Better to Pay Cash or Finance for Best New Car Price?
My buddy is in the market for a new SUV, we got to talking strategies for negotiating best price etc...
In the past I’m pretty sure it was always best to pay cash for a new vehicle to be able to use as a bit of leverage to drive down the OTD purchase price... Is that still the case these days?
I’ve heard that some dealers have a ‘finance price’ and a higher ‘cash purchase price’ for the same new vehicle, since they earn some kickback via financing. Just wondering if anyone has had the same experience.
In the past I’m pretty sure it was always best to pay cash for a new vehicle to be able to use as a bit of leverage to drive down the OTD purchase price... Is that still the case these days?
I’ve heard that some dealers have a ‘finance price’ and a higher ‘cash purchase price’ for the same new vehicle, since they earn some kickback via financing. Just wondering if anyone has had the same experience.