2006-10-12 18:39:57 · 12 answers · asked by aidaa_cat 1 in Cars & Transportation ➔ Buying & Selling
Yes you can.
If youre young, however, you might want to get a loan if youve never had one before. It is a lot easier to get a car loan in the future if youve had one previously (assuming you paid it off on time). You could always immediately pay it off with the cash.
2006-10-12 19:05:53 · answer #1 · answered by bumbleleigh 4 · 0⤊ 0⤋
Yes you can but keep in mind I don't know why you want to do that, but for every time you pay an individual company $10,000 or more they have to report you to the IRS. But if everything is legal you should have no problem doing that other than the dealer losing some money that they expect to get from the bank since they get a commission every time they write a loan.
2006-10-13 01:17:58 · answer #2 · answered by Colin L 5 · 0⤊ 0⤋
In Singapore, if you use cash to buy car or house, it is of not welcome. Even though your money is clean and with legal proved of earning it, the car dealer or house broker are not happy to close your deal. Because, they don't get a commission (can be thousand over dollars) of earning from a loan, if you will to take up through them. Thus, this is the present situation of using cash to buy these, other then that, people welcome cash transaction.
2006-10-12 21:56:23 · answer #3 · answered by James Louis 5 · 0⤊ 0⤋
Yes, if you carry that much of cash with you when you go and buy car. I believe nobody will do that as it is too risky
2006-10-13 00:24:31 · answer #4 · answered by Forgettable 5 · 0⤊ 0⤋
yeah, if you go to a dealer you can do it all by cash. WIth private party sales, you can give them cash, then you have to go to the dmv and pay registration, taxes etc.
2006-10-12 18:44:44 · answer #5 · answered by Mike C 4 · 0⤊ 0⤋
Yes you can, In fact, it's much better to settle fully in cash.
Make sure you have it registered in your name straight-away
and get the receipt of payment and document of car's
registration correct before departure.
Good luck!
2006-10-12 18:49:54 · answer #6 · answered by steplow33 5 · 0⤊ 0⤋
The dealer will love you if you offer to do that. You'll most likely get a discount as well.
2006-10-12 18:47:59 · answer #7 · answered by The One True Chris 3 · 0⤊ 0⤋
yes of coz u can..but you need to pay abit more as you are not taking loan..this is the common practise..as car dealers earn when u take loan....
2006-10-12 19:24:49 · answer #8 · answered by dior babe 3 · 0⤊ 0⤋
yes.. Cash is the best way I think.
2006-10-12 18:43:20 · answer #9 · answered by barbaradjt 5 · 0⤊ 0⤋
yes it be good for you but bad business for the dealers... as they cannot earn your interest....
2006-10-14 18:42:17 · answer #10 · answered by Khairudin Bin Salim 4 · 0⤊ 0⤋