being poor is expensive and that makes buying a reliable car hard for a lot of people but more often than not the people getting the deepest discounts also have the deepest pockets we're talking thousands in savings the average car buyer never sees so how do they do it what are the secrets of the rich car buyers that help them get super cars for super cheap today on wheelhouse we're gonna break down the top five ways rich people get cars for cheap and maybe even find out us broke boys and girls can do the same huge thanks to omaze for sponsoring today's video our friends at omaze wanted to give you the chance to win the most american thing possible and apple pie didn't feel bold enough they legally can't give you a bald eagle and apparently nobody can own thanksgiving so they decided to give you the chance to win this restored NUMBER_TOKEN pontiac gto with taxes and shipping included just go to URL_TOKEN donutmedia to enter for your chance to win originally created by automotive icon john delorean this classic NUMBER_TOKEN horsepower restomod muscle car has been expertly modified and restored with a NUMBER_TOKEN cubic inch fuel-injected vNUMBER_TOKEN a tremec tko NUMBER_TOKEN NUMBER_TOKEN-speed manual staggered NUMBER_TOKEN inch bud knit billet wheels and because omaze cares about your hands a budnik steering wheel mmm that's nice and you can flex your muscles even more knowing that every donation supports music cares a charity founded by the recording academy that helps musicians in need offering preventative emergency and recovery programs to the artists that give so much to the world through their music so donate today to support a great cause and for your chance to win this restored NUMBER_TOKEN pontiac gto good luck as much as car dealerships are ingrained in our society most people don't know how they work when a dealership buys cars directly from the manufacturer they're looking at some pretty hefty price tags it takes an incredible amount of capital to buy an entire parking lot's worth of new vehicles and the dealership needs some leftover cash for operating costs so what do they do well the same thing anyone who wants something but doesn't have the cash does they open a line of credit the dealership agrees to take a bunch of cars on loan that they think they can sell allowing the dealership to keep their own capital available for other business operations like payroll and service center costs but just like with any loan there are terms involved and that includes monthly interest the longer that loan is not paid in full the more expensive each car really was for that dealership so how do they pay back that loan and get interest back well that gets passed down to you and i the consumer you might be thinking nolan what does this have to do with rich people i'm gonna tell you this is the first way rich people get cheaper prices a wealthy person with stacks on stacks on stacks is going to walk down into the dealership lay down a fat down payment if not buy the car outright and help generate capital for the dealership to pay back those loans pretty quickly avoiding additional interest on that vehicle therefore the dealerships will be willing to cut all kinds of deals with that buyer offering all kinds of incentives for getting that car off the lot and free the dealership from their loan as quick as possible the credit check will be solid no chance the payments won't be made and they can rest a little easier about the floorplan financing interest still looming over the rest of the lot so if
START_SPONSOR_TOKEN huge thanks to omaze for sponsoring today's video our friends at omaze wanted to give you the chance to win the most american thing possible and apple pie didn't feel bold enough they legally can't give you a bald eagle and apparently nobody can own thanksgiving so they decided to give you the chance to win this restored NUMBER_TOKEN pontiac gto with taxes and shipping included just go to URL_TOKEN donutmedia to enter for your chance to win originally created by automotive icon john delorean this classic NUMBER_TOKEN horsepower restomod muscle car has been expertly modified and restored with a NUMBER_TOKEN cubic inch fuel-injected vNUMBER_TOKEN a tremec tko NUMBER_TOKEN NUMBER_TOKEN-speed manual staggered NUMBER_TOKEN inch bud knit billet wheels and because omaze cares about your hands a budnik steering wheel mmm that's nice and you can flex your muscles even more knowing that every donation supports music cares a charity founded by the recording academy that helps musicians in need offering preventative emergency and recovery programs to the artists that give so much to the world through their music so donate today to support a great cause and for your chance to win this restored NUMBER_TOKEN pontiac gto good END_SPONSOR_TOKEN