- Centurion Member
- Posts: 1141
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
I didn't, but now I think that probably wasn't the best way to go about it. It was the first time I financed a car. If I did it again, I think I would want to negotiate a price first. Once we knew we would be getting a car from the dealer, though, I went ahead and applied for credit since I knew I wouldn't be getting a better rate than their promotional one. I'd think negotiating a price would just give you more leverage. Once you apply for credit they know you are pretty serious about buying from them. Waiting to apply allows you to play more hard to get and let them court you more.
It's not that they charge you more, technically, it's just that (I suspect) they wouldn't come down in price as much. They start at the MSRP but have some room to come down. As far as I know no (reputable) dealer would charge over MSRP.
EX - 804 (9/16) | TU - 803 (10/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now