- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is a car purchased from a used car lot lower when paid for by cash rather than financed?
Posted on 5/5/24 at 8:25 am to tigersbb
Posted on 5/5/24 at 8:25 am to tigersbb
If we are talking about a dealer, telling them you will pay in cash is a huge negative to them as they make money on both ends of the deal.
Usually if you talk it out, they will want you to take their financing for X number of days until you pay it off in full to get the lowest possible price.
Usually if you talk it out, they will want you to take their financing for X number of days until you pay it off in full to get the lowest possible price.
Posted on 5/5/24 at 9:52 am to UltimaParadox
quote:
If we are talking about a dealer, telling them you will pay in cash is a huge negative to them as they make money on both ends of the deal.
Generally true but if we are talking about smaller mom n' pop used car lots (versus Carmax, certified pre owned, etc) then they might still be incentivized to do cash deals now if they are having cash flow problems, tax issues or trouble clearing inventory.
It all depends on the individual circumstances. And I don't image most used car buyers use dealership financing (in-house or partnered) to finance their used cars but instead go through their own bank, credit union, insurance or employer instead of whatever paperwork Lucky Larry's Used Car Emporium has to offer. Who knows, maybe I'm wrong. I know that's what I would do.
Popular
Back to top
Follow TigerDroppings for LSU Football News