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re: Car Buying with Cash
Posted on 7/9/23 at 11:23 pm to BilbeauTBaggins
Posted on 7/9/23 at 11:23 pm to BilbeauTBaggins
quote:
I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
This has been the case for over three years now.. i agree that vehicles now cost more than i am willing to pay- but the length of time this has been going on means that it isnt “inflated”- it means that this is the way things are now, and the price that things cost now…. Truth hurts I know, but at the risk of using a tired cliche, it is indeed “the new normal .”
0
Posted on 7/10/23 at 12:30 am to SixthAndBarone
quote:
He said the 1k was from the corporate office and I could simply pay it off in 3 payments. I asked him if he was going to lose the deal over 1k and he said yes. I had to walk out.
I’ve walked out over way less than 1000 bucks
Posted on 7/10/23 at 7:20 am to Odysseus32
quote:
Let's say a 4.5% Interest rate vs 8% return in market. You're money is 3.5% better off chilling in a fund.
I remember in the early 90’s investment folks saying that the average rate of return in the stock market was 8%, but they don’t say that anymore.
Posted on 7/10/23 at 7:27 am to questionable
It will make it harder for you to buy the vehicle. They don’t make money long term
Posted on 7/10/23 at 7:28 am to questionable
Just bought a new Jeep last week. Paid cash and had a trade in with about 20k equity. Negotiated price down almost 2K for finance price. Then offered Cash and got another 2K taken off. Doesn't hurt that my Stepson was the finance manager.
Posted on 7/10/23 at 7:30 am to XenScott
quote:
Finance it and pay it off in 6 months. That the usual early payoff period. That how I do it.
This
Posted on 7/10/23 at 7:30 am to Byrdybyrd05
quote:
Bought a 2008 Toyota Corolla with 116,000 miles last week in cash for $5800
Damn it, Baw. With keeping up with maintenance, that car will only last you another 15-ish years.
Posted on 7/10/23 at 7:32 am to BregmansWheelbarrow
quote:
I’ve walked out over way less than 1000 bucks
Ive walked out over $250
Because it was a bullshite dealer convenience charge when i specifically asked before talking price if they are gonna tack on BS charges
Posted on 7/10/23 at 7:51 am to questionable
I bought a silverado many, many years back and paid them in banded $100 bills. It was an enormous pain in the arse. They had to verify every bill was authentic, had to fill out tax forms, took forever. I received zero discount, only pissed the dealership off. I have never, and will never, do that again. I'd write a check, but not use actual cash. You're probably better off financing it and get a better deal, then pay it off in the first month.
Posted on 7/10/23 at 7:57 am to questionable
I haven't financed a car in twenty years. I negotiate price
First and discuss payment with the finance rep.I write my check at the cashier window. If it is from an individual I meet them at my bank branch and go to the teller window with them.
Not much drama...
First and discuss payment with the finance rep.I write my check at the cashier window. If it is from an individual I meet them at my bank branch and go to the teller window with them.
Not much drama...
Posted on 7/10/23 at 8:19 am to questionable
The hidden benefit of paying cash is that it operates as an insurance policy against making a dumb purchase when your eyes get bigger than your brain.
It's like giving a kid a five dollar bill before walking into a candy store versus handing him a credit card.
One of the biggest financial mistakes people make is buying way more car than they need. Deciding on a hard limit based on your finances and then shopping with only that amount available in a "cash" transaction thwarts the urge to buy more than you need or can afford based on the "monthly payment" pitch.
Posted on 7/10/23 at 8:31 am to questionable
No such thing as a cash discount. They want you to finance through them because they get fee income.
Posted on 7/10/23 at 8:41 am to BabyTac
Make sure you be nice to the scum bags that are trying to rip you off in the most dishonest ways over and over.
Posted on 7/10/23 at 8:45 am to CheesyF
Vin#
Mileage
Mileage
Posted on 7/10/23 at 8:54 am to questionable
yes. never let them know that you're paying cash until you get in the box to sign.
Posted on 7/10/23 at 8:55 am to questionable
I asked about my last 2 vehicles and the dealership didn’t really care so unfortunately no discounts
Posted on 7/10/23 at 9:09 am to BilbeauTBaggins
quote:
From the research I've done so far I can save anywhere from $2k to $6k for the same exact vehicle in Texas compared to in South Louisiana
quote:
You still have to pay a 4.45% sales tax whenever you register the car in Louisiana. Example:
$50,000 x 4.45% = $2,225
I think you might be able to claim that on your taxes, but I can't see that being that much of a benefit. I've considered doing the same by going to South Florida for a car and turning the trip into a vacation but the price on vehicles right now is still outrageously inflated.
yes - I am aware that if I were to purchase a new truck out of state that I would have to pay the Louisiana sales tax. IMO it is still worth 1 day of my time to potentially save $6K to purchase a vehicle in Texas compared to locally
Posted on 7/10/23 at 12:06 pm to ThatTahoeOverThere
got an email? has 30k miles. basically want to know if $61k is actually the max, or if $63-65 is attainable (KBB/blackbook trade). Ones listed most similar to mine are $68-70+. The particular area I am looking to trade and buy replacement vehicle has very little new-model Tahoe inventory, especially z71. The most similar vehicle (5k more miles) is listed at $80k at sister dealer - only difference is a body wrap and aftermarket wheels
This post was edited on 7/10/23 at 7:17 pm
Posted on 7/10/23 at 12:56 pm to Gaston
Paid in gold for my last vehicle purchase, my pilot-model named Pussy Galore flew me in my private jet to St Louis to pick it up
—-Improved it for ya.
—-Improved it for ya.
Posted on 7/10/23 at 12:59 pm to questionable
quote:
Have never paid cash for a vehicle but I’m considering it, any tips on getting the best deal? Any benefits to looking out of state? Live in Louisiana fwiw.
Inquire to early payment penalities. A lot of auto loans will not have them, so you can take out the loan, pay two months, and pay the entire thing off while still getting benefits.
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