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May 26, 2024
5:02
:36
pm
Plato
Truly Addicted User
The rate is marked up so that the bank pays a fee. But if you pay it off before
making several regular monthly payments, the dealer gets charged back. If you don't want the rate mark up or to make the payment, make a good cash deal.
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Plato
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Plato
Joined
Mar 21, 2017
Last login
Jun 17, 2024
Total posts
20,295 (488 FO)
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Messages
Author
Time
1st time buying a vehicle with cash alone - I know it doesn't confer
Adam_Pontipee
May 26, 4:44pm
I would get their financing discount (assume 2-3k) then just pay it off
cougfanz
May 26, 4:46pm
Don't assume 2-3k. And don't do it and pay it off in a few weeks. Wait the
Plato
May 26, 4:49pm
Our experience was they kept trying to talk us into
cougfanz
May 26, 4:54pm
Where would I find if there are penalties for paying off early?
Adam_Pontipee
May 26, 4:52pm
I just asked and they said there wasn’t but that it was a gentleman’s agreement
cougfanz
May 26, 4:56pm
A "gentleman's agreement" made with scoundrels. Read the fine print.
DubuMfalme
May 26, 4:57pm
Agree. good point.
cougfanz
May 26, 4:59pm
The rate is marked up so that the bank pays a fee. But if you pay it off before
Plato
May 26, 5:02pm
Yea…do the right thing by the middle man who exists to only take advantage of
IGlowInTheDark
May 26, 5:20pm
Some dealers have a one year minimum now.
HuskerFan2
May 26, 5:05pm
When you are in the finance office you straight up ask them if there is
Imbyulv
May 26, 6:09pm
When I just bought a car, they offered a discount for financing. But every
BYUCougarsFan
May 26, 5:27pm
If they ask, just say "I'm still deciding".
Ragnar Danneskjold
May 26, 4:47pm
Sometimes you can get a better deal by financing. As long as you save enough to
Schultz is back
May 26, 4:49pm
I just bought my daughters car in cash
JOPE
May 26, 5:04pm
I usually tell them I have cash, but am open to financing depending on what
crack
May 26, 5:14pm
You negotiate on the out the door price. You tell them once that is negotiated
Imbyulv
May 26, 6:15pm
They may not take cash. Be prepared to go get a cashier's check.
ochobeeguy
May 26, 7:19pm
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