4 ms·
> The UK is heading this way too, and I hate it. > If you show up with cash to buy a car, you're looked at like you're crazy. They > push, and push to get you
by G3rn0ti 3y ago
> The UK is heading this way too, and I hate it.
> If you show up with cash to buy a car, you're looked at like you're crazy. They
> push, and push to get you to take out a loan.
With used car dealers in Germany it's a common thing to pay in cash. At least the down payment is usually in cash. However, having payed for my used car in cash, it still makes me nervous thinking of me taking a bus to the dealership with €11k in my backpack. And prior I had to tell my Bank in advance to order enough cash for me on that day. Even if I had used my debit card, I would have needed to tell my Bank to increase the withdrawing limit.
And I think with latest EU regulations cash transactions are limited to 10k nowadays. So all in all I think it is becoming more and more inconvenient paying in cash these days even in a cash driven country like Germany. Unless either customer to dealership bank transactions become a thing, or checks return in digital form or Bitcoin's taking off I would not even know how to pay for my next car in the future. Perhaps I should get myself a Tesla and a pile of debt after all. ;)
- interactivecode 3y agoyou can just use your debit card, the only thing you need to do is raise your limit in advance. no need to carry that much cash around.
- deleted 3y ago[deleted]
- maxehmookau 3y agoI wasn't specific enough, sorry. By "cash" I meant "not finance". It's very unusual to turn up to a car dealership in the UK with a suitcase full of £20 notes (and would probably ring alarm bells for money laundering). Usually dealerships insist on a bank transfer. Although, pro tip, if you can agree to paying a deposit with a credit card then the entire car purchase should be covered under Section 75 protection if the car is not sold as advertised.
- rusticpenn 3y agoI have just used a bank transfer in Germany, it has always worked.