If so, what should be on the receipt. A mechanic I am going to is offering to take cash in exchange for him discounting the taxes. What if they replacement part fails, do I have recouse with just the receipt?
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yea your o.k just make sure receipt has date,name of person receiving the cash, and paid on it and the company name on it
First of all, negotiate a fair price to pay. Get the dealer's invoice from which you should start your negotiation. Find out what the current dealer sales incentives to the buyer are ($1,000 or $2,000 or in some cases more). If one of the incentives is 0% financing, then there is no reason to pay cash for the car; your interest cost is $0; the same as paying cash. If there is no financing incentive offered, the only justification for not paying cash is if you can invest the money at a guaranteed profit rate that is sufficiently higher than the financing costs. Do your homework and Good Luck dealing with the professional car salesman who has infinitely more experience with the buy/sell game than you will ever have.
Yes it is safe. The shop that I use (when I can't do the work for myself) only takes Credit Cards or Cash. Most do it this way, because a written check could bounce and it could take a long time to get your money back (usuually more expensive too). Some shops, just prefer cash. They pay a fee for every credit card transaction.