So this saturday I am going to a dealership named World Car Kia to purchase a 2005 Kia Rio. I wanted a 06 Rio because its so different compared to older Rios but I spoke to my auto insurance agency and I was able to knock off 200+ $ off my quote so thats great. So my question to everyone is how do i approach the dealership about doing this whole ordeal? I was preapproved for 5500 from my bank and I have 2500 saved up. The car is said to be 7900-8500 from a salesperson over the phone, riiiighhht. Since I have the loan approved is it good to go to the dealer and say I want this Rio and I am offerering you 7000 cash? To bad i am going to the dealer on a saturday when my bank is closed so I will leave without the vehicle until monday when I get my auto insurance and my bank can recieve the buyers order. What do you think I should tell them so that I get a lower price rather than paying the full 8000 I have to spend. I would love to buy a car in “cash” so to speak with 7000. Is it do-able?
so then when I offer them a price i can say i have “6000″ even though i have 2500 in my bank (debit) and my bank loaned me 5500? Or would they consider the 5500 not cash up front? Also the vehicle has 40,568 miles on it. This is a Kia dealership so I know I will find other 2005 Kia Rios with less miles. I just want to be able to save money and not spend my absolute max of 8000 total (2500(me) + 5500(bank))