Is It Cheaper to Pay Cash for a Car?

Answer

Buying a car from a dealer can either involve paying the whole amount by spot cash or paying the cash in installments. However, most financial advisers find it better for one to use spot cash as it may prove to be cheaper as no interest is involved. Similarly, buying a car using spot cash gives one the advantage of bargaining as the dealer is well aware you have the money and will take keen interest on you.
Q&A Related to "Is It Cheaper to Pay Cash for a Car?"
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1 Additional Answer
When negotiating a price with the car dealer do not declare your intention to pay in cash. Car dealers make extra money off a transaction if it's financed because of the interest involved. If you let them know of your intention to clear in cash, then they might increase the price to try and make up the loss of interest revenue. This is how you can acquire a car at the cheaper price when you pay by cash.
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