- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why do people think “paying cash” gets them deals?
Posted on 12/1/24 at 7:20 pm to Epic Cajun
Posted on 12/1/24 at 7:20 pm to Epic Cajun
quote:
I have gotten “deals” via paying cash for jewelry and labor
For household repairs like with plumbers or electricians I always ask if they have a cash discount. I’d say about half of them do- IF you’re dealing with the owner/operator.
For jewelry (depending on what I’m purchasing) I might have $1k in both front pockets. If the total is say $1200 I generally pull out a strap of $100 bills and ask “Will you do it for $1k with tax?” It’s always worked.
1
Posted on 12/1/24 at 7:22 pm to Tear It Up
quote:
I might have $1k in both front pockets.
LOL
Posted on 12/1/24 at 7:28 pm to Jack Daniel
quote:
I see a lot of people, especially boomers, think saying “cash money” or “pay you in cash” gets them some kind of unrealistic discount.
I got a serious discount on a HVAC system replacement when I paid in cash. Most professionals will take cash at some kind of discount. Sorry you are a poor that has to run a card for everything.
Posted on 12/1/24 at 7:38 pm to Jack Daniel
At my shop, the percentage of people that even have cash if you offer cash discounts has probably gone from around 75% in 2015 to about 10% now.
It's kind of shocking.
Also, the amount of the people who buy more expensive records and you say $341.75 with the card or $300 cash and they just pull out the card.
And also show up 2 weeks later and pay the extra $40 with the card again.
Posted on 12/1/24 at 7:49 pm to Fat and Happy
I basically gave a bother-in-law a small truck to help him out.
We went to switch title and they wouldn't accept that I only charged him $500, and instead adjusted the sales price to FMV, thereby incurring taxes that I of course had to pay.
He sold it and bought something he wanted more shortly afterwards. Shortly after that, he left my sister. She can really pick 'em.
We went to switch title and they wouldn't accept that I only charged him $500, and instead adjusted the sales price to FMV, thereby incurring taxes that I of course had to pay.
He sold it and bought something he wanted more shortly afterwards. Shortly after that, he left my sister. She can really pick 'em.
This post was edited on 12/6/24 at 8:12 am
Posted on 12/1/24 at 7:52 pm to Jack Daniel
Wait. You think financing is equal to just paying cash… for the buyer and seller?
Posted on 12/1/24 at 8:02 pm to terd ferguson
quote:Like Robinson Brothers Ford Lincoln.
Not unrealistic... but there are tons of businesses out there that give cash discounts.
Go in there and say you have cash if they knock some of the tax off and watch them do it. If not tell em you're going to the dealership in Hammond
You've got leverage and don't have to even f with financing
Question is with a trillion in credit card debt in this country currently who really is in that position anymore I'm not raising my hand.
Posted on 12/1/24 at 8:43 pm to Jack Daniel
Boomer here. It’s definitely worked for us when purchasing furniture; cash price has always been lower. Also accepted a cash purchase offer on our home. It was less than the asking price but the quick sale entitled us to a relocation bonus.
Posted on 12/2/24 at 1:08 am to BHM
I pay cash + 3% over asking price. Most places want to charge me 15% to finance things. The Hoover vacuum guy did the demo at my house and tried to get me to finance it for 5 years at 17%. Guess he thought I was an idiot. I told him I would pay cash + 3% if he would do the deal right then and there. That idiot college aged kid caved immediately.
Posted on 12/2/24 at 4:08 am to Dirk Dawgler
Paid 9K cash for my AC. He took @500 off.
Posted on 12/2/24 at 4:10 am to Jack Daniel
Because is many cases it does. Not all but definitely many.
Even for small independent businesses where at the very least it allows the vendor to avoid fees associated with credit and debit card processing fees.
Even for small independent businesses where at the very least it allows the vendor to avoid fees associated with credit and debit card processing fees.
This post was edited on 12/2/24 at 4:11 am
Posted on 12/2/24 at 6:27 am to Jack Daniel
Because it does.
Just last week I paid for a service at my home. The owner told me $300 cash or $327 with a card. I prefer not pissing away $27
Just last week I paid for a service at my home. The owner told me $300 cash or $327 with a card. I prefer not pissing away $27
Posted on 12/2/24 at 6:35 am to Dirk Dawgler
quote:
pay cash + 3% over asking price. Most places want to charge me 15% to finance things. The Hoover vacuum guy did the demo at my house and tried to get me to finance it for 5 years at 17%. Guess he thought I was an idiot. I told him I would pay cash + 3% if he would do the deal right then and there. That idiot college aged kid caved immediately.
I may be misreading this, but it reads to me like you gave him full cash price plus 3% to avoid financing you weren't using anyway.
Posted on 12/2/24 at 7:25 am to Fat and Happy
quote:
Depends on the industry.
Don’t have to report cash.
In what industries are you not required to report cash?
Posted on 12/2/24 at 7:27 am to kywildcatfanone
quote:
I may be misreading this, but it reads to me like you gave him full cash price plus 3% to avoid financing you weren't using anyway.
Yeah, the way I read that I think he may be confused at to who the idiot in the story it.
It reads to me like he just gave away 3% for no reason whatsoever.
Posted on 12/2/24 at 7:34 am to Turnblad85
quote:
I don't understand why so many people want to "trade" for something. Other than being nostalgic, one party is almost certainly going to get the short end.
Trading or bartering is the most basic transaction there is. You either trade money, service or an item of equal value to the other party. I once traded a fishing kayak for a knucklehead motor. I no longer needed the kayak because I had 2, and he had no use for the knucklehead because he had 2.
He wanted the kayak, I wanted the motor. That was a trade we were both very satisfied with, regardless of monetary value.
I'm sorta an expert. I aced econ 101.
Posted on 12/2/24 at 8:05 am to eatpie
Then why not just trade money? The kayak and motor surely didn't have the exact same value.
He could've traded you $100 for the kayak and you could've traded him $110 for the motor. Then it would've been an equal transaction. Instead, one party was shorted because it was "cooler" or easier to say "let's trade".
He could've traded you $100 for the kayak and you could've traded him $110 for the motor. Then it would've been an equal transaction. Instead, one party was shorted because it was "cooler" or easier to say "let's trade".
Posted on 12/2/24 at 9:14 am to Jack Daniel
quote:
pay you in cash” gets them some kind of unrealistic discount. Where is this coming from?
I pay cash - actually cashiers check, when I buy a new vehicle and i wait until we have a meeting of the minds regarding the final price of the vehicle. Cash is frowned upon with dealerships since they cant frick you on the financing. I only do it to avoid having an additional monthly note.
With small businesses - for example my ex owned a hair salon. If you paid cash, you didn't get a discount but the money 100% didn't get recorded at the register.
Posted on 12/2/24 at 9:28 am to Turnblad85
quote:
Then why not just trade money? The kayak and motor surely didn't have the exact same value.
I did not want the hassle of trying to sell the kayak. Finding a buyer, weeding through the "lookers" and haggling over price is a pain. I probably would have bought the motor anyway, because I wanted it and they are hard to find. He didn't even know he needed the kayak until he saw it. No one was "shorted" because each of us received something valuable to each other.
Posted on 12/2/24 at 9:42 am to Jack Daniel
If you are buying 60s to 71 muscle cars cash is still king. You may or may not get a deal but a lot of guys I know and deal with for cars and parts won't take anything but cold hard cash unless you are dealing with one of these dipshits that just flip cars.
Page 6 of 9
Back to top
Follow TigerDroppings for LSU Football News