Dealerships want you to finance. Everyone knows that. If they get you on financing for a 30k car, for example, you'll be paying over 40k over the life of the loan.
But now what if you want that same car and are paying straight cash for it? They don't get to sell you financing in this situation. So they'll be losing out on 10k worth of interest if they just sell you the car, right? So do they instead charge you 40k right off the bat to buy the car outright, so they can "make up for the 10k that they won't be getting in financing interest?"
I have a strong suspicion dealerships pull shit like this. Charge you interest in financing, and if you want to buy it outright, charge you a higher price for buying so that you'll pay the same amount anyway that you would have paid in financing. Is that what they do? If they do, what do I do to make them NOT do that?
Submitted May 20, 2021 at 01:22AM by fefaod https://ift.tt/3ftLLAs
