Trying something new with the dealer.

[kombolcha]

i was thinking about my strategy when going to the dealer sometime next week and i came with something..

Now i don't know a whole lot about dealing with them which is why i'm posting this.

This was what i was thinking.. i tell the guy i don't have any money to put down, but instead i would like a very high interest rate, that'll interest him, and not care about how much he sells the car for.

if you think about it, even if he sells me the car for $8,000, he could make over $150 - $200 extra every month just on interest.

so say we work a deal on $8,000 and i get this super high interest rate.. What he doesn't know is that i do have money.. so i wait about a week, come back to the deal with $8,000 cash and pay off the car without having to pay the interest. Sure it will **** him off, but i get a hell of a deal.

what i'm scared of now is, if i do this, are there some "cracks" where they can keep me from paying off the car or anything else. if anyone knows please post.

[JiveMasterT]

you cant just ask for a really high interest rate. i mean, if you have garbage credit you will get a really high interest rate. most dealership loans are handled through outside banks. the dealership just wants its money and it doesnt care if you have to pull 50s out of your nose.

[silver-dagger]

The salesperson makes nothing on the lone. All of his is on commition for the sale. You might make a better deal if you tell him you have the money in cash for the sale. This is how much you have and what you are willing to pay for the car. If they say no on the sale then just walk out and come back in a couple of days and ask the same salesperson if they are willing to make the sale.

[bayrider]

most loans dont let u pay a lump sum at ur discretion. Some do, some make u pay a fee and some just dont allow it at all

[Razorwing]

what car is this? used/new? it also depends on the condition of your car.. remeber if it has anything broken, and you know how to fix iit, you can have a bargain with the guy. If you don't, I suggest you leave it.. good luck man

[kombolcha]

certified used.. Accord