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I am about to buy a used car, and I am wondering about the advantages about paying cash. What percentage of a?
sale price should/could someone expect to be discounted when paying cash?
8 Answers
- NomaddLv 710 years agoFavorite Answer
It depends on how strapped for cash the dealer is. Go the day before a big horse race.
Then again, they can need cash quick the day after the race sometimes too.
- ?Lv 610 years ago
I was a dealer for about 12 years. 95% of my deals were cash. The remainder were with bank checks I could immediately turn into cash.
Most of my cars, I sold at the price on the window, Not a penny off.
Now, if a dealer jacks up their cars by 20%, they can come down 15% easy. But you are still overpaying.
- ?Lv 610 years ago
20%min however i would expect at least 30%
here a trick make your offer about 30% less than asking price
the salesman will always come back and say they need another $300-$500
stand up and say you what to go and see another one down the street first
the salesman will say he will go and talk to the manager again and come back with a congratulations
just remember you have the cash
and they want the cash AND YOUR THE BOSS
- Anonymous10 years ago
Zero. The dealer actually makes more money writing a loan. You'll get no cash discount.
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- STEWIELv 610 years ago
No such thing as a cash discount.
Why? Because whether you finance, lease or pay cash, dealers always get their money in full upfront from the bank. They would rather you finance or lease because then they get kickback bonuses from banks and also add on % to the rate to keep for themselves.
- Anonymous10 years ago
No expect anything. If your going to a dealer you can talk them down anyways. It's actually an advantage Because you wont have a payment to worry about. Remember dealers and private seller will price high because they know the buyer will offer less. Have fun. Sorry. Probably wasn't the asnswer you wanted. Have fun.
- 1959Lv 610 years ago
its just best to know what you are willing to pay for the car, If you don't get the deal you want just walk away there are plenty of used cars for sale
- panchobarronrLv 410 years ago
YOU CAN FIND DEALS ON YOUR LOCAL NEWSPAPER OR CRAIGLIST,,,DO YOUR RESERCH FIRST AND TAKE A FRIENDS MECHANIC TO HELP YOU ,AND DONT GET FRIED WITH ALEMON