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Cash payments that exceed $10,000 (or multiple related transactions involving more than $10,000) for a car require that the dealership report the transaction to the U.S. Treasury's Financial ...
The best way to buy a used car, according to money expert Rachel Cruze, is to pay with cash. However, if you have never paid for a used car using cash you might not fully understand the ins and ...
The dealership makes money from financing cars; the more cars it finances, the more it makes. Again, knowing the total price you want to pay for the car is key — including your down payment.
Paying for a car with cash can sometimes give you the upper hand in a negotiation, but it isn't always the case. If a dealer knows you're paying in cash, they might decide to charge you more.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
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