How to pay cash for a car?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NP. Can someone give advice on negotiating the price? Say the price is listed as $27,000, which is “discounted” from $31,500. All before tax, tags, and dealer fees. In a perfect world, what should I pay out-the-door, and how do I get there?

Get quotes via email and leverage them against each other. Keep asking "Are you willing to go lower?"

Yes but you need to figure out what is the lowest price.

How?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NP. Can someone give advice on negotiating the price? Say the price is listed as $27,000, which is “discounted” from $31,500. All before tax, tags, and dealer fees. In a perfect world, what should I pay out-the-door, and how do I get there?

Get quotes via email and leverage them against each other. Keep asking "Are you willing to go lower?"

Yes but you need to figure out what is the lowest price.

How?

Take the lowest quote you have, and ask other dealers if they will beat it. Continue this until you have a price the other dealers are not willing to beat. Then buy from the lowest priced dealer.

[Anonymous]

We had to get a certified check for our last honda purchase. Was pretty straightforward. We refused the finance forms, but definitely didn't need them.

[Anonymous]

Just purchased a 2020 Lexus LX570 with Cash. We negotiated the final price via email for out of the door price. Show up at the dealer and told them that we changed our mind and decided to pay off with a certified check. I could see the sale guy was not very happy but that’s not my problem.

[Anonymous]

Anonymous wrote:Just purchased a 2020 Lexus LX570 with Cash. We negotiated the final price via email for out of the door price. Show up at the dealer and told them that we changed our mind and decided to pay off with a certified check. I could see the sale guy was not very happy but that’s not my problem.

So in the emails, you said you would do financing with them?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just purchased a 2020 Lexus LX570 with Cash. We negotiated the final price via email for out of the door price. Show up at the dealer and told them that we changed our mind and decided to pay off with a certified check. I could see the sale guy was not very happy but that’s not my problem.

So in the emails, you said you would do financing with them?

I didn’t say how to pay for it during negotiation. I guess they assume people finance on a 90K+ car. FWIW, I am Asian and I don’t believe in loan.

[Anonymous]

You generally get a better price, plus it's easier, to just finance and then pay it off immediately.

[Anonymous]

When I bought at a Honda dealer some time ago they required a certified check and ran a credit check on me. Was not happy.

Last car was from Carmax. I showed them them my online checking account balance and wrote a personal check. No forms to fill out, no credit check. Drove the car out right afterwards.

[Anonymous]

My parents always put it on a credit card to get the airline miles then pay it off immediately

[Anonymous]

Anonymous wrote:My parents always put it on a credit card to get the airline miles then pay it off immediately

Dealers limit how much you can put on cc if they let you at all

[Anonymous]

About financing: are there typically prepayment penalties if you finance and then pay off the full balance immediately?

[Anonymous]

Anonymous wrote:About financing: are there typically prepayment penalties if you finance and then pay off the full balance immediately?

Depends on the loan.

[Anonymous]

Anonymous wrote:When I bought at a Honda dealer some time ago they required a certified check and ran a credit check on me. Was not happy.

Last car was from Carmax. I showed them them my online checking account balance and wrote a personal check. No forms to fill out, no credit check. Drove the car out right afterwards.

Jeep dealer did the same thing. They did not ask to run the credit check. I was furious that the finance manager started out the conversation with our credit information. They don't need it for a bank check or why ask for a bank check.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just purchased a 2020 Lexus LX570 with Cash. We negotiated the final price via email for out of the door price. Show up at the dealer and told them that we changed our mind and decided to pay off with a certified check. I could see the sale guy was not very happy but that’s not my problem.

So in the emails, you said you would do financing with them?

I didn’t say how to pay for it during negotiation. I guess they assume people finance on a 90K+ car. FWIW, I am Asian and I don’t believe in loan.

They get money for loans which is why they push them. Our deal went downhill after they realized we were serious about paying cash and pulled out a bank check. Sales guy got really nasty.

[Anonymous]

Paying cash for a large purchase like a car is shady AF, and low class.