The Feeling of Paying Cash for Your New Car: Priceless

Unlike most Americans, many Chinese still like to pay for things in cash.

Whether it be some fear of banks or a simple desire to avoid being in any sort of debt, many Chinese, like the guy in this article, are even willing to purchase a vehicle with cash instead of getting a loan.

cash01 The Feeling of Paying Cash for Your New Car: Priceless picture

cash04 The Feeling of Paying Cash for Your New Car: Priceless picture

cash05 The Feeling of Paying Cash for Your New Car: Priceless picture

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23 Comments »

Comment by darkwing duck
2008-06-28 15:58:02

lol

Scrooge McDuck

Where did he hide all that money?

 
Comment by Ed
2008-06-28 17:27:50

Those are 1 RMB notes…. Thats why it looks like so much.
Ha! Must have pissed off the dealership having to count it all!

 
Comment by GZ Expat
2008-06-28 17:33:31

And, he paid with all RMB1.00 notes!?!?!

 
Comment by mizz_t33
2008-06-28 17:59:10

lols!!

 
Comment by shooter
2008-06-29 04:36:16

stick em up

 
Comment by starboykb
2008-06-29 09:21:59

he should have change the notes. Probably he think nobody will suspect he carried the box fill with money.

 
Comment by Gabiechan
2008-06-29 14:14:24

damn…..

 
Comment by ah sha
2008-06-29 20:55:34

haha, we did that too, but it was $40,000 worth of AU$100 or $50 =-=’ wrapped in newspaper, ,,,

 
Comment by Sultan_Azteca
2008-06-29 22:11:57

There is one reason why China has a trade surplus and the US and Europe have hefty deficits… by staying away from debt. Pay all you current wants and needs with nothing but your current means… I guess Confucius must have said that.

 
Comment by Jim
2008-06-30 01:52:58

He works as a toilet attendent and saved up over ten years worth of tips for his deam car. Thats why they are one RMB notes.

 
Comment by Misósofos
2008-06-30 15:08:54

The size of the cash is almost like that of the car LOL

 
Comment by me
2008-06-30 16:49:26

I have 20$, how many of these cars could I buy?

Comment by darkwing duck
2008-06-30 19:32:21

The same amount you can buy in the usa

 
Comment by O'Neil
2008-09-05 22:35:23

Those cars are not legal for sale in the US as they wouldn’t pass any emissions or safety regulations but I think the prices translates to Around $4,000 vs the $20,000 the 40,000 USD US cars cost.
So if cars that cheap were for sale in the US then people would pay cash for them or just buy it on the credit card.
But still that takes commitment to save that much that way since the average yearly wage in China is only around $700.
Still people in the west could learn something from them in that maybe they should put money away in a bank and save for something vs getting a loan.
Debt is not a good thing since it forces you to always make monthly payments and you end up working for that debt vs yourself.

 
 
Comment by hcg
2008-07-01 12:01:20

That they don’t have anything to do with banks doesn’t mean that they don’t have loans with other people or mafias.

 
Comment by cromagnum
2008-07-14 06:55:19

They don’t have bank drafts in the PRC?

 
Comment by Gaz
2008-07-26 05:58:43

Seen this at a dealership in wuhan, the guy just kept on passing bundles of 100RMB notes through the window to pay for the car like he was buying a shirt.

 
Comment by sdf
2008-07-30 23:45:26

4-10k worth of ones..hourly pay well earned.

 
Comment by Bert
2008-08-08 17:30:35

Now that is what I call a stripper wad…

 
Comment by Maria
2008-08-12 12:04:44

I admire his ability to save up for his dream car. Life has so many ways of taking away a savings. Good for him!

 
Comment by aznjimmeh
2008-08-24 02:19:23

those are definitely NOT all 1rmb notes, the green ones are 5’s and the red ones are 100’s they barely make 1rmb notes, most 1 rmb’s are coins

 
Comment by joseph
2008-08-31 23:30:11

If i remember correctly $1 RMB is purple note,

 
Comment by Thakker
2008-09-15 02:51:22

Inflation will eat him alive if he continues to put cash in his walls. He shouldve time deposited his cash or something.. the purchasing power of that amount will not be the same when years pass

 
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