paying cash for a car?

[Anonymous]

I once paid 12k in cash for a vehicle. No big deal. I pay cash for all my vehicles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't the idea to accept the manufacturer's financing and then pay it off a week later?

So just use online bill pay.

Why? I just bought a new car a few weeks ago, wrote a personal check.

The dealership makes money on the financing, higher commission to sales reps if you finance. They are more likely to cut you a deal on the price if you finance.

Of course, who knows if that's the case these days with cars selling over MSRP.

This! And then pay if off the next month

[Anonymous]

Can you charge at least some of it? I’d really want those flight miles.

I’d write a check, otherwise

[Anonymous]

Anonymous wrote:A friend did that. Showed up with $40k in a backpack. Told the dealership they could keep the backpack. Boss move.

$40k in cash hardly requires a backpack. Assuming they’re all $100 bills, it’s actually quite small. You can fit them all in a Crown Royal bag. That’s how real baller do it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't the idea to accept the manufacturer's financing and then pay it off a week later?

So just use online bill pay.

Why? I just bought a new car a few weeks ago, wrote a personal check.

The dealership makes money on the financing, higher commission to sales reps if you finance. They are more likely to cut you a deal on the price if you finance.

Of course, who knows if that's the case these days with cars selling over MSRP.

This! And then pay if off the next month

For what? Does your family member work at the car dealership?
None of them are offering a break if you use financing. We asked at 3 dealerships.
Pay cash. They are marking up cars as it is, no need to give them more money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't the idea to accept the manufacturer's financing and then pay it off a week later?

So just use online bill pay.

Why? I just bought a new car a few weeks ago, wrote a personal check.

The dealership makes money on the financing, higher commission to sales reps if you finance. They are more likely to cut you a deal on the price if you finance.

Of course, who knows if that's the case these days with cars selling over MSRP.

This! And then pay if off the next month

For what? Does your family member work at the car dealership?
None of them are offering a break if you use financing. We asked at 3 dealerships.
Pay cash. They are marking up cars as it is, no need to give them more money.

The last time we had to finance a car, we were told that even if we paid it off early, we'd have to pay the interest for the term of the original loan. Dealers aren't giving you a better price on a car if you finance, they're finding a way for you to give them more money, just slowly.

[Anonymous]

Anonymous wrote:Like literal dollar bills? I just write a check.

Exactly. Only and idiot would carry cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Isn't the idea to accept the manufacturer's financing and then pay it off a week later?

So just use online bill pay.

Why? I just bought a new car a few weeks ago, wrote a personal check.

The dealership makes money on the financing, higher commission to sales reps if you finance. They are more likely to cut you a deal on the price if you finance.

Of course, who knows if that's the case these days with cars selling over MSRP.

That's just not true.They do get a kick back for financing so they aren't thrilled by cash like they used to be back in the day.

[Anonymous]

Anonymous wrote:Just right a check. The dealer can run a credit check on you in a matter of minutes. Just make sure you have the money in your account.

The dealer has no need to run a credit check and walk out if they demand it. Its a scam.

[Anonymous]

I put the deposit on a credit card (car was ordered from the factory to my specs), and wrote a personal check when it arrived. Dealership policies around the forms of acceptable payment may vary, so it's prudent to ask before assuming your preferred payment method is acceptable.

[Anonymous]

Put $20K on car last year. Write a personal check. They didn’t blink an eye.

[Anonymous]

Anonymous wrote:Put $20K on car last year. Write a personal check. They didn’t blink an eye.

*wrote

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just right a check. The dealer can run a credit check on you in a matter of minutes. Just make sure you have the money in your account.

The dealer has no need to run a credit check and walk out if they demand it. Its a scam.

Yeh. The dealer said they run a “soft” credit check—whatever that is. They ran a regular credit check even though I was not financing through them which is beyond ridiculous and rude. I did write a check for $20k but they didn’t need a credit check to take it.

[Anonymous]

Anonymous wrote:A friend did that. Showed up with $40k in a backpack. Told the dealership they could keep the backpack. Boss move.

And the dealership filed an IRS Form 8300 about her because it was a cash transaction over $10,000.

[Anonymous]

No, you write a check.