Forum Discussion
tropical36
Jul 06, 2020Explorer
jorbill2or wrote:
Off topic but pertains to Pvt purchase via Cash. all cash Bank transactions withdrawals or deposits 10,000 or more are reported to the feds by Bank regulation and part of homeland security and of course watching for Drug transactions.
If Purchasing with a dealer unfortunately I disagree with cash being King. Cash is not king anymore unless it's some mom and pop operation. Much like a Car dealer (never say your cash to a car dealer until the deal is done) Dealers can make money off the financing and may take that into consideration on their "deal" dealers can get better rates than you and then equal or better the rates you can get at the same lender while they get the difference. A legit dealer will lower the price counting on that income to make it up , you win with a lower OTD price and the same financing rate you would get on your own. Just some food for thought if your a Dealer purchaser
I need to remember that and for making all my future drug deals in lots of $9999.99....lol
You're right about dealers and financing and for them not wanting to hear that cash word, any longer. Check book in the doorway, as I mentioned is just for showing seriousness in making a downpayment and for no matter how you pay.
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