There's no better way than cash for large transactions between private persons. All the apps have limits of a few thousand and bank transfers take a business day (in Switzerland). No one wants to transfer 5 figures to a random person and wait a day before taking possession of the car. Sellers don't want to give the car before the money is in their account.
So cash it is.
Used cars go for way more than 10k. I bought my current car for 35k used. If you go to used car dealer, the average price is nowhere near 10k.
> There's no better way than cash for large transactions between private persons
For small amounts? maybe.
Assuming you like bringing money with you and your time is free and you like to pay two times: the first time when you pay in cash, the second time when you have to waste time to get the money from an ATM.
There are much better ways to solve these issues and I use cash only with people I already know, other than to pay drinks and cigarettes.
For large amounts?
Absolutely not.
Unless the transaction is between two people with something to hide, of course.
Ironically, this is why Europe wanted to put a limit on cash transactions [1]
There's absolutely no obligation to pay in one transaction.
Even with raising interest rates, it's still more convenient to lend the money from the bank and pay monthly, instead of giving away 10k that could be invested in something much more profitable than a used car.
You can easily repay the loan in 5 years with < 200 euro/month even at rates around 5-6%.
> I bought my current car for 35k used.
That's a very expensive car and this [2] is 35k euros cash.
Not exactly "the best way" to pay. Honestly someone who pays a car with 35k cash, can only look like this in my mind [3]
This how I actually do it [4], paying monthly rates, very cheap interests, thanks, but no thanks.
So cash it is.
Used cars go for way more than 10k. I bought my current car for 35k used. If you go to used car dealer, the average price is nowhere near 10k.