Automotive

Better to Pay Cash or Finance for Best New Car Price?

  • Last Updated:
  • Aug 10th, 2022 10:22 pm
Member
Feb 18, 2013
309 posts
95 upvotes
Scarborough

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.
1 reply
Member
Oct 19, 2008
454 posts
692 upvotes
Halifax, Nova Scotia
Paying cash for the best price hasn't been the case for at least a decade, if not longer.
If you are talkjng new cars, there is no real negotiating these days. Getting away at MSRP is a win.

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