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How to Buy a Car with Cash - YouTube
Channel: Debt Free Dana ツ
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hey guys it's Dana and it's Tuesday so
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it's time to talk about money and it's
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time to talk about my new car and how I
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paid cash for it and how to buy a car
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with cash all right so I have been
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driving the same Subaru for 13 years and
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the check engine light was on and the
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head gasket was leaking oil was leaking
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I don't know so I used to drive around
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with a bottle of antifreeze in the car
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to fill up the antifreeze when the car
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started overheating so I really have
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been working this car for years like
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much further than it really should have
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gone because the head gasket kind of was
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leaking five years ago but I've still
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just been driving it keeping an eye on
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the fluids and so the inspection came up
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the inspection was due and I knew this
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was probably gonna be the time that the
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car was not gonna make it failed
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inspection it needed a whole new exhaust
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system and so I was quoted $1,800 for
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the exhaust system but then I went to
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two different garages two different
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mechanics to get their opinion to get
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different quotes to see if they could
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bring the price down to see if it was
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really worth it because the Subaru
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really was only worth about $1,500 maybe
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2,000 if it was in really good shape but
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I so I didn't want to be putting $1,800
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into a $2,000 car so I I had to make the
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decision whether or not to keep this car
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or not so I decided to purchase a car
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and and to trade in or to sell my
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current one it was really stressful it's
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been making me ill and this has been
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going on for a while but I've been you
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know like I said did my research trying
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to see if I'd first get it fixed how
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much it would cost whether it was worth
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it to do that talk shipping people
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different opinion so they think the car
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would last longer if I did do the repair
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to fix it was just the exhaust system
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anyway so to the car purchasing so then
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I went and I started looking different
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places to buy cars dealerships Carmack's
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car sense where they have used cars
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I'm just local used car dealers regular
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you know main chain dealers Craigslist I
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went onto Craigslist and looked
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cars I called somebody on Craigslist
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talk to them about a car and then I
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ended up finding a certain dealership
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lot where they had used cars that were
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within my price range
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my price range being $4,000 so that's
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how much I wanted to spend on a new car
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that's how much cash that I had
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available to pay for a car this is the
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first time I've ever actually gone in to
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buy a car with cash and so it was really
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nerve-wracking but exciting at the same
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time but I found it within the inventory
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now if you go on to dealership websites
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it's actually really awesome because you
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can see their full inventory online a
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lot of times you can click and see the
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CARFAX report as well like you can see
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it all there because where I live in
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Pennsylvania a lot of people are saying
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used car dealers or people on Craigslist
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or shipping cars up from the south where
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they've been exposed to flood and
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they're reselling these flood cars up
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you know in the Northeast and a lot of
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times the buyers aren't aware that it
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was a flood that was a car from the
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flood zone so it's nice to see the
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CARFAX report online before going into
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the dealership and so I kind of have an
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idea of what I wanted to look at before
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even going in so I went into this
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dealership and I I brought my car with
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me my Subaru so number one if you have a
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car that you're looking to trade in as
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part of your deal you want to make sure
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you bring it with you and when you go to
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the dealership to buy your car with cash
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you have to do the two main things that
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I think from this experience you have to
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be willing to buy it that day is we have
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to be ready to pay for it so you want to
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bring your checkbook with you and have
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the money in your account ready to go
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and you have to be ready to walk away to
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leave right those are two really big
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important things when you're buying a
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car on being able to walk away is an
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important thing in general that you're
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willing to do that but also that you're
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ready to actually make the purchase
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because when you go in and you have cash
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whether it's actual cash or you're going
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to be writing a check or using your
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debit card if you happen go to buy a car
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at this dealership they had a sign that
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said they would do a debit card
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transaction for up to twenty-five
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hundred dollars so if you had a two
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thousand dollar trade-in and you were
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buying a car
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the remaining balance was 2,000 you
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could have used her debit card to
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purchase the rest of the car so um but
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aside from that they said they do they
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accepted personal checks which I was
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surprised by I thought that I was gonna
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have to go to the bank and get a
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certified check or have actual cash
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right but you don't they accept personal
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checks they were totally fine with that
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so you have to be like I said be able to
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buy it in that day that you're there and
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also be willing to walk away so when I
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looked at the car that I was interested
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in buying I just was really upfront you
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know the car was listed for 4900 and I
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said is there any way you can lower the
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price of this car you know I'm looking
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for the car to be about 4,500 and then I
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would like to get at least 500 for my
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Subaru as trade him because the check
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engines light is the check engine lights
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on you know it has high mileage I know
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all these things about it I didn't say
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that part but you know I'm looking for
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about four thousand dollars that's what
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I can do that's what I have and I'm
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prepared to pay you know today I had
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cash and so those two things I think are
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important I think a little bit of
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honesty I know people think that doesn't
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make any sense at a dealership but if
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you have a set amount that you are able
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to spend like you have that amount of
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money in your bank account or cash or
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whatever then just say like this is what
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I've got and honestly I think that
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really helped me they ended up giving me
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a thousand dollar trade-in for my Subaru
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that really it was like they're gonna
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take it to the auction there's nothing
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in that Subaru it's really head gasket
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leaking it's not in good shape and so I
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was able to purchase the car within my
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price range of thirty nine hundred
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dollars is what I broke the cheque for
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all right so I was really excited I
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cannot express how amazing it is to have
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actual money as opposed to financing
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your car it was such a different
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experience for me it was I just felt so
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much better not having to fill out
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paperwork for financing and tell them
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about how much money I make where I work
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you know it's just so nice not have to
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they don't need to know that it's none
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of their business when you're just
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paying for the car and I think that it
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helps so much just from a personal
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empower
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perspective especially us being a woman
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that I think it helps a lot to be able
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to sort of stand your ground and
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negotiate the price when you know how
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much money you have you actually have
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the money you're not sitting there
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behind the desk waiting to hear back
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were you approve like you know and they
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walk off and you guys sit there you I'd
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be kind of nervous waiting for their
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approval if you're gonna be you know get
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the loan it's just it's such a better
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experience when you have cash even in
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this case it's a car under $5,000 it's
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not like it's a huge amount of money
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it's a huge amount of money to us that's
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a lot of money and I still kind of felt
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like oh my gosh and setting all this
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money but it's so it was such a
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wonderful experience and then after we
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agreed on the price and everything was
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you know the deal went through and then
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I went and I sat with the you know
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somebody else I don't know I don't work
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and never worked in a dealership I don't
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know what his title was but you know the
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person who prints out all the paperwork
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for you to sign to transfer the title
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and all that stuff plus so also I
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brought with me I had the title for my
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car my Subaru had the title for that
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that I brought along to give them to the
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title but um that guy too even sitting
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with him and then writing the check out
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for the you know the car and giving it
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to him it was so much more easy and just
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like not it was just not as stressful
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the whole transaction all around just
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felt so much better to be using cash and
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I really wanted to make this video you
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guys because before I went in it was it
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was terrifying and I looked up a lot of
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videos on YouTube about buying a car
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with cash and just like the simple
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mechanics of it is what I didn't
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understand I know this sounds really
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weird but I haven't bought a new car in
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years and years and years or a new used
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car new to me car I haven't bought it in
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years and I felt like what were the
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actual mechanics of I understand like
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okay buying a cash car like I was like
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what do I do I need a cashier's check
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you know do I have actual cash like do I
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have to have actual cash or how does
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that even work I was so confused by it
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but you you can write a personal check a
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lot of dealers you just ask them you
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know do you take a personal check for
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this and you know I do think that they
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are willing to give you a better price
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either on the knock down the price of
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the car or give you a higher amount of
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money for your trade-in if you are ready
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to just pay for it because it's easier
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for them to I imagine if they don't have
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to go through all the paperwork of
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financing and then find out that you
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don't make you know the you don't
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qualify for financing than the deal
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falls through so it's easier for them to
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when you're just right than you're
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saying you're just gonna pay for it you
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know you don't have to have financing so
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they they are more willing I think to
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give you a better price and it's just I
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don't know it's just I can't it is just
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so such a great experience but like I
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said you can bring cash but you don't
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have to you can just do a personal cash
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or even a debit card like I said if all
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you owe is you know depending on the
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dealership they might have different
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amounts but they took a debt they can
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take a debit card if you're gonna be
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twenty five hundred or or less so
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especially if you're buying a used car
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that's gonna work out if you have a
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trade-in so yeah so any questions down
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below in the comments I don't think I
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forgot anything but um basically this
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car I'm hoping it'll last me it for a
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couple years it's a Toyota Camry which
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are really good cars and one hundred and
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thirty thousand miles and it's in good
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shape I think so I'm very excited about
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it
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the Subaru that I was driving the trunk
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wouldn't open so this car the trunk
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opens which I'm like oh the trunk up
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it's these little things in life you
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know what I mean and I I really just
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need this car to drive back and for it
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to work and that's really all that we
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ever use my car for and so I just wanted
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something that would get me there and
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back something very simple something I
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could pay cash with and so it was really
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a good experience for my first cash car
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buying experience alright so that's it
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you guys if it's your first time here be
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sure to subscribe I'm here every single
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Tuesday talking all about money and I
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encourage everybody to live debt-free to
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not borrow money not only because that's
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what the Bible says but also because it
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is just so incredibly freeing it feels
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fantastic because when you don't have
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payments what you have is money in your
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account which is really great right you
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can't argue that all right okay all
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right I'll talk to you guys next week
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bye
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