Never tell them you’re paying cash.
“Never tell them you’re paying cash.”
Agreed.
Dealers get kickbacks from lenders depending on the interest rate negotiated.
Just make sure there is no prepayment penalty and pay the lender in full when you get your first bill.
“Never tell them you’re paying cash.”
Correct, finance to the hilt and pay it off as soon as you close the deal. Finance and parts are the two largest profit centers at a new car dealership. Let them think they are hooking you up for 7 years of interest and negotiate price, not payment. If you need a loan, put a HELOC on your house.
Studies say: Best value when buying a car:
Buy new and keep 20 years.
Second best is buy new and keep 15 years.
Third best is buy used 2-3 years old and keep 12-15 years.
We have 3, a 3 year-old Honda Passport (16k miles), a 7 year-old F150 (67k) and a 14 year-old Nissan Frontier (140k).
Set for life unless we want to waste money for fun. And I love the big crew cabs, some stuff I haul needs to not be in a bed collecting dust. That’s what trailers are for.