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
This is context dependent.
When you’re just buying a hot dog at a corner grill they mean literally paying with physical currency. This avoids the transaction fees associated with credit/debit cards.
When you’re making a large purchase, a “cash buyer” doesn’t actually have $70,000 in cash in a briefcase (usually) but rather have arranged some debit or transfer rather than needing to finance the purchase on credit.
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