How flexible is the dealer with the selling price if you would pay it all in cash..
Oct 1, 2007 | 08:41 PM
#31
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iTrader: (7)
Joined: Aug 2003
Posts: 1,846
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From: Miami Lakes, Florida --Da 305 baby!
How flexible would a dealer with their selling price if I offered to pay it all at once in cash.
By flexible I mean, if their sticker price was $23,000 lets say, and the tax was $3000. Would I be able to negotiate with them and say I'll give you $20,000 right now in full or is that wishful thinking?
P.S. I put this in the lancer forum because it's actually the new 07' GTS lancer, but on second thought perhaps I should have put it into General Discussion.. but its always so crazy in there
By flexible I mean, if their sticker price was $23,000 lets say, and the tax was $3000. Would I be able to negotiate with them and say I'll give you $20,000 right now in full or is that wishful thinking?
P.S. I put this in the lancer forum because it's actually the new 07' GTS lancer, but on second thought perhaps I should have put it into General Discussion.. but its always so crazy in there
THIS week.. but OK heres my # just incase you change your mind.. i bet you will get a call back within 2-3 days.. 
... hey buddyy ... ummm about that offer..!! lol
Oct 10, 2007 | 10:42 AM
#33
I work at a Honda dealership... They will not take large sums of cash, so you are wasting your time... I think it has to do with possible money laundering or fake $$, who knows... All I know, is if you come in with that $$ they are gonna make you go get a certified check or other form of payment...
Your best bet to make the dealer happy, is to agree on a final price, finance it (you will get it cheaper that way, sine the dealer gets $$ from the finance companies, they can lose some on the car)... As soon as you get your first payment sent to you in the mail, pay off the whole loan, beat the interest and get a killer deal on your car...
PS, if you have crappy credit, but have the $$ this is definitely the way to go, since they will try to finance you at 20-25%, they know they are gonna make a killing in finance charges and will try to give you a better deal on the car... You pay it off instantly, and beat the whole system...
Your best bet to make the dealer happy, is to agree on a final price, finance it (you will get it cheaper that way, sine the dealer gets $$ from the finance companies, they can lose some on the car)... As soon as you get your first payment sent to you in the mail, pay off the whole loan, beat the interest and get a killer deal on your car...
PS, if you have crappy credit, but have the $$ this is definitely the way to go, since they will try to finance you at 20-25%, they know they are gonna make a killing in finance charges and will try to give you a better deal on the car... You pay it off instantly, and beat the whole system...
Oct 10, 2007 | 10:53 AM
#34
Evolving Member
Joined: May 2007
Posts: 122
Likes: 0
From: NE Pennsylvania
I work at a Honda dealership... They will not take large sums of cash, so you are wasting your time... I think it has to do with possible money laundering or fake $$, who knows... All I know, is if you come in with that $$ they are gonna make you go get a certified check or other form of payment...
Your best bet to make the dealer happy, is to agree on a final price, finance it (you will get it cheaper that way, sine the dealer gets $$ from the finance companies, they can lose some on the car)... As soon as you get your first payment sent to you in the mail, pay off the whole loan, beat the interest and get a killer deal on your car...
PS, if you have crappy credit, but have the $$ this is definitely the way to go, since they will try to finance you at 20-25%, they know they are gonna make a killing in finance charges and will try to give you a better deal on the car... You pay it off instantly, and beat the whole system...
Your best bet to make the dealer happy, is to agree on a final price, finance it (you will get it cheaper that way, sine the dealer gets $$ from the finance companies, they can lose some on the car)... As soon as you get your first payment sent to you in the mail, pay off the whole loan, beat the interest and get a killer deal on your car...
PS, if you have crappy credit, but have the $$ this is definitely the way to go, since they will try to finance you at 20-25%, they know they are gonna make a killing in finance charges and will try to give you a better deal on the car... You pay it off instantly, and beat the whole system...
You cannot forget, most loans have a fee for early termination of the loan...that can be alot of money on a 20-25k loan...
Oct 10, 2007 | 11:02 AM
#35
I have not seen a penalty for early termination on a car loan in my 27 years... Otherwise you would be paying fines to trade in a car, since the dealer would have to pay it off as well... You can overpay your payments as well without penalty and apply the overage directly to principal on all the things i have ever financed...
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