Is cash still a thing?

[Gardiner Schneider]

Get a loan with no pre repayment fee and pay it off on the first installment

I wouldn’t do business with a dealer who did that .

Not sure why you would not do the loan and first installment pay off. Have a friend whose home my wife and I have stayed in who is a Ford dealer. Several years ago we bought a new F150 4x4 and he told me flat out that he could bring down the price by about two grand if I went with a loan on the whole thing and paid it off after 30 days. OK. He dropped the price and we paid it all off at 30 days with no penalty. It has something to do with the plan the bank had that it would be screwing us out of a lot more than two grand in interest if we took the full five years to pay off the loan. Perhaps most buyers who take out the big loan do not learn of the ability to pay after 30 days or just end up not wanting to spend all that cash. It worked for us.

 

[SS396driver]

Not sure why you would not do the loan and first installment pay off. Have a friend whose home my wife and I have stayed in who is a Ford dealer. Several years ago we bought a new F150 4x4 and he told me flat out that he could bring down the price by about two grand if I went with a loan on the whole thing and paid it off after 30 days. OK. He dropped the price and we paid it all off at 30 days with no penalty. It has something to do with the plan the bank had that it would be screwing us out of a lot more than two grand in interest if we took the full five years to pay off the loan. Perhaps most buyers who take out the big loan do not learn of the ability to pay after 30 days or just end up not wanting to spend all that cash. It worked for us.

That was my advice too . Pay it off first payment you will get hit with some interest on the principle for the 30 days.

 

[Marley5]

I pay cash for everything.
My wife is a financial advisor and says " never pay cash ".
Heck if I know.

 

[farmer steve]

Anyone get a deal with a Stihl dealer pay cash?

A tad over $100 off the new 261 I bought a few weeks ago. Cash money talks.

 

[Bill G]

Wish I got paid in cash for machine shop services, Always a company check. I tend to pay in cash but the Internet purchases are always CC. Harbor Freight is on their CC and I buy enough at one time to qualify for X months, same as cash no finance charge.

I finance farm equipment so long as it's 0 percent financing.

It's said..'There is no romance to the finance'...

I do not insult the machine shops here with checks or plastic. I pay them in dead presidents.

 

[OM617YOTA]

I always tip at restaurants in cash.