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Thread: The World we live in
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04-13-2023 09:14 PM #1
CHR Member
- Join Date
- May 2005
- Location
- Tataraimaka NZ
- Car Year, Make, Model: `47 Ford sedan, A.C.Cobra replica.
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I too use cash as much as possible, as you can get some quite serious discounts for cash.
If you use plastic the vendor then has the transaction on paper which is then visible to Inland Revenue, (the Tax Department,) who take 12.5% from them with the gst (Goods and Services Tax,) and the banks too take their cut.
But if it's cash the vendor is straight away better off by around 17%. So he can then drop his price by 10% and still make a better profit than if he'd accepted a plastic transaction.
And everybody wins.Last edited by johnboy; 04-13-2023 at 09:18 PM.
johnboy
Mountain man. (Retired.)
Some mistakes are too much fun to be made only once.
I don't know everything about anything, and I don't know anything about lots of things.
'47 Ford sedan. 350 -- 350, Jaguar irs + ifs.
'49 Morris Minor. Datsun 1500cc, 5sp manual, Marina front axle, Nissan rear axle.
'51 Ford school bus. Chev 400 ci Vortec 5 sp manual + Gearvendors 2sp, 2000 Chev lwb dually chassis and axles.
'64 A.C. Cobra replica. Ford 429, C6 auto, Torana ifs, Jaguar irs.
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Turn out the lights, the party's over THIS PLACE IS DEAD!
Dead!