Buying used w/ preapproved financing?

Discussion in 'OT Driven' started by dbman96, Sep 3, 2004.

  1. dbman96

    dbman96 Active Member

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    If I've already got a check in hand from a bank for up to 30k, does that give me the same leverage with a dealership as if I were carrying cash in hand? I've only bought one used car and paid cash for it, but I'll be financing this one so I'm not particularly familiar with the procedure. Obviously if I'm asking the dealer for financing it gives them the upper hand, right?
     
  2. Cachee0

    Cachee0 OT's Technical Recruiter, Send me your resume

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    Not all. For one the dealer loses the Fin. but they also get kick backs from the banks.

    Also They get there money asap from the banks anyway.
     

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