Can I buy a car like this? - Forums at Modded Mustangs
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post #1 of 40 Old August 11th, 2013, 09:54 PM Thread Starter
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Can I buy a car like this?

So my brother is looking at a truck from a used car dealership and he was telling me to look at dealerships as well(because im trying to buy one as well) and I said I cant because I dont think you can pay with cash.

But can you? Like say I found a vehicle for 4 grand. If I had 4 grand could I just go up and pay for it and walk away with no interest or anything like that?

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post #2 of 40 Old August 11th, 2013, 09:55 PM
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post #3 of 40 Old August 11th, 2013, 09:56 PM
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post #4 of 40 Old August 11th, 2013, 09:56 PM
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post #5 of 40 Old August 11th, 2013, 09:58 PM Thread Starter
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lololol, thanks guys. So my brother is looking at a truck that is 11 grand. If he did it in payments, would he have interest then? Hes trying to get my mom to be his co signer for a loan for the truck, but she doesnt have a good cs. He is like 19(idfk) so could he just buy the truck himself and not have interest on it?

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Dude are you trying to make me wet
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post #6 of 40 Old August 11th, 2013, 10:05 PM
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You sure can pay cash, but they typically don't like you to because they don't make any money on interest.

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post #7 of 40 Old August 11th, 2013, 10:06 PM
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Payments = Interest

Cash in hand = No interest


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post #8 of 40 Old August 11th, 2013, 10:39 PM
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Haha maybe the op is like 15 but then again at age 10 I knew what interest and the perks of paying in cash were and what not.....
But yes op you can, I know some dealerships in my area will even go down like 500$ if paid in cash...
Goodluck op


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post #9 of 40 Old August 11th, 2013, 10:40 PM
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This is a younger member, there's no need for the rude comments. Please be respectful guys...

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post #10 of 40 Old August 11th, 2013, 10:47 PM
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Even if they are young(15-16) they should already know about this stuff.
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post #11 of 40 Old August 11th, 2013, 10:53 PM Thread Starter
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Why/how would I know if you can buy a car with cash from a dealership with no interest...

I know what interest and those things are. My question was whether or not there would be interested if I paid cash in full. I was taught that you cannot pay for a vehicle in full because of that reason(them wanting interest). (And no, my mother did not teach me that, thanks though) I was taught that in a school class. I was wondering if the same principle carried over to a used car dealership as well. Obviously not.

---------- Post added at 10:53 PM ---------- Previous post was at 10:53 PM ----------

interest*

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post #12 of 40 Old August 11th, 2013, 10:54 PM
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Sowwy my bad lol

There is NO interest if paid fully in cash. Any dealership can run it however they choose, but most will accept cash deals. They do like the payment plans, though, for obvious reasons.
If you can, pay in cash. End of story. Good luck, man.


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post #13 of 40 Old August 11th, 2013, 10:55 PM
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you can pay cash for brand new cars too

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post #14 of 40 Old August 11th, 2013, 10:57 PM
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Cash is money

Money buys things

Hence. Cash buys things.

You could buy a house with cash if you want to haha. Assuming you have it.

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post #15 of 40 Old August 11th, 2013, 10:58 PM
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+1


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post #16 of 40 Old August 11th, 2013, 11:13 PM
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Alot of times your will get a better deal if you told them you have cash


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post #17 of 40 Old August 11th, 2013, 11:21 PM
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Legal tender.


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post #18 of 40 Old August 11th, 2013, 11:54 PM
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That wasn't a serious question was it?

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post #19 of 40 Old August 11th, 2013, 11:55 PM
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Bought my car with cash (via a personal check). It was the best experience in the finance office you could have. They didn't even try to sell me any add-ons (like extra warranties). If the OP means actual green backs. Don't. Use a personal check or go get a cashiers check. No one ever said you HAVE to finance anything. Cash is King. (Hmmm, maybe I should make that my license plate... CISK.)
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post #20 of 40 Old August 12th, 2013, 12:27 AM
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Legal and tender.
Woah...where did THAT comment come from?

I think the only difference is, is if you have 10k+ in cash, they have to report it to the IRS or one of the alphabet agencies.


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