Buying used car for cash, what to expect?
I'm buying a used car for cash, I've got 5 grand in hand for the purchase price. I'm looking at used dealers to buy from.
How much of a discount can I hope to get using cash, and from what price should I attempt to negotiate down from (example, if the sticker price is 6 grand, could I reasonable negotiate it down to 5?)
First of all, I am an owner of an used car lot. I have no idea how the others think that we want you to finance! The dealer will get the check from a finance company, the COMPANY will get the financing interest...not me. I sell a lot of vehicles to other dealers, you could certainly find a dealership with a good rep to buy from. You should ask for (1) A carfax (2) any warranties offered. Just realize taxes will be involved, for an example, my state, TN...taxes on 5,000 would be 500 bucks. Ask for an out the door price, includung tax, title fees. Hope this helps.
