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Personal Consumer Issues • Should I finance the car if the APR is lower than the HYSA?

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Once you negotiate a deal with financing, see if you can convince them to lower the price a little for cash. If the interest rate is being bought down by the manufacturer or its financing arm, the dealer won't get the benefit of the cash, but if the dealer is paying to buy down the rate, they should not care whether you get a small cash discount or lower rate.
I've seen people saying that financing sometimes gets you a better deal but I've talked to several dealers and they said the pricing would be the same. I didn't know that there's a possibility to get some cash back by paying cash. I'll definitely ask!

Statistics: Posted by softmax — Tue Dec 19, 2023 12:08 am — Replies 8 — Views 386



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