Stupid Question: How do you make the down payment on a car?

Discussion in 'Off Topic' started by dxkj, Mar 30, 2004.

  1. dxkj

    dxkj Lifer

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    I just realized that I didnt know this..... assuming you put $4k down on a car. What choices do you have to do this? Check? Cash? (who carries around 4k in cash), deposit from bank?



    Thanks for answering that noobish question that I hadnt thought to ask before now.
     
  2. SaltBoy

    SaltBoy Diamond Member

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  3. ggavinmoss

    ggavinmoss Diamond Member

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    Check or credit card are popular.

    -geoff
     
  4. dxkj

    dxkj Lifer

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    Thanks guys, I figured as such but I wasn't sure.


     
  5. Armitage

    Armitage Banned

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  6. JulesMaximus

    JulesMaximus No Lifer

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    Check. Only an idiot would charge a downpayment on a car on a credit card unless you have the money to pay it off right away and fully intend on doing just that. You would be better off putting zero money down rather than charging it.
     
  7. waggy

    waggy No Lifer

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    you need to have sex with the salesmen.
     
  8. Vic

    Vic Elite Member

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    Certified cashier's check for larger amounts
     
  9. Mr N8

    Mr N8 Diamond Member

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    Cashier's check for anything over $1000.
     
  10. iamwiz82

    iamwiz82 Lifer

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  11. CPA

    CPA Elite Member

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    Down payment? What's that?

    I don't make down payments on cars.
     
  12. RossMAN

    RossMAN Grand Nagus

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    4 possible methods (listed in order of most preferred)

    1) Cashier's Check
    2) Personal Check
    3) Cash
    4) Credit Card (which risks not being accepted and/or you will have to pay the 3% VISA/MC processing fee).
     
  13. JulesMaximus

    JulesMaximus No Lifer

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    If buying from a dealership personal check is fine.

    Private party will probably demand cash or cashiers check.
     
  14. spidey07

    spidey07 No Lifer

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    yep.
     
  15. dxkj

    dxkj Lifer

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    $5400 down.
     
  16. OZEE

    OZEE Senior member

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    I knew a guy who ordered a brand new pickup several years ago. Got quite a good discount for financing it through Ford - only had to make one payment, then paid it off with his Discover card - got the maximum amount back on that - then paid off his Discover card in full when the statement came. Got that pickup for several thousand less than list by taking advantage of the system.

     
  17. fs5

    fs5 Lifer

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    yup, it's called a dividends card. I put a $1000 deposit (for ordering) down on my cc.
     
  18. dxkj

    dxkj Lifer

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    I would pay a chunk using my discover card if they didnt charge me 3% to do so.
     
  19. Pepsei

    Pepsei Lifer

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    What are you talking about? I was disappointed I couldn't put all 5k on my Sony card for the points. I could only do 3.5K on the credit card.. I do have the money to pay it off so it wasn't a big deal.

    No extra fees for me when I used it to buy a new truck .