WindTherapy · 56-60, M
When you say "paying cash" are you talking a stack of 100 bills, or writing a check? If it's actual 100's I doubt they could refuse but it may draw some suspicion. I bought a truck last summer and it was a write a check deal and there wasn't any issue here. But dealerships are often involved with lending institutions and I'm sure they probably get a little kickback from them. So I'm sure they try and steer buyers to borrow from certain lenders. But I doubt they would refuse a sale.
Thirstymiami · 46-50, M
@WindTherapy they will take cash but by law have to report any amount over..
ChipmunkErnie · 70-79, M
@WindTherapy Heck, my heart specialist and the local hospital refuse cash AND checks in person, will only accept credit cards.
WindTherapy · 56-60, M
@ChipmunkErnie Yep same with mine. When covid hit many places wanted contactless payments. As a side benefit they don't have to audit and make sure cash payments are being properly deposited. So I can see the benefit for those providers.
HumanEarth · F
Personal Check or cashier check
Straight out cash I heard humors that they call the IRS on you, and banks do the same with caah deposits as an individual non registered business
Straight out cash I heard humors that they call the IRS on you, and banks do the same with caah deposits as an individual non registered business
I bought a new car last year, paid in full. Not an expensive car by any means. They didn't even wash the car or remove the peely stuff before I drove home. They weren't pleased with me 😂
dale74 · M
I don't know what the rule here currently is on card dealerships I bought three or four vehicles for cash only just wrote him a check for it they look at you kind of weird when you write a check for over $10,000 and it's a personal check and they're like they don't know what to do I'm like take it to your finance person have him call the bank see if the check's good and give me the fucking keys to my new car
heavyone2 · 61-69, M
They make money on the loan, they don't like cash but have to take and also must show the invoice.
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heavyone2 · 61-69, M
@morrgin Well.. some do hold on to a check , they verify it to get "ok'd" and such. You have 72 hrs. in most states to call off the deal and bring back the car if you are not completely happy with the deal and also if something goes wrong with it. I've had nightmares with cars before.
morrgin · F
@heavyone2 They were probably hoping we'd change our minds and bring it back. We'd already paid around $250 for them to just hold for 2 days and they called during that hold period to ask us if we were positive we wanted it. I think they had a buyer at the lot or something. Once we got there to buy it and gave them a check they stayed professional, but you could tell they were a bit depressed as they asked questions about if we wanted warranties and if we were sure we didn't want financing.
tallpowerhouseblonde · 36-40, F
The dealer is less likely to negotiate on price when they cannot sell you a finance package.You hold off on telling the sales rep how you will pay for the car until the price is agreed on.The dealer gets commission on selling finance packages.
Virgo79 · 61-69, M
If so go someplace that will accept cash
Jenny1234 · 56-60, F
I’ve always paid in full at time of purchase with certified cheques. However I know that where I live $7500 is the max you can pay In Cash at a time for stuff because of money laundering rules
zonavar68 · 56-60, M
Here in Australia you probably can still buy a car with cash from most vendors, but like all things they try to push you to electronic payments for everything now. The better and safer option is a bank cheque but remember until the seller gets full cleared payment (without a finance contract) you don't get ownership.
Iwillwait · M
I believe that's possible due to Federal Law regarding Money Laundering concerns. They may require bank check or certified check in lieu of actual Cash.
SomeMichGuy · M
They can't refuse American cash.
SomeMichGuy · M
@RoxClymer Now you are reaching.
They are a business. They want to sell cars.
Cash is best, because they don't wait to get money or sell a contract for some lesser amount.
You were mixed up from the beginning.
They are a business. They want to sell cars.
Cash is best, because they don't wait to get money or sell a contract for some lesser amount.
You were mixed up from the beginning.
ChipmunkErnie · 70-79, M
@SomeMichGuy Tell that to my heart specialist, the local emergency room, etc. Doctors in particular seem to be turning down cash recently. I wonder if it's against the law?
SomeMichGuy · M
@ChipmunkErnie They likely don't want to run a cash drawer, but I'd force the issue.
496sbc · 36-40, M
Like how large. Most want credit
MarineBob · 56-60, M
Accepting a large cash amount just means mire paperwork and most already have it prefilled out anyway. Hell most accept anything including gold
Patriot96 · 56-60, C
Its been a law for a long time. Its related to drug dealers dealing in cash
@Patriot96 Anything over $9,999 is reported to the IRS, who then does an investigation into the person's financials, if those show suspicions, then they act.
ChipmunkErnie · 70-79, M
They DO make more money by selling you a loan or a lease, but if they turn down full payment I'd walk out the door.
Moneyonmymind · 31-35, M
For my next car purchase it will most likely be cash
tenente · 100+, M
correct
I bought my 2010 Dodge SUV in full four years ago with cash, whoever told You that was lying.