When buying a vehicle with "cash" is it beneficial to mention it right from the start or to not show your hand until the final numbers are written down? I've heard people say both so I wanted to check with the dealership folk on here. I'm also betting quite a few of the good people on here have paid cash for vehicles. Oh and I'm asking for a friend.
Random vehicle-buying question for dealership folk
- Thread starter N-Smooth
- Start date
- Location
- Bountiful, land of rocks
Don’t show your hand. Make the deal. Pay how you want to
- Location
- Bountiful, land of rocks
This is true. Bacon does work as currency though
see this is exactly why I asked- I've heard both sides of this for years. I really don't want to go through the financing nonsense just to pay it off the next day but if it saves a significant amount of dolla dolla bills I suppose it would be worth it. As of right now I'm thinking I'll ask the sales manager and see if he'll be a straight-shooter for me. I hate sales managers though...
I'm also wondering if right now is a good time to buy with stimmie checks inbound. They really might not move on the price at all and just say "look, we'll sell it to the next guy for full price"
It does appear to be a great time to sell my truck though so I'll just have to win some, lose some I guess.
I'm also wondering if right now is a good time to buy with stimmie checks inbound. They really might not move on the price at all and just say "look, we'll sell it to the next guy for full price"
It does appear to be a great time to sell my truck though so I'll just have to win some, lose some I guess.
kmboren
Recovering XJ owner anonymous
- Location
- Southern Utah
Well what is this friend of yours looking to buy?
Right now is not a great time to buy for a lot of cars. Manufacturing is still way behind, and used cars are in high demand. Most cars are going for above book value.
My close friend sells the rental fleet for Enterprise. His sales prices are higher than they've ever been because dealers don't have any used inventory and need cars. He's also been buying( through his connections) brand new 1 ton trucks, putting lift/tires on them, driving for 3k miles and selling them for 8-10k profit. It's crazy out there right now.
My close friend sells the rental fleet for Enterprise. His sales prices are higher than they've ever been because dealers don't have any used inventory and need cars. He's also been buying( through his connections) brand new 1 ton trucks, putting lift/tires on them, driving for 3k miles and selling them for 8-10k profit. It's crazy out there right now.
it's new truck time...
I've watched prices for the truck I'm looking for go up about $4k in the last several months. It's a bummer but my truck looks like it should also sell for at least that much more than a year ago. It may not be quite that linear but close enough that I'm still planning on doing it
EDIT: I'm hoping that buying new will somehow help. I'll even order it if I have to.
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- Location
- Grand Junction, CO
We've bought several vehicles with cash in hand, we make our offer and say that we have cash to pay.
The last few times we asked the salesman and they said it didn't really make a difference.
The last few times we asked the salesman and they said it didn't really make a difference.
Last car I bought from the dealer as previously said gave me a better deal to finance. I finance the car made my “down payment” on first month to pay all but a couple hundred off. Made the rest of the payments until the minimum time was done and paid the last little bit off
🤷♂️ still in the 800’s
rholbrook
Well-Known Member
- Location
- Kaysville, Ut
It’s not always smart to pay cash. It depends on what you can earn with your money versus what the cost on the loan will be interest wise. My last loan I had a 4% gain on interest earned on the money I would of had to pull out from an investment versus what interest I paid on a loan for the same amount of money. If your money is just sitting in the bank or buried in the yard, then it would be better to pay cash. I never discuss payment options until the deal is done.
I understand this idea for sure but I really want to be in a good position to build a bigger house in the next couple of years. Having two paid-off, nearly new vehicles fits really well into that financial plan because that way I won’t have to buy vehicles for some time and can focus some $ on the house and yard.
lhracing
Well-Known Member
- Location
- Layton, UT
It seems to be Dealer dependent. About 6 months ago I wend Truck shopping and every dealer I went to pushed the financing and a discount for doing it until I went to LHM Chevrolet. I had a connection at LHM and made the best deal of any dealer and when it came down to pay it didn't mater cash or finance.
So another question. Two years ago I bought a new car and they had some killer rebates on lease deals. So I leased it then just paid it off. I’ve had the title with the lean release signed for the two years now but I’ve just renewed the registration as a lease that the dealer set it up as. So I haven’t actually paid sales tax aside from the sales tax on the first payment. Since I have the title I can sell the car (if I wanted) so this seems like a major loop hole on not paying sales tax?
Educate me on how I’m going to eventually get screwed on doing this.
Educate me on how I’m going to eventually get screwed on doing this.
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