Question about new car purchasing and how much more to negotiate

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Ended up at $42,500 out the door. Couldn’t resist pushing them some more. I paid in cash, the financing deals aren’t great right now, even at 0% for a few months, doesn’t make sense to finance, they wouldn’t budge on any further discounts and said they weren’t sure if I could just pay off immediately after getting financing.

They "weren't sure' if you can pay off after financing = yes you can, but they lose their financing commission. You have to keep the loan for a few months in order for the dealer to get a commission on the financing.

Also, you can always pay off car loans early. It will be stated clearly on the loan docs in a big box thanks to the regulations from the CFPB.

Op here, thanks for this info, good to know for the future. I knew they were up to something shady when they said they don’t know.