cash and avoiding finance charges.
2007-02-21 03:31:18 · answer #3 · answered by cottagstan 5 · 0⤊ 0⤋
hello pink it depends what type of car you are buying and what they are giving you a discount on the options they are also offreing as a discount item and you do save a lot by paying cash whenyoy buy paying with cash instead of credit also
2007-02-21 02:10:40 · answer #4 · answered by haroldgardner62002006 2 · 0⤊ 0⤋
your discount goes by the seller, or employee,u could get so much for paying cash, but it is not good to pay cash right out for a car
your smile gets your discount
2007-02-21 02:07:46 · answer #5 · answered by chuckwick 1 · 0⤊ 0⤋
Not sure but if i were to do that i would get the employees discount plus another 1000.00 off because my dad retired from GM and has since past away..
2007-02-21 01:59:51 · answer #6 · answered by Mary O 6 · 0⤊ 1⤋
to be honest most dealers will give you a better deal if you finance through them since they will make money on the back end of the deal by financing through them, they get a kick back from the lender.
2007-02-21 03:06:43 · answer #7 · answered by Chris L 2 · 0⤊ 0⤋
i would break their balls till they cry for mama
2007-02-21 03:55:19 · answer #8 · answered by willow 3 · 0⤊ 0⤋