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They Want To Buy A Car With Cash, But Are Offered A Discount For Financing. Will Paying Off A 72-Month Loan In The First Month Hurt Them?
Yahoo Finance· 2025-12-17 07:30
A car buyer recently shared on Reddit that they walked into a dealership planning to buy a new car with cash. But the sales manager dangled a tempting offer: take out a 72-month loan, get $1,500 off the price, and just pay it off in the first month. The interest would be around $100, so they’d still come out ahead. Dealership Discounts Come With A Catch This strategy isn’t unusual. Dealerships often push financing because they receive incentives from lenders when loans are kept open for a few months. Ma ...