On 1/18/2011 10:26 AM, Tony Hwang wrote:

If one can't pay off the balance every month, what is it? Living beyond
one's means? It is funny world. I just bought a new vehicle and they
don't like cash deal. I had to keep it a secret until deal was
finalized.

You _never_ want to disclose to a dealer that you're paying cash. In
fact it doesn't hurt to ask all sorts of questions about monthly
payments so it appears as if you're going to finance it. Those that
expect to get a better deal because it's a cash sale are clueless.

I had a car dealer renege on a sale after it became clear that we were
not financing, not buying an extended warranty, not buying fabric guard,
paint protectant, gold package, or any of the ridiculous stuff they
offer (much of which is actually bad for the vehicle). They made up a
cock and bull excuse that the vehicle had been damaged on the lot, then
repaired, but Toyota had not "cleared it for sale." Almost certainly
illegal, but what could I do at that point?

We went back the next day, talked to a different sales person, financed
the car, then paid it off when the first payment came. The dealer was
selling the vehicle for about $1500 below invoice, and while this was
still more than the dealer cost of the vehicle, they were only
interested in selling them to people that would provide some sort of
additional revenue.