Didn't accept my cash offer
02-16-11, 07:23 PM
#31
Depends what the invoice is on that car, they can go behind invoice but not a lot... just cause you have cash that really doesnt mean anything to them if they are way behind invoice price... ask to see the invoice its your right to see the invoice!!
02-16-11, 09:13 PM
#32
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Hang tight, the dealer may call you back in few days as well. New car buying is a waiting game over who wants what. The more desperate party usually gets the short end of the deal.
The fact that the car you want isn't on that dealer's lot does work against you though. Have you considered going through a broker?
The fact that the car you want isn't on that dealer's lot does work against you though. Have you considered going through a broker?
02-16-11, 09:17 PM
#33
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yu guys must make good money to be able to pay 47k cash for a car in this economy. I still think you should finance the car for 3-6 months and then just make 1 big payment to pay it off. Not sure what type of work yu do, but im sure the goverment may investigate if yu buy a car for 47k cash. Maybe i need to move to MI bcuz yall making serious money out there. 
MI has one of the worst unemployedment rate in the US just to let u know, hahahaha
We and my fiancé are just good saver that's all
02-16-11, 09:22 PM
#34
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They guy I was dealing with gave me a BS excuse that he didn't know how much the invoice price was and that he didn't know how much the dealers buy it for.. That was when I think he was trying to screw mee
02-17-11, 08:59 AM
#37
Options
1) If you pay cash he gets cash in full (and nothing else).
2) If you finance then he STILL gets cash in full from whomever is doing the financing (and possibly a kickback if they directed you to the finance company). It's not like the dealership is personally loaning you money.
Hence there's no benefit to them in scenario 1, and a possible benefit in scenario 2.
Hence after you have the final price (no discussion of method of payment) you can tell them "I already have payment arranged (still being vague) but if you have any financing options that will lower the price paid I'd be interested in hearing about it"
Then if they do, take their crappy loan for the discount on the car, and then pay it off in full the next day.
02-17-11, 09:43 AM
#39
With little exception the dealer is getting paid in cash regardless of how you pay for the car.
Options
1) If you pay cash he gets cash in full (and nothing else).
2) If you finance then he STILL gets cash in full from whomever is doing the financing (and possibly a kickback if they directed you to the finance company). It's not like the dealership is personally loaning you money.
Hence there's no benefit to them in scenario 1, and a possible benefit in scenario 2.
Options
1) If you pay cash he gets cash in full (and nothing else).
2) If you finance then he STILL gets cash in full from whomever is doing the financing (and possibly a kickback if they directed you to the finance company). It's not like the dealership is personally loaning you money.
Hence there's no benefit to them in scenario 1, and a possible benefit in scenario 2.
the only reason i can think when financing is better, is when the dealership has there own finance center(their own underwriting), or they have a partnership with an outside lender that'll give them kick backs for every auto loan the dealership sells.
02-17-11, 03:21 PM
#42
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ah i can't believe you didn't follow people's advice in your other thread.
https://www.clublexus.com/forums/is-...ying-cash.html
hopefully the dealer will eventually call you back with a compromise.
https://www.clublexus.com/forums/is-...ying-cash.html
hopefully the dealer will eventually call you back with a compromise.
02-17-11, 06:26 PM
#43
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An auto broker is basically a professional car buyer. You pay them a fee, and they get you the car you want (new or used). Usually, the car broker is skilled in handling the car sales ploys, and can often negotiate a better deal.
The broker can save you time, rather than spending days and weeks searching, and hours negotiating, you tell the broker what you want, and they come back with a deal for you.
I've never used one personally, but I have a couple friends that swear by them. One guy found the best deal he could on a new Mustang (blech!) and then called the broker. The broker was able to beat the price he had by a couple thousand dollars so it was worth it for him.
The broker can save you time, rather than spending days and weeks searching, and hours negotiating, you tell the broker what you want, and they come back with a deal for you.
I've never used one personally, but I have a couple friends that swear by them. One guy found the best deal he could on a new Mustang (blech!) and then called the broker. The broker was able to beat the price he had by a couple thousand dollars so it was worth it for him.
02-17-11, 09:55 PM
#44
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An auto broker is basically a professional car buyer. You pay them a fee, and they get you the car you want (new or used). Usually, the car broker is skilled in handling the car sales ploys, and can often negotiate a better deal.
The broker can save you time, rather than spending days and weeks searching, and hours negotiating, you tell the broker what you want, and they come back with a deal for you.
I've never used one personally, but I have a couple friends that swear by them. One guy found the best deal he could on a new Mustang (blech!) and then called the broker. The broker was able to beat the price he had by a couple thousand dollars so it was worth it for him.
The broker can save you time, rather than spending days and weeks searching, and hours negotiating, you tell the broker what you want, and they come back with a deal for you.
I've never used one personally, but I have a couple friends that swear by them. One guy found the best deal he could on a new Mustang (blech!) and then called the broker. The broker was able to beat the price he had by a couple thousand dollars so it was worth it for him.
