Quote:
Originally Posted by pylon
Not everyone has 30 g's burning a hole in their pocket.
And contrary to popular conception, dealers want you to finance, and will be more flexible knowing you are. Having cash in hand never gets you a better price. Maybe 20 years ago, but not anymore. Yes you pay interest, but there is nothing stopping you from taking a loan, and paying it off in 6 months. And in a scenario like that, the interest is only a few hundred dollars in many cases, yet you saved another 800-1000 on the car by doing so.
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Financing leads to people buying cars they really can't afford. If they discipline themselves, buy cheaper, reliable, and of course used, they will have more money for other things -- cars included -- down the road.
Dealers want you to finance because they get a fee for every loan granted.
Pylon, if there's some magic reason other than making money off a loan, please explain why a dealer will sell for less if you finance through them.