Quote:
Originally Posted by albertGQ
Anyone here on CP able to buy a new car with cash? I'm not talking a beater for like $3k or less. But a brand new $20k+ car from the dealership
I've only bought one brand new car in my life but we had to finance it. 7 year term at only 0.9% interest rate.
So anyone ever pay cash for their brand new car?
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Well since the reference thread was locked....Although it does get brought up a lot in the car salesman thread.
I have done so twice, although one time a trade was involved. It really depends on the vehicle though. Today's dealerships rely on financing to make money as vehicle pricing is pretty competitive with the Internet being able to give everyone easy access to prices.
It seems car buying these days involves negotiating price, than you pay for it, through another round of haggling. Even if you state that you're paying cash, they still try to send you to the business manager. So paying cash maybe can get you around them trying to add a bunch of extra stuff you don't need.