22nd Dec 2010, 20:03
It's true that when buying new, you don't really save on purchase price by paying cash, but you do save on interest in the long run.
When buying used, cash can get you a better deal if you have good negotiation tactics. I always buy with cash, and have gotten some great deals because of it.
Usually if you can't buy it with cash outright, it means you can't afford it and are living beyond your means, like most of North Americans.
22nd Dec 2010, 16:52
I didn't say they wouldn't take cash. Obviously they would, but they prefer to make more on a finance deal, and you won't get a better deal at most dealers just because you can pay on the spot. They are there to make money. They all own their own finance companies. Cash deals make them nothing extra, so they aren't as likely to go out of their way to earn your business with extra discounts and such. Why would they? Would you? I would try harder for the person that has to pay for my money in financing...