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Cash IS NOT king...to the dealer anyway....
When it comes to paying cash....dealers dont like to see it because they would rather you finance so they can make money on that.
Having said that though, Why would you want to pay cash?????
Example:
Your Buying a 20,000.00 Car and you can finance at...say 6% APR.
Would you rather:
A) Pay 20k up front to avoid the 6% apr that you would pay over time.
B) Finance the vehicle with nothing down but your trade for a 5 yr term and pay 400 or so a month for a total of around 24,000 total over 5 years.
C) Neither...You just put that 20k in your bank to EARN YOU say 7.5% in a CD or Money Market account....Lease the vehicle for 3 years, pay 325 a month and be able to upgrade in 3 years or pay it off with the money YOU EARNED in that 3 years on intrest so you NEVER eat any depriciation or even TOUCH the 20k you have in the bank??? (basically let your money pay for most of the car without even touching the original 20k)
You let me know which option you would rather do and why and Ill tell you the best way to do what you want and save you as much money as possible.
I know what I would do, but you might have a different situation than I so whichever you chose Ill give you the best advice i can...Just let me know!
Chris
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