Offering cash - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
General V-Strom Discussion Talk about all things V-Strom not limited to just one of the above models

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  • 1 Post By bajakirch
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post #1 of 10 Old 12-08-2016, 10:23 PM Thread Starter
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Offering cash

Lately I've been watching a fair number of classic car rebuild shows, and most of them include some poorly scripted purchase negotiations. All the time, I hear the buyer offering "$X,000 cash."

Is offering cash really still a thing these days? What's the advantage?
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post #2 of 10 Old 12-08-2016, 10:41 PM
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It's money in the hand, no transactions through banks.
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post #3 of 10 Old 12-08-2016, 11:41 PM
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In real estate, cash offers are a favorite because there need not be a bank approval or appraisal, with possible corrections that the appraiser may require. Note: Not suggest. Require. Like a roof, whether an inspector thinks it needs one or not. Avoiding appraisals is a nice way to go.
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post #4 of 10 Old 12-08-2016, 11:46 PM
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Originally Posted by bajakirch View Post
Is offering cash really still a thing these days? What's the advantage?
Yes it is "still a thing". I always carry cash and it makes a huge difference to a lot of transactions that I do. It is even better for me nowadays because very few people actually carry cash with them.

There are many advantages to the vendor, some of which you will just have to work out.

Coops.
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post #5 of 10 Old 12-09-2016, 12:33 AM
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Funny, when I got my Wee, I offered a few hundred to hold the bike and the guys said, just write a check, no sweat.
Then the bank called to be sure i had written the check fo sho!
Lotta times, green backs is a good incentive. In god we trust, all others pay cash!
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post #6 of 10 Old 12-09-2016, 09:29 AM
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Well, if I'm the seller, there's a big advantage. When I sold my Harley, I told the buyer to bring cash, mainly because I don't want to deal with the hassle of trying to get my bike back when I find out that the buyer stiffed me with a bounced check. I also don't want to deal with stopped Paypal payments, or phony certified checks. If I was in the business of buying and selling things then I'd view non-cash payments as a necessary thing, but when it's something I just do once in a while, "cash-only" is the only way I go. There's a reason that "cash on the barrelhead" is an expression.
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post #7 of 10 Old 12-09-2016, 09:52 AM
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There is a movement afoot to become a cash-free society. Theoretically, just about everything could be done electronically. This means everything would have an electronic record of buyer, seller, amount, when, where.
And a lot of our remaining privacy would be gone. There would be very little Big Brother would not know about our daily, personal lives. A lot of people are wary of this prospect. Count me in with them.
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post #8 of 10 Old 12-09-2016, 10:20 AM
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I do most of my transactions electronically and carry little cash. Just seems easier...until the power goes out.
Then a hidden wad of $20's will be real handy. Bartering may balk at $100's.
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post #9 of 10 Old 12-09-2016, 10:50 AM
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There will always be black markets - even if for barter only.

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post #10 of 10 Old 12-09-2016, 11:09 AM
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Advantages of cash for vehicle transactions:
- No bounced / forged checks
- No trip to the bank to deposit MO or bank checks
- No % cut going to a bank or CC vendor
- A little privacy on both ends
- Instant ability to spend proceeds on something else
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