Cash rebates taxed?
Sorry if this is a long post, but couldn't really make it short. Went shopping for a new truck, and amazingly I found one that has pretty much everything I wanted, and very little that I didn't. ...
Forum Discussion
Bumpyroad wrote:DownTheAvenue wrote:
Bumpy-
According to the New York Times, 11.7% of buyers pay cash for their vehicles. You are right that sometimes there are incentives to use dealer financing, but unless one compares by first researching other finance options, then just walking into the dealer and automatically using the dealer to obtain financing, one is foolish.
so according to nYT data (which I always question) you believe that 88.3 % of car buyers are foolish for having given somebody their SSN. originally you automatically considered anybody financing their vehicle to be foolish.
bumpy
NO BUMPY! As I said, but apparently you ignored, there are times when dealer incentives for financing make cents. Often there is 0% interest or cash back when only financed with the manufacturer's finance arm. Ignoring those incentives would be leaving money on the table. But just walking into the dealer, negotiating a price, and then let the dealer provide financing is foolish. If you want I can explain it to you further. Just PM me.
