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Financing Incentives and Paying Off Loan Immediately?

sarthazsarthaz Posts: 1
edited March 2015 in General
Hello. My dealership is offering some cash incentives for financing with them at a higher interest rate. I really just want to pay cash for the car. Can I finance the car, take the incentives, and then pay off the load immediately without a penalty?

Thanks for the advice!

Comments

  • kyfdxkyfdx Posts: 120,318
    sarthaz said:

    Hello. My dealership is offering some cash incentives for financing with them at a higher interest rate. I really just want to pay cash for the car. Can I finance the car, take the incentives, and then pay off the load immediately without a penalty?

    Thanks for the advice!

    It usually takes around 60 days to get your title and lien recorded, and then get the car paid off... .but, yes... you can do it, more or less...

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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