How Can I Pay For A Car In Cash

When it comes to purchasing a car, considering your budget is paramount. In this section, we will explore the importance of buying a car within your budget and the potential financial implications of going beyond what you can afford. We will also touch upon the considerations of credit application and managing larger expenses. So, let’s dive into the world of car payments and financial planning to ensure a smooth car buying experience.

Importance of buying a car within your budget

Buying a car within your budget is of utmost importance when considering a major purchase. By staying within your financial limits, you can avoid unnecessary strain on your finances and ensure long-term stability. This means carefully evaluating your income, expenses, and financial goals to determine how much you can realistically afford to spend on a car. Planning ahead and setting a budget will help you make informed decisions when it comes to choosing the right make and model, saving for the purchase, and selecting the best payment method.

It is crucial to consider credit application and larger expenses when buying a car. Overspending on a vehicle can lead to financial hardships such as high monthly payments or excessive interest charges if financing is necessary. By staying within your budget, you can avoid these pitfalls and save money in the long run. Additionally, buying a car within your budget allows you to maintain control over your finances and allocate funds towards other important aspects of your life.

Moreover, there are several benefits associated with paying cash for a car instead of taking out a loan. By paying cash, you can avoid paying interest and reduce the true cost of ownership. This means that you will only have to pay the purchase price of the vehicle without any additional fees or charges that come with financing. Furthermore, paying cash allows you to build savings and improve your overall financial security. Instead of making monthly payments towards a car loan, you can allocate those funds towards an emergency fund or future investments.

Furthermore, determining your budget requires evaluating your current financial situation and goals. This involves assessing your income, expenses, and any outstanding debts or obligations that may impact your ability to afford a car. Once you have determined how much you can comfortably spend on a vehicle, it is important to consider the right make and model that fits within your budget parameters. Researching different car options and their associated costs will help ensure that you make an informed decision.

A pro tip for buying a car within your budget is to negotiate the purchase price. Often, there is room for negotiation when it comes to buying a car, and this can help save money and bring the cost within your budgetary constraints. Taking the time to research the market value of the car you are interested in and using that information as leverage during negotiations can lead to significant savings.

Credit applications can be like eating a whole cake – it seems great at the time, but then you’re left with a bellyache of interest payments.

Considering credit application and larger expenses

• Assessing creditworthiness: Before applying for a loan or financing option, it is crucial to review your credit history and score. Lenders use these factors to determine your eligibility for credit and the interest rates you may be offered.
• Weighing affordability: Buying a car involves not only the cost of the vehicle itself but also ongoing expenses such as insurance, maintenance, and fuel. It is essential to consider these additional costs in relation to your budget and overall financial circumstances.
• Impact on debt-to-income ratio: Taking on new credit in the form of a car loan can affect your debt-to-income ratio, which is an important factor lenders consider when evaluating loan applications. It is advisable to keep this ratio within manageable limits to maintain financial stability.
• Managing larger expenses: In addition to monthly loan payments, purchasing a car often entails other larger expenses such as taxes, registration fees, and potential repair costs. These should be factored into your overall budget to ensure you can comfortably handle them.
• Weighing alternatives: If the cost of buying a car outright or financing one is beyond your means at present, it may be worth considering alternative transportation options or delaying the purchase until you are better positioned financially.

Considering credit application and larger expenses requires careful evaluation of affordability based on overall financial circumstances. Assessing creditworthiness through reviewing one’s credit history helps determine eligibility for loans with associated interest rates. The implications of taking on new credit impact one’s debt-to-income ratio significantly. Additional larger expenses like taxes and repairs shouldn’t outstretch budget limitations. Evaluating alternatives if necessary could help make more informed decisions regarding transportation options or delaying the purchase until better financial stability.

Waving goodbye to interest payments and hello to financial freedom, paying cash for a car is like swiping left on debt.

Benefits of Paying Cash for a Car

Paying cash for a car offers a range of benefits that include avoiding interest and understanding the true cost of ownership, as well as building savings and financial security. By delving into these sub-sections, we will uncover the financial advantages of bypassing loans and financing options, while also exploring how this approach can contribute to long-term financial stability.

Avoiding paying interest and the true cost of ownership

Paying cash for a car allows you to avoid paying interest and fully understand the true cost of ownership. By eliminating the need for a loan or financing, you can save money on interest payments over time. Additionally, when purchasing a car outright, you have a clear understanding of the total cost, including taxes, fees, and any potential maintenance expenses that may arise. This knowledge helps you make informed decisions about your budget and financial goals.

• With cash payments, you can avoid the burden of paying interest on loans or financing.
• By fully paying for the car upfront, you have a transparent view of the true cost of ownership.
• Avoiding interest allows you to save money in the long run by not accumulating debt.
• Paying cash gives you more negotiating power when it comes to price negotiations.

In addition to avoiding paying interest and understanding the true cost of ownership, paying cash for a car provides unique benefits. It allows you to build up your savings and establish financial security. By not having monthly loan or lease payments, you free up income that can be saved or invested. Having a strong savings foundation can provide peace of mind and help you achieve other financial goals such as buying a home or funding education expenses.

Finally, paying cash for a car eliminates long-term financial impacts associated with loans and financing options. By not taking on debt for your vehicle purchase, you prevent potential financial strain caused by monthly payments and interest accumulation. This approach ensures that your car purchase does not negatively impact your overall financial situation.

Building savings and financial security

When it comes to building savings and financial security, paying cash for a car can be a wise choice. By avoiding the need to take on a loan, you can eliminate the burden of interest payments and reduce the overall cost of ownership. This allows you to put more money towards your savings and invest in your financial future.

Additionally, paying cash for a car helps to establish financial security by avoiding debt. With no monthly payments to worry about, you have greater flexibility in your budget and can allocate your funds towards other important expenses or savings goals. This approach enables you to have more control over your finances and reduces the risk of falling into financial hardship.

To build savings and financial security when purchasing a car, it is essential to evaluate your financial situation and goals. Consider factors such as your income, expenses, and desired level of savings. This will help determine how much you can comfortably afford to spend on a car while still maintaining a healthy financial foundation.

Furthermore, researching the right make and model of car is crucial. Look for vehicles that have good reliability ratings and lower maintenance costs to ensure long-term affordability. It’s also important to consider factors such as fuel efficiency, insurance rates, and potential resale value. By choosing the right car within your budget, you can minimize future expenses and maximize your ability to save.

In addition to these considerations, there are strategies you can implement to save money for the purchase of a car in cash. Creating a budget and cutting unnecessary expenses can free up additional funds that can be set aside for the vehicle purchase. Additionally, exploring affordable options such as buying used cars or searching for deals can help you save money without sacrificing quality.

By following these suggestions and adopting a disciplined approach towards saving and budgeting, you can build savings while maintaining financial security when purchasing a car in cash. This not only provides peace of mind but also sets you up for long-term financial success by avoiding unnecessary debt burdens.

Budgeting for a car is like playing a financial game of Tetris – fit your expenses together just right.

Determining Your Budget

When it comes to paying for a car in cash, the first step is determining your budget. This involves evaluating your financial situation and goals, as well as considering the right car make and model. By carefully assessing your financial resources and preferences, you can make an informed decision about the budget that works best for you.

Evaluating your financial situation and goals

When evaluating your financial situation and goals, it’s important to consider factors such as your monthly income, existing debts, savings, and future financial goals. This evaluation will help you determine how much you can comfortably allocate towards car payments without compromising your overall financial stability. It’s also essential to take into account any additional costs associated with car ownership, such as insurance, maintenance, and fuel expenses.

In addition to evaluating your immediate financial situation, it’s crucial to align your car purchase with your long-term goals. Consider whether owning a car fits within your larger financial plans and if it supports goals such as saving for retirement or paying off other debts. Setting clear objectives will help guide your decision-making process and ensure that purchasing a car aligns with your overall financial trajectory.

By thoroughly evaluating both your current circumstances and long-term goals, you can make an informed decision about purchasing a car that is financially sustainable and aligns with what you can afford.

According to the reference data provided by the article ‘1. Introduction’, evaluating one’s financial situation when considering buying a car is essential (Reference Data: ‘1. Introduction – 1.2 Considering credit application and larger expenses’).

Choosing the perfect car is like finding the love of your life, except a car won’t break your heart… just your bank account.

Considering the right car make and model

• Evaluating the car make and model based on factors such as reliability, fuel efficiency, safety features, and overall performance ensures that the buyer makes an informed decision.
• Considering the right car make and model also involves taking into account personal preferences such as style, size, and features to ensure maximum satisfaction with the chosen vehicle.
• Additionally, it is crucial to assess the long-term value of the car by considering factors like depreciation rates, potential resale value, and availability of spare parts.

By carefully considering these aspects, buyers can ensure that they select the right car make and model that aligns with their requirements and provides them with a reliable means of transportation for years to come.

Deciding Between New and Used Vehicles

When it comes to deciding between new and used vehicles, there are important factors to consider. Weighing the advantages and disadvantages of each option is crucial to making an informed decision. Additionally, understanding the value and reliability of both new and used cars can greatly impact your choice. Let’s take a closer look at these aspects to help you navigate the decision-making process.

Weighing the advantages and disadvantages

In order to make an informed decision about buying a car, it is important to weigh the advantages and disadvantages.

• One advantage of buying a new car is that you will have access to the latest technology and features, ensuring a more enjoyable driving experience.
• On the other hand, one disadvantage is that new cars tend to depreciate quickly, leading to a loss in value over time.
• Buying a used car, on the other hand, can be more cost-effective as they are typically priced lower than new cars.
• However, used cars may come with higher maintenance and repair costs.
• An advantage of buying a used car is that you have the opportunity to research its reliability and determine if it will be a long-lasting investment.

Considering these advantages and disadvantages can help you make an informed decision when it comes to buying a car. However, it is important to note that everyone’s situation may be different.

Choosing between a new and used vehicle is like picking between a shiny new toy or a vintage treasure – both have their charm and quirks!

Understanding the value and reliability

The Importance of Understanding the Value and Reliability of a Vehicle

When it comes to purchasing a car, the value and reliability are crucial factors to consider.

Understanding the value of a vehicle involves assessing its worth and monetary significance. This assessment takes into account various factors, including the car’s age, mileage, condition, and any additional features or modifications that may impact its market value.

On the other hand, reliability refers to the trustworthiness and dependability of the vehicle. It entails evaluating the car’s performance, durability, and potential for mechanical issues.

When determining the value of a car, it is essential to research and compare prices in the market. This ensures that you are paying a fair amount for the vehicle. It is also important to consider factors such as depreciation rates to gauge whether a particular make or model retains its value well over time. Additionally, it is crucial to factor in any potential maintenance or repair costs that may arise in the future.

Reliability plays a significant role in your car investment. It ensures years of safe and trouble-free transportation. In assessing reliability, it is essential to research the track record and reputation of different car manufacturers. Look for vehicles known for their durability and low incidence of mechanical problems. Expert reviews and consumer ratings can provide valuable insights into the reliability history of various car makes and models.

Understanding the value and reliability of a vehicle is critical because it enables you to make an informed decision based on financial considerations and long-term usage requirements. By thoroughly evaluating these aspects before making a purchase, you can select a car that fits your budget and provides reliable service for many years to come.

In the past, many individuals have faced challenges with purchasing vehicles that promised high value but turned out to be unreliable in terms of performance or costly in terms of maintenance. This demonstrates the importance of understanding both value and reliability when buying a car. By learning from past experiences and utilizing available resources such as expert advice and customer reviews, consumers can avoid making similar mistakes and make more informed decisions about their automotive purchases.

As the saying goes, saving money for a car is like the adult version of hiding your allowance under the mattress. So, take the time to understand the value and reliability of a vehicle before making your purchase. It will be worth it in the long run.

Saving Money for the Purchase

Saving money for the purchase of a car in cash is a smart financial goal to strive for. In this section, we will explore effective strategies for saving and budgeting, as well as provide valuable tips on finding affordable car options. By implementing these techniques, you can fast-track your car savings and make that cash purchase a reality sooner than you may think. Stick around to discover how you can achieve your car ownership dreams without taking on unnecessary debt.

Strategies for saving and budgeting

• 1. Evaluating expenses: Before embarking on the car buying journey, it is crucial to assess one’s current expenses and determine how much they can realistically save each month towards the purchase. This involves analyzing income sources, fixed costs such as rent or mortgage payments, utilities, and discretionary spending. By understanding these factors, individuals can create a realistic budget and identify areas where they can cut back to allocate more funds towards buying a car.
• 2. Setting savings goals: Once an individual has evaluated their expenses, it is important to set clear savings goals in terms of both timeframe and amount. This involves determining the desired timeline for purchasing the car and calculating how much needs to be saved each month to reach that goal. Breaking down the overall cost into manageable monthly savings targets provides individuals with a tangible plan to follow and helps them stay motivated throughout the saving process.
• 3. Automating savings: To ensure consistent progress towards their savings goal, individuals can automate their savings by setting up automatic transfers from their checking account to a separate savings account dedicated solely to purchasing a car. By automating these transfers, individuals remove the temptation to spend their savings elsewhere while also establishing a disciplined saving habit.

Taking these strategies into account allows individuals to approach car financing with greater confidence and financial security. Analyzing expenses, setting savings goals, and automating savings help streamline the process of saving for a car while maintaining long-term financial stability.

By implementing effective strategies for saving and budgeting, individuals seeking to purchase a car in cash can approach the process with confidence and maximize their financial resources. These strategies involve evaluating expenses, setting savings goals, and automating savings to ensure consistent progress towards their purchase. By taking these steps, individuals can navigate the car buying process with clarity and financial security, enabling them to make a wise investment in a vehicle that meets their needs while maintaining their overall financial well-being.

Finding affordable options is like uncovering buried treasure – it may take time and effort, but the treasure (a great deal on a car) is worth it.

Tips on finding affordable options

Finding affordable options when purchasing a car can be a daunting task, but it is essential to ensure that you stay within your budget and make a wise financial decision. By considering various strategies and tips, you can find affordable options that meet your needs without breaking the bank.

• Research different car makes and models: By exploring a range of vehicles, you can identify options that offer good value for money and fit within your budget.
• Consider buying used cars: Used cars often come at a lower price than new ones, allowing you to save money while still getting a reliable vehicle.
• Look for discounts or promotions: Keep an eye out for special offers or incentives from car dealerships or manufacturers that can help lower the cost of the car.
• Compare prices from different sellers: Get quotes from multiple sellers to determine which one offers the best price for the same car model.
• Negotiate with the seller: Don’t be afraid to negotiate the price of the car to try and get a better deal.
• Consider alternative financing options: If paying in cash is not an option, explore other financing options such as low-interest loans or lease agreements that suit your financial situation better.

In addition to these tips, it is important to consider factors like insurance costs, maintenance expenses, and fuel efficiency when determining affordability. By taking these aspects into account, you can make an informed decision and find a car that not only fits your budget initially but also remains affordable in the long run.

It is crucial to remember that finding affordable options does not mean compromising on quality or reliability. Take your time during the research process and ensure that you thoroughly inspect any used cars before making a purchase. This will help you avoid any unexpected expenses down the line and ensure that your decision aligns with your financial goals.

Exploring different payment methods for your car purchase is like choosing between a yoga class or wrestling with a bear – both have their risks, but at least the yoga won’t leave you in financial agony.

Payment Methods

When it comes to paying for a car in cash, understanding the different payment methods is crucial. In this section, we’ll explore two key sub-sections that will shed light on the options available to you. From exploring loan possibilities to considering the long-term financial impact, we’ll pave the way for making an informed decision. So buckle up as we navigate the world of payment methods and help you find the best path to secure your dream car.

Exploring options of a loan

To explore options of a loan, you can consider various financing methods to purchase a car. These methods allow you to spread the cost of the vehicle over a period of time, making it more affordable and manageable. By taking advantage of loans, you can finance a car without having to pay for it all upfront in cash.

• Dealer Financing: Car dealerships often provide financing options through partnerships with financial institutions. This allows you to obtain a loan directly from the dealership, making the process convenient and streamlined.
• Bank Loans: Traditional banks and credit unions offer auto loans with competitive interest rates. You can approach these institutions directly or apply online for pre-approval before shopping for a car.
• Online Lenders: Online platforms have emerged as popular alternatives for obtaining auto loans. These lenders offer convenience and flexibility, allowing you to compare rates and terms from multiple sources without leaving your home.
• Leasing: While not technically a loan, leasing is another option worth considering. It allows you to use the car for a fixed term while making monthly payments. At the end of the lease agreement, you have the option to purchase the vehicle or return it.

When exploring loan options, it’s important to consider factors such as interest rates, repayment terms, and fees associated with borrowing money. Each method has its advantages and disadvantages depending on your financial situation and goals. It’s crucial to carefully evaluate your budget and determine which option aligns best with your needs.

It is also worth noting that taking out a loan will have long-term financial implications. Before committing to any loan agreement, be sure to assess your ability to handle monthly payments while still meeting other financial obligations. This will help ensure that you are comfortable with the added debt and avoid any potential negative effects on your overall financial well-being. Before you jump into a long-term commitment, consider the impact on your future bank account.

Considering long-term financial impact

Paying cash for a car is a beneficial choice to consider when thinking about the long-term financial impact. By avoiding the need for a loan, you can eliminate the burden of interest payments and reduce the overall cost of owning a vehicle. This approach allows you to have more control over your finances and avoid getting into excessive debt.

When considering the long-term financial impact of paying cash for a car, it is important to recognize that by not relying on credit or loans, you are minimizing your financial obligations and ensuring greater financial security. Additionally, paying cash allows you to build up savings and have more flexibility with your money. This can be particularly advantageous in times of unexpected expenses or emergencies.

While there may be some initial challenges in saving enough money to purchase a car outright, it is important to consider the value and reliability of both new and used vehicles. By carefully evaluating your budget and researching different options, you can find affordable cars that meet your needs without compromising on quality. This thoughtful approach will have a positive long-term impact on your finances.

Finalizing the Purchase: Tying up loose ends and making it rain with cash as you drive off into the sunset.

Finalizing the Purchase

When finalizing the purchase of a car, it is essential to ensure legal and financial compliance while taking necessary precautions. By understanding the intricacies of this process, we can make informed decisions and avoid potential pitfalls. The sub-sections in this section will delve into the necessary steps to secure the legality of the purchase and the precautions that should be taken to safeguard our interests—all backed by reliable sources and relevant data.

Ensuring legal and financial compliance

When buying a car with cash, it is important to ensure that the transaction is recorded properly and all necessary documentation is completed. This includes obtaining a bill of sale, title transfer, and ensuring that the vehicle’s history and condition are accurately represented. By ensuring legal and financial compliance and following these legal procedures, you can protect yourself from potential disputes or complications in the future.

In addition to legal compliance, it is essential to consider your financial situation and make sure that paying for a car in cash aligns with your overall financial goals. It may be worth consulting with a financial advisor or accountant to ensure that this decision does not negatively impact your long-term financial stability.

By ensuring legal and financial compliance and following the necessary legal procedures, you can ensure both legal and financial compliance when purchasing a car in cash. It is important to take these steps seriously to protect yourself from any potential risks or consequences. Be prepared for anything, like bringing your own seatbelt and airbag to the test drive.

Taking necessary precautions

1. Research the seller: Before making any payment or signing any documents, thoroughly research the seller. Check their reputation, read reviews, and verify their credentials to ensure they are trustworthy and reliable.

2. Inspect the car: Take the time to thoroughly inspect the car before finalizing the purchase. Look for any signs of damage or mechanical issues that may not have been disclosed. Consider getting a professional inspection done for added peace of mind.

3. Review all documentation: Carefully review all documentation related to the car’s ownership, registration, and maintenance history. Ensure there are no outstanding liens or legal issues that could affect your ownership of the vehicle.

4. Get a written agreement: Have a written agreement in place that outlines all terms and conditions of the purchase, including price, payment method, and any additional obligations or warranties. This will serve as protection in case of any disputes or misunderstandings.

5. Consider a test drive: Before making your final decision, take the car for a test drive to assess its performance and comfort level. Pay attention to any unusual noises or handling issues that may indicate underlying problems.

6. Consult with an expert: If you’re unsure about any aspect of the purchase process or need guidance on specific considerations, seek advice from an expert such as a trusted mechanic or financial advisor who can provide valuable insights.

In addition to these precautions, it is important to trust your instincts and use common sense when dealing with large transactions like purchasing a car with cash. Taking these necessary steps will help ensure a seamless buying experience while minimizing potential risks.

A true fact: According to Carfax’s 2020 study on used cars, around 20% of vehicles listed for sale in the United States have at least one accident reported.

Keywords: taking necessary precautions

Expert Q&A

In order to pay for a car in cash, there are a few important considerations to keep in mind:

1. First, it is crucial to have the necessary funds readily available. This means having enough money saved up or perhaps selling assets to generate the required amount.
2. Second, it is essential to properly budget and calculate the total cost of the car, including taxes, fees, and any additional expenses that may arise.
3. Third, it is advisable to go through the car buying process with a trusted financial advisor or consultant who can provide expert guidance on the best way to handle the transaction.
4. Fourth, it is important to be aware of any restrictions or limitations imposed by the seller or the dealership when it comes to paying in cash.
5. Finally, it is crucial to ensure that the payment is made in a secure manner, such as through a certified check or bank transfer, to protect against any potential fraud or theft.

If you have any further questions, feel free to ask our experts in the Q&A section.

Practical Tips and Warnings

When it comes to paying for a car in cash, there are several practical tips and warnings to keep in mind. Here is a 5-step guide to help navigate this process:

1. Save up: Start by setting aside a portion of your income specifically for the purpose of purchasing a car in cash. This will require discipline and a commitment to saving over time.
2. Research car prices: Before making a purchase, take the time to research the current market prices for the specific make and model you are interested in. This will help you determine a realistic budget and ensure you are getting a fair deal.
3. Beware of scams: When dealing with private sellers, it is important to be cautious and ensure the legitimacy of the transaction. Avoid wire transfers or sending money before seeing the car in person. Get a vehicle history report and consider having a mechanic inspect the vehicle before finalizing the purchase.
4. Handle large sums of money safely: Carrying a large amount of cash can be risky, so consider alternative payment methods such as a cashier’s check or a bank transfer. If cash is the only option, take precautions to protect yourself, such as meeting in a public place and bringing someone with you.
5. Complete paperwork and transfer ownership: After paying for the car, make sure to complete all necessary paperwork, including transferring the title and registering the vehicle in your name. This will ensure that you are the legal owner and protect you from any potential issues in the future.

It is important to note that paying for a car in cash may require significant financial planning and discipline. However, this approach can help you avoid debt and potentially save money in the long run. By following these practical tips and warnings, you can successfully navigate the process of purchasing a car in cash.

Conclusion

Purchasing a car in cash can offer various advantages and financial flexibility. By eliminating the need for monthly payments and interest fees, paying for a car upfront can save individuals a significant amount of money in the long run. Additionally, buying a car with cash allows buyers to negotiate better deals and have a stronger bargaining position. This payment method also helps individuals avoid taking on excessive debt and potential credit risks associated with financing a vehicle.

When paying for a car in cash, it is essential to consider the financial implications and ensure that the funds are readily available. Saving money for a car purchase in advance can be a wise approach, as it allows individuals to have a clear understanding of their budget and avoid the need for loans or financing. Moreover, it is crucial to research the market and compare prices to ensure that the car’s value matches the amount being paid.

Another aspect to consider when paying for a car in cash is the potential impact on credit history. While it may seem advantageous to avoid loans or financing, this payment method may not contribute to building a positive credit history. However, it is important to keep in mind that there are other ways to establish credit, such as timely bill payments and responsible credit card usage.

FAQs about How Can I Pay For A Car In Cash

How can I pay for a car in cash?

There are several methods to pay for a car in cash. You can withdraw cash from your bank, get a cashier’s check, or do a wire transfer. Each method has its own considerations and potential fees.

What are the pros and cons of buying a car with cash upfront?

Buying a car with cash upfront has its advantages and disadvantages. Pros include no debt, possible incentives, freedom to sell, and no interest payments. Cons include not building credit, requiring cash reserves, and narrowing down choices.

Should I buy a new or used car when paying in cash?

Deciding whether to buy a new or used car when paying in cash depends on several factors. Consider the depreciation and maintenance costs of new and used vehicles, as well as your personal preferences and budget.

What should I consider before buying a car with cash?

Before buying a car with cash, it is important to research the market, save as much as possible, understand trim levels, decide between new and used, and consider the true cost of ownership. These factors will help you make an informed decision.

Can paying for a car in cash help me avoid interest payments?

Yes, paying for a car in cash upfront can help you avoid interest payments associated with loans. By eliminating the need for financing, you can save a significant amount of money in interest charges.

Is it recommended to use a check instead of cash when buying a car?

Yes, it is generally recommended to use a check instead of cash when buying a car. Using a check provides a more secure transaction and leaves a clear paper trail. It is important to be cautious when carrying large amounts of cash.