I'm in the market for a new motorcycle and while I have the cash to purchase one new off the lot in full, I know that agreeing to a dealer financing plan is a negotiating tactic I might be able to use to help get the final purchase price down. Whenever I've gone into a dealership offering to pay cash up front I've always been quoted full MSRP and then ridiculous dealer markup.
Is agreeing to a really high interest rate loan to get the purchase price down and then immediately paying it off the next day a strategy I can actually use? Or are there drawbacks I'm not considering? It'd be my first time working with a real, actual loan.
Also I should note that I ought to just buy one used and most of the time I do, but this particular make/model is in short supply in the used market and hasn't significantly depreciated for the model years I'm interested in.
Submitted August 16, 2023 at 02:18AM by Rhedogian https://ift.tt/mrE5be1
