Personal check, cashier’s check, big fat envelope or, if both parties live in the 21st century, electronic transfer.
That doesn’t mean people won’t use it as an excuse. I’ve seen people use SOx as an excuse to make workers clock in for their coffee breaks and GxP to refuse letting the warehouse guys have red ballpoint pens. Any legislation that sounds scary or esoteric enough can and will eventually be used in this way.
Yeah, exactly. So a report goes to the IRS. It’s no big deal, unless you’re using unreported money.
Are Mazdas and Ford sedans actually as reliable as Hondas and Toyotas, or would the OP just be setting himself/herself up for expensive problems down the road by taking the cheap way out now? Most of the rankings I’ve seen show Mazda and Ford as just average, with Chrysler at the bottom (My father had the misfortune of owning a Neon and myself a Grand Cherokee).
Yeah, check this out. We got some $X,000 dollar reduction in the purchase price (don’t remember what X was) for financing through Kia finance. Sent in a check for the purchase price for the first payment, and then whatever minimal interest had accrued for the second and closed the loan.
I’m guessing you’re responding to the wrong thread, since your own thread about “Most accurate car reliability ratings” is over thisaway.
It’s not illegal. The Bank will just file a CTR, no big deal. The Dealership must file a Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. A bit bigger deal.
If you try the old $9999 get around, both/either will file a SAR- which* is* a big deal.
I think, with any used car, it depends on how it was used and maintained. I’d take a fifteen-year-old Dodge Neon with 150,000 miles that spent it’s whole life being driven by a grandma who was meticulous about maintenance before I’d take a five year old Honda Civic with 50,000 miles that spent its whole life being driven by a teenager who maybe changed the oil a couple of times and revved it to the red-line all the time before changing gears.
This is what we did.
For my last purchase, we made the deal over email and put down a credit card deposit ($5K). They delivered the car, took my personal check for the remainder (~$13K) and drove off with the trade-in. I never went to the dealership and I don’t know that they had a way to verify anything from my house!
Now, we did not pay the entire price this way, but the last two times we have bought at a dealership (CarMax), we have used our Visa Debit card.
Admittedly, we did have to call and verify that it was us and was a legit purchase, but we transferred the money from savings to checking on our phone (it is instantaneous if you have the accounts with the same bank and linked) and then paid the $8,000 down with the card.
Had we intended to pay it all, I do not see any reason why we could not have done so the same way.