Hey guys,
So I have a question for the community.
Say I have 10k in bills (obviously drug money) and would like to buy a resonable used car. What's the best/easiest way to go about it?
Edit: in the United states
Buying a car with drug money.
Hey guys,
So I have a question for the community.
Say I have 10k in bills (obviously drug money) and would like to buy a resonable used car. What's the best/easiest way to go about it?
Edit: in the United states
[8 Points] scruffwuff:
[6 Points] WolfID:
I'd personally buy it used. Keep it below 15k is a good way to avoid questions. If the seller will put down a lower amount bought for on the title then even better.
[4 Points] Dreamdom0fKings:
Fuck that get the plans to build a gyrocopter and make it really nice or hire an engineer to do it up right with fancy doodles and orts and fly around instead, that would be way better than getting a car and a hell of a lot more fun to do while drunk or on drugs.
THAZ STYLE YO
[2 Points] MonkeyWeiti:
Wouldn't go to a official bmw dealer. But in a rural area less questions get asked...
[2 Points] ___--_--_--___:
You're an idiot, no offense.
You take the cash to the person with a car and you hand it to them, that's usually how purchasing a car goes.
[1 Points] Profesco:
I paid for my car in 7k clean cash. Depending on where I doubt it'll be a problem.
[1 Points] ziplocroundtheclock:
I'm pretty sure that 10k is the trigger point where a cash payment (and the identity of its source) has to be reported to the IRS by the recipient. This also applies to any series of smaller cash payments from the same individual that could be interpreted as an attempt to avoid the 10k limit. Not that a random used car dealer will necessarily obey this law, but better safe than sorry. Do your own research of course, I'm not a lawyer or an accountant.
Edit: Of course, if you have some plausible legal explanation for how you earned the cash, and don't mind paying income tax on it, then this is irrelevant. But I'm assuming you don't want to go that route since you're not depositing the cash in a bank.
Edit2: It's kind of funny, when I was thinking through this issue a while back, I realized that this is probably one reason why gangster types are known for driving cars that are super old, but heavily modified and tricked out. It's a way of pouring money into a car gradually, showing off one's wealth without ever making an individual transaction over 10k.
[1 Points] druggieslut:
Honestly, get a car for about 2000 Spend 2 grand fixing it up to top running condition. Its less noticeable to the government than buying a 4000 dollar car.
Save the rest :)
[1 Points] USAMDM:
Buy it from a private seller, the seller will more than likely not oblige to you making up a price lower than what you actually paid for the pink slip, as this saves both of you money on taxes.
No you only have to explain 2k instead of 10k. Much easier.
[1 Points] None:
I bought a used car and needed to apply for a load for the other half i did have. I brought like 4k in cash. If you pay your bills on time, or even do double payments sometimes, you can build your credit up and may minimal interest.
[0 Points] Sheogorath99:
A car dealer, no doubt. You won't even have to use a DNM for it, shit's legal and everything.
Just say you have cash to pay with, they'll shit their pants and you'll get a sizable discount if you're a smooth talker.
It wouldn't hurt though if you didn't quite spend 10k tho. A few thousand in cash isn't that big of a deal when buying a car though (maybe 5?)
Anyway, just try it out. See what the dealers say about it
[0 Points] -tmwsiy-:
Anything over $9,999.99 has to be reported to the IRS by the car dealer. Anything under = no worries
[-1 Points] Rolling_Stonedd:
This is just my opinion but i think you should use 2-4K as a down payment then finance the rest. Dealers offer better deals when it's financed because in the long run its more money for them. Also won't really raise any red flags since you'll be making smaller payments then slapping down 10k straight up. Just get a good interest rate. Not sure what your credit or job situation is though so financing may not be a viable option.
Put 7-10k on brand new 18,000-25,000 dollar car, finance for 72 months, pay around 150-250 a month and build some credit. Bam brand spanking new car and some good credit for the future as long as u pay