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Cash for cars is a term used to describe a situation in which a car is purchased for cash instead of leasing or financed. This happens when the buyer is in urgent need of the vehicle and is unable to wait for paperwork to be completed and for the car to be delivered. In the majority of cases the seller will receive cash in hand rather than waiting for a wire or check transfer to be returned to them. There are a few disadvantages with car-for-cash transactions, such as the fact that the seller may not receive the full value of their car if it's in good condition and buyers may not receive full disclosure about any damages or problems with the vehicle. Car for cash transactions are an excellent option for those who have an item to sell but don't want to take on any risk in terms of financial risk.

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