Tips on Buying Cars: Buying a New Car 100% Cash


Question
If one is able to buy a car from a dealer all cash, what is the most common way of doing this with the assumption that all the funds are in my bank account?

Answer
Depending on the dealerships rules, if you know the exact amount they may require a cashiers check, or you may be able to have the money wired, or if they take a personal check (most unlikely) and hold the car until it clears. They will try to convince you to finance because they make money on the loans. I hope this answers some of your questions. Let me know if any other questions. Good Luck!