Going in with Cash Offer

[pierceography]

My friend has the same thought. Walk in with cash = get killer deal.

Why would it work that way? Cash, check, credit, financing- it all spends the same in the end. It's not like they can do it under the table and not pay taxes on that cash.

This practice certainly holds more water when it comes to purchasing a house. The real estate seller is more likely to accept an offer of all cash because the deal is less likely to fall through, expedites the purchase, and in some cases lowers seller closing costs.

But almost none of those apply when purchasing a vehicle. The inventory model isn't even close to comparable, and neither is the business model (manufacturer, dealer, bank, buyer).

If you want the bragging rights of buying outright, do the deal in cash. Otherwise, finance it and throw the capital into a fund with a nice 5% yield.

 

[smurfslayer]

Thanks, i'll usually do what I do and keep at them to get the lowest price. Here they had a $10,000 markup on them, now dealer called and said they are offering $4000 over sticker.

Dealers in the DMV are by and large alpha hotels. You’ll be better able to negotiate in the boondocks/hinterlands/sticks than you will anywhere close to Washington, DC or Bal’mer... Hun. ;-)

I think Koons(?) is still sticking to 10k ADM and at one point were asking $15k over.

DO NOT pay over MSRP.

It seems the negotiations are back on the Raptor, many here are getting 2-4k under MSRP.

 

[Quaesta]

I went in with cash on my purchase and ended up financing and immediately paying offf. The dealer definitely gets a kick back on the financing. Just make sure you have them add a zero pre-pay penalty on the financing agreement and watch for bs finance charges.

 

[Blown00gt]

As all have mentioned I gave dealer a price I would pay. They weren’t going to do it then finally said if I finance through them they would so they get the kickback.

 

[Trackar]

If you pay cash you can always pay with a credit card that gives you rewards, assuming you pay it right away obviously. Say you get ~80k points from it, you can use it towards your monthly balance so ~800-1k less you need to pay. Or you can redeem them in other ways making it worth a few thousand... Depends on the card you have. Free vacation if you do it right

 

[brettmess24]

If you pay cash you can always pay with a credit card that gives you rewards, assuming you pay it right away obviously. Say you get ~80k points from it, you can use it towards your monthly balance so ~800-1k less you need to pay. Or you can redeem them in other ways making it worth a few thousand... Depends on the card you have. Free vacation if you do it right

I don’t know of any dealers willing to let you pay your auto purchase with a credit card unless your willing to pay their merchant service charges add 2-3%. Not a good idea

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[Trackar]

I don’t know of any dealers willing to let you pay your auto purchase with a credit card unless your willing to pay their merchant service charges add 2-3%. Not a good idea

Sent from my iPhone using Tapatalk

True I guess it depends on the dealer, my local dealer said it would be perfectly fine. I know that's how alot of the local businesses buy their company trucks from them so I guess that helps.

 

[SSWIM]

If you pay with a CC you will pay the fee one way or the other.

Sam

 

[SilverBolt]

If you want to have some fun. Negotiate your price and then start stacking bricks on the table. They will shit their pants looking at a large pile of dead presidents.

 

[df4801]

True I guess it depends on the dealer, my local dealer said it would be perfectly fine. I know that's how alot of the local businesses buy their company trucks from them so I guess that helps.

They will only accept credit cards if they can charge you an extra 3% over what they would have normally charged.