New car: Cash or loan?

[javasaurus]

A friend asked me for advice, and I have no idea. So I'm asking you guys.

Will car dealers change a car's price if they know you'll be paying cash instead of taking a loan?

Comments

[thatwasjen]

Anecdotal: the last time I bought a car, I offered a lower price (which was the amount of cash I was able to spend on a car), and the salesman said he would agree to that price if I took financing from the dealer.

I knew that in Virginia, there's no prepayment penalty, so I took financing and paid off the whole loan a month later.

[blueeowyn.livejournal.com]

I <3 you

[javasaurus.livejournal.com]

That could work well if the financing rate is low and one month's interest is significantly less than the price reduction.

Thanks!