Originally Posted by NatalieLucy
Interesting, you think they would take $450 cash even though the TV is on sale already? I haven't even thought about taking cash in, I have the money to do it so maybe I'll give it a go.
You'll never know unless you ask them. I've done it many times with appliances, especially at Sears and other national chains.
I usually check to see what kind of offers they are giving. Like no interest for 12 months. Take their sale price and subtract the amount it would cost them to provide you with that financing. Many places sell their installment sales to someone else. They sell it to them at a discount. You want to buy it for that discounted price. Assume the annual percent rate (APR) is 6%, that's 1/2% per month. So if they are offering 6 months, same as cash (ie, no interest), you can assume that they'd take 3% less if paid in Cash (6 months time 1/2%).
You can almost always pay cash and get 3% off instead of paying by credit card, since the credit card companies will charge them 3% or more to handle the charge.
Car companies work better with cash too. Because of dealer incentives (kickbacks), a good time to buy a car is at the end of the month. Better at the end of the quarter, and best at the end of the year. A number of years ago I wanted to buy a new car that listed for $22k. It was a 1993 model, and it was December 1993, so the 1994 models were out. I went into the dealer at 4pm on December 30th and handed them a check written out for $17k. I didn't bring any other checks. I told them that I'd buy that $22k car for $17k. They told me no deal and offered me other options to finance the car. I said no and started to walk out. As I got into my car, they ran after me and said OK.
You'll never know until you ask and start to walk away.