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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It’s a colloquial phrase and so it’ll mean different things in different contexts. If the taco truck says “cash only”, they mean banknotes and coins, and not electronic payment like debit or credit. But for big ticket items like cars or houses, “cash” doesn’t generally mean physical coins and paper, it just means the currency is all transferred up front, and isn’t paid using credit, financing installments, etc. No debts were incurred in the purchase. And yes, some dealers may offer you a lower price when you pay this way,.
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