The cash price will be higher than if you finance.
The last time we bought a car the guy was straighter with me than I
expected. He flat out said they did not want my cash and there was an
extra $1000 he could toss in if I financed some minimum amount. ($10k
I think) He also said I needed to keep the loan for at least 4 months
so I took the grand, divided the loan amount by 4 and made the first 3
payments, them I called for the payoff balance. It ended up costing
about $200 but that still netted me $800 off. We also got $10,000
knocked off of the sticker in an end of the model year deal. By the
time Obama had given me $4500 for a clunker, the IRS gave me a few
hundred in tax credits and they gave me $500 for the scrap value of
the rusted out truck, I was pretty happy.
Like you, with me cash is king. OTOH, I've heard (from an attorney
friend) that you can stick it to the man by going along with their
financing over a long period of time and crying poor mouth at the
They will, I'm told, cut you a better deal as they will get a piece of
the financing. So you let them "screw you" on the financing and then
instead of making the first payment, you pay the entire principal off.
You may get dinged a bit of interest but you should save quite a bit.
My daughter and her husband did similar with their first new car
purchase. She played the banker and her husband acted like he was not
allowed to speak. (Both are doctors. He's a DDS and she's a PhD)
She drove a hard bargain and they were intending to finance it anyway.
Salesman ordered up the car for them, they got the price they wanted and
when they went to pick up the car, she looked at the contract and asked
"What's this $500 here for?" Salesman told her "Oh, that's your down
payment in order to get financing."
She said, "Oh, you never told me that. There's been a misunderstanding.
Here's a cashier's check for $12,000. THAT's our down payment!"
On 04/06/2016 07:11 PM, Unquestionably Confused wrote:
I'd only purchase locally, if you buy out of state and there is a
problem you are probably screwed.
I have a friend who is a car dealer...mainly new...but when I needed to
get a car five years ago I told him basically what I wanted and gave him
the maximum amount.
Two weeks later he told me he found just the car I wanted and it was
"well below" what I had mentioned.
From the specs, it was a few thousand dollars less than similar cars I
saw in local ads. so I figured it would be a good deal.
I got there with my check book and the price was about $500 below my
max. Then he said there are such and such costs and when he was done
with his calculations ...how do you like that...it was five bucks below
my max. I of course knew he had that all worked out in advance...but it
did end up being a good car. In five years (other than oil changes) it's
only needed a brake job.
Neither did the kids. They capitalized on the car dealer's greed. She
even beat him out of the transportation charges and dealer prep. They
did a dealer swap and got the car they wanted from a dealership about 45
miles distant. She played dumb - even when he told her the
transportation charge was from the factory to the dealer - and just kept
refusing pay the transport and dealer prep. Why? "Well you already
told me the car is just down the road, I can go there and pick it up
from them instead of you and save the transportation charge. And why
should I pay you to prep a brand new car. The factory should have done
that. I'm not paying."
It was not unlike the practical jokes played on telephone solicitors.
My wife and laughed so hard. Betting that the sales sap was never so
glad to wrap up a deal and get them out of his store.
If you (as a car buyer) had the resources to obtain the information of
the previous owner of a vehicle you are considering, would you consider
that unethical to use that info and contact the ex-owner with questions
about the vehicle?
When I traded my old Corvette, the new owner found one of my business
cards and called me. We quickly figured out the speedometer had been
tampered with and I also told him it had already been around once. I
never heard what happened but he was not a happy camper.
It was showing 69,000 when I traded it and really looked more like the
true 169,000. They must have really shined it up pretty to get away
with the 40,000 it was showing.
Where would there be an ethics problem in that? That the seller has the
info and wouldn't share it is far more egregious. Most local vehicles
here thru the dealership with which I regularly trade offer the
privilege when they know the seller; it's something they bought off
auction or a program car such as this then it's not something I'd expect
them to dig up...but don't see why the prospective purchaser should have
any qualms to do so if wish.
Another story about girls. I had a job for the city of NY and I came
across a listing of thousands of names, iirc And it had their age and
where they lived, and I was tired of meeting girls who lived far away
from where I lived in Brooklyn, and some of these lived in walking
distance. It also showed whether they were single or not and probably
gave their phone number too. Something about the list made a much
higher fraction of them single eligible females, than the city as a
If I could have come up with a fool-proof story of why I was calling
them, and a way to make it social, and a way to be sure I wouldnt' get
caught by work or fired, I would have called one or more, even if it
was a betrayal of my job. After all, I know I'm not going to attack
one and if she doesn't want to see me, I'm not going to scrare her or
anything. But I just continued seeing girls, none of whom were
special but who lived far away.
I found the listing in the trash and it wasn't made by a programl or
even a system I dealt with, so the odds are.... well, no one girl
could have put 2 and 2 together, I dont' think. They probably didn't
even know what agencies had listings of them. If the listing had
included pictures and if some were good looking, and they probably
were, I probably would have tried somehow.
I've done that twice, with girls. In both cases, I called their
ex-husband to see what he thought of her.
One guy told me all the things he didn't like, and they were the same
things I didn't like. I was afraid I'd was being overly sensitive. He
told me that her *first* husband said the greatest day of his life was
when their divorce became final.
The second guy was afraid to talk to me. Afraid she'd retaliate. I
promised it would never get back to her but I understand why he was
afraid I accidentally let something slip that only he knew. And they
had two kids. (But things she told me were enough to realize she would
be a problem.)
Both of these guys I called after the girl and I had broken up. One
of them I was considering marrying. I wonder if I would have had
sense enough to call her ex first.
You don't face any of these problems with a car.
I remember more. I thought maybe I brought out the worst in her, but
the other guy brought out the same bad things. So it was *her*, not
me. One time, he got so mad at her that he kicked a 50 pound bag
of cement and injured his foot. A few days later they were at some
hobby convention with a biggggg parking lot, and walking to the
building, he couldnt' keep up with her because of his foot. She was
way ahead of him so he yelled, "Slow down." Then she slowed down so
much that she fell way behind him. Boy did that one event describe
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