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Car for cash is a term that is used to describe a situation where a vehicle is sold for cash instead of being leased or financing. The buyer is in need of the car and doesn't have the time to wait for paperwork to be signed and for the car to be delivered. The seller is usually able to receive cash on the spot instead of waiting for a wire transfer or the check to be returned to them. Cash for car transactions come with certain disadvantages. The seller might not receive the entire value of the car , if the car is in good shape. Additionally, the buyer may not be able to reveal any problems or damages. Car for cash transactions are a good alternative if you own a car to sell and aren't willing to accept any risk in terms of financial risk.