Should I Tell the Car Salesman that We Would like to pay by cash?

My bf and I would like to buy a new car and we decided to pay by cash so that we don%26#039;t have to pay loan interest rate for the loan/finance.But our concerned is we worry if we tell the car salesman and they might increase the car price as they can%26#039;t earn money from us for the finance. Please advise.Thanks

Should I Tell the Car Salesman that We Would like to pay by cash?

just go in there and negotiate the price of the car before een mentioning how you will pay for it, if they ask tell them you need to know how much you are talking about in costs before you think about the financing.

my father in law told me this trick about buying houses and it worked great for me on that and buying my cars:

- get their lost possible price w/o saying how you will pay for it

- tell them that you will pay cash and how much can they knock of considering that

- when you reach what you feel is his absolute best price say this: %26quot; you mean to tell me that that is the best price considering that I will be paying for this in cash today!?!%26quot; (then shut up, and dont say anything until he responds... he%26#039;ll then show his hand

good luck

Should I Tell the Car Salesman that We Would like to pay by cash?

yes

Should I Tell the Car Salesman that We Would like to pay by cash?

If your paying by cash you should actually ask for discount. Say %26quot; How much discount will you give us if we pay with cash%26quot; a lot of places give discount for cash %26amp; if they don%26#039;t tell them you%26#039;ll look elsewhere

Should I Tell the Car Salesman that We Would like to pay by cash?

don%26#039;t tell him what your doing till your done negotiation the price if your buying from a private seller its best to tell them you would pay in cash because its less hassle.

Should I Tell the Car Salesman that We Would like to pay by cash?

Cash is okay, just start with offers that are lower than the asking price for the car. It might actually be a good idea to say that you%26#039;l pay cash, but only for a certain amount (under the actual cost of the car), they may do it because you are paying cash. And if not they will most likely settle for not squeezing anything else out of you.

Should I Tell the Car Salesman that We Would like to pay by cash?

First, play like you%26#039;re not sure if you can afford it. You LOVE it, but your not quite sure if it fits in your budget. Don%26#039;t mention cash until you%26#039;ve got the price where you want it and financing has been approved. Then as a joke, ask him what he could do if you just paid cash. Make a lower offer than that. Call him on it if you%26#039;re comfortable with that price. This gives you leverage, because now he%26#039;s put himself out there. If he renegs, LEAVE IMMEDIATELY and do not look back unless he makes an even better offer for the %26quot;insult.%26quot;!

Should I Tell the Car Salesman that We Would like to pay by cash?

no way if you are paying by cash, they will LOWER the price. such as if the car is 14 grand, say i will give you 11 or 12 grand in cash right now for that car. the salesman is going to want to make 12 grand in one day versus one and then the rest spread out over the next couple of years. My friend was able to talk down a saleman a few grand since she was paying all in cash.

Should I Tell the Car Salesman that We Would like to pay by cash?

Negotiate the price of the car before you tell them you are paying in cash. Beware that the dealership , by law has to report your transaction ...due to so many deadbeat drug dealers who have wads of flashy cash ...so as long as your cash is legit ....you%26#039;ll be good to go !

Should I Tell the Car Salesman that We Would like to pay by cash?

I got the finance price, then asked what the lowest cash price I could get....the manager came out, he offered the car for 2000 less....and I opened my purse..and paid....

so you might be surprised

Should I Tell the Car Salesman that We Would like to pay by cash?

Sure, why not? Cash is eminently acceptable; of course, I%26#039;d be concerned about carrying twenty-five thousand dollars in green stuff (and the dealer may also be a tad leery about the transaction. Of course, you could also offer a certified check, which amounts to the same thing, and, of course, you won%26#039;t have to hassle with the %26quot;ten thousand dollars withdrawl%26quot; rules that apply at the bank (Federal regulations mean that the bank has to report withdrawls of more than ten thousand dolars in cash), plus there%26#039;s also the hassle of counting out that many hundreds and fifties!

If you%26#039;re paying the entire amount %26quot;up front%26quot;, you could and should tell the dealer that you don%26#039;t require financing - after they accept your counter-offer, naturally!.

Should I Tell the Car Salesman that We Would like to pay by cash?

yeah, you should because you will get a tremendous discount if you pay cash for the car.

Should I Tell the Car Salesman that We Would like to pay by cash?

I would not tell them by what method you will be paying until you have been offered the price you REALLY want to pay for the vehicle, especially if that dealership does their own financing. If they know, in advance, that you will pay cash, that lets them know they are going to miss out on, not only a higher commission, but also interest they would have drawn on the loan. More than likely, they would try to cheat you (even more than they already will - sad, but true).

Should I Tell the Car Salesman that We Would like to pay by cash?

Dealers (everybody) likes CASH. They don%26#039;t have to wait loan etc. It is quick money in HAND.

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But when people say cash (when buying cars) they could mean one of 2 things: (a) pay everything all at once using a check (b) pay literaly in US cash. If you are talking about paying literally in US dollars bills, note that they will have to report it to IRS (when it is over about $8,000 to $10,000), just in case it is drug money.

It doesn%26#039;t necessarily set off alarms at IRS, but it is something you should know.

Should I Tell the Car Salesman that We Would like to pay by cash?

Always offer something low and make it sound like a serious offer. Salesman have heard it all, but if you are serious about a low offer, they will likely respond with the lowest price they can actually afford to sell the car for. DO NOT show excitement about the car, or tell the salesman you love it or cant live without it. They sense excitement and turn it into a sale.

Should I Tell the Car Salesman that We Would like to pay by cash?

Yes one of the first questions you will be asked if your financing, the simple answer is %26quot; HAVE NOT DECIDED %26quot;

I am happy to note you realize cash is not an Ace when buying a car but its still a process of several other steps, if you care to learn some more go to my website for some further study, its free advice with no string attached http://www.usedcartips.org/

Should I Tell the Car Salesman that We Would like to pay by cash?

Hello! People! Stop wasting time, energy, effort and sheer stupidity into how to waste a car salespersons time! THEY DON%26#039;T CARE HOW YOU PAY! THE FACT THAT YOU PAY CASH OR FINANCE HAS NOTHING TO DO WITH HOW MUCH ANYONE GETS PAID! DEAL WITH IT! Car salespeople are professional negotiators and have likely sold more cars in the last thirty days than you%26#039;ve purchased in your lives! GET SOME REALISTIC EXPECTATIONS! The car is not going to be half off because your %26quot;paying%26quot; cash which usually means your writing a check which usually means the dealer has to wait 10 days for your check to clear. New cars cost money. Dealers are going to make a profit. You are not more clever than the other 120 million people who buy new cars every year. If you were truly intelligent

you would buy a new car with 0% financing availiable, put your money into a money market account and earn a yield of around 10% on your hard earned cashola.

Should I Tell the Car Salesman that We Would like to pay by cash?

car dealers don%26#039;t like to keep tens of thousands of $ in cash around. they will probably insist on a certified check.