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Old 09-06-2010, 10:35 PM
 
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Default Paying cash for new car. Personal check or chasier's check

I'll be paying cash for a new car I buy at the dealership soon. I have never done that before from a dealer, always got loans before. Will dealers take personal checks for the full amount or do they usually require a chasier's checks from your bank?
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Old 09-06-2010, 11:51 PM
 
Location: Washington, DC & New York
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Unless they know you personally, the dealer will want either a certified personal check or cashier's check for the car. The only times I have ever paid by a regular personal check, with no certification, is at a dealership that had sold cars to multiple people, and generations, in my family. Ask the dealership what would be acceptable forms of payment, since it can vary. The annoying problem can come into play when they try to sell you extras and your check is a cashier's check for the agreed upon price.
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Old 09-07-2010, 01:13 AM
 
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I have paid with a personal check for every car I've ever bought in person at a dealership for the last 45 years, and I didn't have a long term business relationship with any of them.

It's never been an issue for them to accept my good check, and I've driven the car away upon completion of the deal at the time. Most deals were done after banking hours, so the dealerships could not even call my bank to verify that the check could clear at the time I gave it to them.

I've bought cars in CA, AZ, NM, CO, and WY. Never been asked for anything except to finance a car, which I've identified at the beginning of our negotiations that I was a cash buyer, ready & capable to make a decision on the spot. With my driver's license for ID, and proof of car insurance, I had all the paperwork I've ever needed to do a deal. I didn't need to visit with their F&I department, I simply negotiated the "out the door" purchase price, added the sales taxes, and wrote my check.

But maybe the dealerships in your area are different, and want certified funds. Call them and ask in advance ... although in today's soft sales environment, I'll bet if you showed up on their doorstep and made a deal, your good check for the full amount with proper ID would be most welcome.
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Old 09-07-2010, 04:28 AM
 
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In NYC they probably do require a cashier's check. Here in the midwest I have never paid other than with a personal check. Evey dealer takes a personal check. Private seller, different story.
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Old 09-07-2010, 09:18 AM
 
Location: Victoria TX
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Quote:
Originally Posted by bmwguydc View Post
The annoying problem can come into play when they try to sell you extras and your check is a cashier's check for the agreed upon price.
I don't see where that would be a problem. You have two choices. You can say "There's my check for the agreed-upon price---take it or leave it". Or you can pay the add-on with a personal check. No dealer is going to turn down a $20K sale to quibble over whether a $200 check is good.
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Old 09-07-2010, 09:39 AM
 
Location: Washington, DC & New York
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Quote:
Originally Posted by jtur88 View Post
I don't see where that would be a problem. You have two choices. You can say "There's my check for the agreed-upon price---take it or leave it". Or you can pay the add-on with a personal check. No dealer is going to turn down a $20K sale to quibble over whether a $200 check is good.
$200? The extras they tend to try to push on me range from $2-$6k.
__________________
All the world's a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.
~William Shakespeare
(As You Like It Act II, Scene VII)

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Old 09-07-2010, 09:48 AM
 
Location: California
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Any dealer we have ever dealt with has accepted a personal check.
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Old 09-07-2010, 10:15 AM
 
Location: Central Texas
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Quote:
Originally Posted by bmwguydc View Post
Unless they know you personally, the dealer will want either a certified personal check or cashier's check for the car. The only times I have ever paid by a regular personal check, with no certification, is at a dealership that had sold cars to multiple people, and generations, in my family. Ask the dealership what would be acceptable forms of payment, since it can vary. The annoying problem can come into play when they try to sell you extras and your check is a cashier's check for the agreed upon price.
I paid for the last five vehicles we bought at a dealer with a personal check. Two Hondas, a Mazda, a Ford, and an Infiniti.
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Old 09-07-2010, 10:27 AM
 
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I bought a new 07 Camry, at a dealership I had never been before ( 60 miles away) and he took my personal check for $18,200.
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Old 09-07-2010, 10:46 AM
 
Location: NYC & NJ
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Best to call the specific dealership in question, since YMMV
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