Thread: Dealer Prep
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Old 11-22-2020, 10:02 AM
retiredguy123 retiredguy123 is online now
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Originally Posted by Pedrocarrasco01@yahoo.com View Post
Dealers also make a lot of money on the financing, when you get to the finance office to complete the deal and after all of the “out the door price” is mentioned, you will be asked how would you want to pay and offer several options that the dealer will make money on financing by a “dealer approved lender will give them extra money, either pay with a letter from your bank or like we did with a check, the last one, I put the entire amount on my credit card, the dealer thought that I was crazy since the credit cards charge outrageous interest, then I explained that I was getting 2% back on the purchase, he stated it will never go through, I loved to see his expression when it was approved, he could not believe it, and yes I paid it within 30 days, so I paid zero interest and got another $600 back from them. Life is GREAT mostly when you figure it out!!!!
Most dealers will not accept a credit card to purchase a car.