Will automobile dealers save you money if buying a car with cash or check?
2007-11-20 07:15:57 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I've been selling cars for over 20 years.
Quite honestly, i couldn't care less how you pay for a vehicle, as long as you pay for it....period.
It is all cash to me.
It doesn't matter whether the 'cash' comes from your bank, my bank, or your Gramma's cookie jar...... It is still cash to me.
With electronic funding being pretty rapid, your funds are in my bank just as fast as if you handed me a wad of bills & I ran down to my bank.
2007-11-20 10:37:44 · answer #1 · answered by Vicky 7 · 1⤊ 2⤋
Yes, go to an assortment of dealers and tell them you want a written quote for a cash sale because you are looking for the best deal on a car. The options are what marks the price of the car up really quickly, so act as if the options they have are not a big deal. The less interested you act, the more they want to dance to your music.
When you find the car you want, give them a call in a few days and tell them you are interested in the car they have, and can they knock off another $1,000.00 or so to match the "Other" companies model that you have a quote on. And tell them you really liked their model, just the other car is cheaper.
They will want to make the deal really badly, you can save as much as 30% off the listed markup and even more if they are really hurting for sales.
Cash talks, just like having a poker face, don't let them know your hand.
2007-11-20 15:25:25 · answer #2 · answered by fogtender 3 · 0⤊ 0⤋
Paying cash for a car can save you money because you are not paying interest. At $15,000 car at 10% interest for 4 years would have you paying $3,261 in interest.
However, some dealers will not give you a good deal on the car if they find out that you are not financing thru them. The car dealers have lots of different ways to make money. The price of the car, the trade in, the financing, and the extras are the major ways. If they cannot make their money one way, they will make up for it another way. One piece of advice I have heard is to act interested in the financing but at the last minute decide to pay for the vehicle up front.
2007-11-20 15:24:32 · answer #3 · answered by A.Mercer 7 · 1⤊ 1⤋
oh yeah you can save a bunch. no intrest and the dealer would most likely knock down the price when you pay cash.
2007-11-20 15:32:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋