Dealer Wouldn't Take My Check
#71
#72
#73
Cash is cool but when you are buying an expensive item that wad of 100 dollar bills can choke a couple of horses. I think we need to start printing 1000 dollar bills again.
#74
here in missouri you use your old plate or get a new one when you pay sales tax on the bike. after paying sales tax the state will send you a new title with your name on it.
#75
Join Date: Nov 2015
Location: Alberta Canada & PV Arizona
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#76
I have paid with checks for cars, motorcycles and the current house with a regular check. No issue at all. But when I try a CC for the full amount I get refused due to the fees the seller pays. Some have said they would go to X amount. So I pay that amount with the card to get the 2% cash back and the balance with cash.
The only time I use a check is for the major items listed above, cash at restaurants(don't hand my card to anyone), CC for motels, gas, online purchases and retail store items.
The only time I use a check is for the major items listed above, cash at restaurants(don't hand my card to anyone), CC for motels, gas, online purchases and retail store items.
#77
https://www.irs.gov/businesses/small...dealership-qas
#78
A little story about a dealership I worked for. Guy comes in to buy a car. Salesman and customer do the "Sales dance" and come to an agreement on a number for out the door price.
Seems the customer was carrying two cell phones in his pockets. Customer says he wants to write a check for the car, now mind you he looks the part, well dressed, expensive jewelry, blah, blah, blah.
Of course, sales manager wants to call his bank and verify available funds in his account. Not a problem, the customer writes the check and hands it to the salesman, along with his banks' phone number on a piece of paper.
The customer says he is going outside to smoke a cigarette while they verify everything. Sales manager calls the "bank" number that they were given, and the customer answers the burner phone in his pocket and verifies the account and available funds.
They do the paperwork and throw him the keys to his new car. 3 days later they find out they got hosed.
They never took another check after that.
Seems the customer was carrying two cell phones in his pockets. Customer says he wants to write a check for the car, now mind you he looks the part, well dressed, expensive jewelry, blah, blah, blah.
Of course, sales manager wants to call his bank and verify available funds in his account. Not a problem, the customer writes the check and hands it to the salesman, along with his banks' phone number on a piece of paper.
The customer says he is going outside to smoke a cigarette while they verify everything. Sales manager calls the "bank" number that they were given, and the customer answers the burner phone in his pocket and verifies the account and available funds.
They do the paperwork and throw him the keys to his new car. 3 days later they find out they got hosed.
They never took another check after that.
#79
I'm not sure why I'm responding to this, as it's drifting off-topic . . . but
Oddly enough, I have more money than most Americans, because I've been extremely careful with it. I also have money in the market probably earning eight percent, but it is NOT guaranteed. Now if you can show me an investment where I'll earn a GUARANTEED two percent PLUS the income tax I'd pay on the interest for, say, four years (how long are bike loans? I have no idea), then I'll buy in on your logic.
If you buy a car or motorcycle using a loan, most lenders also obligate you to carry full coverage insurance. There's another several hundred dollars a year or more. I don't carry anything but high liability limits. My logic? Minor crash, little or no injuries, I'll cover it. Major crash, minor injuries, I'll say "Oh, well" and cover it. Major crash, death or major injuries, I have much bigger problems than a wrecked bike.
Guess that's why we have choices.
Oddly enough, I have more money than most Americans, because I've been extremely careful with it. I also have money in the market probably earning eight percent, but it is NOT guaranteed. Now if you can show me an investment where I'll earn a GUARANTEED two percent PLUS the income tax I'd pay on the interest for, say, four years (how long are bike loans? I have no idea), then I'll buy in on your logic.
If you buy a car or motorcycle using a loan, most lenders also obligate you to carry full coverage insurance. There's another several hundred dollars a year or more. I don't carry anything but high liability limits. My logic? Minor crash, little or no injuries, I'll cover it. Major crash, minor injuries, I'll say "Oh, well" and cover it. Major crash, death or major injuries, I have much bigger problems than a wrecked bike.
Guess that's why we have choices.