How much should I pay for a 2011 GT500?
#16
#17
Sounds like no one here as every negotiated a car with the intentions of paying cash before?
Here is what you do:
Get financing through them. No matter what interest rate is offered, take it. Read the contract very carefully - be very sure you have the option to pay it off whenever you choose, with no pre-payment penalty. This is the absolute best way to get the best price on the car. Leave the dealership with the money still in your bank account, and wire the funds in a day or two to pay it off in full.
Paying in cash is never a good idea at the dealership. They make nearly no money at all in this case. Even when financing through a third party bank, they get money for referring you. Cash = no mark down.
Here is what you do:
Get financing through them. No matter what interest rate is offered, take it. Read the contract very carefully - be very sure you have the option to pay it off whenever you choose, with no pre-payment penalty. This is the absolute best way to get the best price on the car. Leave the dealership with the money still in your bank account, and wire the funds in a day or two to pay it off in full.
Paying in cash is never a good idea at the dealership. They make nearly no money at all in this case. Even when financing through a third party bank, they get money for referring you. Cash = no mark down.
#18
Sounds like no one here as every negotiated a car with the intentions of paying cash before?
Here is what you do:
Get financing through them. No matter what interest rate is offered, take it. Read the contract very carefully - be very sure you have the option to pay it off whenever you choose, with no pre-payment penalty. This is the absolute best way to get the best price on the car. Leave the dealership with the money still in your bank account, and wire the funds in a day or two to pay it off in full.
Paying in cash is never a good idea at the dealership. They make nearly no money at all in this case. Even when financing through a third party bank, they get money for referring you. Cash = no mark down.
Here is what you do:
Get financing through them. No matter what interest rate is offered, take it. Read the contract very carefully - be very sure you have the option to pay it off whenever you choose, with no pre-payment penalty. This is the absolute best way to get the best price on the car. Leave the dealership with the money still in your bank account, and wire the funds in a day or two to pay it off in full.
Paying in cash is never a good idea at the dealership. They make nearly no money at all in this case. Even when financing through a third party bank, they get money for referring you. Cash = no mark down.
At the end of the day, so long as there not loosing money, they will take your offer. There still selling a car, and that looks good on the dealership. No hastle, hardly any work on there part, they would be stupid to not take a deal. Cause if they don't, your holding the cards, the money for a car that is a big negative on there books until its sold. Theres also the fact that you can walk to any other dealer, get the same car, and hand them the cash. Someone making $100 would make a deal with you vice, not making a deal at all and having -54000 sitting on the lot.
Sounds like you tried to pay cash, got talked into financing anyway, so you lined the finance persons pocket, and you had to jump through hoops to help them. If my intent is to come out clean and I have the cash, I'm not going to take the hastle of having to call a bank and arange a payoff, and wait for the bank to send me the title and so on.
Last edited by JDWalton; 09-16-2010 at 05:33 PM.
#19
I agree with Siggy & Vista Blue, probably better price if financed through the dealer. Make sure you can pay it off early and do so!. When I started looking in NW Arkansas the local small town dealer had it marked at sticker price and said make an offer. On the other hand the larger dealer that moves lots of Mustangs had a $6k ADM Sticker on top of the real sticker! Good Luck!