Originally Posted By: billt460
Blah, blah. You're as boring as watching latex paint dry in humidity.
You may find his posts boring, but he's also right.
That would make you wrong.
We could always write a check for any new car we've bought and we've never traded in a car.
When free money is offered, only a fool would refuse it.
The offer of 0% financing alone sets a higher floor on the price of any vehicle, regardless of whether a buyer avails himself of it or not. Offering to pay cash doesn't avail a buyer of any negotiating advantage and as others have noted, the choice of check or financing is made only after the selling price is negotiated for anyone other than what's known as a bust-out buyer in the trade.
Low rate financing is just another way in which manufacturer's discount cars. It's preferred to cash rebates since rebates tend to reduce resale value which in turn reduces what the manufacturer's captive finance arm can expect to realize on the sale of the returned lease cars they also provide the financing for.
At current commercial paper rates, the finance arms aren't giving a whole lot up in offering
Blah, blah. You're as boring as watching latex paint dry in humidity.
You may find his posts boring, but he's also right.
That would make you wrong.
We could always write a check for any new car we've bought and we've never traded in a car.
When free money is offered, only a fool would refuse it.
The offer of 0% financing alone sets a higher floor on the price of any vehicle, regardless of whether a buyer avails himself of it or not. Offering to pay cash doesn't avail a buyer of any negotiating advantage and as others have noted, the choice of check or financing is made only after the selling price is negotiated for anyone other than what's known as a bust-out buyer in the trade.
Low rate financing is just another way in which manufacturer's discount cars. It's preferred to cash rebates since rebates tend to reduce resale value which in turn reduces what the manufacturer's captive finance arm can expect to realize on the sale of the returned lease cars they also provide the financing for.
At current commercial paper rates, the finance arms aren't giving a whole lot up in offering
