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re: Why do people think “paying cash” gets them deals?
Posted on 12/1/24 at 1:57 pm to Jack Daniel
Posted on 12/1/24 at 1:57 pm to Jack Daniel
When you get a new AC unit installed in your house. If you are using a family owned business to do it, when they give you your bill, ask them how much will it be if you are paying cash.
Or a mechanic that isn't the car dealership or any type of service that isn't a franchise.
Or a mechanic that isn't the car dealership or any type of service that isn't a franchise.
Posted on 12/1/24 at 2:53 pm to 87PurpleandGold
Better yet. Most mechanics have their own tools. Get them to come to your house when off
Posted on 12/1/24 at 2:54 pm to Jack Daniel
Boomers are figuring that the seller is thinking like them. Cash is not reported to the IRS as income, thus a lower price. You are the idiot.
Posted on 12/1/24 at 3:15 pm to BHM
quote:
I don’t think he was speaking about how much pay. He said the seller would not make more if you financed and that is partially correct. If you purchase a car from a dealer and finance it, the additional interest you pay goes to the finance company and not the dealer.
So the buyer pays a lot more to finance but the seller gets paid the same selling price from the finance company.
There of course sometimes kickbacks and dealer shenanigans.
Yeah, but the problem is he set up a straw man argument to prove his point, his premise is false and has been rebutted many times in this thread.
Posted on 12/1/24 at 3:50 pm to BPTiger
quote:
People think that because it many instances paying cash gets you a better deal.
In some deals , most definitely.
However, as others have said, not so much with new cars or other new retail type items.
This post was edited on 12/1/24 at 3:51 pm
Posted on 12/1/24 at 4:23 pm to OweO
A hazard with paying cash to house subcontracters
The sub can save money by not paying for Workmans comprehensive insurance , and share the real savings with you. But have a person get a serious injury on the job and the lawyers will be all over the home owner
The sub can save money by not paying for Workmans comprehensive insurance , and share the real savings with you. But have a person get a serious injury on the job and the lawyers will be all over the home owner
Posted on 12/1/24 at 4:29 pm to Jack Daniel
quote:
Maybe this works when paying for labor because the guy getting paid can pocket it without taxes
I have gotten “deals” via paying cash for jewelry and labor.
Posted on 12/1/24 at 4:32 pm to Jack Daniel
Because it does with larger purchases.
Posted on 12/1/24 at 4:45 pm to BPTiger
quote:
People think that because it many instances paying cash gets you a better deal.
Well it doesn’t get simpler than this.
I will add
The poors will not understand this fact.
Posted on 12/1/24 at 5:25 pm to Jack Daniel
It once did but no longer.
Posted on 12/1/24 at 5:29 pm to Snipe
quote:
Well it doesn’t get simpler than this.
I will add
The poors will not understand this fact.
cash is still king, I think we can wrap this discussion up
Posted on 12/1/24 at 5:34 pm to Jack Daniel
quote:
A car deal for instance, whether the buyer pays cash or financing for 100 years, the seller is still getting the total asking price up front
In the days of 0% interest I still asked for a cash price. Financing costs money and it’s the manufacturer that buys that rate down for marketing purposes. There’s no such thing as free money.
Posted on 12/1/24 at 5:39 pm to KLSU
quote:
Not on automobiles. Dealers would much rather you finance than pay in cash.
You aren’t being literal enough. A pure cash transaction, as in paper currency, is easily kept off the books.
A “cash” transaction with a check, etc. is a lot more traceable by the IRS.
Posted on 12/1/24 at 5:53 pm to Jack Daniel
No 2 or 3% credit card fee.
Posted on 12/1/24 at 5:55 pm to EZE Tiger Fan
quote:
Why do people think “paying cash” gets them deals?by EZE Tiger
FanLOL I love these "Let's shite on Boomers when I don't know what the frick I'm talking about" threads.
It’s normally because the ones starting them not only are dumbasses, but have no cash and tend to be note poor with huge interest rates.
Posted on 12/1/24 at 5:56 pm to KLSU
Many car dealers will give thousands off for financing with their company. Get the deal then pay off the loan with cash shortly after the purchase.
Posted on 12/1/24 at 6:06 pm to Jack Daniel
You’re just a moron. Always have been, and always will be.
Posted on 12/1/24 at 7:13 pm to Jack Daniel
Well in girl math cash doesn't come out of my bank account and is already in my wallet so it's free money! 
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