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Old 10-05-2020, 05:12 PM   #63 (permalink)
JSH
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Quote:
Originally Posted by Piotrsko View Post
Anymore, who here besides me buys a this year new model car in cash*? Not being disrespectful, but pretty much everybody does easy monthly payments, so perhaps those need to reflect the average operating costs instead. This would mean a different cost /mile parameter that would actually reference what the public is doing.

*Actually check, that much cash is apparently illegal now.
I buy 3 year old vehicles with cash. Actual cash not a check. It isn’t illegal to pay for a vehicle with cash and it happens more often then you think. If you pay more than $10k in cash the dealer has to fill out a form and send it to the feds.

When I bought my 2009 Prius I was chatting while the finance person was doing the paperwork and asked how many cash sales they get. He said about a dozen a week including a guy that day who purchased a $60k truck with cash.
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