Quote:
Originally Posted by Daikon
Hi, I'm planning to buy a new vehicle for my wife. I plan to pay in full with a cashiers check.
I want to avoid credit inquires on my credit (I have a a healthy score and credit history).
Is simply going to the bank and getting a cashiers check for the full amount all I need to do to drive away after all sales documents are signed?
Located in California if that matters.
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I bought my 2021 4runner TRD Off Road in cash with a check.. but it wasnt so easy.
I test drove and asked about a personal check or cashiers check the salesperson said no problem.
So I come back next day to pay they were jerks and told me no checks of any kind.
Im like how do you pay if you dont finance... they said cash. Im like NO WAY im bringing 50K in cash to a car dealer. I said I can put on two credit cards they quickly said no to that..
So they called a manager and said they would do an option contract for the sale.. that ment if the check didnt clear in X days I was on the hook for the financing of vehicle. I had to go thru prelim credit check etc and it never got processed due to my check clearing.. imagine that.
I paid with check and drove away and in a few days the check cleared.. less than a month I got the title and a week or so later the plates from the DMV.
Apparently the dealer I went to (Glendale Toyota in Glendale CA)) has had problems of people stopping payment of check and taking off with car (i think thats some BS story myself).
Thats how it went for me .. maybe my dealer was just a jerk and wanted to hard sell the financing?