I feel like this is an exceptionally dumb question but, does paying in “cash” limited to paying with paper currency? Or would paying for something, say a vehicle, in full and with a debit card also qualify? so, basically, does not paying with credit or in payments qualify?
Also, paying in full with a debit card is a preferred method for a car dealership, right? Would that be something that one could offer in negotiation in order to bring the price down a bit?
Thanks for anyone who answers this. Much appreciated and have a good day.
In: 9
Another example where “paying in cash” comes into play… let’s say you’ve got a contractor working on your house. He might tell you he can finish the project for $1600… but if you pay in cash he’ll charge $1300.
In this instance he’s suggesting you pay in cash so there’s no formal record of the transaction as there would be with a credit card or check… and he’s doing this to avoid paying taxes.
This is similar to when people say a transaction is “off the books.”
Latest Answers