Not really any longer for the past many years. The dealer has a chance to make 1 - 1/2% on interest on the amount of the loan. So the dealers really want for people to take out a loan. Now the dealers only act as agents for banks they are working with in the community or for the manufacturer's financing arm. I have always said that a consumer should check with a couple of banks (or credit unions,etc.) are what their loan rate interest is before shopping for a vehicle so a consumer will have a good idea what the interest rate might be on a loan ...of course ..interest rates will be determined basis the 'length of the financing. Hope this answers your question.Does paying cash make a difference in price
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