Credit Card Center Advertiser Disclosure

Posts: 31
Registered: ‎10-24-2012
0 Kudos

Re: How long to wait before financing a second car?

[ Edited ]

My Experience is different. I walked into a dealership with $17K a couple years ago to purchase a car and after the negotiations we got to the finance office and the dealership actually tried to push us into financing it, Even though we had 100% cash in hand. They even went as far as to say the price we negotiated was only good because they thought we were financing the whole thing. Course that backfired on them in a big way when we walked out. Before we even got home the sales manger called our cell and tried to get us back. We told them we would only come back if they would knock $500 off the price previously negotiated and we didn't have to deal with the guy we dealt with the first time and they agreed.


Don't suppose there is room to negotiate that $40K price down.

Regular Contributor
Posts: 154
Registered: ‎09-21-2012
0 Kudos

Re: How long to wait before financing a second car?

4thmouse wrote:



Don't suppose there is room to negotiate that $40K price down.

If you are coming in with 30k you should have no problem getting the price down from 40k, maybe not all the way to 30k, but I dont see how you wouldnt get 35-37k easily. Unless you are already factoring in getting the car down from some higher price to 40k by bargaining.


Another thing to think about, most dealers will not finance below a certain amount, usually around 7-10k. So you might need to keep some of your money and just pay it down on the back end.

Age: 22 //Cards: Chase Freedom, Chase Amazon Visa, Discover IT, CreditOne, CapOne Quicksilver, CapOne Cash, Walmart, Barclaycard, Citibank BestBuy, NavyFederal Visa Signature cashRewards //AAoA: 1 Year 3 Months (but going down quickly Smiley Tongue) //CK:692, Sesame:656

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.