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A second hand car is being advertised at $1000 now and $1000 in one years time.?

• A second hand car is being advertised at $1000 now and $1000 in one years time. The dealer offers it to you at $1800 cash.Which shoud you take and why

• Answer:

  Cash - why not. You save $200. That dealer is not likely to report it to the bureau anyway. He may be hoping that you will not have the money a year from now, or forget to make the payment. The contract could read that the interest rate is 25% from the date you purchased the car. Furniture stores do this often. He's pulling what furniture stores do - smart car salesman. Chances are that he would be happy getting $1,000 cash now and the other amount he is financing is his profit. Haggle, haggle, haggle. Tell him you only have $1,400 in cash right now and that has to include taxes. /