How To Buy A Car?

[whodi]

I want to buy this used car, but they are asking $15,000 for it. It's at an authentic dealership; not a wholesale lot or anything.

I have 13k in CASH to spend on this, but how do i pay for something like this in cash?

And could you all give me some tips on how to negotiate a final price? I've never bought a vehicle from a dealership or anything.

Thanks,

Whodi

 

[Guest]

This is in the wrong place if you are asking how to negotiate a final price to buy some car. However I can help you a great deal!
Send me the cash in a brown envolope and I will send you a check. I promise. I cross my heart too.

Finance the car and use the cash to make the payments. Dont take that much cash to a dealership. BUST

 

[whodi]

ya my main question is how to buy something that large with cash.

 

[Deft]

Write a check, if its a private party deal do it at a bank and give cashiers check for a solid title. Make sure the car is in good shape and is what you want for how much you want to spend, carfax sucks for this you really have to inspect the car and know what you are looking for (accidents, common BIG problems like trans suspension rust etc).

 

[whodi]

so if you gotta finance it, then how much should i take to the bank for a down payment?

 

[Deft]

If your going used from a dealer definatly check out a mint car first even though you don't intend to pay top dollar for one, that way you know what everything should feel like and look like.

 

[la resistance]

I'm assuming it's money from something illegal? if so, I would not buy from a dealer, but a private person instead.

 

[Dr Dog]

so if you gotta finance it, then how much should i take to the bank for a down payment?

on about 15000 they would want a few grand, possibly 20 per cent depending on if you have any credit

But if you have 13 k saved up go to the bank with like 10 and say finance the other 5, your payments will be just over 100 bucks for 2 years and you set.

Use the other 3 k you saved to pay for your insurance

 

[Guest]

I'm assuming it's money from something illegal? if so, I would not buy from a dealer, but a private person instead.

If you buy from a person you can get them to right on the title you payed $1:00 that way they don't have to pay taxes on it, Same way with buying a house

 

[wafflehouselove]

If you buy from a person you can get them to right on the title you payed $1:00 that way they don't have to pay taxes on it, Same way with buying a house

Actually your wrong, there's a book that licensed dealers have that they can sell the car for at the lowest price if any lower IRS will go after them and no its not kbb. For a private person if his willing to do that for you he can just put it as a gift but then again the money that he sold the car for wouldn't be legit.

 

[Guest]

Actually your wrong, there's a book that licensed dealers have that they can sell the car for at the lowest price if any lower IRS will go after them and no its not kbb. For a private person if his willing to do that for you he can just put it as a gift but then again the money that he sold the car for wouldn't be legit.

I talking about buying from a person that wants to sell a car or truck or what ever not a licensed dealer. like, If I have a house and I want to sell it I run an add in the paper if you tell me you got cash and are o.k. with me writing out on the deed that I sold it for $1:00 I only have to pay taxes on $1:00 at the end of the year but yeah then I got to wash the money some how how about beer and strippers

 

[Guest]

Anything over 10K will be flagged by the IRS, so if you don't have legitimate financial means to purchase the vehicle, then you're in trouble. Find the NADA blue book value of the car and tell the dealer that's what you're willing to pay. If they say no, whatever - there's not a big shortage of cars for sale out there. So far, the best advice here is to to finance it. The more you put down on the car, the better your interest rate is going to be...

 

[Chamba]

before you buy, become an expert on that model's price by checking out similar cars online and in print..that way you won't pay too much for it

always get the car checked out by a mechanic...then negotiate the price

drive at least 3 or 4 other cars of the same model and mileage, never buy the first car you see....there is always another one around the corner

often when you fall in love with a car you fail to see it's faults...take along someone who is not is love with it to help point out faults you might be blind to.

it's always buyer's market, more so now..so negotiate hard..which means a window price of $14,999..this car was bought or traded in at anywhere from 9 to 11 grand and probably owes the dealership anywhere from 11 to 12 grand ..from my experience in Australia, which is probably not that much different from the US, I'm guessing it could be bought for anywhere from low 12's to high 13's depending how much they have loaded in the window price and how desparate they are to make a deal. ...the same car could probably be bought privately for high 11's to high 12's (?)

cash is not an advantage as the car lots often make as much money in kickbacks from the finance and insurance companies as they do from selling the car.

if want to finance the deal, go to a bank for your loan and save plenty of $$ in the long run...come car lots offer good payments but when you go to sing up there are all these add-ons which makes it much dearer than a bank loan

and let me repeat, get any car you want to buy checked out by a professional mechanic .......they must test drive the car and get it up on the hoist for a look underneath....whatever it costs to have that used car checked is money well spent..they will be able to tell if it's had more hits than Elvis or has never had a bingle....or has driven hard like a stock car or baby-ed ...if the car's odometer has had a "haircut" or not etc...and they will be able to tell how much and on what parts you will be spending on mechanical repairs in the near future as well.....

btw what model is it?

 

[TNTBudSticker]

What you can do is....

Don't tell them how much cash you have... just a down payment like $2000

Then they will give you a set price..depending if they sit down with you and time to deal in the tiny little office.

The loan say its for $2,000 down payment....they will give you a price and monthly payment....Once you get that price and monthly payment,If you want to put down more down payment...just tell them to add this much more payment to the current loan with $2,000 down plus..its usually cheaper.Or Watch Carefully with what they do here,,,When you get High in the Downpayment with the SAme Loan...They may write Up a New Loan with something Higher than the old loan. Change your mind then get the first One..

After All..It's Your money to spend...its Fun playing with These people sometimes Because a loan called "No pre-payment" penalty loan rules...then you can pay it off whenever you want.30 days,2 months,4 months.

Took me once 8 hours to get a car...walked out almost 3 times..acutally I did walk out 3 times...Got a $17,000 car for $11,500...I wanted them to paint the whole car while it sat on the lot for 2 years.
Ya know...they wash it and scratch the paint and rub in the dust.Lousy housekeeping...Spiderswebs in the paintjob,

So I ain't paying what they asked. The Car was Nice too.

The Car Beats Corvettes in Corners Pulls over 1Gs in Corners Stock.

 

[Chamba]

TNT...lol....do you really think that some one like you who buys a car every 4 years can out smart pros who do it every day of the week?.....you'd have more chance trying to challenge a professional boxer to a fist fight lol.

the only reason you bought a 18K car for 11k is because it was an old stocker and they couldn't wholesale it anywher for near 11K...they were probably happy to clear that old stock boy racer with cobwebs off the lot at any price!...even if they had to respray it....is the paint peeling off yet?

financing a car from the car lot when you have the cash, esp when they make kickback from it ...the kickback comes from your money!....and with current saving interest rates so low, is not the best way for most people ...and with paying cash, it's nice to know you won't to find hundreds of bucks every months for years to pay the thing off.

lwhodi ...et me guess, it's a 3 or 4 years old Pontiac GTO with 30K miles on the clock and it's bright dog dick red? ha!

 

[Guest]

TNT...lol....do you really think that some one like you who buys a car every 4 years can out smart pros who do it every day of the week?.....you'd have more chance trying to challenge a professional boxer to a fist fight lol.

LOL you sound like my one of my finance professors.

 

[Guest]

I paid 33k for a new car at a dealer,two months later got busted, Assets Taken by narcs, fought the motherfuckers for almost 2 years on it. Got it back!! Never again will I pay for a car. Finance the car, the tell the cops to pay the loan if they want it.

 

[Chamba]

LOL you sound like my one of my finance professors

no, but I did spend the best part of a decade watching "heads" walk over the frontline while getting a deep tan from the collar up

finance professor!...lol.I wish I was...aamof..I just took a big hit on the falling US$ on a biz deal......I had the notion of flying out to the Am'dam for 4/20 (and had permission from the missus) and now that idea has flown out the door ...damn!

 

[Dr Dog]

I found this AP story that might help you


New York's governor was felled not by "Kristen"--but by Osama bin Laden.

Since Sept. 11, 2001, stronger anti-money-laundering rules and new technology have made it tougher to hide dirty transactions of all sorts. As a result, the feds are just as likely to nab a high-profile john as they are a terrorist or drug dealer. "It's very difficult to avoid creating a paper trail," says Gregory Baldwin, a lawyer specializing in money laundering issues in Miami. "If you try too hard, you can trip a wire." In other words, it's easier to cheat on a spouse than to cheat the system. Here are five ways spenders try to cover their tracks.

1. Wires/transfers. If accusations in court filings and the rumors are true, Spitzer's mistake was to wire funds to Qat, a front company used by the Emperors Club VIP. There was a time when money wiring (via, say, Western Union) was a good way to move dirty money undetected. But now such transfers, especially to suspicious entities, raise red flags. Both banks and money services are required to record wire transfers of $3,000 or more and take note of who received the money. That's what helped nail Matthew Thompkins, a New Yorker who was sentenced last year to 23 years for operating a national underage prostitution ring. He moved a total of $850,000, in increments of less than $3,000 at a time, via U.S. Postal Service money orders and Western Union transfers. Financial institutions are required to keep an especially careful eye on so-called politically exposed persons, usually meaning foreign government officials. But many banks have decided to expand the definition to include U.S. politicians.



2. Credit cards. You'd think felons would know better, yet that's partly how the feds collected evidence against Dennis Paris. Convicted of running a Hartford, Conn., sex-trafficking ring that used underage girls (including a 14-year-old), Paris has been fined $1.5 million and is facing life in prison. Court documents make these claims: Pretending to operate an escort service and using front companies with innocuous names, Paris walked around town with a mobile credit-card processor. His clients paid for prostitutes with Visa, MasterCard and Discover cards. Sex chits were processed by First Data.

Discover Financial Services says it got wise to Paris--it won't say how--and shut down his account within three months. Visa, MasterCard and First Data declined to comment. Neither First Data nor the card companies have been accused of wrongdoing.

The use of credit cards to pay for unsavory goods or services (especially pornography) happens more than credit card companies admit. But these companies do have software designed to spot suspicious transactions, which must be reported to the feds. The industry shares a database to help identify illegal behavior, not only to help the government stop criminals but also to mitigate fraud losses, which run into billions. "Think algorithms and models and different software and Web crawlers," says Christine Elliott, an American Express spokeswoman. Despite the safeguards, however, Amex cards were used to purchase sex from the Emperors Club, according to the criminal complaint, apparently without triggering the criminal investigation.

3. Prepaid cards. "Spitzer should have used a stored-value card and put money on that," says Gregory Calpakis, executive director of the Association of Certified Anti-Money Laundering Specialists in Miami. "It is almost an untraceable instrument." Prepaid cards have become a big money-laundering concern for the feds. American Express sells gift cards with denominations as high as $500 that can be purchased at retailers anonymously (that is, with cash) and without limit. The company points out that customers can't bank with the card or use it outside the U.S. But other stored-value cards, often branded by Visa or MasterCard, can be accessed for cash via ATMs worldwide and reloaded with cash online or at checkout counters without a bank account or face-to-face identity verification. Law enforcers have seen drug dealers use these cards, and they fear that terrorists rely on them too.

Sallie Wamsley-Saxon pleaded guilty in February to running a prostitution service in Charlotte, N.C., using prepaid cards from Green Dot to move cash, say court filings. Over a two-year period, she took in fees from prostitutes (sometimes via her PayPal account) and transferred $120,501 to her Green Dot cards, each with a $2,500 maximum. She used the funds partly to pay for the hookers' hotel rooms, according to court filings. "What we do is a reasonable measure to know the identity of each customer," says John Ricci, general counsel for Green Dot, which apparently didn't get wise to Wamsley-Saxon (someone tipped off the cops) but cooperated with the investigation.

4. Digital currency. According to the Justice Department, between 1999 and 2005 child pornographers, hackers and identity thieves made use of E-gold, an online payment system in the Caribbean. Users provide an e-mail address to E-gold, then go to a currency exchange (like Cambist.net) to swap greenbacks, euros, yen and so forth for digital currency backed by gold; from there the customer is free to conduct anonymous transactions anywhere in the world. The feds indicted E-gold last year for money laundering and illegal money transmitting because it operated without an appropriate license. The company pleaded not guilty, and its lawyer, Andrew Ittleman, says E-gold fully complied with anti-money-laundering laws and did not need a license to operate.

5. Cash. Unless you're unlucky enough to get marked bills, cash is still very hard to trace, says Fred L. Abrams, a New York City asset-recovery lawyer. Client No. 9 (Kristen's benefactor) eventually arrived at that insight, paying $4,300 in bills in his final dealings with the Emperors Club, says the complaint.

Deposits or withdrawals that total more than $10,000 within the same day automatically prompt a currency transaction report to the federal government. Smaller amounts will also be picked up by software monitors if they fit a suspicious pattern. Slicing up transactions to avoid detection--or "structuring"--is illegal. Structuring and money account for half the 600,000 suspicious-activity reports banks now file with the feds annually, compared with 162,720 SARs at the start of the decade. (In a bizarre case, Riggs Bank, the Wall Street Journal reported, filed SARs on former U.S. Sen. Bob Dole, after regular withdrawals of up to $8,000 in 2004; no wrongdoing was ever alleged.)

So what's the safe way to get a wad of cash out of the bank? Take it in small and regular doses. Withdrawing $1,200 every week for a high earner is probably not going to trigger an alarm, says Clemente Vazquez-Bello, a lawyer in Miami who advises banks on anti-money-laundering regulations. And if it does, have a good explanation ready. You're within your rights to be a big spender at restaurants and flea markets where credit cards are not accepted.

 

[boroboro]

If I had cash and wanted a car with little paper trail, I would build it or have it built.

1. Buy the car you want, only find one with a blown engine, transmission, body damage, etc. Not too much cash up front, then.

2. Have the car fixed, paying cash for repairs. Small repair shops are happy to do work for cash, even in periodic installment payments, and aren't too likely to be real sticklers for paper trails.