Major purchase in cash
macy
Rep Points: 500
Have you tried a major purchase of any equipment or things in full cold hard cash? Care to share it here?
I did that. I purchased a $6,000 truck with cash. I had plenty saved up for it. I didn't want to have to get a loan and end up paying more then $6,000 in the end because of all the interest.
Biggest purchase was for a service, fertility treatments. We got a loan for it, but had to pay the clinic in cash. Bye bye 14K.
macy
Rep Points: 500
Wow huge amounts you have there! But its an advantage really as you can save more from the incurring interest rates.
Yes, of course. When the price of items is not that high, I usually withdraw the amount from my atm, and pay directly. It helps to eliminate the worry of future payments.
i bought a van 2 months ago 2004 8500
Do you mean CASH cash? No I rarely make a purchase over $100 in cash. I'll write checks or use a debit card and not charge it, but I don't like carrying a lot of cash on me. It's also good to have a physical record of your purchase other than a receipt and banks provide some fraud protection in most cases.
I paid for a good few things cold hard cash. 9k the most
Last year I purchased a computer arond $2000 cash. I don't know if that is considered a large sum. For me it is because I had to save up a long time to purchased it.
We bought a car in cold cash. It was just wrapped with a newspaper for security purposes. We opt to use cash since they require additional cost for using a credit card.
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