Buying a Car Online

[Raybyrnes]

djrobsd

Prices on any car driving off a lot are going to typically guaranty you a 7.75% loss. It is call tax. No way of recovering that and in my opinion it is a scam that if you pay tax on a new item that the govrnment is going to continue to coleect this every time there is a transaction.

Cars bought properly should not depreciate much at all.

Here’s opne for you. Most rental car companies buy brand new cars fom all manufactures, can operate them for 6 monhts to a year snd stilll sell the cars at a price either equal too or higher than they paid. Additioanlly they are collecting rental revenues all that timme. Now explain to me all that depreciation?

[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[Coronita]

 

Long time lurker here. I really appreciate the experience many of you have and the great comments in this post.

I have a question that I have been trying to research, but have been unable to find a good definitive or, at least, general answer relating to buying a car.

The question is: can a buyer typically negotiate a better price by paying cash as opposed to using a seller’s low interest financing? (I am aware that a seller may lower the price if they backdoor the buyer with a higher interest rate – that isn’t the question here).

My specific facts are that I’m looking at used BMWs. The dealerships are advertising financing on used 2003s at 1.9% and 2004s at 2.9% APR. At those rates, they have to know they are going to lose money on the financing in view of inflation, increased credit risk now days and all. I would rather just pay cash, but my money would be much better off in my investments at those rates.

So, I was wondering if anyone knows a) if dealers will typically lower the price more if you pay cash instead of using this low interest financing and, if yes, b) is there any sort of general metric on determining how much more they would be willing lower the price?

Thanks in advance!

 

Never financed a car, so I can't speak from my own experience. However, some of my friends have said that they were able to get a better price on their car if they financed in the dealer (dealer thinks they can make more over the life of the loan, and so can drop the price of the car to for example invoice or below). The tactic some of my friends used is that they do the initial financing through the dealer and then pay off the loan early. Don't know if it actually works.

 

BTW: are you SURE you want to buy a used german car????

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 

Long time lurker here. I really appreciate the experience many of you have and the great comments in this post.

I have a question that I have been trying to research, but have been unable to find a good definitive or, at least, general answer relating to buying a car.

The question is: can a buyer typically negotiate a better price by paying cash as opposed to using a seller’s low interest financing? (I am aware that a seller may lower the price if they backdoor the buyer with a higher interest rate – that isn’t the question here).

My specific facts are that I’m looking at used BMWs. The dealerships are advertising financing on used 2003s at 1.9% and 2004s at 2.9% APR. At those rates, they have to know they are going to lose money on the financing in view of inflation, increased credit risk now days and all. I would rather just pay cash, but my money would be much better off in my investments at those rates.

So, I was wondering if anyone knows a) if dealers will typically lower the price more if you pay cash instead of using this low interest financing and, if yes, b) is there any sort of general metric on determining how much more they would be willing lower the price?

Thanks in advance!

 

Never financed a car, so I can't speak from my own experience. However, some of my friends have said that they were able to get a better price on their car if they financed in the dealer (dealer thinks they can make more over the life of the loan, and so can drop the price of the car to for example invoice or below). The tactic some of my friends used is that they do the initial financing through the dealer and then pay off the loan early. Don't know if it actually works.

 

BTW: are you SURE you want to buy a used german car????

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 

Long time lurker here. I really appreciate the experience many of you have and the great comments in this post.

I have a question that I have been trying to research, but have been unable to find a good definitive or, at least, general answer relating to buying a car.

The question is: can a buyer typically negotiate a better price by paying cash as opposed to using a seller’s low interest financing? (I am aware that a seller may lower the price if they backdoor the buyer with a higher interest rate – that isn’t the question here).

My specific facts are that I’m looking at used BMWs. The dealerships are advertising financing on used 2003s at 1.9% and 2004s at 2.9% APR. At those rates, they have to know they are going to lose money on the financing in view of inflation, increased credit risk now days and all. I would rather just pay cash, but my money would be much better off in my investments at those rates.

So, I was wondering if anyone knows a) if dealers will typically lower the price more if you pay cash instead of using this low interest financing and, if yes, b) is there any sort of general metric on determining how much more they would be willing lower the price?

Thanks in advance!

 

Never financed a car, so I can't speak from my own experience. However, some of my friends have said that they were able to get a better price on their car if they financed in the dealer (dealer thinks they can make more over the life of the loan, and so can drop the price of the car to for example invoice or below). The tactic some of my friends used is that they do the initial financing through the dealer and then pay off the loan early. Don't know if it actually works.

 

BTW: are you SURE you want to buy a used german car????

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 

Long time lurker here. I really appreciate the experience many of you have and the great comments in this post.

I have a question that I have been trying to research, but have been unable to find a good definitive or, at least, general answer relating to buying a car.

The question is: can a buyer typically negotiate a better price by paying cash as opposed to using a seller’s low interest financing? (I am aware that a seller may lower the price if they backdoor the buyer with a higher interest rate – that isn’t the question here).

My specific facts are that I’m looking at used BMWs. The dealerships are advertising financing on used 2003s at 1.9% and 2004s at 2.9% APR. At those rates, they have to know they are going to lose money on the financing in view of inflation, increased credit risk now days and all. I would rather just pay cash, but my money would be much better off in my investments at those rates.

So, I was wondering if anyone knows a) if dealers will typically lower the price more if you pay cash instead of using this low interest financing and, if yes, b) is there any sort of general metric on determining how much more they would be willing lower the price?

Thanks in advance!

 

Never financed a car, so I can't speak from my own experience. However, some of my friends have said that they were able to get a better price on their car if they financed in the dealer (dealer thinks they can make more over the life of the loan, and so can drop the price of the car to for example invoice or below). The tactic some of my friends used is that they do the initial financing through the dealer and then pay off the loan early. Don't know if it actually works.

 

BTW: are you SURE you want to buy a used german car????

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

 

Long time lurker here. I really appreciate the experience many of you have and the great comments in this post.

I have a question that I have been trying to research, but have been unable to find a good definitive or, at least, general answer relating to buying a car.

The question is: can a buyer typically negotiate a better price by paying cash as opposed to using a seller’s low interest financing? (I am aware that a seller may lower the price if they backdoor the buyer with a higher interest rate – that isn’t the question here).

My specific facts are that I’m looking at used BMWs. The dealerships are advertising financing on used 2003s at 1.9% and 2004s at 2.9% APR. At those rates, they have to know they are going to lose money on the financing in view of inflation, increased credit risk now days and all. I would rather just pay cash, but my money would be much better off in my investments at those rates.

So, I was wondering if anyone knows a) if dealers will typically lower the price more if you pay cash instead of using this low interest financing and, if yes, b) is there any sort of general metric on determining how much more they would be willing lower the price?

Thanks in advance!

 

Never financed a car, so I can't speak from my own experience. However, some of my friends have said that they were able to get a better price on their car if they financed in the dealer (dealer thinks they can make more over the life of the loan, and so can drop the price of the car to for example invoice or below). The tactic some of my friends used is that they do the initial financing through the dealer and then pay off the loan early. Don't know if it actually works.

 

BTW: are you SURE you want to buy a used german car????

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[lonestar2000]

We just bought a 2008 Xterra (in Night Armor paint, awesome!) for $4k below MSRP, which is about $3k below invoice, and about $1k below what ‘others in my area’ are paying, according to edmunds.com. And we even got an alarm thrown in at cost!

How did we do it? No carsdirect or autobytel sites, we simply filled out a dealer quote request to all the nearby Nissan dealers and went to the one offering the lowest price. Submitting for a quote via the web gets you the Fleet/Internet department and you get a take it or leave it, best deal price, with 0 haggling. We got out quote, drove down to the dealer (who already had our car washed and pulled up front) and were in an out in about three hours. They even gave us a decent amount for our trade in, enough that we decided to let them have it rather then try to sell it ourselves (which we have done previously with another car).

We went for the Xterra S version which gets you the side rails (a must) and other goodies, but nothing that you don’t really need like Bluetooth or Navigation (both of which you get way overpriced for at the dealers and get mediocre products).

Anyhow, to make it simple:
Go to http://www.nissan-usa.com, configure your vehicle, submit it to at least 5 Nissan dealers and watch the fireworks. 🙂

[lonestar2000]

We just bought a 2008 Xterra (in Night Armor paint, awesome!) for $4k below MSRP, which is about $3k below invoice, and about $1k below what ‘others in my area’ are paying, according to edmunds.com. And we even got an alarm thrown in at cost!

How did we do it? No carsdirect or autobytel sites, we simply filled out a dealer quote request to all the nearby Nissan dealers and went to the one offering the lowest price. Submitting for a quote via the web gets you the Fleet/Internet department and you get a take it or leave it, best deal price, with 0 haggling. We got out quote, drove down to the dealer (who already had our car washed and pulled up front) and were in an out in about three hours. They even gave us a decent amount for our trade in, enough that we decided to let them have it rather then try to sell it ourselves (which we have done previously with another car).

We went for the Xterra S version which gets you the side rails (a must) and other goodies, but nothing that you don’t really need like Bluetooth or Navigation (both of which you get way overpriced for at the dealers and get mediocre products).

Anyhow, to make it simple:
Go to http://www.nissan-usa.com, configure your vehicle, submit it to at least 5 Nissan dealers and watch the fireworks. 🙂

[lonestar2000]

We just bought a 2008 Xterra (in Night Armor paint, awesome!) for $4k below MSRP, which is about $3k below invoice, and about $1k below what ‘others in my area’ are paying, according to edmunds.com. And we even got an alarm thrown in at cost!

How did we do it? No carsdirect or autobytel sites, we simply filled out a dealer quote request to all the nearby Nissan dealers and went to the one offering the lowest price. Submitting for a quote via the web gets you the Fleet/Internet department and you get a take it or leave it, best deal price, with 0 haggling. We got out quote, drove down to the dealer (who already had our car washed and pulled up front) and were in an out in about three hours. They even gave us a decent amount for our trade in, enough that we decided to let them have it rather then try to sell it ourselves (which we have done previously with another car).

We went for the Xterra S version which gets you the side rails (a must) and other goodies, but nothing that you don’t really need like Bluetooth or Navigation (both of which you get way overpriced for at the dealers and get mediocre products).

Anyhow, to make it simple:
Go to http://www.nissan-usa.com, configure your vehicle, submit it to at least 5 Nissan dealers and watch the fireworks. 🙂

[lonestar2000]

We just bought a 2008 Xterra (in Night Armor paint, awesome!) for $4k below MSRP, which is about $3k below invoice, and about $1k below what ‘others in my area’ are paying, according to edmunds.com. And we even got an alarm thrown in at cost!

How did we do it? No carsdirect or autobytel sites, we simply filled out a dealer quote request to all the nearby Nissan dealers and went to the one offering the lowest price. Submitting for a quote via the web gets you the Fleet/Internet department and you get a take it or leave it, best deal price, with 0 haggling. We got out quote, drove down to the dealer (who already had our car washed and pulled up front) and were in an out in about three hours. They even gave us a decent amount for our trade in, enough that we decided to let them have it rather then try to sell it ourselves (which we have done previously with another car).

We went for the Xterra S version which gets you the side rails (a must) and other goodies, but nothing that you don’t really need like Bluetooth or Navigation (both of which you get way overpriced for at the dealers and get mediocre products).

Anyhow, to make it simple:
Go to http://www.nissan-usa.com, configure your vehicle, submit it to at least 5 Nissan dealers and watch the fireworks. 🙂

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