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re: Is a car purchased from a used car lot lower when paid for by cash rather than financed?
Posted on 5/4/24 at 4:54 pm to patnuh
Posted on 5/4/24 at 4:54 pm to patnuh
quote:
He can’t figure out if financing is more costly in general than not. Don’t make this too complicated
That's not what I asked. My question is whether the seller will be more flexible when getting full payment in cash at the time of sale rathe r than ultimately getting more on a delayed basis and hoping the payments are made by the purchaser.
2
Posted on 5/4/24 at 4:56 pm to tigersbb
quote:
That's not what I asked.
Then the answer is no. Most used car dealerships are factoring in the finance charges they will make when they are trying to make a deal.
Posted on 5/5/24 at 7:52 am to tigersbb
quote:
My question is whether the seller will be more flexible when getting full payment in cash at the time of sale rathe r than ultimately getting more on a delayed basis and hoping the payments are made by the purchaser.
If we were living in 1975 then you would be correct.. if we were living in 2005, you would be correct.. But in 2024, paying cash puts you at a disadvantage (at least in the eyes of the dealer/seller.)
As mentioned upthread, stay quiet about having cash, negotiate the financing then (making sure there is no early penalty, or Xing it out)- after the first month or two use ur cash to pay off the whole thing … in America, cash isn’t king anymore, what a time to be alive .
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