Hate dealers reason why I go to fb market 🤣 bought a 2016 Chevy cruise with 47k miles for 6k check the vin number took it for a test drive etc worth the money ngl
@@hopelfreyamikaelson9348get a cheap beater for $500 or if you want a nice car go more towards 5k. getting a new car is just stupid, theyre cheaper built, more unreliable, super overpriced. and dealers are gonna havw a bunch of hidden fees
Step 1 don’t ever buy from a dealership, I used to sell cars at a dealership btw, now I buy from private sellers and I do extensive machine checks before I buy
I agree with you. Even dealerships get lemons or crappy used cars that they do a half ass inspection on. Got an Si from a dealership & I was so excited about it that I hadn't even realized the hood release was loose on it & missing a few inner fender panels. Last time I'm going dealership unless I'm buying new
I’m looking to get my first car soon and want a used cheaper car. But I don’t know about buying from places other than dealerships or used car shops. How you go about doing your way for someone who doesn’t really know about cars other than driving one.
The only problem is all these fucking dealerships and buy here pay here lots buy up all the used cars and trucks I can’t find a single truck in my area south Florida that is a private sale on fb marketplace even if I filter private sale it’s all dealerships
Fun fact, in most jurisdictions there are laws protecting your right to pay off any loan early with 0 interest or fees. So take out a 20% loan and pay it off that day. Checkmate.
@@schyler2709 ??? What are you on about? This is a video about getting a steeply discounted vehicle, sometimes well below msrp, on the basis that they will make tons of money off their in house financing. You then legally have the right to pay the whole loan off with 0 interest, potentially using a much better rate loan from a different lender. This allows you to use the dealer's assumption that you are likely to make fixed payments for the full duration of the finance agreement as leverage in the negotiation to get the best possible price. You definitely don't need to have the cash on hand, you can easily refinance with a different lender, but the dealerships know that most people aren't savvy enough to do so...
Here’s what yall need to do/know: 1. Go get prequalified by your bank or better credit union 2. Find a couple cars you like and find multiple of the same models/year/mileage to compare prices with the seller 3. Never tell them you NEED a car but you WANT a car. 4. If they’re not willing to negotiate then shake hands and walk out no more no less… the manager most likely will call you. 5. Now you’re in the managers office and they have exposed themselves that they need a sell. 6. Remind them that they will continue to pay for an unused car on their lot 7. Get to a comfortable price OPTIONAL: 8. Get them to fix anything on the car at dealer prices which would be added to final price
Some dealers just wont even let you purchase at that point. You ask them if there is a penalty for paying it off early and then you pay it off before the first month hits. It really fuckes them over to in a lot of ways. Lol the finanace guy loses his bonus and has to pay it back haha
@@matthill2957 You as consumer have the option to walk out the door and not turn back. Do not ever appear desperate. Also, if you are in Texas, DTPA applies and you technically could sue.
I've done this before and 1. thats bait and switch. 2. paying off next day is not realistic. wait until they send you the first bill and then pay it off. and if the bank has any fees its listed in the contract so early pay off charges must be stated in the documentation if it is say you want to negotiate and remove them from the contract or go to a different bank.
You can finance at most dealerships for 3 months then pay it off and still get the discounts and incentives. Cash price is higher sales price, less interest. But if you finance for 3 months and then pay it off after the 3rd payment, you will save thousands and only pay a couple hundred dollars in interest at most.
Or you just pay off the loan immediately. Oftentimes financing can give you more negotiation power, so just finance the vehicle and then pay the loan off in full right away to avoid paying interest. This trick will work in almost any jurisdiction and it will ensure you don't pay interest as long as the loan is paid off before the first billing cycle, but be sure to do your research to understand how the local policies work in your area, the area the dealership is in, and the policies of the lender before you meet with a salesman because it is still possible that this won't always work for you. Research is also best practice before you speak with a salesman since the more informed and better prepared you are the better your car will be and the better the deal will be for you.
Finance the car, read the contract before signing (there’s a rule in some of them that states you can’t pay the loan off early). Then on your first payment just pay the full balance.
@@Hamiltonic44 I don’t think it ever makes sense to finance a vehicle unless that vehicle will maintain or grow in value. Otherwise you’re just paying interest on something that’s losing value. Also, generally auto loans are set at higher interest rates than that of something like a mortgage. Usually that interest rate and the short period of time you’d be paying off the vehicle wouldn’t allow you to earn a substantially greater return that outweighs the risk of the loan. If you have a low interest rate on a 30 year mortgage then yeah, investing your money elsewhere and just making the standard monthly payments would make sense. But auto loans are just dumb.
Good way to absolutely nuke your credit score. Credit is a measure of how much money they can make off you by lending, if you prevent them from collecting their interest, they will hate you
@@ashleyavenuemusicno With you have been paying attention recently to some of the richest people in the world. A lot of them are financing. Want to know why? Because why would you spin thousands of dollars? When you can pay a small monthly amount and divert the large sum. To making more money. These days, paying for cash is not typically the best way to go. Unless you can't afford to leverage your income. So really it depends
Honestly the dealership isn't scamming people unless it's warranties you don't want. People have cars ruin their life buying cars trying to ball instead at their level
Bullshit. I called for a brand new car in KC, priced at 30,450. I asked for the out the door price and he said with "administrative fees, and my fee" comes out to 38,900 before tax title and license. So 40k+ for a car with a 30k MSRP?
@adrianbatye5111 you do understand it's a business? I'm not going to purchace a car from the manufacturer for 30k them sell it to you for 30k. The added cost is for the convenience to not have to travel to where they make the car, going to the DMV, and processing the paperwork. There's more but it's too much to type.
@@grimmstonejones331 Also, not only are they already selling it over MSRP, they aren't even documenting their fees appropriately. 5k for "administrative fees"? But they wouldn't tell me what the administrative fees entailed or what they were for. Then another 2k for "my fee" and another 1500 for dealers fees? Sounds like scams to me. Especially if you can't articulate the need for the fee.
Yeah they are 100% scamming people with the warranties. The warranty companies wouldn’t offer a warranty if the cost of repairs for the covered period was higher than the warranty cost. Salesmen make extra commissions off the warranty sales so they want you to believe it’s good. It’s not. Never buy the warranty from the dealer. The only thing they sell in the finance office worth considering for people who are financing outside their means is gap insurance because that 1k is gonna save them thousands more when they wreck their 0% down car.
It’s very easy to bargain. I got my fully loaded RAV4 Prime with MSRP being 56K w/ a 5k markup from the dealership down to 50K out the door. Just be firm and confident. Also having a great credit score helps as well
I did this. I took a finance plan and paid it off in my 3rd month. My credit dropped from 819 to 802. Then can back up to 822 4 months later. I saved THOUSANDS in interest. People worry about their credit dropping to much. You have to take advantage of it when you can. Don't keep it High if you're never gonna use it to your advantage. @@Mustlehard
The moment he says I’ll pay cash , they will say , well then we can’t give you the discounts it’s only for financing but you can buy it at full sticker price . 🤷🏽♂️ they don’t have to sell it to you neither you have to buy it
@ocvipe these bargaining tactics don't work though. When customers tell us this, we simply take away the incentives because they are only there for financing customers. If they say they won't buy, coo gtfo and go try it elsewhere. They usually come back because our dealership usually has the best prices anyways.
@@angelabc2494now begs the question. What if you follow through with the financing and finish with all paper work and everything. You walk out with the car but after everything is set and done you pay full in cash??
Your best bet is to look at alternative sources for a car. Rental car companies regularly sell off their fleets to buy newer models. I'd contact a local rental company and ask about if they're planning on selling off anything soon.
Don’t ever buy a rental car. Most of those cars are driven really hard and beat up because a renter doesn’t care how they treat the car, because it’s not theirs.
Not quite the best way to shop. If you’re at a dealer and you’re going to walk, they’d take thousands off in order to earn your business there: a lack of commitment is shown when you shop online, meaning less stores want to whore out their car for you, because you’ll shop them anyway.
I did that on my last purchase. The salesman didn’t care but I got a vibe his boss was a little annoyed. Either way, that vehicle had sat on their lot so long, I think they were happy to move it even with the discounts.
Had the Benz dealership fuming on a pre-owned E-Class. They weren't expecting a Certified Bank Check from a black man after all the front end discounts.😂
@@tsurumonetally4531 it’s a certified bank check dummy, it write down the numbers and whatever you wrote down gets withdrawn from the account assuming the fund are there and dont bounce
You come back later after you have it in writing. Dealerships don’t take cash because it creates a huge issue if the government asks questions. If it’s a certified check that releases any possible liability to report it.
Can’t forget that maintenance free and painless dent repair and all the extra junk you’ll never get to use because as soon as u try they always claim it’s your fault.
It does really depend on the dealership too. My parents got a really good deal on a 2005 ram 1500 (Used with less than 55k miles) and the dealership actually got my parents approved even though their credit was absolutely dogass. Salesman was really awesome too. Also though this was back in 2009 so times were a little different
I work at a smaller dealership that only finances through outside lenders. Where I work, you’re MUCH better off paying cash. List price is firm if we’re financing, but we’ll negotiate a bit on cash deals.
There's nothing wrong with $700/mo and quite frankly it's lower than a lot of vehicles. But if you are paying cash as the video suggests, your monthly payment is nada.
@@justSomeUserOnYTthere is something wrong with $700 a month and it’s definitely not lower than most vehicles. If people want to play rich then sure. What kind of cars do you shop for? Jeez
Bro how old are you and what kinda job you working? This is very common nowadays for monthly payments. Just to own newer vehicles brand new you’ll be hitting those numbers or even in the 1000s as I’ve seen people paying. It all just depends on what people have for jobs. Just cause it’s a crazy number for you doesn’t make it a crazy number for everyone
@justSomeUserOnYT No offense but I think you are detached from reality or just really blessed. But no, $700 car payment for 72 months is not standard lol. Plus at 7% intrest.
@@knightmare4202it’s a crazy number for most people. I’m a 23 year old truck driver. I can definitely afford it. I’m just smart enough not to. I have a kid, mortgage, other bills, I’m just not dumb. Just because you can doesn’t mean you should. These people go out and buy a 70,000 truck that they can’t afford in the long run. Sorry, I don’t want 500,000 of debt. Nobody should.
Also ask for all the extended warranties, they’ll work in additional discounts for that, next day come back and request they cancel all of those you’ll end up paying 1 day worth or prorated warranties and get an extra 2k worth of discounts
Best advice, call your bank. Most have a financial advisor that you can consult with. I only know this because i was a dumb young gun in the navy, and (rightfully so) was set up with an apointment.
My coworker did that. He financed a truck, let them drum up the monthly payments to give him a lower premium because they'd make twice that on interest alone Then came back the next week and paid it off in full
Sometimes I don’t work and you have to finance in order to get the discounts but you just make sure that there isn’t any stipulations or penalties in language that says you can’t pay the loan off in the first payment without issues
Basically tell them you're up for any option and let them give you a price. Always check MSRP values before you go as well. Once they have the number make sure they aren't changing the number and then tell them how you're paying. I did basically the same thing he did in this video
@@MB88977 just a set and stone price you and the dealer agree on. Never ever say your buying or leasing the car and never say you have a down payment until you get the out the door price and go over what your being charged for. Dealers at dealerships like to add on useless bullshit charges and try a fuck you over any chance they get.
1. Pre approved, 2. Pick ur car online 3. Don't look or talk to anyone, run to ur car n they'll spawn. 4. Try to get it 10-15% under sticker (or online prices if the stickers marked up)
Check for any prepayment penalties . Finance it and request a payoff the following month. Poor finance guy will probably lose his commission on the deal though.
Thought when you paid Cash upfront in full you got a better discount. At least that’s how it’s always been for me 🤷♂️. If the car is 12k, pay in cash ya might get it for 9-10k. But Financing it usually (if not always) you end paying more.
I got a new 2023 sorento when they came out in 2023 for $40k out the door using that trick so it works (average quotes were going for $45k at the time)
I did that exact thing on a nightshade 4Runner in 2020. The dealership attempted to cancel the deal but allowed the sale because they were so slow during the vid. You can also finance and pay off in the first month or so.
it just gives more time to pay, and put any extra money toward principle so you have a cheaper rate at least, but at reasonable interest rate of course lol
@@cesarpdc My dad taught me that if you can’t pay for a car in cash, you can’t really afford it. If you can only afford a 10K car, then buy a 10K car. My dad didn’t drive his first new car until he was 50, but his house is paid off and he paid for mine and my sisters college. Interest is for suckers. The only thing you should ever get a loan for is a house.
Play the game, have these mfs do all the paperwork,waste their time,then pull out the pre approved check from your credit union & don’t tell them the interest rate nor let them run your credit
Just help people. For F*** sake. i understand, you have some charts in your office where you hold meetings over your charts. Just help people and be honest. That simple. No tricks needed.
Here it's totally different. If you finance a car at a lot of dealerships, they won't budge on the price. They will only reduce the price if you pay cash or buy it outright I mean. I had to pass on a car. I always tell them I plan on paying cash. We negotiated on the car and they knocked off 2k until I said I wanted to finance after they told me the reduced price. I was told, "if you finance we can't reduce the price, it has to be sticker price"
Watched my old man walk into a dealership to buy a 2018 F150 that was 3 years old at the time. They had it listed for $28700. He put cash on the table and they looked at it like it was a poisonous snake. The sales guy practically ran out of his cubicle. The "owner" came in saying there was a misunderstanding and the truck was actually sold. We were both dumbfounded. The only way he could consider burning the deal with the "other buyer" was a "better offer." We laughed and walked out. Luckily I found him a way nicer truck with less miles and at stand-up dealer. He wound up financing it for 3 days. They weren't willing or couldn't sit on $33k in cash for the weekend I guess. The original truck he tried to buy sat on the lot for another 3 or 4 weeks
Hate dealers with a passion went to one near me saw a really nice 2022 dodge challenger with 22k miles was if I remember 31k for a v6 SXT that was stupidly overpriced I asked how it would it be if I payed in cash and with a strait face said the same price🤣 I was confused asf ask if it was modded in anyway to make it so expensive but they said nope nothing was done to it I just smiled and said I’m good and walked away. Few weeks later found a v8 scat pack on fb maket with 72k miles for 20k same next day went to check it out their were a few problems with the car suck as a big scratch mark from the back passenger door that looked like someone keyed it on purpose, 2 of the 4 rims were damaged and a few other minor details. other than that took it on a drive in the highway checked the vin number made sure everything about the car was actually legit and worth it. Negotiated with the person and dropped it down to 17.5k due to having to fix the car up. Took me 2 months and about 2,200$ to fix everything up and now I got it all fixed up I even added a few details myself but it was worth it. Didn’t get screwed by having to pay for a downgraded version of what I got now and I still saved myself a whole 8k 🤣
You can get the car with any kind of interest as long as the loan term is at least 61 months(federal law about prepayment). Then you can pay it off the next week with no prepayment penalty, and basically no interest accrued in a week.
it literally does because there are only 4 ways to adjust your payment term, price of the car, value offered on trade, and down payment. when you’re negotiating financing you’re negotiating payments at a term and down payment that is suitable for you which forces the dealership to adjust the price of the car or the offered trade value. it’s quite literally how it works 🤣🤣
@@kylealton4347I had this almost exact situation last week where the discounts are contingent upon financing. You say you are bringing outside financing then they no longer have to honor the discount/rebate.
@@kylealton4347 so okay okay i just want to understand it correctly, if the dealership makes a good deal to me through finance but then i pull out cash at the end, they are what? obligated to take my cash for that deal they offered even tho it was for the finance? like how much leeway do they have in just saying no?
Yeah, that sounds good.. Expect most brands give additional rebates for financing through them. Once you take that off the table, there goes that rebate. A lot of people will be disappointed if they try and put this into practice.
I bought my car from this guy who buys fixes then sells cars and I’ve never been happier. He wanted the cash of course, and the one who wanted to finance didn’t get the car, I did.
Interest rates aren’t everything either. I’ve seen the same vehicle at two dealerships, one at 8% interest one offered at 0.99% Obviously which to pick right? Well the 0.99% one had so much markups and other shit added on to the total price it was $10k more than the 8% interest one. After the math the higher interest one was about $2k cheaper over the loan term. And if you pay extra or Loan off early , even more difference where if you were to do that on the higher value one with 0.99% you’re paying considerably more Just one way they try to manipulate ppl into thinking they got a better deal than they did
As someone who used to be a car salesman I can confirm this is not true. When you finance a vehicle the overall end price is always gonna be more expensive because the bank is loaning you the money to pay it back, in return you pay back the loan plus interest. So this can markup the vehicle to being more expensive in the end. This is how the banks make money. Now let’s say you’re paying cash, that means no bank is giving you a loan so you still pay the OTD price without the interest which is why they say cash is king. Best to negotiate there package they add on there. Ask to speak to a manager bc there the only ones that can change the price.
Yeah but the interest wouldn’t matter you already plan on paying cash once they agree on the price or if they don’t accept the deal but just pay the rest in a couple days (obviously depends on the deal and if the interest/discount makes sense to you)
@@UnforgettablyLegit1. That’s not how interest works🤣 2. Paying off a loan with 0 missed payments increases your credit. 3. Only point of having credit is to prove you pay back money you borrow. Why would you care if it goes down slightly for getting the loan? Pay it off.
@@UnforgettablyLegitYeah but if you’re in the 760-780 range you’ll be fine. Credit will go up after paying off because the loan is paid for. You would have only financed for a month. Beat interest. Got the deals. And owe nothing lol
What you do is say you are financing haggle to get a really good deal. Finance the car for 6 years, then just pay the car off at like 5k a month till it’s paid off. Just gotta make sure there’s not a penalty for paying off early. And even then most states have a law saying there cannot be a pre-payment fee if the loan is longer than 61 months. It’s what I’m doing with a Lincoln aviator black label I am about to buy. Hoping I can get like a 2k reduction in price, put 25-30k down and pay 3000 a month for like 8 months
I got a 0.9% APR with a 583 credit score. 50k income for 4 years in a row. 4,300 down. Credit score is only from hospital bills. I have never ever missed a credit card. Car payment. Insurance. Phone. Rent. Utilities. Not once. Even on my credit score it said i have perfect payment history. Medical bills should be allowed to ruin your credit score. Same with student loans.(for certain degrees, if you got an art degree. It should ruin your credit)
If you’re buying new, first ask for a fully loaded model. Ask them to throw in a few features for free to get the lowest price on a fully loaded model and have the dealer disclose the value of each feature on an itemized list, when they think they have you ready to sign with a few features included “for free,” systematically remove features and request their full value be deducted from the price because they’ve already told you what those things were worth. If they say “well those things I was gonna give you for free” say you appreciate their generosity and give them shit.
You get the discounts and incentives anyway. What you need to look at is the call sheet from the bank to make sure the dealer is giving you the interest rate you were approved for from the bank and not giving you a higher rate.
There is also a trick, go to a bank take out a loan for the exact price, maybe more, and pay off the bank not the dealer, because the bank you’ll pay back the full price and not the dealership. There for a 57k car is not 75k by the end of the payments it’s still 57k.
If you want to pay cash, some deals are best if you finance and then pay off first month the interest will only be like $20. Or if you finance through a dealership to get their deal, after 45 days go to different banks to get them to refinance
Just finance it through the car dealership and then two months later when your payments do refinance it with your own bank. You still get the discount and you don’t have to buy it in cash.
I've seen this work more often than not. But not always Unless it's a super desirable car, they will try to keep you happy. They may remove some of the discounts, but you can always walk away. If this happened to me, and I couldn't close it, a couple days later my GM would say call them and tell them we'll do the deal like they asked. Especially near the end of the month/quarter
So disappointed that the new 4Runner is going with a four-cylinder engine. One of the appeals of it has always been the traditional in-line six-cylinder with five speed transmission that would run forever. This new one will not do that!! I rest my case your honor
Learn this one trick, never go to a dealership and always purchase a vehicle that you can afford used from a private seller. Dealerships hate this one trick...
Here what you do you go threw with it and then just pay off the note 24 hours later. Dealers wont tell you this but it will bite them in the ass as the banks will front them their cut of the interest but as you paid it off you don't owe any interest and they will have the dealer pay it back.
Friend just bought a Acura Integra type s I believe. 53k car. He paid 40k cash and he has like 5-6 years of 800 a month payments. He won't be convinced hegot ripped off
Now tell me about the $10k Mark up I've been seeing around here. Walked out of 4 dealerships that are charging for a Markup. Um.m MSRP is what you should stick with. You get nothing for a Markup. not even a car wash
Commit to the finance option. Find out your out-the-door number and make sure there's no early payment penalty clause in the finance paperwork. Once paperwork is finalized, call the lender and ask them what the payoff amount is. Pay the rest of the principal off. Done.
Raffi you look sharp but you might want to think about getting a new belt that is more tailored to your waist. The extra slack makes your otherwise fitted clothes look very sloppy. Secondly, you should also think about losing the belt all-together. It divides your body making you appear shorter. Plus a nice pair of slacks with a clean polo shirt tucked in makes you appear more comfortable with a casual vibe that will help buyers feel more relatable and comfortable.
Yea, then they don’t give you the discounts lol. They were being honest and telling you that if you finance they can make money on the backend. That money is money the bank gives them for sending them the loan. So you get a discount and they make money that isn’t out of your pocket
Where dealers really get u in finance is the bank says say 8% interest well most buyers dont ask the buy rate so then the dealer comes back and says ur approved at 12% interest etc
Extra discount should be included after you say I’m paying cash provided you finance it and hold it a few months to avoid a clawback costing the stealership $$
My grandfather used to go in, ask for the best deal. Then say… what if I paid in cash? The manager, thinking he wouldn’t be paying in cash would throw a huge discount number. He’d say ok and pay for it in cash!
If a dealership is offering you rebates to finance don’t fight them if they’re offering you $2500 in finance cash and some banks through certain auto makers will do this. It’s strange but they will do this finance the car take the finance cash when you get your first payment Paid off you’ve probably paid 100. Maybe $200 and interest you’re still up if you got $2500 you’re still up in that scenario what $2300 I would finance the car
51k for a 37k car. What a deal
Interest rate to the roof is on that one
Bro who in their right mind is paying a loan to term though?? I’ve never understood why anyone would ever pay the loan to term
Hate dealers reason why I go to fb market 🤣 bought a 2016 Chevy cruise with 47k miles for 6k check the vin number took it for a test drive etc worth the money ngl
@@ctieco3549lmao that Cruze is a pile a junk, why you think a lot of 2016 are piling at the junkyards
In 2021 I got a scatpack charger with dynamic package for 37k then it sold for 44k after I put 40k miles on it
Best trick: don’t go
No way dude, you just saved me $52,000 on a new car 😱
Tell us your a bum who is to () to haggle a good deal without telling us.
@@gonebloodypsycho8759what car?😂
@@hopelfreyamikaelson9348get a cheap beater for $500 or if you want a nice car go more towards 5k. getting a new car is just stupid, theyre cheaper built, more unreliable, super overpriced. and dealers are gonna havw a bunch of hidden fees
stay home, never spend money
Step 1 don’t ever buy from a dealership, I used to sell cars at a dealership btw, now I buy from private sellers and I do extensive machine checks before I buy
I agree with you. Even dealerships get lemons or crappy used cars that they do a half ass inspection on. Got an Si from a dealership & I was so excited about it that I hadn't even realized the hood release was loose on it & missing a few inner fender panels. Last time I'm going dealership unless I'm buying new
I’m looking to get my first car soon and want a used cheaper car. But I don’t know about buying from places other than dealerships or used car shops. How you go about doing your way for someone who doesn’t really know about cars other than driving one.
I’m looking to getting into car sales, I do door to door sales, how’s the pay/benifits?
The only problem is all these fucking dealerships and buy here pay here lots buy up all the used cars and trucks I can’t find a single truck in my area south Florida that is a private sale on fb marketplace even if I filter private sale it’s all dealerships
How do you buy private?
707 for 72 months is wildddddd
Brokie
😂ik I pay $148 for my brand new car
@@xoxozzz3672”nyehhhhhh, saving money’s for poor people, nyehhhh” - you
Not for a challenger
He got prime rate 7% too lol
Fun fact, in most jurisdictions there are laws protecting your right to pay off any loan early with 0 interest or fees. So take out a 20% loan and pay it off that day. Checkmate.
Yeah just have $50k in the bank simple
And spend it on a car 😂
@@schyler2709 ??? What are you on about? This is a video about getting a steeply discounted vehicle, sometimes well below msrp, on the basis that they will make tons of money off their in house financing. You then legally have the right to pay the whole loan off with 0 interest, potentially using a much better rate loan from a different lender. This allows you to use the dealer's assumption that you are likely to make fixed payments for the full duration of the finance agreement as leverage in the negotiation to get the best possible price. You definitely don't need to have the cash on hand, you can easily refinance with a different lender, but the dealerships know that most people aren't savvy enough to do so...
@@schyler2709 I mean some people can actually afford it bud 😂
Live humble and save. build up your future 1k/ month at a time @@schyler2709
Step 1) Never go to a car dealership
Then do u wish upon a star to get a car or what 🙄🙄
@@jamesflores619it’s called a used car
So how else are you gonna get the car smarty?
@@the-ironcladFacebook marketplace
@@the-ironcladindependent sellers smarty
fb marketplace? craigslist? kijiji?
Here’s what yall need to do/know:
1. Go get prequalified by your bank or better credit union
2. Find a couple cars you like and find multiple of the same models/year/mileage to compare prices with the seller
3. Never tell them you NEED a car but you WANT a car.
4. If they’re not willing to negotiate then shake hands and walk out no more no less… the manager most likely will call you.
5. Now you’re in the managers office and they have exposed themselves that they need a sell.
6. Remind them that they will continue to pay for an unused car on their lot
7. Get to a comfortable price
OPTIONAL:
8. Get them to fix anything on the car at dealer prices which would be added to final price
If you ever buy cash, pretend finance. Then pull out cash at the end
I did that w my Camaro. They wanted to rip me tf off but got it for 24 in cash
@@boredoftheuniverse9946 Good job.
Some dealers just wont even let you purchase at that point. You ask them if there is a penalty for paying it off early and then you pay it off before the first month hits. It really fuckes them over to in a lot of ways. Lol the finanace guy loses his bonus and has to pay it back haha
@@matthill2957 You as consumer have the option to walk out the door and not turn back.
Do not ever appear desperate.
Also, if you are in Texas, DTPA applies and you technically could sue.
@@matthill2957I’m thinking of doing the same exact thing 🤣 too bad I didn’t think about asking if there’s a penalty on paying it off early
They will pull the finance discounts, good luck trying this😂
Finance it and go pay it off the next day with cash.
some financing companies either don't allow early payoff or will charge fees for early payoff
@@Na_bruhDone this for every car I've bought
@@Na_bruh True true. I still like to pay cash and walk if they won't just make the fair deal
I've done this before and 1. thats bait and switch. 2. paying off next day is not realistic. wait until they send you the first bill and then pay it off. and if the bank has any fees its listed in the contract so early pay off charges must be stated in the documentation if it is say you want to negotiate and remove them from the contract or go to a different bank.
You can finance at most dealerships for 3 months then pay it off and still get the discounts and incentives. Cash price is higher sales price, less interest. But if you finance for 3 months and then pay it off after the 3rd payment, you will save thousands and only pay a couple hundred dollars in interest at most.
Way to help the F&I not get chargebacks with the 3 month finance 👏👏
Ok, now a days who's gonna pay $50k in cash for a car?😂
Love teslas purchasing process,and wish the other manufacturers would follow suit.
Really, people pay MSRP at Tesla but call dealers a scam even at $5k off MSRP. Make it make sense
Or you just pay off the loan immediately. Oftentimes financing can give you more negotiation power, so just finance the vehicle and then pay the loan off in full right away to avoid paying interest. This trick will work in almost any jurisdiction and it will ensure you don't pay interest as long as the loan is paid off before the first billing cycle, but be sure to do your research to understand how the local policies work in your area, the area the dealership is in, and the policies of the lender before you meet with a salesman because it is still possible that this won't always work for you. Research is also best practice before you speak with a salesman since the more informed and better prepared you are the better your car will be and the better the deal will be for you.
Finance the car, read the contract before signing (there’s a rule in some of them that states you can’t pay the loan off early). Then on your first payment just pay the full balance.
If u used manufacturer rebates u most likely need to pay at least 3 payments before paying it in full. Depends on the manufacturer.
@@davidwhite8176sounds neat and all, but you would tannnnnnnk your credit doing this.
What’s the value in paying up front? Isn’t in better just to pay the monthly amounts and invest the cash elsewhere?
@@Hamiltonic44 I don’t think it ever makes sense to finance a vehicle unless that vehicle will maintain or grow in value. Otherwise you’re just paying interest on something that’s losing value.
Also, generally auto loans are set at higher interest rates than that of something like a mortgage. Usually that interest rate and the short period of time you’d be paying off the vehicle wouldn’t allow you to earn a substantially greater return that outweighs the risk of the loan.
If you have a low interest rate on a 30 year mortgage then yeah, investing your money elsewhere and just making the standard monthly payments would make sense. But auto loans are just dumb.
@@Hamiltonic44you know what feels amazing and reduces your stress levels? not having a car payment.
Nah, just take the financing. And if you have the cash just pay it off immediately.
Just have to make sure no prepayment penalties
They would probably have think you are a Dr*g dealer if you pay all cash
Good way to absolutely nuke your credit score. Credit is a measure of how much money they can make off you by lending, if you prevent them from collecting their interest, they will hate you
@@ashleyavenuemusicIncorrect. You don't have to pay any interest to have a great score
@@ashleyavenuemusicno With you have been paying attention recently to some of the richest people in the world. A lot of them are financing. Want to know why? Because why would you spin thousands of dollars? When you can pay a small monthly amount and divert the large sum. To making more money.
These days, paying for cash is not typically the best way to go. Unless you can't afford to leverage your income. So really it depends
Honestly the dealership isn't scamming people unless it's warranties you don't want. People have cars ruin their life buying cars trying to ball instead at their level
Bullshit. I called for a brand new car in KC, priced at 30,450. I asked for the out the door price and he said with "administrative fees, and my fee" comes out to 38,900 before tax title and license. So 40k+ for a car with a 30k MSRP?
@adrianbatye5111 you do understand it's a business? I'm not going to purchace a car from the manufacturer for 30k them sell it to you for 30k. The added cost is for the convenience to not have to travel to where they make the car, going to the DMV, and processing the paperwork. There's more but it's too much to type.
@@grimmstonejones331 You do understand new car dealerships don't buy new vehicles for MSRP right?
@@grimmstonejones331 Also, not only are they already selling it over MSRP, they aren't even documenting their fees appropriately. 5k for "administrative fees"? But they wouldn't tell me what the administrative fees entailed or what they were for. Then another 2k for "my fee" and another 1500 for dealers fees? Sounds like scams to me. Especially if you can't articulate the need for the fee.
Yeah they are 100% scamming people with the warranties. The warranty companies wouldn’t offer a warranty if the cost of repairs for the covered period was higher than the warranty cost. Salesmen make extra commissions off the warranty sales so they want you to believe it’s good. It’s not. Never buy the warranty from the dealer. The only thing they sell in the finance office worth considering for people who are financing outside their means is gap insurance because that 1k is gonna save them thousands more when they wreck their 0% down car.
It’s very easy to bargain. I got my fully loaded RAV4 Prime with MSRP being 56K w/ a 5k markup from the dealership down to 50K out the door. Just be firm and confident. Also having a great credit score helps as well
I hope you do the "wink" in every video like this. It's hilarious.
Just finance it to get the better deal. Then pay it off in the first payment.
That will drop your credit score
@@Mustlehard temporarily, you’ll take a small hit then it will rebound back. You’ll still be in low 800’s or high 700’s.
I did this. I took a finance plan and paid it off in my 3rd month. My credit dropped from 819 to 802. Then can back up to 822 4 months later. I saved THOUSANDS in interest. People worry about their credit dropping to much. You have to take advantage of it when you can. Don't keep it High if you're never gonna use it to your advantage. @@Mustlehard
@@Mustlehardyeah not the first payment but you should be able to pay it off after 6-12 months with out hurting your credit score
@@Mustlehardif youre paying in cash as an above average normal person hm do you care about your credit score?
The moment he says I’ll pay cash , they will say , well then we can’t give you the discounts it’s only for financing but you can buy it at full sticker price . 🤷🏽♂️ they don’t have to sell it to you neither you have to buy it
It's for bargaining tactic.
@ocvipe these bargaining tactics don't work though. When customers tell us this, we simply take away the incentives because they are only there for financing customers. If they say they won't buy, coo gtfo and go try it elsewhere. They usually come back because our dealership usually has the best prices anyways.
@@angelabc2494now begs the question. What if you follow through with the financing and finish with all paper work and everything. You walk out with the car but after everything is set and done you pay full in cash??
Perfect idea: Take on debt to buy a new car while the economy is tanking instead of saving your dti for emergency funding😂
@@angelabc2494so what if i pay off the next week what now
Your best bet is to look at alternative sources for a car. Rental car companies regularly sell off their fleets to buy newer models. I'd contact a local rental company and ask about if they're planning on selling off anything soon.
Budget Car Rental Company has nice and newer cars
Don’t ever buy a rental car. Most of those cars are driven really hard and beat up because a renter doesn’t care how they treat the car, because it’s not theirs.
@@jsilva7005 true. It’s a 30%-70% chance of finding a great former rental car to purchase.
Negotiate before you go in. Compare multiple dealers. Use their discounts to drive each other down
Okay
Yep that's what I've learned
Not quite the best way to shop. If you’re at a dealer and you’re going to walk, they’d take thousands off in order to earn your business there: a lack of commitment is shown when you shop online, meaning less stores want to whore out their car for you, because you’ll shop them anyway.
I did that on my last purchase. The salesman didn’t care but I got a vibe his boss was a little annoyed. Either way, that vehicle had sat on their lot so long, I think they were happy to move it even with the discounts.
Buy from private or direct owner. Then use the thousands you’d save to go tune and have your car checked on
Had the Benz dealership fuming on a pre-owned E-Class. They weren't expecting a Certified Bank Check from a black man after all the front end discounts.😂
Did the same shit.. like oh.. I’m financing it. With this check. Sorry not sorry. Thanks for the discount.😂
How do you walk in with a cheque of the exact price you will negotiate to?
@@tsurumonetally4531 it’s a certified bank check dummy, it write down the numbers and whatever you wrote down gets withdrawn from the account assuming the fund are there and dont bounce
@@tsurumonetally4531faith.
You come back later after you have it in writing. Dealerships don’t take cash because it creates a huge issue if the government asks questions. If it’s a certified check that releases any possible liability to report it.
Math ain’t mathing. $32,000 over 72 mos at 7% APR is only $545 a month, not $707 a month. - I would be pissed if they tried to scam me like that.
Only 545 💀😭
Can’t forget that maintenance free and painless dent repair and all the extra junk you’ll never get to use because as soon as u try they always claim it’s your fault.
I'm sure they made up numbers for the sake of the video.
With the 7% apy i got 570.66666666666
I think he just threw numbers out there for the video😂
It does really depend on the dealership too. My parents got a really good deal on a 2005 ram 1500 (Used with less than 55k miles) and the dealership actually got my parents approved even though their credit was absolutely dogass. Salesman was really awesome too. Also though this was back in 2009 so times were a little different
Asking for finance and switching to cash is exactly the same as the dealer switching out the car for a different one. This doesn’t work 😂
Can’t the dealer just take back there offer? It’s not like there forced to sell something they own
They are forced to they have 13k challeners available lol @@Red_Cp3
Who is telling you this? Have you ever bought a car? Definitely works
@@Red_Cp3 exactly correct
@@jonthecowboy go do a SAF test and come back
I work at a smaller dealership that only finances through outside lenders. Where I work, you’re MUCH better off paying cash. List price is firm if we’re financing, but we’ll negotiate a bit on cash deals.
$707/ month 😭 unfortunately people are really out here paying that
There's nothing wrong with $700/mo and quite frankly it's lower than a lot of vehicles.
But if you are paying cash as the video suggests, your monthly payment is nada.
@@justSomeUserOnYTthere is something wrong with $700 a month and it’s definitely not lower than most vehicles. If people want to play rich then sure. What kind of cars do you shop for? Jeez
Bro how old are you and what kinda job you working? This is very common nowadays for monthly payments. Just to own newer vehicles brand new you’ll be hitting those numbers or even in the 1000s as I’ve seen people paying. It all just depends on what people have for jobs. Just cause it’s a crazy number for you doesn’t make it a crazy number for everyone
@justSomeUserOnYT No offense but I think you are detached from reality or just really blessed. But no, $700 car payment for 72 months is not standard lol. Plus at 7% intrest.
@@knightmare4202it’s a crazy number for most people. I’m a 23 year old truck driver. I can definitely afford it. I’m just smart enough not to. I have a kid, mortgage, other bills, I’m just not dumb. Just because you can doesn’t mean you should. These people go out and buy a 70,000 truck that they can’t afford in the long run. Sorry, I don’t want 500,000 of debt. Nobody should.
Also ask for all the extended warranties, they’ll work in additional discounts for that, next day come back and request they cancel all of those you’ll end up paying 1 day worth or prorated warranties and get an extra 2k worth of discounts
Best advice, call your bank. Most have a financial advisor that you can consult with. I only know this because i was a dumb young gun in the navy, and (rightfully so) was set up with an apointment.
Not financial advisor financial manager they’re job is to make the dealership money on the backend. I’m sure they got you somehow.
@@MarioP90he’s talking about a bank employee not dealership
Definitely just get pre approved and walk to the dealership like a badass! 😂
My coworker did that. He financed a truck, let them drum up the monthly payments to give him a lower premium because they'd make twice that on interest alone
Then came back the next week and paid it off in full
Sometimes I don’t work and you have to finance in order to get the discounts but you just make sure that there isn’t any stipulations or penalties in language that says you can’t pay the loan off in the first payment without issues
Basically tell them you're up for any option and let them give you a price. Always check MSRP values before you go as well. Once they have the number make sure they aren't changing the number and then tell them how you're paying. I did basically the same thing he did in this video
Wrong you never say anything to a dealer until you get an out the door price even if your leasing, financing or buying in full.
What's out the door price?
@@MB88977 just a set and stone price you and the dealer agree on. Never ever say your buying or leasing the car and never say you have a down payment until you get the out the door price and go over what your being charged for.
Dealers at dealerships like to add on useless bullshit charges and try a fuck you over any chance they get.
Yeah I’m curious
Weve got a genius here 😆
@MB88977 the final price after taxes and fees.
and that’s why we show rough numbers until you’re ready to run credit lol
“Dealer across town offered me the same car at invoice minus holdback. How bout we call it even at invoice and get you another unit for the month”
lol I’ll take my chances with someone else, thank you for the opportunity
@@matthewortiz520
Doesn’t affect the buyer as much as the seller 😉
@@MikeHawkHurtz same effect-zero
1. Pre approved, 2. Pick ur car online 3. Don't look or talk to anyone, run to ur car n they'll spawn. 4. Try to get it 10-15% under sticker (or online prices if the stickers marked up)
Check for any prepayment penalties . Finance it and request a payoff the following month. Poor finance guy will probably lose his commission on the deal though.
Prepayment penalties have been illegal for at least 10 years, maybe close to 20 years.
so basically finance it then pay it off in the first payment?
@@xyouthe yes
@@LysisAG in the mortgage world they still exists with certain investment loans.
Thought when you paid Cash upfront in full you got a better discount. At least that’s how it’s always been for me 🤷♂️.
If the car is 12k, pay in cash ya might get it for 9-10k. But Financing it usually (if not always) you end paying more.
I got a new 2023 sorento when they came out in 2023 for $40k out the door using that trick so it works (average quotes were going for $45k at the time)
Lol. Sorry for your loss.
Do mock ups of real life situations that actually occurred
The fact that we can't buy a vehicle directly from the manufacturer is bull shit. Gotta have that 3rd party of snake ass dealerships!
Crazy you think dealing with Ford or Chevy would be any easier.
I did that exact thing on a nightshade 4Runner in 2020. The dealership attempted to cancel the deal but allowed the sale because they were so slow during the vid. You can also finance and pay off in the first month or so.
I got my Camaro 6.2 V8 with 45k miles for $21,000 in 2019. So glad I got a superior car for an insane deal before the inflation.
wow cool gas guzzler. I bet you look sick in it while you hit your high nic vape pen
@@Chow84 I do not vape. This wins the stupidest comment in the past 48 hours award 😂. 🫵🤡
@@Chow84 lmao you're buggin.
The customer is just as crazy 😂 as the salesman God Bless y'all
72 months bro u can’t afford that
it just gives more time to pay, and put any extra money toward principle so you have a cheaper rate at least, but at reasonable interest rate of course lol
@@cesarpdc My dad taught me that if you can’t pay for a car in cash, you can’t really afford it. If you can only afford a 10K car, then buy a 10K car. My dad didn’t drive his first new car until he was 50, but his house is paid off and he paid for mine and my sisters college. Interest is for suckers. The only thing you should ever get a loan for is a house.
Lovin' the exposure of dealerships 🤑
Play the game, have these mfs do all the paperwork,waste their time,then pull out the pre approved check from your credit union & don’t tell them the interest rate nor let them run your credit
Big pants, big seats
Smash
The winking and him calling it out on it 😂😂😂
Just help people. For F*** sake. i understand, you have some charts in your office where you hold meetings over your charts. Just help people and be honest. That simple. No tricks needed.
Here it's totally different. If you finance a car at a lot of dealerships, they won't budge on the price. They will only reduce the price if you pay cash or buy it outright I mean. I had to pass on a car. I always tell them I plan on paying cash. We negotiated on the car and they knocked off 2k until I said I wanted to finance after they told me the reduced price. I was told, "if you finance we can't reduce the price, it has to be sticker price"
Watched my old man walk into a dealership to buy a 2018 F150 that was 3 years old at the time. They had it listed for $28700. He put cash on the table and they looked at it like it was a poisonous snake. The sales guy practically ran out of his cubicle. The "owner" came in saying there was a misunderstanding and the truck was actually sold. We were both dumbfounded. The only way he could consider burning the deal with the "other buyer" was a "better offer." We laughed and walked out. Luckily I found him a way nicer truck with less miles and at stand-up dealer. He wound up financing it for 3 days. They weren't willing or couldn't sit on $33k in cash for the weekend I guess. The original truck he tried to buy sat on the lot for another 3 or 4 weeks
Hate dealers with a passion went to one near me saw a really nice 2022 dodge challenger with 22k miles was if I remember 31k for a v6 SXT that was stupidly overpriced I asked how it would it be if I payed in cash and with a strait face said the same price🤣 I was confused asf ask if it was modded in anyway to make it so expensive but they said nope nothing was done to it I just smiled and said I’m good and walked away. Few weeks later found a v8 scat pack on fb maket with 72k miles for 20k same next day went to check it out their were a few problems with the car suck as a big scratch mark from the back passenger door that looked like someone keyed it on purpose, 2 of the 4 rims were damaged and a few other minor details. other than that took it on a drive in the highway checked the vin number made sure everything about the car was actually legit and worth it. Negotiated with the person and dropped it down to 17.5k due to having to fix the car up. Took me 2 months and about 2,200$ to fix everything up and now I got it all fixed up I even added a few details myself but it was worth it. Didn’t get screwed by having to pay for a downgraded version of what I got now and I still saved myself a whole 8k 🤣
Dealers won’t even take cash anymore, it has to be a check or something. If you take actual cash you’re a fool 😂
You can get the car with any kind of interest as long as the loan term is at least 61 months(federal law about prepayment). Then you can pay it off the next week with no prepayment penalty, and basically no interest accrued in a week.
If only the world worked that way
it literally does because there are only 4 ways to adjust your payment term, price of the car, value offered on trade, and down payment. when you’re negotiating financing you’re negotiating payments at a term and down payment that is suitable for you which forces the dealership to adjust the price of the car or the offered trade value. it’s quite literally how it works 🤣🤣
@@kylealton4347I had this almost exact situation last week where the discounts are contingent upon financing. You say you are bringing outside financing then they no longer have to honor the discount/rebate.
@@kylealton4347 i just think its silly that you have to fake them out by saying you'll finance, but at the end say youll pay cash
@@kylealton4347 so okay okay i just want to understand it correctly, if the dealership makes a good deal to me through finance but then i pull out cash at the end, they are what? obligated to take my cash for that deal they offered even tho it was for the finance? like how much leeway do they have in just saying no?
Lol, your video exposes so many people who lack knowledge in basic economics and I’m here for it in all the comments 😂
How to save money. Solution: Have money
Yeah, that sounds good.. Expect most brands give additional rebates for financing through them. Once you take that off the table, there goes that rebate. A lot of people will be disappointed if they try and put this into practice.
Get a better fitted belt
And g dam man loosen that top button
it’s a polo? you loosen the button you better either be wearing a black beater or have a hairy chest and have a chain on and be selling watches
@@kylealton4347 he’s built enough to rock it. wearing all those buttons make u look like a fkin dweeb. to each their own ;)
wtf are those pants too
I bought my car from this guy who buys fixes then sells cars and I’ve never been happier. He wanted the cash of course, and the one who wanted to finance didn’t get the car, I did.
Finance for the better deal, pay it off next month, the deal should outweigh the interest you got charged for that month.
Wrong lol
@@user-nj1zu2nf1x you arent getting charged thousands in interest for 1 month. lmaoooo. please use your brain next time
@@user-nj1zu2nf1xgreat argument
Interest rates aren’t everything either. I’ve seen the same vehicle at two dealerships, one at 8% interest one offered at 0.99%
Obviously which to pick right?
Well the 0.99% one had so much markups and other shit added on to the total price it was $10k more than the 8% interest one. After the math the higher interest one was about $2k cheaper over the loan term.
And if you pay extra or Loan off early , even more difference where if you were to do that on the higher value one with 0.99% you’re paying considerably more
Just one way they try to manipulate ppl into thinking they got a better deal than they did
Fuck bro now they are gonna catch on
As someone who used to be a car salesman I can confirm this is not true.
When you finance a vehicle the overall end price is always gonna be more expensive because the bank is loaning you the money to pay it back, in return you pay back the loan plus interest. So this can markup the vehicle to being more expensive in the end. This is how the banks make money. Now let’s say you’re paying cash, that means no bank is giving you a loan so you still pay the OTD price without the interest which is why they say cash is king. Best to negotiate there package they add on there. Ask to speak to a manager bc there the only ones that can change the price.
Yeah but the interest wouldn’t matter you already plan on paying cash once they agree on the price or if they don’t accept the deal but just pay the rest in a couple days (obviously depends on the deal and if the interest/discount makes sense to you)
Millions in v6 challenger debt across the nation!
Billions
No dealership is offering discounts after COVID. Dealerships actually markup ALL of their cars, new or used.
yall can start the finance and just pay it in full in the first month
😂😂
Don't they screw you over in the financing...
You do realize that you have to pay interest right? Also taking out a financial loan hurts your credit score
@@UnforgettablyLegit1. That’s not how interest works🤣
2. Paying off a loan with 0 missed payments increases your credit.
3. Only point of having credit is to prove you pay back money you borrow. Why would you care if it goes down slightly for getting the loan? Pay it off.
@@UnforgettablyLegitYeah but if you’re in the 760-780 range you’ll be fine. Credit will go up after paying off because the loan is paid for. You would have only financed for a month. Beat interest. Got the deals. And owe nothing lol
What you do is say you are financing haggle to get a really good deal. Finance the car for 6 years, then just pay the car off at like 5k a month till it’s paid off. Just gotta make sure there’s not a penalty for paying off early. And even then most states have a law saying there cannot be a pre-payment fee if the loan is longer than 61 months. It’s what I’m doing with a Lincoln aviator black label I am about to buy. Hoping I can get like a 2k reduction in price, put 25-30k down and pay 3000 a month for like 8 months
I got a 0.9% APR with a 583 credit score.
50k income for 4 years in a row.
4,300 down.
Credit score is only from hospital bills.
I have never ever missed a credit card. Car payment. Insurance. Phone. Rent. Utilities.
Not once.
Even on my credit score it said i have perfect payment history.
Medical bills should be allowed to ruin your credit score. Same with student loans.(for certain degrees, if you got an art degree. It should ruin your credit)
A lot of dealerships now charge cash handling fees of up to several thousand dollars if you pay in cash so use outside financing when possible
There are 3 ways to buy car in America , one through dealership , one from manufacturer like Tesla and another is hybrid like polestar
That was my dad…He won a deal, now the local Lexus dealership will remember him forever 🤣🤣🤣
My dawg Raffi had the hat off this time 💪🏾
If you’re buying new, first ask for a fully loaded model. Ask them to throw in a few features for free to get the lowest price on a fully loaded model and have the dealer disclose the value of each feature on an itemized list, when they think they have you ready to sign with a few features included “for free,” systematically remove features and request their full value be deducted from the price because they’ve already told you what those things were worth. If they say “well those things I was gonna give you for free” say you appreciate their generosity and give them shit.
You get the discounts and incentives anyway. What you need to look at is the call sheet from the bank to make sure the dealer is giving you the interest rate you were approved for from the bank and not giving you a higher rate.
doesnt really matter if your planning on paying it off right away
There is also a trick, go to a bank take out a loan for the exact price, maybe more, and pay off the bank not the dealer, because the bank you’ll pay back the full price and not the dealership. There for a 57k car is not 75k by the end of the payments it’s still 57k.
If you want to pay cash, some deals are best if you finance and then pay off first month the interest will only be like $20. Or if you finance through a dealership to get their deal, after 45 days go to different banks to get them to refinance
Just finance it through the car dealership and then two months later when your payments do refinance it with your own bank. You still get the discount and you don’t have to buy it in cash.
Thats bull some dealerships will tell you straight up .."Nope thats only the finance prize"
Problem with that is some rebates require financing through the captive lender. So not financing or leasing could lose some rebates.
I did this but financed it and paid it off in 4-5 months. No negative hits to credit and I didn’t pay 15k in interest
I've seen this work more often than not. But not always
Unless it's a super desirable car, they will try to keep you happy. They may remove some of the discounts, but you can always walk away.
If this happened to me, and I couldn't close it, a couple days later my GM would say call them and tell them we'll do the deal like they asked.
Especially near the end of the month/quarter
So disappointed that the new 4Runner is going with a four-cylinder engine. One of the appeals of it has always been the traditional in-line six-cylinder with five speed transmission that would run forever. This new one will not do that!! I rest my case your honor
Could you also in theory. Get the loan to get all the rebates but then just pay off the loan in its entirety right after the purchase of the vehicle?
Learn this one trick, never go to a dealership and always purchase a vehicle that you can afford used from a private seller. Dealerships hate this one trick...
I had a dealership tell me that price only applied if i financed. If I paid in cash the deal was a different one
Here what you do you go threw with it and then just pay off the note 24 hours later. Dealers wont tell you this but it will bite them in the ass as the banks will front them their cut of the interest but as you paid it off you don't owe any interest and they will have the dealer pay it back.
Friend just bought a Acura Integra type s I believe. 53k car. He paid 40k cash and he has like 5-6 years of 800 a month payments. He won't be convinced hegot ripped off
Now tell me about the $10k Mark up I've been seeing around here. Walked out of 4 dealerships that are charging for a Markup. Um.m MSRP is what you should stick with. You get nothing for a Markup. not even a car wash
Commit to the finance option. Find out your out-the-door number and make sure there's no early payment penalty clause in the finance paperwork. Once paperwork is finalized, call the lender and ask them what the payoff amount is. Pay the rest of the principal off. Done.
Raffi you look sharp but you might want to think about getting a new belt that is more tailored to your waist. The extra slack makes your otherwise fitted clothes look very sloppy. Secondly, you should also think about losing the belt all-together. It divides your body making you appear shorter. Plus a nice pair of slacks with a clean polo shirt tucked in makes you appear more comfortable with a casual vibe that will help buyers feel more relatable and comfortable.
Yea, then they don’t give you the discounts lol. They were being honest and telling you that if you finance they can make money on the backend. That money is money the bank gives them for sending them the loan. So you get a discount and they make money that isn’t out of your pocket
I did this once, and they added the $5k back lol, I eventually financed it, and paid it off before my first payment is due
Where dealers really get u in finance is the bank says say 8% interest well most buyers dont ask the buy rate so then the dealer comes back and says ur approved at 12% interest etc
Extra discount should be included after you say I’m paying cash provided you finance it and hold it a few months to avoid a clawback costing the stealership $$
My grandfather used to go in, ask for the best deal. Then say… what if I paid in cash? The manager, thinking he wouldn’t be paying in cash would throw a huge discount number. He’d say ok and pay for it in cash!
It’s 2019. It got a 2015 Mustang ecoboost for 22,000, with this trick . I payed it off comfortably! Looking at the mustangs now , I can’t . NOPE!
Honestly, finance and then pay off your first payment. The dealer gets the finance and you get a good discount.
If a dealership is offering you rebates to finance don’t fight them if they’re offering you $2500 in finance cash and some banks through certain auto makers will do this. It’s strange but they will do this finance the car take the finance cash when you get your first payment Paid off you’ve probably paid 100. Maybe $200 and interest you’re still up if you got $2500 you’re still up in that scenario what $2300 I would finance the car
Then they say "no this only applies to financing."