Doclove wrote:
duh2 wrote:
you should invest the 35k, and find 0% financing with a small downpayment. Doesn't make a lot of sense to just blow that amount of capital on something that starts depreciating immediately.
Any 0% deal they put the missing % on sale price of the car. They are not as stupid as some buyers
eg Cash Buyer 18k
0 % Finance deal 20k
Once again, that is NOT how it works. Unless there is a cash rebate in lieu of financing at 0%.
The dealer is not providing the financing.
You negotiate whatever deal you can. Then you apply cash incentives not tied to financing. Then you apply cash incentives tied to financing (ie you take Ford Credit;s 6% loan with 1500 cash back vs your banks 6% loan). Or you might elect a promotional
0% rate offered in lieu of the 6% loan with 1500 cash back.
Typical scenario
Sticker 40K, agreed price after negotiating 37k.
Customer cash 2k (available to anyone)
Finance cash (if you take manufacturers market rate loan) $1500
or
Low rate, zero lets say, (in lieu of finance cash).
You pay either 35K financed at zero
or 33.5K financed at market rate.
Period. The dealer cares not where the $$ come from. They get paid CASH in any deal. Taking a low rate does not impact price negotiation.