Log in

View Full Version : Out of state car purchase

Dodge383fi
10-26-2021, 12:33 AM
How do any of you that have bought cars out of state, that have the cars shipped to you, not picked up, handle paying for the car so you don’t get taken? Thanks.
-Ed
dhutton
10-26-2021, 04:34 AM
escrow.com

Don
Dodge383fi
10-26-2021, 09:07 AM
escrow.com

Don

That looks pretty good. Have you used them before?
dhutton
10-30-2021, 09:40 AM
Yes I used them once.

Don
nickcornilsen
11-02-2021, 07:05 AM
What ever you do, don't carry large amounts of cash, until the civil asset forfeiture system is reformed. It's effectively a crime to carry large amounts of cash at the moment.
214Chevy
11-08-2021, 04:39 PM
What ever you do, don't carry large amounts of cash, until the civil asset forfeiture system is reformed. It's effectively a crime to carry large amounts of cash at the moment.

Not sure of every state's rule, but I'm sure it's pretty consistent across the board since it's an IRS rule. Don't deposit anything larger than $10k...well, $9,999. Otherwise, the IRS will come looking into your affairs. They'll know because it's the bank responsibility to report the deposit. If they don't , they get penalized and fined and may be charged with money laundering. So, they will report it.
nickcornilsen
11-11-2021, 03:15 PM
Not sure of every state's rule, but I'm sure it's pretty consistent across the board since it's an IRS rule. Don't deposit anything larger than $10k...well, $9,999. Otherwise, the IRS will come looking into your affairs. They'll know because it's the bank responsibility to report the deposit. If they don't , they get penalized and fined and may be charged with money laundering. So, they will report it.

Civil asset forfiture is a different thing than the 10K IRS rules... Look it up.