Anonymous wrote:

Anonymous wrote:We write personal checks. Last time we bought a car, they just asked us to bring a bank statement showing we had the funds.

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

Do you have tens of millions of dollars? I move any excess cash to a money market into my investment account (to the extent I want it in cash/cash-equivalent), and just keep enough in checking to cover my monthly nut.

Anonymous wrote:

Anonymous wrote:We write personal checks. Last time we bought a car, they just asked us to bring a bank statement showing we had the funds.

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

Honestly I don’t think they would blink or care. That’s not an insane amount.

I just did this! They did check my credit score, I can’t even remember why exactly but they said it wouldn’t ding my score. Like it wasn’t that kind of check or whatever.

Anyway they would take a personal check but not a wire transfer and I didn’t have paper checks, so I had to go to the bank and get a cashier’s check. It was very analog. I just assumed there’d be a way I could do a transfer, but the guy said they don’t take wire transfers because you can reverse them. But they would take a personal check? Didn’t make sense to me but whatevs.

He said people do come in with stacks of cash though, mostly older people.