I have $10,000 to put down on a $33,000 car, will they come down.?
I have $10,000 to put down on a new Toyota Tacoma TRD as well as a car that should be traded in for about $5,000. The truck I want has an MSRP of $33,000 what are the chances of the dealership coming down to 30k?
- BillLv 75 years agoFavorite Answer
They should negotiate in the $30k range but it has nothing to do with a large down payment. Try to negotiate the price before figuring in the trade in price as most dealers try to offset the discount by low balling the trade. Good Luck
- IanabLv 75 years ago
Not that good.
Paying cash for a vehicle generally gets no discount.
Reason is that if you finance the vehicle the dealer gets the cash anyway from the finance company, PLUS a commission for selling you the finance.
So actually, even if you pay the entire cost in cash, the dealer is making LESS profit on the deal.
Of course the dealer will still be happy to sell you the car, however you finance it, but expecting 10% off, when they are actually making less profit?
- NeverLv 75 years ago
Im not sure of the markup on a $33k truck.
You can make an offer & be willing to walk. Usually if you play 2 dealers against each other for identical trucks you can get the best deal. Neither wants to lose a customer to the other guy.
Your down payment wont really affect how much they come down, only if you can get approved for financing, which you should be doing via a 3rd party anyway.
- Rob RLv 75 years ago
Why would your down payment matter? Think about this for a minute: If you had ZERO down and financed it all, the bank writes us a check! Even better than your check. Down payment has no impact on the price you pay. Your negotiating skills do.
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- doug bLv 65 years ago
sell your old car .take that cash plus your 10 large and buy something that costs no more .stay out of debt on a car .you buy it for 33 drive it off the lot and its worth 28 .boy what a great deal 4g to drive it around the block
- AlCaponeLv 75 years ago
Cash won't get you a discount. Check with Truecar.com and find out what other people are paying so that you have a realistic notion of what kind of discount you can actually get.
- Anonymous5 years ago
Zero chance now they have the deposit, you should have negotiated the price first.