Reply to When people say they "pay cash" for a car...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Usually certified check from bank.  [/quote]

Why? Why not just cut a regular check? That’s all we’ve had to do to pay for cars that cost between $55k and $75k. Is there something I’m missing?[/quote]

Until about 4-5 years ago, you had to do certified checks.  Now dealers have a way to verify the funds so regular checks work.  Without verifying, they are not trusting you have $50K+ in funds and giving you the car

[/quote]

That is not true.

Car dealers have no issues accepting large personal checks.  This is not new.[/quote]

We just did this with a car dealership in Bethesda that everyone knows.  We have bought a car for cash with them before and we took that car to them for service for 7 years, so maybe they just trusted us.  But, they didn't even run our credit and we wrote them a personal check.  I can't remember if they did more checking the first time we bought with them, but the car was sitting in my driveway 30 minutes after I wrote that check, so it definitely had not cleared the bank. [/quote]

Service customers are always target for future vehicle sales; I’m sure they maintain a profile of your payment history, and probably annual credit checks as an ongoing customer. [/quote]

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