Not confused at all. I am well aware of the context in which the term 'cash' was used. Incidently, a bag of actual cash is also heavily regulated with money laundering laws. They don't want to wait for bankers drafts to clear either.
The point I was making is that paying outright to gain a discount is a myth. Dealers do not want your money, they earn commission on finance and although they cannot differentiate between a 'cash deal' & finance paying for the car out right does not always equate to the best deal.
For example, why would you forgo the 'Deposit Contribution' that many manufacturers were offering to pay out right? If you really are paying out right & not borrowing it elsewhere,why not borrow the minium they will lend, typically £2,500 over the minimum term (to attract the least interest) & then pay the finance off after you have collected the car. That way you get the deposit contibution minus negligible interest & the car has cost less than if you 'paid cash'. Hardly rocket science.
Edited by Rodge1 on 04/12/2017 at 16:28
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