Is this 3rd gen worth it ?
Senior Member
Joined: Nov 2006
Posts: 521
Likes: 0
From: West Palm Beach,FL
Originally Posted by moconnor
The notion that bringing cash (or the equivalent) to a dealership somehow strengthens a buyer's bargaining position may have made sense decades ago but today the reverse is actually true.
Dealers actually make quite a bit of money on the financing - if you get a 9% loan from a dealer, they often make 1-2% on that financing. So they want you to finance with them.
Dealers actually make quite a bit of money on the financing - if you get a 9% loan from a dealer, they often make 1-2% on that financing. So they want you to finance with them.
The Fallen Hero
Joined: Jan 2004
Posts: 41
Likes: 1
From: California
I agree with Authentikdit, money in hand means a closed deal. When a dealer buys a car the obviously mark it up, if they can sell it then they get paid. Financing is just a cherry on the top of their sunday...
Joined: Jul 2003
Posts: 4,678
Likes: 97
From: Bay Area, CA
Originally Posted by Tesshin818
I agree with Authentikdit, money in hand means a closed deal.
Financing is just a cherry on the top of their sunday...
Senior Member
Joined: Nov 2006
Posts: 521
Likes: 0
From: West Palm Beach,FL
Originally Posted by moconnor
If the cash amount is less than what they want to sell for, it does not. Cash means little to a dealer. They can go into a back room, do a credit check, and get provisional financing for anybody in minutes with today's financial system. After loan approval, the money will be in the dealer's bank account days. And not only that, they get a cut of the financing action.
Most modern dealerships just about break even on car sales when overheads are factored in. The 'cherry' of the financing and extended warranties etc. are where they make their money.
Most modern dealerships just about break even on car sales when overheads are factored in. The 'cherry' of the financing and extended warranties etc. are where they make their money.
Originally Posted by GoRacer
You can get a warranty for $1k-$2k and a dealer installed engine replacement with a reman engine is about $5k and that does not include motor mounts, wire harness, rebuilding turbos, etc. The only problem is, if it goes at 101k (as mine did) then it's not covered as i'm not aware f them for more then 100k miles.
that's when, if you buy an extended warranty for 1 or 2k, at 97k or 98k, purposfully overheat the engine so you get a new one
Constant threat
Joined: Jul 2001
Posts: 4,968
Likes: 39
From: near Wichita, Kansas
We are talking USED cars here originally, folks. And cash is the ONLY thing that talks in these deals, as in most cases a bank or other lending institution is only going to lend maybe 75% of the Blue Book.
Salesmans' ears perk right the **** up when you say, "Oh, I've got the cash right here...." as you pat a thick wallet.
Salesmans' ears perk right the **** up when you say, "Oh, I've got the cash right here...." as you pat a thick wallet.
