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Benzinga
Benzinga
Business
Ivy Grace

Buyer Shocked When A Dealer Tells Him Paying Cash For A Car Adds $1,000 To The Price —'Dealerships Aren't Selling Cars, They're Selling Loans'

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Buying a car has never been fun, but one shopper found out just how upside down the process can be. Instead of scoring a deal by flashing cash, he was told it would cost him $1,000 more than if he agreed to finance.

The frustrating scenario popped up in the Dave Ramsey subreddit under the post titled, "Buying a car, and the dealer says it'll cost $1000 more if I pay cash." The buyer spelled out his confusion: "As the title suggest, dealer will charge me $1000 more if I don't finance through the dealer. Is there any reason why I couldn't finance the car, collect $1000 discount, and pay the car off tomorrow without paying any interest?"

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