Has anyone tried getting a cheaper price for a car by…
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Has anyone tried getting a cheaper price for a car by financing through the dealership at a higher interesting rate, then paying off the car in cash right away?
I saw online one time that someone (for example) was buying a car. Let’s say this car is listed at 22k. The person makes an agreement with the dealership to finance through the dealer at a higher interest rate and lower cost. For example 18% at 18k. Then after the deal is met, you just pay the car off in cash. Anyone heard of anything like this working? I plan on paying for a car in cash once my 2014 car no longer works. I’m hoping in 2030 to get a 2025 car. Thanks in advance
#finance
source
I saw online one time that someone (for example) was buying a car. Let’s say this car is listed at 22k. The person makes an agreement with the dealership to finance through the dealer at a higher interest rate and lower cost. For example 18% at 18k. Then after the deal is met, you just pay the car off in cash. Anyone heard of anything like this working? I plan on paying for a car in cash once my 2014 car no longer works. I’m hoping in 2030 to get a 2025 car. Thanks in advance
#finance
source
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