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Posted on 5/22/24 at 1:25 pm to TrapperJohn
Not sure about buying. However, if you're selling a car, ask to be paid in 1 oz gold coins, however many gold coins you feel the car is worth. Then pay the sales tax for the car, using the value of those coins which is clearly minted by the US on each coin: $50 dollars each.
Posted on 5/22/24 at 7:49 pm to JohnnyKilroy
quote:
What's regulatory issues are there when providing financing to an out of state buyer?
Not limited to financing, but "regulatory" issues are variances between states on tax law (for trade equity, rebates, leases, etc) registration, lease restrictions (eg. NY doesn't allow security deposits).
When financing, the bank holds the title so if the buyer screws something up with registration, the bank probably has to deal with the headache. This wouldn't be the case with a cash deal.
Posted on 5/23/24 at 7:27 am to TrapperJohn
Every time I buy a car I try to pay what I would pay in cash via credit card to get points. Obviously not if I get stuck with the fee though, but I haven't been the couple of times I did this.
Hit them with the old "I can either pay with credit card now, or I'll go to the bank tomorrow and then come back". No dealership wants you to leave and give you time to back out.
Hit them with the old "I can either pay with credit card now, or I'll go to the bank tomorrow and then come back". No dealership wants you to leave and give you time to back out.
Posted on 5/23/24 at 8:33 pm to notsince98
quote:.
have had good luck with contractors giving cash discounts. I think it makes sense that services will be more likely to provide cash discounts vs purchasing a product.
Yep, up to 15% off with greenbacks.
Posted on 5/24/24 at 7:20 am to OccamsStubble
quote:
Not sure about buying. However, if you're selling a car, ask to be paid in 1 oz gold coins, however many gold coins you feel the car is worth. Then pay the sales tax for the car, using the value of those coins which is clearly minted by the US on each coin: $50 dollars each.
Most states tax the fair valuation of the vehicle (asset, ad valorem) … not the payment itself
Posted on 5/24/24 at 7:35 pm to VolSquatch
quote:
Every time I buy a car I try to pay what I would pay in cash via credit card to get points. Obviously not if I get stuck with the fee though, but I haven't been the couple of times I did this.
Hit them with the old "I can either pay with credit card now, or I'll go to the bank tomorrow and then come back". No dealership wants you to leave and give you time to back out.
My daughter bought a car out from under another buyer who was playing that game. They were coming back the next day with money.
We showed up that morning and bought it about 3 hours before the other party arrived with funds.
"It wasn't meant to be" for the other buyer. Car dealerships don't care. Slap the money down and drive off the lot so they can fool around with the next vehicle/sale.
Posted on 5/25/24 at 10:09 am to TrapperJohn
Seems a lot of places are now adding 3% for the credit card fee, forcing you to use a check.
Posted on 5/27/24 at 6:25 am to skewbs
quote:
They make more money when you finance through them.
Would this be an end around depending paperwork costs?
Okay finance the damn thing. Walk out with a loan, and then once you get your statement or find out how to pay, pay the entire balance with a check. The car dealer gets his cut from the financing sale, you get a better deal if the only way was through financing.
Now if there are fees such as loan origination fees and such this method could go south really quick, also you probably will get stuck with at least one month of interest.
Posted on 5/27/24 at 7:25 am to Tarps99
Any reputable car loan isn't going to charge an origination fee or prepayment penalty.
If you are dealing with that, then your credit situation is probably telling you not to finance a car because you suck at it.
As far as I have heard, the dealership needs 60+ days to get any payment from the finance company.
But their main concern is moving the vehicle and focusing on the next sale.
It doesn't matter if it is cash or finance, they want to close and move on. They aren't going to argue with you on your desired payment method (cash or finance). They ultimately don't get a say.
If you are dealing with that, then your credit situation is probably telling you not to finance a car because you suck at it.
As far as I have heard, the dealership needs 60+ days to get any payment from the finance company.
But their main concern is moving the vehicle and focusing on the next sale.
It doesn't matter if it is cash or finance, they want to close and move on. They aren't going to argue with you on your desired payment method (cash or finance). They ultimately don't get a say.
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