What do I need to provide the dealer with aside from a cashier check when I pay for a car in full the day I buy it?

145

Asked by bayleesmonga Sep 12, 2012 at 01:16 PM about the 2008 Ford Mustang GT Deluxe Coupe RWD

Question type: Shopping & Pricing

I am planning on buying a 2007 or 2008 Mustang GT Deluxe in November. I plan on paying for the car in
full the day I buy it. Aside from the cashier's check what else am I going to need to provide the dealer?

9 Answers

1,565

not much, pretty much when u start the buying process they're gunna be having u signing all sorts of papers....even if u pay in cash they will have u fill out a credit form and make sure u actually have the funds, otherwise u could cancel the check anyway

1 people found this helpful.
1,565

if u dont have good credit and ur paying in cash AND they still want a credit report....say no and stand ur ground, they r going to try and get the credit report so they can turn around and say "wow u have good credit! u know, we can get u our lowest payment plan yet with this score!" because thats when they get another 20% comission on the car

1 people found this helpful.
235

Cj ur rite I work @ at a car lot and having an individual pay cash is always better but something we don't see a lot of. As far as the commission I wish it was that much but more like half then a third of that. Checking the credit report gives the seller an idea of what type of person u r good credit they will try to convince u to purchase a more expensive car maybe even finance the remainder that u dont pay in cash which does give the seller a larger commission stick to ur guns

1 people found this helpful.
15,815

I have bought my last two vehicles with cash. Both were paid with using cashier's checks (who really wants to carry 15 grand in cash). They checked my license and my insurance, put the temp tag in the back window and I drove them off of the lot.

3 people found this helpful.
435

Actually if you are paying cash for the car try this: See if they wil take a credit card (assuming you have a card with a high $$ limit) for payment. typically a merchant has to pay a 2 or 3% fee on every credit card transaction. If they say "yes" then on the day of purchase say you will pay for the car in cash if they subract another 2 or 3% off the sale as that is the cost to the CC company they'd have to pay anyway. They'll be mad but hey you are doing them a favor buying the car from them. I did this a couple of times and it worked...but they weren't too happy...LOL

1 people found this helpful.
235

Too bad u don't want an 06 I got one for you only 64000 miles! Fully loaded new convertible top,with a transferrable 24 month warranty, :-)

615

THE DEALER MIGHT ASK FOR YOUR DRIVERS LICENSE. SHOW IT SO THEY KNOW IT'S VALID. DO NOT LET THEM HAVE IT, THEY'LL COPY IT. YOU DON'T WANT IT COPIED. IN AN EARLIER ANSWER SOMEBODY MENTIONED YOU CANCELLING YOUR CHECK, IF THE DEALER SAYS THIS IS WHY THEY WANT THIS OR THAT INFO FROM YOU. STOP THEM RIGHT THERE. BECAUSE YOU CAN NOT STOP PAYMENT ON A CASHIER'S CHECK. AND YOU DON'T NEED I.D. YOU USE IT. THE BANK FILLS IN THE NAME OF THE PAYEE FOR YOU. DON'T ANSWER ANY QUESTIONS!!!!

1 people found this helpful.
2,585

A dealer does not want you to pay cash for the car. He will put you In to the box.and get you to finance the car.remember if you can use somebody's money instead of yours.then do it.

Just finance it at the time of purchase and when you get the first month's statement, pay it off. That way the dealer will get the commission from the financing company and when you have paid it off the first month, your credit score will go even higher. Both, buyer & seller score points !

Your Answer:

Mustang

Looking for a Used Mustang in your area?

CarGurus has 1,836 nationwide Mustang listings starting at $1,048.

Postal Code:

Ford Mustang Experts

  • #1
    F_O_R
    Reputation
    3,380
  • #2
    G A Arne
    Reputation
    2,150
  • #3
    Bob Beaman
    Reputation
    1,990
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Dodge Challenger
23 Great Deals out of 537 listings starting at $690
Used Dodge Charger
33 Great Deals out of 775 listings starting at $3,900
Used Chevrolet Corvette
12 Great Deals out of 512 listings starting at $14,988
Used Ford F-150
197 Great Deals out of 12,224 listings starting at $521
Used Chevrolet Silverado 1500
108 Great Deals out of 10,213 listings starting at $3,655
Used BMW 3 Series
137 Great Deals out of 2,467 listings starting at $2,995
Used Nissan 370Z
4 Great Deals out of 174 listings starting at $13,500
Used Jeep Wrangler
27 Great Deals out of 1,636 listings starting at $3,999
Used Jeep Wrangler Unlimited
41 Great Deals out of 5,327 listings starting at $500
Used Jeep Grand Cherokee
102 Great Deals out of 4,803 listings starting at $1,938
Used BMW M3
5 Great Deals out of 54 listings starting at $16,950
Used Mercedes-Benz C-Class
98 Great Deals out of 1,856 listings starting at $3,900
Used Nissan 350Z
21 listings starting at $7,994

Used Cars for Sale

2020 Ford Mustang For Sale
387 listings starting at $32,812
2019 Ford Mustang For Sale
3 Great Deals out of 586 listings starting at $1,048
2018 Ford Mustang For Sale
8 Great Deals out of 143 listings starting at $22,946
2017 Ford Mustang For Sale
162 listings starting at $16,992
2016 Ford Mustang For Sale
3 Great Deals out of 91 listings starting at $16,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.