User Panel
User Panel
User Panel
|
Posted: 3/1/2006 2:49:51 PM EDT
[#1]
Probably.
|
|
|
|
Posted: 3/1/2006 2:49:59 PM EDT
[#2]
My father did that a few times, gave him a discount...
|
|
|
|
Posted: 3/1/2006 2:50:30 PM EDT
[#3]
They didn't on me. That I know of.
|
|
|
|
Posted: 3/1/2006 2:54:09 PM EDT
[#4]
Why would they? What may seem expensive for some, is pocket change for others.
If you are that worried about it, use a straw purchaser.  (for cars ONLY!)
|
|
|
|
Posted: 3/1/2006 2:54:42 PM EDT
[#5]
I doubt it. Happens all the time.
|
|
|
|
Posted: 3/1/2006 2:56:06 PM EDT
[#6]
No but they would have to report the cash transaction to the Feds.
(I believe any cash transaction over $10K has to be reported). |
|
|
|
Posted: 3/1/2006 2:57:15 PM EDT
[#7]
I have done this several times, I also plan to do it again shortly. I have never been hassled. |
|
|
|
|
Posted: 3/1/2006 2:59:39 PM EDT
[#8]
That would be correct. Also, don't expect any real discounts for paying in cash, they actually prefer financing as they get a kick back from the lender. |
|
|
|
|
Posted: 3/1/2006 3:00:37 PM EDT
[#9]
If you use money (green-backs) they inform the Feds. If you use a check, even a personal one, the Feds don't have to be informed.
|
|
|
|
Posted: 3/1/2006 3:00:53 PM EDT
[#10]
+1, coming from a former auto financier. |
||
|
|
|
Posted: 3/1/2006 3:01:22 PM EDT
[#11]
I paid cash for my Landcruiser.
All $4,000 for it. 
|
|
|
|
Posted: 3/1/2006 3:02:32 PM EDT
[#12]
I believe Feds have to be informed if you use certified check/MO too. |
|
|
|
|
Posted: 3/1/2006 3:05:08 PM EDT
[#13]
Are you sure about that? I understand this is requirement for bank transactions... does it apply to car dealers, too? How about other businesses? |
||
|
|
|
Posted: 3/1/2006 3:08:15 PM EDT
[#14]
On a seperate note, can you buy a car without having to fill out any paperwork? For instance could you just go in pay cash and leave?
|
|
|
|
Posted: 3/1/2006 3:09:31 PM EDT
[#15]
IF the cashiers check secures a lien on the title no reporting is required. 
|
||
|
|
|
Posted: 3/1/2006 3:11:05 PM EDT
[#16]
No
|
|
|
|
|
Posted: 3/1/2006 3:13:36 PM EDT
[#17]
All businesses are required to fill out an 8300 on any cash type transaction over $10k. Andit is illegal to advise the customer how to avoid it.
|
|||
|
|
|
Posted: 3/1/2006 3:13:49 PM EDT
[#18]
Just don't get pulled over on the way to buy it .
Anything over $5000 can be seized until you prove where it came from . Even then , depending on the state . You may still be SOL |
|
|
|
Posted: 3/1/2006 3:15:41 PM EDT
[#19]
It used to only be a requirement for banks and credit unions until the Patriot Act, now it's pretty much any business, though I doubt it's enforced as religiously as it is in the financial industry. |
|||
|
|
|
Posted: 3/1/2006 3:18:28 PM EDT
[#20]
it's the best way to buy a car!
-great haggling point (I can give you $XXXXX cash RIGHT NOW, or I can walk away and you can fianance for someone else) -sales people trip over eachother trying to service you -much faster transation |
|
|
|
Posted: 3/1/2006 3:20:00 PM EDT
[#21]
It is a hugr fine not to report it.
|
||||
|
|
|
Posted: 3/3/2006 12:45:38 AM EDT
[#22]
Isn't it illegal to have over 10 K on you in cash ? Or is that only when flying?
|
|
|
|
Posted: 3/3/2006 12:47:43 AM EDT
[#23]
Bill of Sale and Title would be all that would be needed, I would think. |
||
|
|
|
Posted: 3/3/2006 12:50:34 AM EDT
[#24]
You are a drug dealer/money launderer/gun runner/bank robber/etc with that kind of cash until you can verify your innocence in triplicate, white, pink, and yellow carbon copies. Make sure you don't have any spelling errors or put your County on the wrong spot like so many of us have done on a 4473, because if you do its PMITA prison for you. But all of this is ok, because its "For the children." 
|
|
|
|
|
Posted: 3/3/2006 12:51:56 AM EDT
[#25]
I pay cash for cars all the time, 200.00 here 500.00 there,no one ever calls the cops.
|
|
|
|
Posted: 3/3/2006 12:53:36 AM EDT
[#26]
I know if your entering the US and you have over $10K on you, you must report it on some farking form. I remember some Female Officer getting busted by Customs after the 1st Gulf War for not having reported the $10K+ she earned giving head and screwing. Had she only filled out the form, she would have walked out of Customs without a hitch and her Command wouldn't have known jackshit. |
|
|
|
|
Posted: 3/3/2006 1:06:08 AM EDT
[#27]
Why not find a low interest loan, and put the cashola in a mutual fund?
I have the money to pay off my car loan, but at 3.9%, why bother..  I was going to pay cash when I bought my first new car, then thougt the better of it... The rates have gone up though, so I don't know if this is still as feasible as it was a few years ago... |
|
|
|
Posted: 3/3/2006 1:11:56 AM EDT
[#28]
That's right. Give them a 5k deposit today, another in a few days and so on it its not requirded to be reported. Doesn't mean they may not fill a form reporting unusual cash transaction. |
|
|
|
|
Posted: 3/3/2006 4:15:01 AM EDT
[#29]
Nope. I only pay cash.
|
|
|
|
Posted: 3/3/2006 4:17:56 AM EDT
[#30]
Yep, I remember a documentary on 20/20 back in 1995 where some cops in Texas were dong that to people. One guy had $14,000, he was on his way to Mexico to buy a tractor. They seized the money, and Iit cost him something like $20,000 to get his money back in Federal court. Yet another casualty of The War On Drugs™ |
|
|
|
|
Posted: 3/3/2006 4:19:14 AM EDT
[#31]
Uh, you think 3.9% is good?
|
|
|
|
|
Posted: 3/3/2006 4:21:52 AM EDT
[#32]
Sheesh, it's actaully ILLEGAL to have a certain amount of cash on you? Which moron thought up of that law...
|
|
|
|
Posted: 3/3/2006 4:23:28 AM EDT
[#33]
You'll most likely as some have stated, get a discount. They really like to hear "CASH" - Just got a loaded RAV4 for about $200 over the "trade in" value. Only thing I didnt do was bring in the briefcase handcuffed to my wrist.
|
|
|
|
Posted: 3/3/2006 4:25:34 AM EDT
[#34]
Writing a check will take much longer than financing. In retrospect, I wish I had financed and then just written the check to the finance company. I have made this mistake three times now. I didn't plan very well, probably should have used secured funds instrument or something. |
|
|
|
|
Posted: 3/3/2006 4:29:25 AM EDT
[#35]
Bought my Daughters 2004 Sentra for cash. The dealer had no problem with that. He came down on his price and we drove it away a few hours later.
I suppose if you walked into a Mercedes dealer with 70-80k in cash that might raise a few eyebrows. |
|
|
|
Posted: 3/3/2006 5:01:27 AM EDT
[#36]
The same assholes who think cash is the devil, and want to be able to track your every transaction, in real time. It's for the children, peon, so line up to get your implant so we can track you too, like cattle. Yep, anyone with significant cash on them is automatically assumed to be a criminal, and the you might as well forget seeing the cash again. The arresting agency can keep it...organized theft is all it really is. |
|
|
|
|
Posted: 3/3/2006 5:59:06 AM EDT
[#37]
|
|||||
|
|
|
Posted: 3/3/2006 6:11:11 AM EDT
[#38]
The discount will depend partially on whether the vehicle is something they can sell fast under other circumstances. If its a vehicle that's been sitting on the lot for 3 months with little interest, they'll be more than happy just to get their investment out of it as quick as possible. But if its a vehicle that they think they can sell to someone 3 days later and will require financing, you might not get that much of the price knocked off.
|
|
|
|
Posted: 3/3/2006 8:12:57 AM EDT
[#39]
They must not call the cops. How else do these drug dealing 18 year old thugs get an Escalade?
 They sure aren't financing it. |
|
|
|
Posted: 3/3/2006 8:33:47 AM EDT
[#40]
Ever hear about the urban legends from Panama? It started with lots of new pickup trucks at Ft. Ord after Just Cause, and there were rumors of soldiers that stashed cash in Panamanian safety deposit boxes and shuttling money back in < $10 K increments. |
||
|
|
|
Posted: 3/3/2006 8:36:14 AM EDT
[#41]
They would notify the IRS and submit a currency transaction report.
|
|
|
|
Posted: 3/3/2006 8:38:48 AM EDT
[#42]
I've only bought used cars, cash always, one was in the $10k+ range. You have to either tell the bank in advance that you need the cash, or you should go at the end of the day. When I went right before they closed, I got a big bag of cash, bills all the way down to $5's.
|
|
|
|
Posted: 3/3/2006 8:43:09 AM EDT
[#43]
If your independantly wealthy, the thing to do is to go in dressed like a bum just to see who approaches you with a sales come on. Then pay cash for the nice red ZO6 vette on the showroom floor. Just to mind fuck with them.
|
|
|
|
|
Posted: 3/3/2006 8:43:45 AM EDT
[#44]
I got a discount for paying with cash. I ususally ask for a discount at places that are used to financing, such as appliance sellers, car dealers, audio/visual places, furniture joints, etc, and usually get 5-10% off sticker. Never hurts to ask, and check is the same as cash. |
||
|
|
|
Posted: 3/3/2006 8:45:47 AM EDT
[#45]
Bullshit. There has to be PC, and unless you are toting large white money bags with a Dollar sign on the side how is anyone to know anyway? |
|
|
|
|
Posted: 3/3/2006 8:46:08 AM EDT
[#46]
What kind of car are we talking? I know of a girl at the high school I went to that went in and apparently IIRC paid cash for a new(at the time) Chevy Cavalier.
|
|
|
|
Posted: 3/3/2006 8:47:25 AM EDT
[#47]
I just bought a 2005 Dodge Caravan in September. Wrote a check for $21k. No hassles.
|
|
|
|
Posted: 3/3/2006 8:48:10 AM EDT
[#48]
If you pay $10k or more cash on anything, it gets reported to the IRS.
Finance it, then pay off $9k per month (they reduce your interest payments for paying it off early). |
|
|
|
Posted: 3/3/2006 8:51:09 AM EDT
[#49]
Bingo. |
||
|
|
|
Posted: 3/3/2006 8:52:36 AM EDT
[#50]
ATF, FBI and DEA (Not in that Order)
|
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
