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Old 7 July 2008, 01:12 PM   #80
Solo118
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Join Date: Jan 2007
Location: USA
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Quote:
Originally Posted by vegaseddie View Post
In my experience in the banking/finance business, cash or credit, the price is usually the same. Either way after the sale, the retailer gets their money. It always cracks me up when friends say I will pay cash and get a better deal. In fact a retailer may make more money on a finance transaction, depending on the agreement with the finance company. At least for me when I say "cash is king" it means I am not taking out credit or taking on more debt.
Some retailers will drop the price to avoid having to pay a credit card fee. Also they would save them on tax at some retailers. I have been to many places that said "if you pay cash I will save you the sales tax"
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