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Originally Posted by A1R3K
i'm thinking of going to buy that cadilllac cts. i hate having debt and i am wondering what is wrong with buying it cash outright. several people have told me not to do it. won't i be able to get it for alot cheaper if the dealership sees a fat envelope full of money? never bought a brand new car before but i am finally in the position to do it.
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Do it, it's much nicer.
I paid cash for my Ferrari so I can sleep better and not worry about a huge payment or anything. It was $360k so I just took $720k and put half aside for the IRs and the other half took to the dealer.
Also I wouldn't pay in actual cash, cause anything over like $5k cash they have to report to the IRS and that's a major flag and that = audit
If you have your own company you can put that Cadillac under it and write it off too!
thats my advice!