wnaplay1647545503 Posted November 25, 2007 Report Share Posted November 25, 2007 I havent purchased a car in almost 12 years that I have not paid cash for. My question is this, when buying a car from a dealership, is it best to bring my own financing from my bank or allow the dealership to use theirs? Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted November 25, 2007 Report Share Posted November 25, 2007 Depends if you can get a better APR at your bank. I would see what the dealer can get you and then see what your bank can do. Quote Link to comment Share on other sites More sharing options...
evan9381 Posted November 25, 2007 Report Share Posted November 25, 2007 +1. i checked w/ my bank when i bought my last car, they told me the rate they could get me...when i went to the dealership, they said they could beat that rate...few days after i took the car home (day before my vacation), the finance guy calls me freaking out because he couldnt get a better rate and wants me to drop the car off with them while im on vacation. i tell him fuck no, his mistake, and i would deal with it later Quote Link to comment Share on other sites More sharing options...
NOS50 Posted November 25, 2007 Report Share Posted November 25, 2007 I've worked at Dealerships for 19 yrs so trust me on this.Take your own financing with you and they will beat or match it to get your business.Don't go in with out anything or they will try to bump you.I am a Parts Mgr by the way. Quote Link to comment Share on other sites More sharing options...
kirks5oh Posted November 25, 2007 Report Share Posted November 25, 2007 I've worked at Dealerships for 19 yrs so trust me on this.Take your own financing with you and they will beat or match it to get your business.Don't go in with out anything or they will try to bump you.I am a Parts Mgr by the way. +1. i read the book "confessions of a used car salesman" and they specifically tell you this over and over--its a great book btw. the dealership would rather finance then have someone come in there and pay cash for a car. go in there and act like you're going to finance the car through the dealership, agree on a price, and then let them know you'll be using your own bank for the financing. they will try to beat it. Quote Link to comment Share on other sites More sharing options...
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