Quote:
Originally Posted by Spammy
Being a cash buyer when buying from a dealer makes no difference because the dealer can secure a loan for anyone with a pulse. In some cases being a cash buyer is a negative as dealer won't make any finance commission on the deal. But having ready funds is worth something in a private deal. It gives the seller confidence the sale is not conditional on the buyer getting a personal loan.
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Yeah, don't tell a dealer you're paying cash until after you've agreed to a price as they don't like to lose the commission from the loan and will price the vehicle accordingly.
Actually it doesn't hurt to ask during negotiations what type of finance do they offer to throw them off the scent.
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