How do people usually pay for used cars when not taking out a loan (cash, check, something else)?
Let's say a person is buying a mid-level used car for $8,000 or so. How would that generally be paid for when a loan isn't involved? Do people actually withdraw that much in cash from their bank and physically hand over $100 bills? Or, is it common to let cars go with only a personal check in hand? Or is there some other financial instrument usually involved?
Cash, check or credit card.
