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Thread: Business Purchase

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    Business Purchase

    I intend purchasing a machine which is R120k. I would like to request a discount seeing that im paying cash but what i would like to know would 3 post dated cheques be termed as cash?

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    Depends on the view of the supplier.
    As a supplier I wouldn't like that deal at all. Very risky with the chance of cheques bouncing.

    To me cash is full, confirmed payment prior to the realease of goods, usually by EFT or physical cash itself.

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    New Member Venturepreneur's Avatar
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    Quote Originally Posted by BusFact View Post
    Depends on the view of the supplier.
    As a supplier I wouldn't like that deal at all. Very risky with the chance of cheques bouncing.

    To me cash is full, confirmed payment prior to the realease of goods, usually by EFT or physical cash itself.
    I fully agree

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    Quote Originally Posted by Abdi View Post
    would 3 post dated cheques be termed as cash?
    Not in my book either.

    I consider "cash" as irrevocable* settlement in full on the day of provision.

    *hard currency, EFT or bank issued cheque - EFT being first prize.
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member AndyD's Avatar
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    I agree cash or EFT with full confirmation. Post dated cheques and even correctly dated checques would not equal COD for us.
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    Nope not for me either. To me CASH is money in the bank NOW. Therefore why would I give u a discount for cash if I have to wait 3 months for it.

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    Diamond Member wynn's Avatar
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    I would say, here is the machine but it will only be delivered after the third cheque is met, take it or leave it.
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