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.
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For why ‘paying in cash’ has advantage for large items, if you are buying a house and have the total amount in cash, it means you don’t have to secure a mortgage. It can happen such that a buyer puts in an offer, then the bank rejects it. So for the seller if they got two identical offers, the cash offer has a higher chance of going through.
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