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Cars and Transportation
Reply to "Help - I've never had a car loan - a little guidance?"
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[quote=Anonymous][quote=Anonymous]Thank you PP. So tell the dealer that I'm paying cash even if I'm getting a loan from elsewhere (credit union)? Because the dealer will ultimately get cash even though I'll have a loan? What about shopping at dealers vs. CarMax, Carvana, etc? I'm getting a newer car (and might get new) but don't feel like I must get new. [/quote] Yes. Look, dealers sell several things: cars, loans and things like extended warranties - and undercoating (don’t buy it). The more you can do to negotiate the price of the car only, the better. From a dealer’s perspective, you are paying cash if you come in with financing arranged elsewhere. You get to the end and tell them the CU will issue the check, they may try to compete with the financing offer. This advice is less relevant if you buy from Carmax or Carvana, which will rip you off with fixed prices that are not negotiable.[/quote]
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