Car loans
in Banking, Insurance & Loans ·
Kimberly Lopez65 said:I'm voting for unsecured too. I’ve been crunching the numbers for a new ride and I need maximum flexibility with my monthly payments. I don't want to deal with co-signers or having my paycheck garnished if things go south. I want minimal paperwork and zero headaches, which basically means going the unsecured route.
By the way, quick question... there's a decent chance I'll have enough cold hard cash in a year to just buy the car outright. Do dealerships actually give discounts to people paying cash versus those financing through a bank? Is it possible to negotiate a lower price or maybe throw in some extra features for the same cost, or am I wasting my time?
No. They don't care. The bank pays them the full amount regardless of how you fund it.
You'll find better deals if you look at demo vehicles used for test drives. Or try finding something that's been sitting on the lot too long. Sometimes you can even snag a deal if the dealer owner gets a special commercial discount.