Submitted by ineedHALP2017 t3_10eloxk in personalfinance
Hello, my first time buying a new car from a Toyota dealership. My precious car was paid for via cashiers check. Dealer is charging me MSRP $34k plus $799 dealers fee. He also said I would need to finance through them for a MINIMUM of six months rather than paying via cash/cashiers check. Is there any way to get around this? What happens if I just pay the whole loan out in one lump sum to avoid interest? I’d really like to not take a loan out if possible. Interest rate would be 7%.