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> If you weren't getting low interest rates, you'd be getting a better cash price. Not necessarily. If dealers get a kickback on the financing, they can actua
by smackfu 12y ago
> If you weren't getting low interest rates, you'd be getting a better cash price.
Not necessarily. If dealers get a kickback on the financing, they can actually charge less for a financed car then a cash one.
- sukilot 12y agoNot if the interest rate is low.
- ssharp 12y agoThat can be true, but if you're not getting a subsidized interest rate, the difference in interest you'll pay on a new car vs. a used car isn't big at all. Not enough to make up for depreciation. This is also a good tip -- if you go into buying a new or used car with financing lined up, you can tell the dealer that, but tell them you'll go with them if they can give you a similar rate because you might get a better price.