I’ve tried that bait and switch before, and it only caused conflict. It is not necessary to use that strategy. Oddly enough, they have no qualms lying, but they hate when others do it. Weird.
But then you're refinancing a used car rather than new car. Dealer financing rates must be really high in your area.
Never had an issue getting a good rate afterwards. But I also usually put a good amount down. 20% or more. And I don’t do the add ons usually like ext warranty and maintenance packages.
That's not happening with no trade in.
They won't take it because they don't make as much money. People that also write checks typically don't buy all the garbage in the finance office either so a double whammy. Dealers hate cash deals.
It is the same price they simply give you a discount if you use their financing... (/semi-sarcasm)
I would have walked. I payed by check for our last 2 vehicles and no such azzhattery was attempted.
I've written big checks before. They can call the bank and verify the funds are there, and then place a hold on the amount.
Exactly what I did with my last VW - 4 mos and paid it off. I want them to make money too, I got a great deal and came out ahead. Win win.
Numerous times I have used financing to come out ahead vs paying cash upfront.
Yep. My last 2 new vehicles (Atlas and the Sportwagen) both were this way.
I’ve done it once or twice with vehicles. But now I mostly prefer to keep the cash in savings and just ride out the loan. I figure we’re going to replace the money taken from savings with a monthly allocation anyways. So we’ll pay a few points to keep that extra cash on hand.
My mom did this when she bought her Fusion. The finance guy we had at the time was extra slimy and he was already mad at her for buying under my D Plan and denying all of his upsells. She handed him a check from our CC and he had to take it. Best part was I had bought my Mustang the year before, let him do the financing and then refi'd through the CC a week later so he got boned on that deal too. He said he would make sure I wasn't employed here much longer. Joke's on him, he is gone and I am still here 10+ years later.
I got the cashier's check and they accepted it with no problem, it was really nothing to get all worked up about. Especially since the rest of the transaction experience was very good, including the price.
True. But you also cannot eat a $30K paid for car during a financial emergency.
