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The Following User Says Thank You to albertGQ For This Useful Post:
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10-20-2012, 02:30 PM
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#2
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Franchise Player
Join Date: Nov 2009
Location: Kelowna, BC
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__________________
"...and there goes Finger up the middle on Luongo!" - Jim Hughson, Av's vs. 'Nucks
Last edited by bc-chris; 10-20-2012 at 02:33 PM.
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The Following User Says Thank You to bc-chris For This Useful Post:
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10-20-2012, 02:33 PM
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#3
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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I always pay cash for my vehicles. It helps me get rid of some of that drug money piling up in my closet.
Last edited by Rerun; 10-20-2012 at 02:40 PM.
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10-20-2012, 02:35 PM
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#4
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One of the Nine
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Buying my cars for cash gives me confidence.
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10-20-2012, 02:43 PM
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#5
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Franchise Player
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Last edited by DownhillGoat; 10-20-2012 at 02:46 PM.
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10-20-2012, 02:45 PM
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#6
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First Line Centre
Join Date: Jun 2011
Location: Edmonton
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I tried with my last vehicle, but the dealer had a deal on that they would knock off $1000 if you financed through them. They had a ####ty 6% rate but knocked the $1000 off at the end after we had agreed on price.
I financed about 20% of the value through the dealer to get the deal and then paid off the loan at the end of the month. I was actually pretty shocked as I thought I would be able to get a great deal by offering cash (a cheque technically) but they would much rather take a cut of the financing. Not sure if that is all dealers though, I only brought it up after we had settled on the price.
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10-20-2012, 02:48 PM
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#7
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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Quote:
Originally Posted by Rerun
I always pay cash for my vehicles. It helps me get rid of some of that drug money piling up in my closet.
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__________________
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10-20-2012, 02:55 PM
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#8
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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If you're asking because you're wondering if you'll be able to get a better deal with cash....you won't. Dealers can make a lot more money if you finance or lease the car. Cash is probably the last thing they want you to pay with.
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10-20-2012, 02:57 PM
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#9
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Appealing my suspension
Join Date: Sep 2002
Location: Just outside Enemy Lines
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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.
__________________
"Some guys like old balls"
Patriots QB Tom Brady
Last edited by Sylvanfan; 10-20-2012 at 03:01 PM.
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10-20-2012, 02:59 PM
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#10
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Why would you want to tie up $20,000+ of your money in a vehicle when you can you get financing at or close to 0%?
Take that $20,000+ and invest it in something that will give you a decent return and you'll be ahead of the game.
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10-20-2012, 02:59 PM
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#11
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Director of the HFBI
Join Date: Sep 2004
Location: Calgary
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bank drafts usual work. not sure how dealerships handle suitcases full of cash.
__________________
"Opinions are like demo tapes, and I don't want to hear yours" -- Stephen Colbert
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10-20-2012, 03:08 PM
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#12
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Franchise Player
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I bought a vehicle with a bank draft once, they specifically said they wouldn't take actual cash. I got a discount for not taking the 0 per cent deal financing they had, but then I had to be a bit firm that I didn't want their regular financing either.
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10-20-2012, 03:08 PM
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#13
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Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
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Quote:
Originally Posted by Rerun
Why would you want to tie up $20,000+ of your money in a vehicle when you can you get financing at or close to 0%?
Take that $20,000+ and invest it in something that will give you a decent return and you'll be ahead of the game.
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My last 2 vehicles were paid with cash. Both were a couple of years old with the previous owner paying much of the depreciation. Buying new is wrong.
__________________
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The Following User Says Thank You to Dion For This Useful Post:
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10-20-2012, 03:11 PM
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#14
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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Quote:
Originally Posted by Rerun
Why would you want to tie up $20,000+ of your money in a vehicle when you can you get financing at or close to 0%?
Take that $20,000+ and invest it in something that will give you a decent return and you'll be ahead of the game.
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While that makes good financial sense, sometimes the peace of mind of not having debt is worth it on it's own. That, and most people would likely not invest that money into something worthwhile, and instead just waste it on something else.
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The Following 5 Users Say Thank You to Table 5 For This Useful Post:
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10-20-2012, 03:12 PM
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#15
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Quote:
Originally Posted by arsenal
bank drafts usual work. not sure how dealerships handle suitcases full of cash.
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Actually $20,000 doesn't actually take up much room. A couple of stacks of these and you are good to go. Suitcase not required.
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10-20-2012, 03:15 PM
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#16
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Referee
Join Date: Jan 2005
Location: In your enterprise AI
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Use sacks of coins with "$" written on them
__________________
You’re just old hate balls.
--Funniest mod complaint in CP history.
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The Following 3 Users Say Thank You to MRCboicgy For This Useful Post:
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10-21-2012, 07:09 AM
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#17
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First Line Centre
Join Date: Apr 2009
Location: Calgary.
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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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I had intended to buy my car for cash. When I discovered a 1.9% finance rate, I financed instead. The invested cash has made me a lot more than 1.9%.
Honestly, I can't see paying cash for a car is the finance rate is below 2.9%. I think you did well.
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10-21-2012, 07:12 AM
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#18
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First Line Centre
Join Date: Apr 2009
Location: Calgary.
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Quote:
Originally Posted by Dion
My last 2 vehicles were paid with cash. Both were a couple of years old with the previous owner paying much of the depreciation. Buying new is wrong.
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I've always wanted to drive a brand new car off the lot. I decided to do so while I was younger and was happy with a $25,000 car. I can't imagine paying full pop and eating depreciation on the kinds of cars I like now. Insane.
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The Following User Says Thank You to WilsonFourTwo For This Useful Post:
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10-21-2012, 07:26 AM
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#19
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Powerplay Quarterback
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Quote:
Originally Posted by Dion
My last 2 vehicles were paid with cash. Both were a couple of years old with the previous owner paying much of the depreciation. Buying new is wrong.
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so if everyone got smart and only bought used, where would all the used cars come from? (seeming it is wrong to buy new)
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10-21-2012, 07:44 AM
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#20
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Self-Retirement
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Quote:
Originally Posted by Zethrynn
so if everyone got smart and only bought used, where would all the used cars come from? (seeming it is wrong to buy new)
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The CP 1%. 
I agree with Dion, I will never buy new again. 2-3 year old cars are nearly half the price.
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