Lateral-g Forums - Out of state car purchase

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Dodge383fi

10-26-2021 01:33 AM

Out of state car purchase

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 05:34 AM

escrow.com

Don

Dodge383fi

10-26-2021 10:07 AM

Quote:

Originally Posted by dhutton (Post 715829)

escrow.com

Don

That looks pretty good. Have you used them before?

dhutton

10-30-2021 10:40 AM

Yes I used them once.

Don

nickcornilsen

11-02-2021 08:05 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 05:39 PM

Quote:

Originally Posted by nickcornilsen (Post 715970)

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 04:15 PM

Quote:

Originally Posted by 214Chevy (Post 716101)

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

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