Anonymous wrote:

Anonymous wrote:The car is cheaper, generally, if you finance it. Pay off the loan with cash the next month.

Nah, I negotiate the price upfront. Then, when they get to the subject of financing I say “cash”. I normally buy certified per-owned, low miles, one year old. The last car I bought was actually new only because I couldn’t get the trim I wanted CPO. So for that one I bought at the end of the year in the sale.

That just means you could have gotten a lower price by financing. They sell cars every day, you buy one a few years, it's not like you can pull a fast one on them, they've seen it all.

I did, but I used the business vehicle tax deduction so 50K off my business income

I lay cash because I am not big on investing, so it’s just easier for me that way.

I can get ca $20k for my current 5-year old car with less than 20k miles on it. I will invest the cash and pay off my next car in 3-5 year using that money. Last time I came way ahead because I bought the car before Covid and put the cash into market March/April 2020.
I wanted to do it before the 5 years was up few days ago but literally every car was still in transit.
Very first car was bought with a loan, but great interest rate and paid off early.
I would only pay cash if I already had other debts making money for me and car loan with be a drop in the bucket. Why complicate life with a car loan.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The car is cheaper, generally, if you finance it. Pay off the loan with cash the next month.

Nah, I negotiate the price upfront. Then, when they get to the subject of financing I say “cash”. I normally buy certified per-owned, low miles, one year old. The last car I bought was actually new only because I couldn’t get the trim I wanted CPO. So for that one I bought at the end of the year in the sale.

This works only very rarely.

I do this too. Fully negotiate. Often they don't ask and if they do, I say I haven't decided yet.

Anonymous wrote:

Anonymous wrote:Of course. The rich don’t get car loans.

Correct, but we also buy certified pre-owned (aka used cars).

Don't speak for all of us...

Anonymous wrote:Sure you avoid interest. And don’t drag down your credit rating with debt.

Isn't that what a credit rating is for, so you can get a good loan when you go into debt?

Anonymous wrote:

Anonymous wrote:Of course. The rich don’t get car loans.

The rich i know lease cars!

You think they are rich.

They are probably just showy.

Leading cars does not make financial sense.

Anonymous wrote:

Anonymous wrote:The car is cheaper, generally, if you finance it. Pay off the loan with cash the next month.

Nah, I negotiate the price upfront. Then, when they get to the subject of financing I say “cash”. I normally buy certified per-owned, low miles, one year old. The last car I bought was actually new only because I couldn’t get the trim I wanted CPO. So for that one I bought at the end of the year in the sale.

This works only very rarely.

Sure you avoid interest. And don’t drag down your credit rating with debt.

Anonymous wrote:The car is cheaper, generally, if you finance it. Pay off the loan with cash the next month.

This.

Anonymous wrote:The car is cheaper, generally, if you finance it. Pay off the loan with cash the next month.

Nah, I negotiate the price upfront. Then, when they get to the subject of financing I say “cash”. I normally buy certified per-owned, low miles, one year old. The last car I bought was actually new only because I couldn’t get the trim I wanted CPO. So for that one I bought at the end of the year in the sale.

Anonymous wrote:

Anonymous wrote:Of course. The rich don’t get car loans.

The rich i know lease cars!

Maybe new money does that. Old money keeps their cars for 7 to 10 years.

I took OP’s question as whether you should try to negotiate a lower price.

They also buy and sell cars quickly and resell for more