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re: Why do people think “paying cash” gets them deals?

Posted on 12/1/24 at 1:57 pm to
Posted by OweO
Plaquemine, La
Member since Sep 2009
120389 posts
Posted on 12/1/24 at 1:57 pm to
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.
Posted by 87PurpleandGold
Arkansas
Member since Sep 2016
834 posts
Posted on 12/1/24 at 2:42 pm to
CASH is king, baw.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
57116 posts
Posted on 12/1/24 at 2:53 pm to
Better yet. Most mechanics have their own tools. Get them to come to your house when off
Posted by CitizenK
BR
Member since Aug 2019
14049 posts
Posted on 12/1/24 at 2:54 pm to
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 by WoodCrafter
Member since Jan 2010
1074 posts
Posted on 12/1/24 at 3:15 pm to
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 by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8939 posts
Posted on 12/1/24 at 3:50 pm to
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 by ThatTahoeOverThere
Member since Nov 2021
4691 posts
Posted on 12/1/24 at 4:09 pm to
Not in the car business
Posted by Trevaylin
south texas
Member since Feb 2019
9782 posts
Posted on 12/1/24 at 4:23 pm to
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
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
36527 posts
Posted on 12/1/24 at 4:29 pm to
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 by stelly1025
Lafayette
Member since May 2012
9904 posts
Posted on 12/1/24 at 4:32 pm to
Because it does with larger purchases.
Posted by Snipe
Member since Nov 2015
15967 posts
Posted on 12/1/24 at 4:45 pm to
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 by lynxcat
Member since Jan 2008
25052 posts
Posted on 12/1/24 at 5:25 pm to
It once did but no longer.
Posted by 777Tiger
Member since Mar 2011
89172 posts
Posted on 12/1/24 at 5:29 pm to
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 by Tear It Up
The Deadening
Member since May 2005
13897 posts
Posted on 12/1/24 at 5:34 pm to
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 by Kreg Jennings
Parts Unknown
Member since Aug 2007
3915 posts
Posted on 12/1/24 at 5:39 pm to
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 by URGatorB8
Baton Rouge
Member since Oct 2018
87 posts
Posted on 12/1/24 at 5:53 pm to
No 2 or 3% credit card fee.
Posted by Martini
Near Athens
Member since Mar 2005
49635 posts
Posted on 12/1/24 at 5:55 pm to
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 by URGatorB8
Baton Rouge
Member since Oct 2018
87 posts
Posted on 12/1/24 at 5:56 pm to
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 by Sampson
Drusilla and Jefferson
Member since Mar 2012
25038 posts
Posted on 12/1/24 at 6:06 pm to
You’re just a moron. Always have been, and always will be.
Posted by HoustonChick86
Catalina Wine Mixer
Member since Dec 2009
59217 posts
Posted on 12/1/24 at 7:13 pm to
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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