Ford: PURCHASEING A USED CAR, 2005 ford taurus, ford taurus

Question
MY WIFE AND I ARE PLANNING TO PURCHASE A 2005 FORD TAURUS

WE WILL BE PAYING CASH (FROM 401K) SINCE I WILL BE PAYING CASH (CASHIER CHECK LOL) WILL WE BE ABLE TO GET A BETTER DEAL OR LIMITED TO WHAT KIND OF DEAL WE CAN RECEIVED

THANKS
MARK BUTLER

Answer
Mark,
Paying cash does not necessarily get  you a better deal on a car. The dealer gets paid from the customer or from the bank. He actually would rather you financed through the dealer as they make some money for doing the contract.
What you should really consider is that taking money from your 401K to buy a car may cost you more than financing through a bank or credit union. When you withdraw your 401K money early you have to pay income tax which you avoided when you put your money in the 401K.
You should talk to a finance expert before you withdraw your money from your fund. You can shop around for a good intrest rate at your local banks and you may find you are saving money this way. I am not a finance expert, but I think you should be sure before you do this.
Good Luck,
John