Can you get a discount for paying cash? What percent off do you think?
Sadly, it is becoming more and more difficult to "talk" with cold hard cash. Everyone wants the interest from the financing. I remember the days when an establishment preferred instant cash over drawn out payments.
A couple years ago, I was shopping for a boat. I told the guy I would be paying for it in cash. He told me that meant nothing because they get kickbacks from the finance companies for pushing the financing.
Such a sad state of affairs for our economy, when hard earned "green" doesn't mean as much as a piece of plastic. =/
But, that having been said, one never knows until they ask. The worst they can say is "no".
I got a great discount for paying cash on a car. (We had a considerable amount saved and my parents matched us on loaning us the money so we paid my parents instead of the dealership).
It does't hurt to ask if its a big ticket item.
Would it be so bad if you got a large discount for taking the "financing" but left the establishment and paid it off on your way home with the cash (before there was time to even accrue interest)? I guess the key is to ACTUALLY DO IT, though.
I've never asked for a cash discount, but I always just ask for a 15 or 20% discount after they quote the price. There is alwasy room in furniture deals - and mattresses as well. After everything else is negotiated, I just say, "well, this is everything I'm looking for, buy my budget is $---- . I would like to keep my business local with your store. Can you make it work for that? "
I've never had them turn me down.
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