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Reply to "When people say they "pay cash" for a car..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We write personal checks. Last time we bought a car, they just asked us to bring a bank statement showing we had the funds. [/quote] Umm...I'm not showing a car dealer (or anyone) the my bank statement. I typically keep $150K+ in it, if I was purchasing a car, I'd have $150K+the price of the car. None of their business [/quote] You keep 150k in your checking or your savings? I have a lot of cash too, but I keep it in a high interest savings account where at least it gets 4% interest. My checking gets 0%. [/quote]
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