Question: Do Car Dealerships Take Checks For Down Payments?

Question: Do Car Dealerships Take Checks For Down Payments?

A: Yes, dealerships will willingly accept personal checks for both down payment or for the purchase in total.

However, dealerships have been known to reject temporary checks, and they will often refuse to take a check from a person who is not party to the car deal itself.

Do car dealerships take checks?

The options for payment at most car dealerships are either cash, paying with a cashier’s check (most dealers do not accept personal checks), taking the dealer’s financing, or paying with a credit card.

Do car dealerships take post dated checks?

A postdated check is not an acceptable down payment on a car loan and can result in the lender rescinding the deal and cancelling a dealer’s contract. The only way to avoid this, if the dealer is agreeable, is to wait until those funds are available before taking delivery.

Do dealerships prefer cash or finance?

But that’s not how car buying works. Dealers prefer buyers who finance because they can make a profit on the loan – therefore, you should never tell them you’re paying cash. You should aim to get pricing from at least 10 dealerships. Since each dealer is selling a commodity, you want to get them in a bidding war.

Photo in the article by “Wikimedia Commons”