2020 GMC Sierra Denali 3500hd dually is $80,000 MSRP, I go to the dealership with $60,000 cash in a a duffle bag say take it or leave it?
- jimanddottaylorLv 71 year agoFavorite Answer
You will definitely surprise them, but when it comes to big business, numbers are numbers. Does not much matter if it is a truck load of pennies or a signature on the line of credit
- zipperLv 61 year ago
They will laugh their asses off at you!
- Trump 2020Lv 71 year ago
That will provide them with a good laugh. They'll say "Can't BELIEVE there are STILL people who think cash buyers get a better deal"
- fire4511Lv 71 year ago
If the MSRP is $80,000 you are not going to purchase that truck for $60,000, They will thank you for your offer and ask if you would like to finance the balanceSource(s): 39 years in the auto business
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- JudyLv 71 year ago
You don't get a cheaper price for paying cash. If you finance, the dealer gets their money up front anyway, from the bank or finance company.
- STEVEN FLv 71 year ago
They will decline your offer. There is both too much paperwork and too much risk accepting that much cash.
- SlumlordLv 71 year ago
This would look highly suspicious since nobody doing legal things would carry around 60k in a duffle bag. Really not a bad idea to talk them down on price but just bring a certified check instead.
- DON WLv 71 year ago
The cash part, as others have commented, will not work.
The part that may work is to say you are prepared to purchase that day, provided the end price, including all fees, is $xxxx (name a price). You won't negotiate, but if they aren't prepared to sign on the line that day for that price, you will be walking. If they will sign, you will go to the bank and get a guaranteed check for the amount and will have it to them by 4:00pm.
- Anonymous1 year ago
Sounds like drug 💉 money....red flags
- AlCaponeLv 71 year ago
They will laugh you and your bag of cash right out of the store. You must have heard from your grandfather that cash gets you a good deal at a car dealership. It doesn't work that way anymore. Actually, a dealer would prefer that you finance your purchase with him because he makes a commission that increases his profit on the deal.
Besides, if you pay such a large amount of cash, it irritates the dealer because he must fill out annoying Federal forms that help make sure you are not laundering illegally obtained money -- and he likely doesn't have a process for handling and storing such amounts of cash. He would be totally justified in charging you a higher price for the car than if you financed instead of paying cash.