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I want to buy a car Cash, whats the rule of thumb for the discount that I could get?

I want to buy a car, and I have cash. I really want a toyota 4Runner, but I have heard you can get a discount for buying with cash. I want to know how much of a discount should I be expecting?

Tags: Buy A Car, Car Cash, Toyota
Filed under: Car Rental Discounts

3 Responses to “I want to buy a car Cash, whats the rule of thumb for the discount that I could get?”

PETER GRIFFIN, on September 8th, 2010 at 8:05 pm Said:

Cash discount is a myth. Whether you pay cash, finance or lease, dealers get their money IN FULL upfront.

Dealers want you to finance because not only do they get kickbacks from banks but also add percentage pts to the rate to keep for themselves. California capped it at 1% thankfully.

Leasing is also lucrative because they usually get the entire MSRP which is why they push leasing so much.

Generally, the better you are at negotiating, the better deal you will get.
To learn how and to avoid dealer scams, read:
tiggsy, on September 10th, 2010 at 12:18 am Said:

In the current climate, it’s well worth trying. Ask for 20% and haggle. Even if you only get 5%, it’s better than a slap in the face with a wet fish (http://www.youtube.com/watch?v=IhJQp-q1Y1s)
N, on September 11th, 2010 at 8:34 pm Said:

There is no rule of thumb.