paying cash for a car?

[Anonymous]

Carrying around cash is risky and pointless. Unless you don’t have checking account I guess?

[Anonymous]

I paid maximum the dealership would allow on credit card ($4k) for the cash back, then wrote a check for the rest ($19k).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just right a check. The dealer can run a credit check on you in a matter of minutes. Just make sure you have the money in your account.

The dealer has no need to run a credit check and walk out if they demand it. Its a scam.

Yeh. The dealer said they run a “soft” credit check—whatever that is. They ran a regular credit check even though I was not financing through them which is beyond ridiculous and rude. I did write a check for $20k but they didn’t need a credit check to take it.

Scummy dealership.

[Anonymous]

We did wire transfers.

[Anonymous]

A dealership can’t do a hard pull credit check unless and until you sign a loan application.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A friend did that. Showed up with $40k in a backpack. Told the dealership they could keep the backpack. Boss move.

And the dealership filed an IRS Form 8300 about her because it was a cash transaction over $10,000.

And? Unless she’s laundering cash, so what? But carrying around that much in cash is beyond foolish. Police love to do seizure and civil forfeiture for stuff like this.

[Anonymous]

Anonymous wrote:I paid maximum the dealership would allow on credit card ($4k) for the cash back, then wrote a check for the rest ($19k).

Similar. Would've put the whole thing on a credit card but they didn't go for that idea.
And yes, if you bring in >$10K in cash, they are supposed to file a report.