I was wondering, when you finance a car you get interest right. So I was wondering if you get a deal for a car that is 21,000 for a new car plus the interest and all that and you have the money to pay it cash but want get a better deal so you say you're going to finance it. Can you pay for it fully before the first Payment is due. Is that possible? Will I only be paying the 21,000 cash?
I need help on a good method to buy a car for low & fully with cash?
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What Guys Said 2
I always paid my cars with a banker's cheque. Cash thus, no loan.
If you finance a car with a loan through the seller he gets a kickback from the bank, thus can give you more rebate. When discussing the price let him believe you'll take a loan through the seller, then when you're down to the lowest price, change to paying cash (6)0
You need to read your contract. SOME banks do penalize you for paying the loan off early. I know for a fact most private student loans work that way.0
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