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Started By
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re: Buying a new vehicle pay cash or finance then just pay off?
Posted on 6/9/26 at 9:04 am to Rize
Posted on 6/9/26 at 9:04 am to Rize
quote:
there was a few(not sure if they could anyway).
Not sure if it’s legal or not, but I ordered a vehicle right before covid with a good faith deposit and those frickers damn sure jacked the price.
I obviously didn’t buy it and will never do business there again.
0
Posted on 6/9/26 at 9:37 am to Neauxla_Tiger
Recently went through the song and dance for a new vehicle. It was surprising how several dealerships were really pushing their sales team to talk leasing.
Posted on 6/9/26 at 9:50 am to SquatchDawg
quote:
Our cash is in a 60% MM and 40% ETFs account with a 10% return
Where do you have this deal?
Posted on 6/9/26 at 2:45 pm to FLBooGoTigs1
if you do not need this as a business deduction and you are a normal joe
just buy used.
do your research.
put down a nice DP so your notes are low.
then you can either pay off or milk that low note.
not stuck with a high note financed. sort of a happy medium.
if vehicle craps out just go get another.
i have friends who buy mercedes and BMWs used for 15 to 30k when brand new they were 80k or 90k.
wash, rinse, repeat.
just buy used.
do your research.
put down a nice DP so your notes are low.
then you can either pay off or milk that low note.
not stuck with a high note financed. sort of a happy medium.
if vehicle craps out just go get another.
i have friends who buy mercedes and BMWs used for 15 to 30k when brand new they were 80k or 90k.
wash, rinse, repeat.
Posted on 6/9/26 at 2:59 pm to FLBooGoTigs1
Dealerships make a massive portion of their profit from the "backend" from the financing kickbacks from banks, they hate cash buyers. If you walk in saying "I'm paying cash," they will dug their heels in on the price of the car because they know they aren't making a dime on a loan.
When you walk in, do not tell them how you are paying. If they ask, say, "I'm focusing on the out-of-the-door price of the car first, then we can discuss financing options."
Get pre-approved at a credit union. You must read the financing contract with a magnifying glass. Look for a prepayment penalty clause. In the vast majority of consumer auto loans, there is no penalty for paying the loan off early, but you must double-check. The dealership finance manager will lie about this, which is why you always set up your own financing first.
When you walk in, do not tell them how you are paying. If they ask, say, "I'm focusing on the out-of-the-door price of the car first, then we can discuss financing options."
Get pre-approved at a credit union. You must read the financing contract with a magnifying glass. Look for a prepayment penalty clause. In the vast majority of consumer auto loans, there is no penalty for paying the loan off early, but you must double-check. The dealership finance manager will lie about this, which is why you always set up your own financing first.
Posted on 6/9/26 at 4:35 pm to Fat Bastard
quote:If Mercedes or BMWs are sold for under 30k, there are old models with high mileage. And with that comes costly repairs.
i have friends who buy mercedes and BMWs used for 15 to 30k when brand new they were 80k or 90k. wash, rinse, repeat.
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