Paying cash vs wire transfer

[rushca01]

Need a little help here in buying from a private seller. What is the easiest way to buy that's beneficial to both parties. I can just walk into the bank and request 40k in cash...however the seller doesn't want a check etc.. what is the best legal way to do this? How do people pay all this gobs of cash?

[Boss 5.0]

I have bought and sold several cars with wire transfer. Its safe and easy. I admit to being concerned the first time around, but after talking with my banker I am more comfortable with it. I know people that have bought some big dollar cars the same way too. It seems to be the way to go these days.

[Sheck44]

Yup .. wire transfer, done it many times
Cheers
Steve

[rushca01]

Wire transfer is ok with me but seller wants cash...

[71RS/SS396]

Originally Posted by rushca01

Wire transfer is ok with me but seller wants cash...

You can get that much cash from your bank but typically they need advance warning unless it's a large branch.

[rushca01]

Originally Posted by 71RS/SS396

You can get that much cash from your bank but typically they need advance warning unless it's a large branch.

What about the CTR and flagging the Feds...tin foil hat off.

[Tim john---]

As a seller, I requested that we both meet at a local bank and had a teller take cash from buyer and run it through their counting and forgery machine without me ever touching his cash, the complete transaction was done inside the bank and the money was deposited into my account. This made for a very smooth transaction and both parties were comfortable and I traveled with no transaction cash on hand.

Tim john---

[ADY]

Have the seller meet you with the car at your bank and request that your Bank write the seller a certified check. With all the anti-money laundering rules and regs, and risk of handing out large sums of cash you will not find a bank that will hand over anything over $10k typically. Its also a safe place to conduct the transaction b/c you have the seller on the banks cameras if the car ends up having title issues.

[minendrews68]

Originally Posted by ADY

Have the seller meet you with the car at your bank and request that your Bank write the seller a certified check. With all the anti-money laundering rules and regs, and risk of handing out large sums of cash you will not find a bank that will hand over anything over $10k typically. Its also a safe place to conduct the transaction b/c you have the seller on the banks cameras if the car ends up having title issues.

Good advice... I vote for this one! Are you both in the same town to do this, (or reasonably close)?

[DT69Cam]

The seller Doesn't want a check...... The seller Doesn't want a check........