I'm going to buy a new car in the next few days and was wondering about how to pay for it.?

I would buy the car for cash.

Your debit card will not work because the amount of purchase is greater than the individual purchase amount your bank allows.

Go to the dealer. Choose your car. Work out your deal and get the paperwork completed. Then go to your bank and get a cashier's check for the total amount on the paperwork. Take it back to the dealer and get your car.

The dealer doesn't like to see people leave the dealership before paying for the car. They will do just about anything to get you to sign up for a loan (they make money on the loan). They will even tell you that if you leave the dealership the deal you just worked out won't be any good. Don't listen to them. Tell them that if they want to sell you this car, the deal will be waiting for you when you bring your cashier's check or you will go to another dealership and buy a car from them.

Work out your deal for the price of the car, the price of all accessories and the tax, title, dealer prep and license fees for the car. In others words, the total out the door price. Do not let them distract you by talking about how you are going to pay for this vehicle before you work out your bottom line deal. Once you have the deal completely worked out and in writing, then you can tell them you are going to get their money from your bank and you will be back in a couple of hours for your car.

Forget about taking out a loan if you can pay cash for it.

No sense in paying interest.

I would pay for the vehicle with a cashier's check.

Buy the car, take a copy of the purchase order and tell your bank you want a cashiers check for X amount and made out to the dealership.

They might charge a couple of bucks for the transaction, but it's the most convenient way for all parties.

NEVER USE A CARD. If you weant to buy a car have your bank write teh seller a certified bank check that can be verified by the seller before it is deposited.

Don't carry large sums of cash, don't ever use any form of plastic (debit or credit) and don't write a personal check.

Have the seller meet you at the bank if they act like they don't want to take the bank check. That way they can verify it immediately.

First of all you should never buy a new car. New cars will always be overpriced and as soon as you drive it off the lot, the value drops instantly. The most rational thing to do is to buy a used car, not too old, not too used (ex: anywhere from 1,000kms-60,000kms is decent). That way you save so much money, have extra money for minor tune up (if needed) and no monthly payments.