reddevilwarrior

Let's say that
I want to get benz cls with amg package.
which will run about 80,000 dollars

If I am paying with all cash.
how much percentage of discount should I expect from dealer?

thanks.

showtime7

Sorry my friend, but i dont think you will have any discount at all, when you are financing, they make a % of interest in they pocket, but when you pay cash, they dont ....

Ive been working 4 years as an buisiness menager for car industrie , but it work like that in Canada, i hope it dosent in U.S .

YaXMaNGTO

The dealer shouldnt give a damn if you pay cash. They couldn't care less what color the money (or check) is, or where it comes from. They want you to use their financing options to make more profit. Cash means nothing at the bargaining table.

playdoh43

you have a better chance at heckling the price down if you are financing through them, if you cash they have less porential revenue and thus would have less incentive to go down on the price.

I personally think that if you are eligible for a fairly low rate its better to finance on an expensive car through a credit union than to pay cash. most of the times if you can afford to pay cash, you should finance and invest the money instead. The payoff is usually quite a bit higher than the interest on the car loan.

VarneyMazda

my family owns 4 dealerships ill tell you right now cash price will not get you a good deal. Esp when your talking about a 80000 dollar car that the dealership is looking at making 1-2% points markup on the backend.

if you pay cash they are loosing out on 2500 dollars or more of commisssion.

reddevilwarrior

Thanks for your inputs Guys,
I was thinking totally opposite...

Thanks again

Design1stCode2nd

As other’s have said paying cash gets you nothing as far as a dealer is concerned. I also find it a little odd to be paying cash for an 80k car, I’d think investing 80% of that would give you a greater return

Also if you are actually interested in a CLS note they suffer from pretty heavy depreciation. Lots of Benz’s do actually. Look at 06 CLS’s and they average around $45k so after 2 years you are looking at a 35k loss. Now buying a 1-2 year old CLS for 45-50k seem like a better idea

dmc27

Definitely finance it. Unless you're slinging meth, I'll assume you will qualify for very low (Blutarsky low - 0.0%) which means you'll likely make more $$$ in the long run investing even w/the market being so crappy. Tho that may work in your favor, too - since the dealers are hurting for sales.

Regardless of what you do, you'll definitely get a better deal if you finance. Negotiate w/the dealer, settle on a price and make sure there are no penalties for paying the loan off early. Hell, you could put it in a .05% savings account at a credit union for a month, pay off the loan b4 any interest accrues and you'd still make a little bit extra.

Nemesis8

iTrader: (3)

Why are you worried about a discount to begin with?

DaveCM203

Works the same here. I am in the car business also.

All you can do is go on-line and do your research. Put in inquiries to three or four dealers and let them compete for your business. Don't go into the dealer until you are settled on a price. If it is an in demand, limited car, (Prius, GTR, EvoX,...) don't expect any discounts.

dshiznit1489

$60 an 8th for purp.

oh wait

showtime7

Yep true, the better thing for you to do is to put inquiries, lets them figth for you, its a cheap shot for the salesman, but its your cash

reddevilwarrior

thanks fellas.