Do large national car dealerships in the United States require the
down payment to be in paper bills, or is a credit, or debit card,
acceptable for the down-payment?
Over the last 20 years when myself or a member of my family have purchased a car it has been a used car from a dealership.
when we were ultimately getting a loan from our credit union, the down-payment has been paid using:
- Personal check (up to several thousand $'s)
- Credit card ($1,000)
The final check from the credit union was a cashiers check which was a mix of personal funds and the loan amount. The check was due in 3 business days.
In the cases where there was no loan involved they either accepted personal check for the down-payment, and then required a cashiers check for the balance; or they accepted a personal check for the entire amount.
I have never run into a national car dealership that required or even wanted a large amount of cash. This is especially true if the down-payment would approach $10,000 which would require them to submit additional paperwork.
I think that they might accept a debit card because they are equipped to accept the debit card when people have to pay for car repairs. They should also accept a credit card for the down-payment. You will have to ask if they have a limit when accepting debit/credit. Ask before going to the dealership.