[smurfin'herb]

I wanna buy a newer car in cash, without it raising eyebrows that need not be raised! Im not gonna go buy and escalade or some crap like that, i just want to spend maybe 10-12 g's on somethin nice but not flashy. Im getting older now and i cant be driving beaters anymore, because the older you get, the more people expect out of you and plus i deserve a nice car for all of the ridiculous risks i took to get where i am today.

What is the process of paying cash for a car like..? Do they like photo copy yor i.d.? Does the government or IRS get notified when people buys cars so that they can compare that persons average yearly salary to the price of the car to see if that person can afford it..? I imagine they do but maybe not until its gets to a certain amount. So many q's going thru my head! How can i pull this off without questions being asked...?

So heres my history. I havent worked for any taxable income for about 3 years now. As far as taxes, I have filed no income, or less than the required amount u need to make to even need to file. I have ZERO debt but also ZERO credit. Credit may be just a tad scewed tho. I think the cable company turned me into a collection agency for 40 dollars a long time ago that i never handled. I also skipped out on a 200 dollar bill from a medical facility, and i think they turned me over as well. So im guessing im in pretty good shape compared to the rest of the nation. lol!

[smurfin'herb]

no ideas..?

[konstantgrdnr]

What i would do is go to privately owned car dealership(can find them on craigslist, also beware for deals to good to be true ), They are in the Business of swapping and trading and buying cars from the secondary market (Bank Repo's ,Trade ins) usually you haggle a little and by then your instincts would tell you if it is ok to ask many people often like under-reporting the cost for tax purposes. at the end of the day whenever you have cash they know, if they don't make the sale someone down the street will.


These are usually located in minority areas where most people deal in cash.You should be comfortable with the person and business your buying from, and do the customary thing like get a carfax (history of the car title) and have the car inspected by a mechanic. Just because you do business like this does not mean you have to deal with shady people or be scammed.

[LiLWaynE]

whats up smurf, long time no talk...

what I would do personally is search for a private seller. give them a call, tell them you want to come see the car/truck and set up a meeting. get your purse full of 20's and roll on out to the meeting. if they are asking 12k, tell them youll give them 10500 cash money. If they say no and you like the car, obviously you can tell them 11k so on and so fourth.

Im a private buyer kind of guy, but sometimes you just have to go to a dealer. problem with dealers is they charge sales tax, and thats another huge chunk of change that you dont want to have to pay.

buy out of state if need be. Down south here they have some nice cars at some nice prices. I dont know where you are but try searching some southern cities- Florida has some good prices... buy a 1 way airplane ticket to a certain city, pick up yourself a car, vacate for a while?, then road trip it back to your house.,,,

[Mr. Bongjangles]

I recommend you pay a little extra and finance the vehicle you want from a used lot.

This way you can put a few grand down in cash, which will not raise any eyebrows, and then make your payments with cash or money orders purchased with cash.

That will also help get some credit rolling for you.

12k is just too much cash to drop anywhere at once. A business will be suspicious, and you don't want the private buyer going to drop 12k cash into the bank, as they will have to answer questions and your name will come up, and prolly go on a bank form that goes to the government.

That could come back to haunt you someday considering you claim little or no income. Maybe not, who knows.

Another option would be to wait a little and start depositing into the bank. Say 6 months and deposit 500 a week. 13 grand to spend without a second glance from anybody. You'll want to claim the income, but if you're not claiming much now, 13k shouldn't cost you much at all in income tax.

[bostondutchmast]

if u were in the area i could hook u with a nice ride...i have a few friends who own some car dealerships and sell cars privately as well. plus i have a car i am trying to sell that is 2k over your price range but is a 09 and is a very reliable good looking car.

but on another note


i dont think its suspicious to have 12k cash when you are shopping for a car. alot of people will have cash in hand when buying a vehicle. When you buy the car all that happens is the title is signed over into your name. However there might be a flag drawn up if you have no income and buying a car worth 12k. My uncles use to just put everything they owned in someone elses name since they didnt have any legitimite money.

or you can always go into what mr bojangles said but of course if you dont have a job you cant get financed.

[Mr. Bongjangles]

Originally Posted by bostondutchmast

i dont think its suspicious to have 12k cash when you are shopping for a car. alot of people will have cash in hand when buying a vehicle. When you buy the car all that happens is the title is signed over into your name. However there might be a flag drawn up if you have no income and buying a car worth 12k. My uncles use to just put everything they owned in someone elses name since they didnt have any legitimite money.

or you can always go into what mr bojangles said but of course if you dont have a job you cant get financed.

Cash transactions over 10k will be reported by the dealership to the IRS. That law has been around since 1985.

(edited some harsh comments, was in bad mood sorry)

Also, no way do a lot of people walk into dealerships with 10k+ cash in their pocket. When the term "cash" is used in the context of an automobile sale, it usually means the person has the money in the bank as opposed to financing the purchase.

About financing without a job.. It's possible, he'll just need a buddy/relative to co-sign. I said used lot for a reason, as they will be easier about that.. They will also take the car back asap if you miss payments and stuff, but that isn't a problem for someone who is financially sound.

[smurfin'herb]

OK, nobody is going to co-sign for me. I was thinking i could go find somethin from a private seller and ask him to write down that the car was sold for $1000. That would probly work, but then that guy that sold it would have to figure out how to prove he got 12 g's.

Konstant, when the buy here pay here guys underwrite the cost for tax reasons for people, how do they prove where the extra money that wasnt reported came from..? In these scenarios, do you just end up tossing your burden onto someone else..?

All i wanna do is buy a nice car. And its such a pita. I feel like its almost impossible to pull this off. Only thing i can think of is this.....I could buy a bunch of cheaper cars from private parties over a decent period of time (say i bought them all for $100 lol), and have the sellers each list a reallly low selling price on paper (say like $10 all together), then i could go and sell/trade them for around what i actually paid for them, and make it look like i profited a bunch of money from them on paper. So in this case if i sold the cars for what i actually bought them for ($100), it would look like i profited 90 dollars since uncle sam thinks i only paid 10 bucks for them and not 100!
I actually feel like a bad person talking about this kinda stuff. Its sad that people like us are forced into these kind of positions. I lead a good life, love my family, pay my bills on time and help my neighbors. Why am i so different from everyone? Because of a plant...?

[PonicallyMade]

I hear ya.

Find a private seller - give him the cash for his car and ask him to write something smaller in the sale price on the title.

Really all depends on the seller - most people would just take the cash and just spend it as they wouldn't want to pay income tax on the sale anyways.

You need to find a way to tell the seller not to deposit that 12k without sounding like a "drug dealer".

or if you can get a loan - just finance some shit - usually a bad call if you've got the cash, but it looks normal - and that interest $$ - fuck it ..at least they cant come and confinscate your ride should shit hit the fan.

Its almost a good thing in this game to not have your big purchases paid off.

best of luck

[LiLWaynE]

ok, so lets just say you aquired your 12k cash from just saving it ...since... say... time of birth..ok.. or even better, say you saved it up from selling a bunch of other personal items of value... (i.e; you have a garage sale and do VERY well with it)

so you then decide to go and buy a car with your savings...

how is the government going to prove that you did not infact save that money up?

there are MANY cash transactions that go on.. WAYYY larger amounts then 12k...

someone school me please..