Quote:
Originally Posted by TwinDarkness
In this bankrupted economy, I wouldnt pay anything more than invoice. Not that I'm going to be buying it here, but if was.....
90% of the time, hell, more like 99% of the time, people either lease or finance, since they cant afford to pay it off. Which is why most people pay over MSRP. The dealership knows that they cant afford it and will try to squeeze every penny of of them. But someone who has the money, all cash, can get it below invoice, because the dealerships are struggling. They need the money bad. They ARENT going to let that person go.
Once the whole financial system collapses, hell, I can probably get it at a few grand below invoice, since no one in the their right mind is going to buy a new car at that time.
Perfect timing is what I am waiting for..
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Just a heads up on reality.
I work at a high volume dealership, and about 1% of our deals are leases. I'd say 15-25% just write a check, and the rest finance.
Also, it doesn't matter if you can pay in full or not. The bank lends the money, not the dealership. We get paid either way. The only benefit to someone paying in full, is slightly less paperwork.
I don't understand this misconception, and why people who pay cash think they can go and push a dealer around.
/rant