Buying an expensive car with cash
December 21, 2010 10:54 AM Subscribe
What are the mechanics of buying an expensive new car "with cash"?
posted by anonymous to Work & Money (36 answers total) 1 user marked this as a favorite
I am going to buy a new car that costs about $80,000 plus tax, registration and fees. I want to pay "cash" for the car and I have plenty of money set aside for it, but I don't know what the best way to go about it is. Obviously I'm not going to literally walk in the door with 800 $100 bills in my pocket (my pockets aren't that big). Will a car dealership accept a personal check for that amount? If they want a cashier's check, I'd have to go to the dealership to negotiate the price, get the exact amount needed, and then go to the bank to get the cashier's check. It would be nice to complete the transaction without having to leave the dealership, especially if I'm doing it on a weekend when the bank may be closed.
I posted this anonymously because I don't want to be accused of tooting my horn about how much money I have. The only reason I mention the amount is that I think it's very relevant to the question.