Hi community, I have 110K in total savings and I am thinking of buying a Honda CRV costing approximately 30k, paying all cash. First time car buyer here. Since I will be making a cash payment how much can lower the price here? Would you recommend going the all cash route. Context - Current TC 140 Moving to amazon TC 210 came from India 4 years back
Get a loan with a credit union, don't buy all cash. You can get a better return on your money elsewhere, and it builds your credit score.
Nooo, don’t!! Go to YouTube and search for “Dave Ramsey Car Payments”
Do you want to give a TL;DR?
With $110K savings I wouldn't buy new. No offense. Autotrader.com and buy used. Cheaper, does exactly the same thing, and you have more money to invest
Don't get a CRV. Get a CX-5. And buying a car new with straight cash is stupid. Interest rates are low and you can get close to invoice pricing via Costco and similar services
Create account in edmunds and post this question
Get a Tesla instead. It will be the best purchase of your life.
Stfu
+1 to Credit Union. Also check Honda finance. You might get a 0 to 1% loan on low down. Always try holding on to cash as much as possible. A 5 year 1% auto loan from Honda Finance isn't going to add much to your cost but keep that money in the bank
Invest that money in a FD and u get 6% annually.LOL
I bought crv all cash this year 32k no issues. Dealership will try to sell you a loan because it's free money for them so just reject and give a check.
After agreeing on a price, ask if you can get an additional discount if there is a loan.
You might get no apr deals with higher cash down. Go with loan at lesser apr. invest the cash somewhere else make more money 💰
You are smart enough to work at Amazon but still buying an ICE car? Get a Tesla, Leaf or Kona
Start by reading about cr-v (and newer Honda in general) problems with turbo engines. Oil and gas mixes, power loss etc.