Why withdraw hundreds of dollars to pay for a gadget when you can buy it with a swipe of your credit card? With this day and age, more people are inclined to use cashless transactions for their big purchases. However, it seems that some people still use cold cash for their most expensive purchases. In a survey done by The Hustle, they asked their readers to share their most expensive all-cash purchases:
Nearly 500 people responded, reporting everything from a $250 pair of red leather platform goth boots to a $1,400,000 cash deal on a new house.
Overall, the median all-time high our readers spent on any one thing in cash was $5,800. Car and motorcycle purchases handily topped the list, followed by engagement rings, home repairs, and down payments. Many readers say they secured a better deal by paying in cash — oftentimes under the table.
But there was no shortage of off-the-wall, all-cash transitions, many of which had highly entertaining backstories.
Check out their full breakdown of stories per category here.
image via wikimedia commons
Newest 3 Comments
The most expensive item a resident of the USA purchases is their home. The second is their car. The third is their bedroom set. In the seventies, stereos were vying with cars. In 2020, the most expensive items that are not purchased: Rent, Insurance , and Taxes.
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Cars. I think the most expensive one I ever paid for in cash was $2,000. Private sellers don't want to trust a stranger's check.
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One fall semester at college I paid my bill with 7 one hundred dollar bills just for the heck of it. I worked hard all summer in a factory and earned a lot. Was fun counting them out one by one at the cashier's.
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