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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 11:32 pm to
Posted by bulldog95
North Louisiana
Member since Jan 2011
20728 posts
Posted on 5/4/24 at 11:32 pm to
Knew a guy that when he was ready to buy a car (new or used) he’d find what he was looking for then go to 3-4 places

He’d tell them to give him their lowest possible price.

Afterwards he’d pay cash and buy from the lowest priced place.

He said a few times other places would call him back and ask why he didn’t let them beat the lowest price he got quoted. He’d tell them I asked for your lowest up front if you could do better than you didn’t give it to me to start with.
Posted by Baldy
Member since May 2020
360 posts
Posted on 5/5/24 at 12:27 am to
I saw a lot of people make sure there was no early payment fee and finance so they'd get best price and incentives and then pay-off after waiting long enough
to let the deal get funded to the dealer but only be out a couple of months interest.

Serm to be a win/win for dealer and buyer. Don't think the finance companies were big fans.
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