Do I Need To Make A Cash Payment To Purchase A Brand New Or Used Vehicle?
It is possible that you are thinking about whether it is a good idea to buy a cash-paying new or used vehicle if you are looking to buy one. There are benefits and drawbacks for both. When you make the decision to pay cash it is important to not inform the dealer ahead of time. There is a chance that you could be charged more for this if it is not mentioned. Why Dealerships Choose Financing over Cash Deals But before discussing the pros and cons of cash transactions, let's discuss why dealership salespeople don't always like the word "cash." In the case of a dealership in the event of a cash-only sale, it can result in a missed opportunity to receive commissions on automobile loans, or other items like accessories and an extended warranty. For example, after a cash buyer negotiates the cost of a car adding accessories and extras is less likely because those items can significantly increase the purchaser's bottom line. However, adding accessories and...