Don't Pay Cash for Your Next Car — Here's Why

Comments · 754

• AT

  @Athithan_2000 · 5 months ago

  <a href="https://www.youtube.com/watch?v=XkViL3-sR84&amp;t=938">15:38</a> The video starts here:

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• BL

  @BlastingBeaver · 5 months ago

  Always pay cash. Just dont tell your paying cash before the price is locked in 😉

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• ST

  @stephenbacks3100 · 5 months ago

  I negotiated an out the door price with them believing I was financing. The sticker price (used) was $27,500 plus fees. I insisted it was out of my range, and got them down to $21,500 with fees. I then walked into finance, where he had my financial paperwork done. &nbsp;I paid cash. It also helped that I knew the car had been on the lot for 87 days. That was 6 years ago, and I’m still driving the car. No payments.

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• KE

  @keithe5474 · 5 months ago

  I just watched a video that recommended I do what I did 20+ years ago to buy my truck. &nbsp;Yeah, you don&apos;t tell them you&apos;re buying with cash. &nbsp;Heck, I learned that from my mom who did that in the early 70&apos;s. &nbsp;When I bought my truck, the sales person and finance guy were really pissed when at the very last moment, I switched from financing through the dealership to a cash purchase. &nbsp;They even tried to back out and I said, fine I&apos;d take my $45K elsewhere. &nbsp;They couldn&apos;t resist a a chunk of money and a for sure closed deal.

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• YO

  @YOUneedJESUS1 · 5 months ago

  The dealer add ons are all at 400% to 1000% markup, $1500 to $3000 destination charge, $3000 add on warranty that covers nothing. Then if they offer in house finance that&apos;s another $6,000 to $10,000.

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• JO

  @JosePerez-jg2ct · 5 months ago

  96 I bought my Camry for 2k. Never broken down on me. Put 40k miles on it in 2 years. New cars won’t do that.

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• KE

  @kennethlanning4694 · 5 months ago

  Do what I did - get financing directly from a bank, and then just keep stating you want to finance...

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• AD

  @adambraverman756 · 1 month ago

  A lot of dealerships now charge a &apos;financing fee&apos; in addition to admin and prep fees. So you get suckered with at least $600 in extras plus tax on top of that for taking a finance option. This is to disincentive a quick pay down and essentially guaranteeing the dealership finance department at least a year&apos;s worth of potentially lost interest payments.

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• GN

  @gnomedex · 5 months ago

  <a href="https://www.youtube.com/watch?v=XkViL3-sR84&amp;t=722">12:02</a> worth noting, the salesman almost assuredly made a mini of ~$175 on this deal. Salespeople don’t get paid on holdback and they don’t get paid on finance profit. The salesperson got rooked, but the dealer didn’t.

• HE

  @HectorMartinez-gy8kp · 5 months ago (edited)

  I always pay my vehicle loan early, i never got a penalty for it. I didnt even know they had loans like that.

• KE

  @kevinwallace1193 · 4 months ago

  A lot of places are catching onto finance and pay off next day. Last time I bought the loan had a stipulation of 6 months before you could pay it off

• CH

  @chadwicktyrone8894 · 5 months ago

  I don’t know the 14 layers but I do know I hate the car buying process, I feel dirty after the experience 😂

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