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I did it several times, just make sure there is no prepaym not penalty on the written agreement small print. They will not be happy about it, in fact I would take it to a different dealer for warranty repairs or service.
I doubt the people in the service department are going to know what kind of deal the buyer got, or their financing/payment terms, without looking it up in the dealership's records.
It shouldn't be necessary to play that game. I would simply ask for the sales manager, tell him/her that I was quoted a certain price if I financed, but I don't want to, and ask if they want to sell me the car for that money or see me walk out the door. I did that one time, and the next day they called and said, "come get your car."
There are too many dealers out there and one will take the deal, believe me.
It shouldn't be necessary to play that game. I would simply ask for the sales manager, tell him/her that I was quoted a certain price if I financed, but I don't want to, and ask if they want to sell me the car for that money or see me walk out the door. I did that one time, and the next day they called and said, "come get your car."
There are too many dealers out there and one will take the deal, believe me.
Don
Did that more than once and they never went for the cash deal.
When I bought my last truck, they offered $1500 off if I used GMAC financing. I did, then paid it off as soon as I got the payment book. No penalties and the dealer didn't seem to care either (I told them my plans when I was buying the truck).
When I bought my wife's Lexus, I wanted to pay it full with a bank check. Salesmen insisted that it was easier I finance it and pay it off in 1 day. He offered no incentive/discount for me to do so, so I just payed with a bank check because I did not want to go through the extra hassle of filling out financing paperwork. I just wanted to give the check and leave.
I doubt the people in the service department are going to know what kind of deal the buyer got, or their financing/payment terms, without looking it up in the dealership's records.
If it's a decent sized dealer, then no chance, they care one way or the other about any part of the purchase transaction. They make most of their money off the service piece anyway.
The salesman actually begged me to do dealer financing and stated I could do just as you suggested.
I refused because I wanted no lien....ever...on this car.
This seems a bit short-sighted if there were additional discounts available for using dealer financing. In the days of higher interest rates, there was often a 0% financing or $4k cash back on yyy model. Now in this low interest world we live in, the delta is not often as great.
I'm shopping for a new car. I can pay cash for it. I've been playing the dealers against each other. I got a great offer from one dealer that is contingent on dealer financing. I'm considered getting the financing so I get that great price and then paying off the note within a week or so.
Is there any reason why I can't do this?
All you have to do is make sure that there's no penalty for prepayment.
I've done this a few times.
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