Re: Buying a Used car with cash
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I'm guessing (and just guessing) that they get a kickback for the loan so they're actually making money off of your financing.
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Oh, I'm sure of it. But I'm probably only going to buy $10-$12K worth of car. I don't think they'd be losing much kick-back. My plan would likely be to walk in, pick the car and tell them I'm paying with cash and to knock $X off of the car and if not I leave.
They'll do anything for a sale, especially to get a used car off their lot. I'm pretty sure I could get 1-2% knocked off the price for walking in with a money order ready to buy.
Thremp: Explain more, please.
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