Go Back   The Ford Barn > General Discussion > Early V8 (1932-53)

Sponsored Links (Register now to hide all advertisements)

Reply
 
Thread Tools Display Modes
Old 10-15-2021, 09:11 PM   #1
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Accepting cash for car sale

Had a very interesting experience tonight Friday night at 8pm trying selling an expensive car, not a Ford v8 BTW but still a collector's car. A guy drove 300 miles to my house and we agreed on a sales price of $87,500, about 20% more than I paid a year ago. He then wanted to hand me cash and take the title and the car right on the spot.

I told him I wasn't comfortable taking $87,500 cash (at night from someone I don't know). I said I'd gladly accept cash delivered to my credit union(counted and verified by them) during business hours.

I said I'd take a wire, or cash at the bank, or a certified check issued to me in person at his bank.

The guy brought an experienced mechanic with him and he inspected the car up on my lift and I learned a few things about the car I didn't know.

When I bought the car I wired 20% to the guy's bank account in Canada and 80% was transferred by escrow.com with each of us paying half the 1% fee. Fidelity was hesitant to wire 100% to a Canadian bank.

He called an hour later and said he'd try to organize a bank wire.

I like cash but how was I to verify the $87,500 cash was real on a Friday night at 8pm? I offered to drive the car the 300 miles and fly back.

I've never met someone who would carry that much cash about and banks report that large of a cash transaction to the IRS.

Didn't want to post somewhere the guy would see the discussion as the car is a 2002 Acura NSX. Got another guy looking tomorrow.

I don't know what to think about where all that cash came from.

What do you think?
__________________
41 woodie https://41fordwoodie.weebly.com/
mrtexas is offline   Reply With Quote
Old 10-15-2021, 09:20 PM   #2
mhsprecher
Senior Member
 
mhsprecher's Avatar
 
Join Date: Aug 2012
Location: Takoma Park, MD
Posts: 2,811
Default Re: Accepting cash for car sale

This is only part of your question but any bank transaction over $10,000 is reported to the IRS.

I think you were right to be nervous about taking $87,500 in cash from someone you don't know at night. I think a wire transfer is the way to go, but I am no expert in high dollar financial transactions of this type.
__________________
1924 Model T Coupe
1928 Model A Roadster
1930 Model A Town Sedan
1939 Deluxe Fordor
1945 pickup
1951 Custom convertible
mhsprecher is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 10-15-2021, 09:23 PM   #3
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

While I have never done a deal that big, I always use cash. I have some friends who are big dealers in antiques of many variety's, some times buy out whole collections, with cash. why do you think joe wants to see all bank transactions over 600 bucks?
cas3 is offline   Reply With Quote
Old 10-15-2021, 09:25 PM   #4
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

"the car is a 2002 Acura NSX"
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-15-2021, 09:27 PM   #5
Tim Ayers
Senior Member
 
Join Date: May 2010
Location: NJ
Posts: 6,141
Default Re: Accepting cash for car sale

The IRS bank reporting thing isn't as big of a deal as would you think. Another thing to consider, wire bank to bank transfer is the only safe way to transfer large amounts of cash. Cashier's check is no where as safe or secure as people think they are.

That said, I've know people who have overnighted a shoebox of cash to a seller in order to secure a car.

I think your hesitation is reasonable and most banks are open on Saturday. Finding out if the cash is legit or not shouldn't be too hard to do tomorrow.

Drive to the seller's home with the car & title. Go to his bank and ask them to verify if the cash is legit or not.

You can be like The Wolf in the movie Reservoir Dogs and drive your NSX to his house in 1/2 the time it would normally take.

Last edited by Tim Ayers; 10-15-2021 at 09:33 PM.
Tim Ayers is offline   Reply With Quote
Old 10-15-2021, 09:28 PM   #6
Crankster
Senior Member
 
Crankster's Avatar
 
Join Date: Oct 2017
Posts: 563
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
It's a lot of cabbage, but it really isn't that much money anymore. It's a car. A nice car, sure. Prices going up, up, up, starts to add up after a while.

I vaguely remember as a toddler my mom grocery shopping for the family and seems to me $20 would fill several grocery sacks. Today? A $100 bill gets nuked at the grocery store real quick. Every once in a while some tool on the TV will talk about banning "high denomination" notes. $100 is the highest denomination currently issued.
Crankster is offline   Reply With Quote
Old 10-15-2021, 09:42 PM   #7
tomcarman
Senior Member
 
tomcarman's Avatar
 
Join Date: Feb 2017
Location: Rochester Wa
Posts: 574
Default Re: Accepting cash for car sale

I believe you made the right decision. That amount of cash would raise my eyebrows under those circumstances. If the guy is legit he will arrange the transaction per your terms. After all, it's your property and you can sell it under your terms. I can imagine a scenario where the buyer hands you that much cash, you sign the title over and he disappears with both car and title only to have an "associate" pay you a visit in the middle of the night. Very concerning to me. Please report back on the outcome.
tomcarman is offline   Reply With Quote
Old 10-15-2021, 09:43 PM   #8
Crankster
Senior Member
 
Crankster's Avatar
 
Join Date: Oct 2017
Posts: 563
Default Re: Accepting cash for car sale

Quote:
Originally Posted by mhsprecher View Post
This is only part of your question but any bank transaction over $10,000 in cash is reported to the IRS.
It's actually a lot less than that and has been for some time. Even $2000 or $3000. When the law was passed, probably 1969, $10k was a lot of money. So it's actually gotten more intrusive.

They are looking for suspicious activity though, and are also required to file a "SAR" if they believe something is hinky. Buying or selling a car or a combine however, is not suspicious. Making large deposits out of the blue ... that's probably gonna get on somebody's radar. It's part of the "Know Your Customer" policy. Some people deal with lots of cash regularly.
Crankster is offline   Reply With Quote
Old 10-15-2021, 10:01 PM   #9
fordor41
Senior Member
 
fordor41's Avatar
 
Join Date: Oct 2011
Location: elmira,ny
Posts: 1,505
Default Re: Accepting cash for car sale

cash yes, any kind of check, hell no! In lieu of cash, my bank said bank to bank transfer is the safest
fordor41 is offline   Reply With Quote
Old 10-15-2021, 10:28 PM   #10
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Once when i sold a car to Europe the bank did not even want to do a wire transfer as they said if the bank on the other end thought any fraud was involved, they could take the money back for x amount of time...I forget. So, they had me open a new account, accept the money, then close the account, money is now mine
cas3 is offline   Reply With Quote
Old 10-15-2021, 10:49 PM   #11
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Re: Accepting cash for car sale

Quote:
Originally Posted by petehoovie View Post
"the car is a 2002 Acura NSX"
Buyer will hand over the cash to bank and mortgage on my house principal paid. Car will do 180+mph although I've only had mine up to 120mph in between traffic. Stomp on it at 100mph and it takes off!

" Cashier's check is no where as safe or secure as people think they are." But check will be handed to me by the bank itself, not the seller.
Attached Images
File Type: jpg 243021437_3196693083943115_3647667637226896197_n.jpg (52.4 KB, 975 views)
__________________
41 woodie https://41fordwoodie.weebly.com/

Last edited by mrtexas; 10-16-2021 at 01:57 PM.
mrtexas is offline   Reply With Quote
Old 10-15-2021, 11:01 PM   #12
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

That is quite a car for sure, but worn out old fords suit my fancy just fine !
cas3 is offline   Reply With Quote
Old 10-15-2021, 11:21 PM   #13
tomcarman
Senior Member
 
tomcarman's Avatar
 
Join Date: Feb 2017
Location: Rochester Wa
Posts: 574
Default Re: Accepting cash for car sale

Quote:
Originally Posted by mrtexas View Post
Seller will hand over the cash to bank and get a cashier's check. Car will do 180+mph although I've only had mine up to 120mph in between traffic. Stomp on it at 100mph and it takes off!

" Cashier's check is no where as safe or secure as people think they are." But check will be handed to me by the bank itself, not the seller.
Maybe I don't get it but shouldn't that read "buyer", in lieu of "seller'?
tomcarman is offline   Reply With Quote
Old 10-16-2021, 12:19 AM   #14
russcc
Senior Member
 
Join Date: May 2010
Posts: 2,871
Default Re: Accepting cash for car sale

A friend who has been in the vintage car & parts business for since 1970 told me about a guy knew who sold a vintage Ford for cash. Took the money to the bank to deposit it, it was bogus. He was out the car and something like $50,000. So that was wise move not accepting the cash in that case.
russcc is offline   Reply With Quote
Old 10-16-2021, 12:25 AM   #15
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

Quote:
Originally Posted by mrtexas View Post
Car will do 180+mph although I've only had mine up to 120mph in between traffic. Stomp on it at 100mph and it takes off!
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-16-2021, 05:15 AM   #16
Frank Miller
Senior Member
 
Frank Miller's Avatar
 
Join Date: May 2010
Location: Auburn, MA
Posts: 2,106
Default Re: Accepting cash for car sale

My finance guy says cash is still king. i know someone who sold a motor home and the guy paid him 65,000 cash. People keep it in their safe because they do not completely trust the banks and there is always a certain amount of unreported earnings.
5 years ago I knew someone buying a house and cash would not be accepted unless they knew where it came from. I had to write a letter saying it was a gift with proof of a bank transaction.
I do not blame you for not accepting that much cash on a Friday night. Both buyer and sellers have been robbed with these transactions.
__________________
“The technique of infamy is to start two lies at once and get people arguing heatedly over which is true.” ~ Ezra Pound
Frank Miller is offline   Reply With Quote
Old 10-16-2021, 01:59 PM   #17
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Re: Accepting cash for car sale

deal done
Attached Images
File Type: jpg 245681289_3199224440356646_8960621030042822789_n.jpg (51.3 KB, 949 views)
__________________
41 woodie https://41fordwoodie.weebly.com/
mrtexas is offline   Reply With Quote
Old 10-16-2021, 02:14 PM   #18
Tim Ayers
Senior Member
 
Join Date: May 2010
Location: NJ
Posts: 6,141
Default Re: Accepting cash for car sale

Nice. Cash is king
Tim Ayers is offline   Reply With Quote
Old 10-16-2021, 02:20 PM   #19
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

Quote:
Originally Posted by mrtexas View Post
deal done
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-16-2021, 04:28 PM   #20
19Fordy
Senior Member
 
19Fordy's Avatar
 
Join Date: May 2010
Location: Coral Springs FL
Posts: 10,872
Default Re: Accepting cash for car sale

Excellent. Don't deposit it in your bank account.
19Fordy is offline   Reply With Quote
Old 10-16-2021, 04:56 PM   #21
KiWinUS
Senior Member
 
KiWinUS's Avatar
 
Join Date: May 2010
Location: Charlotte NC KiWi-L100 available here
Posts: 2,945
Default Re: Accepting cash for car sale

I would & will always take Johnny Cash in a heartbeat. 24/7. As much as I can get.
KiWinUS is offline   Reply With Quote
Old 10-16-2021, 06:48 PM   #22
outsider347
Member
 
Join Date: Dec 2016
Location: Orchard Park NY
Posts: 92
Default Re: Accepting cash for car sale

Cash in the garage is the only way I do a deal
outsider347 is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 10-16-2021, 07:29 PM   #23
paul2748
Senior Member
 
paul2748's Avatar
 
Join Date: May 2010
Location: Midland Park, NJ
Posts: 3,965
Default Re: Accepting cash for car sale

I agree taking a bundle of cash on a Friday night is risky. However, I would accept it if the banks were open and I could immediately put it in my safe deposit box (so no reporting to the Feds)
__________________
48 Ford Conv
56 Tbird
54 Ford Victoria
paul2748 is offline   Reply With Quote
Old 10-17-2021, 10:22 AM   #24
CA Victoria
Senior Member
 
CA Victoria's Avatar
 
Join Date: Feb 2011
Posts: 2,109
Default Re: Accepting cash for car sale

Cash can be counted and verified thru the counter & for counterfeit in minutes at a bank.
Thinking cash (large bills) is risk free might be an allusion.
Large cash transactions should be done at the bank and counted/checked first.
__________________
Tim
Downtown, Ca
CA Victoria is offline   Reply With Quote
Old 10-17-2021, 11:39 AM   #25
bobH
Senior Member
 
Join Date: May 2010
Location: so cal, placerville, vegas
Posts: 1,394
Default Re: Accepting cash for car sale

Interesting discussion... I've always done cash, but never as much. My biggest deal was in the 30's. The guy was carrying that much at the Fathers Day LA Roadster show, and we completed the deal on the spot. I even drove the car (a Ford flathead) to his house, and he brought me back to the roadster show. I had no problems with the cash, and I didn't try to put it in the bank all in one lump. (Of course, today, I have sellers remorse. I'd gladly welcome the car back.)
bobH is offline   Reply With Quote
Old 10-17-2021, 12:23 PM   #26
Crankster
Senior Member
 
Crankster's Avatar
 
Join Date: Oct 2017
Posts: 563
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
Larger bills started being removed from circulation in the 60s ($500 and $1000). I think as we get older at some point we tend to sort of lock in prices, or what we think something "should" cost. Dad told me cigarettes were a nickel a pack (from ships stores) in the Navy. I think maybe a dime in the civilian market. I recall soda from a vending machine was $.50 for quite a while.

A $100 note used to be called "Alaska Ten" up there, now I know how they felt. The Euro is issued in €500 which is at least realistic.
Crankster is offline   Reply With Quote
Old 10-17-2021, 04:14 PM   #27
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Crankster View Post
I recall soda from a vending machine was $.50 for quite a while.

That's funny....you must be a young 'un! I remember when the Coke machines were 5¢, and then again when they went up to 6¢....a nickel and a penny! DD
.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-17-2021, 04:23 PM   #28
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Crankster View Post

Larger bills started being removed from circulation in the 60s ($500 and $1000).

I still remember at the Pate Swap Meet in Texas about 1981, a guy counting-off 13 $1,000 bills for a car he was purchasing. I remember there was quite a crowd watching this transaction take place. DD
.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-17-2021, 05:09 PM   #29
Merc Cruzer
Senior Member
 
Merc Cruzer's Avatar
 
Join Date: Jul 2010
Location: Conifer, Colorado
Posts: 2,420
Default Re: Accepting cash for car sale

Quote:
Originally Posted by V8COOPMAN View Post
That's funny....you must be a young 'un! I remember when the Coke machines were 5¢, and then again when they went up to 6¢....a nickel and a penny! DD
.
I still have a slider in the 50's room downstairs. - .10 for a soda. Stays cold all the time.
Attached Images
File Type: jpg Glasco Coin box 1.jpg (32.9 KB, 19 views)
File Type: jpg Glasco50070.jpg (59.0 KB, 18 views)
File Type: jpg Glasco50071.jpg (73.7 KB, 22 views)
File Type: jpg Glasco50068.jpg (41.8 KB, 20 views)
File Type: jpg Glasco50069.jpg (52.6 KB, 17 views)
Merc Cruzer is offline   Reply With Quote
Old 10-17-2021, 05:48 PM   #30
tubman
Senior Member
 
tubman's Avatar
 
Join Date: Dec 2013
Location: Minnesota, Florida Keys
Posts: 10,259
Default Re: Accepting cash for car sale

When we were kids, we really liked sliders. They kept them outside of gas stations where we lived. A dark night, a modified bottle opener, and a long tube was all we needed. I think they were 10 cents, but since we never paid, I can't be sure.
tubman is offline   Reply With Quote
Old 10-17-2021, 06:53 PM   #31
ford38v8
Senior Member
 
ford38v8's Avatar
 
Join Date: Jul 2011
Location: SF Bay Area
Posts: 6,616
Default Re: Accepting cash for car sale

As a paperboy in the early 50’s (Oakland Tribune), I remember we had a nickel upright Coke machine that replaced a slider box that we could wiggle out free bottles at cost of painfully cold fingers! No machine colder than a slider!
PS- yes, we were lucky to have a 4 car garage paper shack!
__________________
Alan
ford38v8 is offline   Reply With Quote
Old 10-17-2021, 10:00 PM   #32
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

In the 80's I tried to get a 1000 dollar bill at the bank. At that time they were still available, but you had to fill out some papers to get one. sadly, I declined
cas3 is offline   Reply With Quote
Old 10-18-2021, 06:22 AM   #33
Frank Miller
Senior Member
 
Frank Miller's Avatar
 
Join Date: May 2010
Location: Auburn, MA
Posts: 2,106
Default Re: Accepting cash for car sale

Another problem with cash is if a policeman sees you with it and they do not like your story they can confiscate it. Sounds crazy bu true.
https://www.nbcnews.com/news/us-news...g-all-n1281629
__________________
“The technique of infamy is to start two lies at once and get people arguing heatedly over which is true.” ~ Ezra Pound
Frank Miller is offline   Reply With Quote
Old 10-18-2021, 07:51 AM   #34
Oldbluoval
Senior Member
 
Oldbluoval's Avatar
 
Join Date: Jun 2015
Location: Signal Mtn, TN (SE TN)
Posts: 2,359
Default Re: Accepting cash for car sale

So keep it in your house??!
Id do a lock box but don’t keep it on premises
Just imho
Oldbluoval is offline   Reply With Quote
Old 10-18-2021, 07:57 AM   #35
Oldbluoval
Senior Member
 
Oldbluoval's Avatar
 
Join Date: Jun 2015
Location: Signal Mtn, TN (SE TN)
Posts: 2,359
Default Re: Accepting cash for car sale

So keep it in your house??!
Id do a lock box but don’t keep it on premises
Just imho
Oldbluoval is offline   Reply With Quote
Old 10-18-2021, 09:33 AM   #36
Krylon32
Senior Member
 
Join Date: May 2010
Posts: 4,429
Default Re: Accepting cash for car sale

I've sold dozens of cars and have been paid by several means, almost never cash. Recently I had very young quick stop cashier try to keep a $50 bill as counter fit because it was so old it didn't have the magnetic strip in it. I finally convinced him to give it back and I used a newer bill that made him happy. Cash is still king.
Krylon32 is offline   Reply With Quote
Old 10-18-2021, 11:42 PM   #37
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Well no better way to launder money then buying things or going to the casino. 10s and 20$ are interesting.

Probably could have gotten multiple cash money orders too, to create a buffer.

Hey, every time a guy with 90k in cash with 10/20$ hands it over I never worry. haha I'm sure it's fine and won't come back. Banks like money. Less this guy gets pinched later or you fan it out on Instagram or a post on forum. Even then they get the car. You are above board. It would make me uncomfortable, but what has ever happened if the irs gets involved.

I tried pulling 14k cash out of a account to buy a car and you would have thought I was stealing my own money. Only after, didn't want to get pulled over with that cash either driving to ohio and get it taken for no reason other then it was there. Just having the obligation of proving it's mine to get it back. It all was fine.


I would never keep large amounts of cash under your mattress. Besides a fire, anything can happen. Plus you can't make any money on your money. Bezos could live comfortable on the interest he makes on a basic savings account at 5%. Well you wouldn't be able to pretend to go to space (Know he has never been to space, space adjacent yes, but not space).


.

Last edited by Tinker; 10-19-2021 at 01:20 AM.
Tinker is offline   Reply With Quote
Old 10-19-2021, 01:48 AM   #38
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Tinker View Post
Well no better way to launder money then buying things or going to the casino. 10s and 20$ are interesting.

Probably could have gotten multiple cash money orders too, to create a buffer.

Hey, every time a guy with 90k in cash with 10/20$ hands it over I never worry. haha I'm sure it's fine and won't come back. Banks like money. Less this guy gets pinched later or you fan it out on Instagram or a post on forum. Even then they get the car. It would make me uncomfortable, but what has ever happened if the irs gets involved.

I tried pulling 14k cash out of a account to buy a car and you would have thought I was stealing my own money. Only after, didn't want to get pulled over with that cash either driving to ohio and get it taken for no reason other then it was there. Just having the obligation of proving it's mine to get it back. It all was fine.


I would never keep large amounts of cash under your mattress. Besides a fire, anything can happen. Plus you can't make any money on your money. Bezos could live comfortable on the interest he makes on a basic savings account at 5%. Well you wouldn't be able to pretend to go to space (Know he has never been to space, space adjacent yes, but not space).

Well Tink ....I'm almost sure that you must have some very special 'things' going-on in your thoughts tonight, and please forgive me if it sounds like I'm "slamming" you in any way, because you often like to whup that one on me when I make a comment.....just ain't so, though! But after reading this equivocal and ambivalent compilation of your hypothetical & personal, remunerative thoughts, I dearly wish that I had a clue about what you were really trying to convey! DD
.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-19-2021, 01:55 AM   #39
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Well Coop It's a interesting concept and thought and I already posted my thoughts. If you want to think I was specifically calling out you on anything I mentioned, it could be up for discussion. If you want to make this about a discussion on you and personal things that's good too. I was commenting on a huge amount of cash. Seems narcissistic or maybe you worry to much about what I post.

Coop I respect you and you are a very smart dude. It's nothing personal ever. But what are you actually saying about banking, my post, or the original post?






.

Last edited by Tinker; 10-19-2021 at 02:38 AM.
Tinker is offline   Reply With Quote
Old 10-19-2021, 03:13 AM   #40
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

If we are talking about economics. There is a reason china want's twain. Chip manufacturing. We make the chip machines in that horrible told CA place. we send there to make chips for now. It's very water intensive. We could send them anywhere... but it'll take 5 yrs to get up and running. I'd say do it now.If you have no idea how a chip is made maybe google it.

ambivalent thought....

and real fact.. California is the fifth largest economy in the world. It's a fact. I like all the other states too. Yes it's not Ohio or any other states. but how they doing? Florida my old state is just a moment away from it. But never there, because its Florida.



When we make corn and farm substitutes in the Midwest, where does that come from?


America is not an island. Never was. Quad alliance

Last edited by Tinker; 10-19-2021 at 04:30 AM.
Tinker is offline   Reply With Quote
Old 10-19-2021, 09:01 AM   #41
Ron Pilger
Senior Member
 
Ron Pilger's Avatar
 
Join Date: May 2010
Location: Camrose, Alberta
Posts: 396
Default Re: Accepting cash for car sale

'Sold a car at the Portland swap meet many years ago for $14,000. We (three car guys) were staying in a not-so-pleasant party of the beautiful City. I didn't want to leave the loot in the hotel room but we needed to go eat. In case we got mugged on the way, we split up the money and each stuffed one- third into our socks, then inside our boots, to head out to a Chinese Food (dump of a) restaurant.
Ron Pilger is offline   Reply With Quote
Old 10-19-2021, 09:17 AM   #42
Charlie ny
BANNED
 
Join Date: May 2010
Posts: 3,019
Default Re: Accepting cash for car sale

If anyone here thinks that all the comments shared on this post are viewed by just us motor heads...you are wrong...
Charlie ny
Charlie ny is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 10-19-2021, 09:27 AM   #43
tubman
Senior Member
 
tubman's Avatar
 
Join Date: Dec 2013
Location: Minnesota, Florida Keys
Posts: 10,259
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Tinker View Post
If we are talking about economics. There is a reason china want's twain. Chip manufacturing. We make the chip machines in that horrible told CA place. we send there to make chips for now. It's very water intensive. We could send them anywhere... but it'll take 5 yrs to get up and running. I'd say do it now.If you have no idea how a chip is made maybe google it.

ambivalent thought....

and real fact.. California is the fifth largest economy in the world. It's a fact. I like all the other states too. Yes it's not Ohio or any other states. but how they doing? Florida my old state is just a moment away from it. But never there, because its Florida.



When we make corn and farm substitutes in the Midwest, where does that come from?


America is not an island. Never was. Quad alliance

Cue the theme from "The Twilight Zone".
tubman is offline   Reply With Quote
Old 10-19-2021, 09:53 AM   #44
3739ford
Senior Member
 
3739ford's Avatar
 
Join Date: Feb 2017
Location: Dothan, AL
Posts: 325
Default Re: Accepting cash for car sale

Quote:
Originally Posted by CA Victoria View Post
Cash can be counted and verified thru the counter & for counterfeit in minutes at a bank.
Thinking cash (large bills) is risk free might be an allusion.
Large cash transactions should be done at the bank and counted/checked first.
Just came from a retail establishment where Security Guard was walking by a Jewerly Store and looked over on the counter and spotted a very well done counterfeit bill. The guy buying the jewelry had a receipt where he got the bills out of an ATM at a gas station. Let me add again it was very, very well done and even had the feel of a real bill. Be really careful taking cash at night.
3739ford is offline   Reply With Quote
Old 10-19-2021, 10:13 AM   #45
AnthonyG
Senior Member
 
AnthonyG's Avatar
 
Join Date: May 2013
Location: Pa.
Posts: 2,161
Default Re: Accepting cash for car sale

Sorry if this was mention & Im repeating. Several types of Biz do significant cash trade with customers. Knowing how greed effects many, people in these Biz’s can’t resist the temptation to play fast & loose even though essentially nice people! Used & classic cars is one. The 8 pm thing is something else! Either the guy was too ignorant even if playing fast & loose but not looking to rip u later that night & had no sense of decorum or was thinking the dirty deed.
__________________
Nomad
AnthonyG is offline   Reply With Quote
Old 10-19-2021, 08:40 PM   #46
Lanny
Senior Member
 
Lanny's Avatar
 
Join Date: May 2010
Location: Mn
Posts: 2,402
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
Quote:
Originally Posted by tubman View Post
Cue the theme from "The Twilight Zone".
=============================================

Good one Denny.......Link below

https://www.youtube.com/watch?v=If3SXJeZzMQ






.
__________________
My Wife Says That I Never Listen to Her,
I Think That's What She Said


If mama ain't happy, ain't nobody happy.
But if daddy ain't happy...RUN
Lanny is offline   Reply With Quote
Old 10-19-2021, 10:09 PM   #47
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Tinker View Post
If we are talking about economics. There is a reason china want's twain. Chip manufacturing. We make the chip machines in that horrible told CA place. we send there to make chips for now. It's very water intensive. We could send them anywhere... but it'll take 5 yrs to get up and running. I'd say do it now.If you have no idea how a chip is made maybe google it.

ambivalent thought....

and real fact.. California is the fifth largest economy in the world. It's a fact. I like all the other states too. Yes it's not Ohio or any other states. but how they doing? Florida my old state is just a moment away from it. But never there, because its Florida.



When we make corn and farm substitutes in the Midwest, where does that come from?


America is not an island. Never was. Quad alliance
Say what???


Babble that again....
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-19-2021, 10:15 PM   #48
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

Maybe it is time to put this thread to rest.
J Franklin is offline   Reply With Quote
Old 10-19-2021, 11:53 PM   #49
tomcarman
Senior Member
 
tomcarman's Avatar
 
Join Date: Feb 2017
Location: Rochester Wa
Posts: 574
Default Re: Accepting cash for car sale

Quote:
Originally Posted by J Franklin View Post
Maybe it is time to put this thread to rest.
My opinion is the OP made a point and was asking how others would have reacted. It got off topic but nonetheless in today's world $87G should be handled by a bank. Especially under the conditions presented.
tomcarman is offline   Reply With Quote
Old 10-20-2021, 08:30 PM   #50
dean333
Senior Member
 
dean333's Avatar
 
Join Date: Jun 2012
Location: Shorewood Illinois
Posts: 854
Send a message via Yahoo to dean333
Default Re: Accepting cash for car sale

$87,000 for an Acura???
__________________
Tim Carlig
dean333 is offline   Reply With Quote
Old 10-20-2021, 10:18 PM   #51
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Quote:
Originally Posted by tomcarman View Post
It got off topic but nonetheless in today's world $87G should be handled by a bank. Especially under the conditions presented.

yep. Only thing more interesting then 90k in cash is a western union transfer. Hard to say now or in a year. Might be totally fine also. 4th quarter taxes are not due till march of next yr.


.

Last edited by Tinker; 10-21-2021 at 12:05 AM.
Tinker is offline   Reply With Quote
Old 10-20-2021, 10:48 PM   #52
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Did I ever tell the story about my grandmother sewing a 20 dollar bill in my moms bra when she went east for college in 39 ?
cas3 is offline   Reply With Quote
Old 10-20-2021, 10:54 PM   #53
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Cas, I'm guessing your Mom had a Seam ripper also...
Attached Images
File Type: jpg Screen Shot 2021-10-20 at 10.52.56 PM.jpg (5.2 KB, 8 views)
Tinker is offline   Reply With Quote
Old 10-21-2021, 08:53 AM   #54
ct1932ford
Senior Member
 
ct1932ford's Avatar
 
Join Date: Oct 2011
Location: CT.
Posts: 596
Default Re: Accepting cash for car sale

Charlie, you are so right!
__________________
A man should do what he thinks best! "The Duke"
ct1932ford is offline   Reply With Quote
Old 10-21-2021, 04:41 PM   #55
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Re: Accepting cash for car sale

Quote:
Originally Posted by dean333 View Post
$87,000 for an Acura???
2003 Acura NSX 9,300 miles recently sold for $200,000

https://acuraconnected.com/2021/10/1...or-200000-usd/
__________________
41 woodie https://41fordwoodie.weebly.com/
mrtexas is offline   Reply With Quote
Old 10-21-2021, 05:54 PM   #56
Anteek29
Senior Member
 
Anteek29's Avatar
 
Join Date: Dec 2014
Location: Santa Maria, CA
Posts: 984
Default Re: Accepting cash for car sale

I transact all vehicle cash sales at my local bank.
__________________
Alan
1929 Special Coupe
1941 Pick-Up
1955 Victoria
Anteek29 is offline   Reply With Quote
Old 10-21-2021, 07:36 PM   #57
McMimmcs
Senior Member
 
McMimmcs's Avatar
 
Join Date: Sep 2019
Location: Fort Gratiot, Michigan
Posts: 2,296
Default Re: Accepting cash for car sale

Quote:
Originally Posted by tomcarman View Post
My opinion is the OP made a point and was asking how others would have reacted. It got off topic but nonetheless in today's world $87G should be handled by a bank. Especially under the conditions presented.
I totally agree ! Wayne
McMimmcs is offline   Reply With Quote
Old 10-21-2021, 07:53 PM   #58
Kube
Senior Member
 
Kube's Avatar
 
Join Date: May 2010
Location: Wisconsin, USA
Posts: 8,935
Default Re: Accepting cash for car sale

Quote:
Originally Posted by V8COOPMAN View Post
Well Tink ....I'm almost sure that you must have some very special 'things' going-on in your thoughts tonight, and please forgive me if it sounds like I'm "slamming" you in any way, because you often like to whup that one on me when I make a comment.....just ain't so, though! But after reading this equivocal and ambivalent compilation of your hypothetical & personal, remunerative thoughts, I dearly wish that I had a clue about what you were really trying to convey! DD
.
Coopman, I stopped reading his posts a long time ago. Attempting to sort them in to anything resembling proper sentences, punctuation, etc. so to be understood... well, it simply was not worth the effort.
And someone (private messaged) told me he's an English professor?
__________________
"I can explain it for you. However, I can't understand it for you".
Kube is offline   Reply With Quote
Old 10-21-2021, 11:12 PM   #59
ford38v8
Senior Member
 
ford38v8's Avatar
 
Join Date: Jul 2011
Location: SF Bay Area
Posts: 6,616
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Kube View Post
Coopman, I stopped reading his posts a long time ago. Attempting to sort them in to anything resembling proper sentences, punctuation, etc. so to be understood... well, it simply was not worth the effort.
And someone (private messaged) told me he's an English professor?

Given the age most of us here have attained, it's a wonder that we converse with even a hint of civility toward each other. Good thing we're Ford guys, they say we're more laid back than some other car collectors.
__________________
Alan
ford38v8 is offline   Reply With Quote
Old 10-21-2021, 11:57 PM   #60
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by ford38v8 View Post
Given the age most of us here have attained, it's a wonder that we converse with even a hint of civility toward each other. Good thing we're Ford guys, they say we're more laid back than some other car collectors.
That's kind'a comical, really. These old Fords are only special in our own heads. Actually, we ain't much more than a bunch of old geezers with a bunch of costly, old used cars. Word! DD

.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-22-2021, 12:36 PM   #61
JKY
Senior Member
 
Join Date: Mar 2020
Posts: 150
Default Re: Accepting cash for car sale

I always take crypto.
JKY is offline   Reply With Quote
Old 10-22-2021, 10:58 PM   #62
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Kube View Post
Coopman, I stopped reading his posts a long time ago. Attempting to sort them in to anything resembling proper sentences, punctuation, etc. so to be understood... well, it simply was not worth the effort.
And someone (private messaged) told me he's an English professor?

The sentences and punctuation is correct. Maybe a few fragmented sentences... There is a bit of my posts that contain some through thought of information that might need to be ingested by the reader. I do agree, that it would be great, if some didn't read my posts.

Last edited by Tinker; 10-22-2021 at 11:52 PM.
Tinker is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 10-23-2021, 09:48 AM   #63
tubman
Senior Member
 
tubman's Avatar
 
Join Date: Dec 2013
Location: Minnesota, Florida Keys
Posts: 10,259
Default Re: Accepting cash for car sale

Uhh... It should be "The sentences and punctuation are correct".
tubman is offline   Reply With Quote
Old 10-23-2021, 10:53 AM   #64
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by tubman View Post
Uhh... It should be "The sentences and punctuation are correct".

__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-23-2021, 11:00 AM   #65
Krylon32
Senior Member
 
Join Date: May 2010
Posts: 4,429
Default Re: Accepting cash for car sale

Remember, sites like this are being monitored by the man. They will be contacting you soon.
Krylon32 is offline   Reply With Quote
Old 10-24-2021, 11:15 PM   #66
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
Quote:
Originally Posted by Krylon32 View Post
Remember, sites like this are being monitored by the man. They will be contacting you soon.

Well I guess they might.

Last edited by Tinker; 10-24-2021 at 11:22 PM.
Tinker is offline   Reply With Quote
Old 10-25-2021, 07:07 AM   #67
Tim Ayers
Senior Member
 
Join Date: May 2010
Location: NJ
Posts: 6,141
Default Re: Accepting cash for car sale

It amazes me when a thread breaks down due to petty nitpicking.

I guess the adage of he who is without sin be the first to throw a stone does not apply here.

I try my best, but I am of the mindset that this is an internet forum and not an academic paper.

Last edited by Tim Ayers; 10-25-2021 at 07:15 AM.
Tim Ayers is offline   Reply With Quote
Old 10-25-2021, 08:46 AM   #68
tubman
Senior Member
 
tubman's Avatar
 
Join Date: Dec 2013
Location: Minnesota, Florida Keys
Posts: 10,259
Default Re: Accepting cash for car sale

You're point is well taken, but I have a REAL problem when obvious erroneous information is presented as being correct.
tubman is offline   Reply With Quote
Old 10-25-2021, 02:09 PM   #69
ford38v8
Senior Member
 
ford38v8's Avatar
 
Join Date: Jul 2011
Location: SF Bay Area
Posts: 6,616
Default Re: Accepting cash for car sale

Quote:
Originally Posted by tubman View Post
You're point is well taken, but I have a REAL problem when obvious erroneous information is presented as being correct.

For some reason, the definition of obvious erroneous information can get very political in the blink of an eye.
__________________
Alan
ford38v8 is offline   Reply With Quote
Old 10-25-2021, 02:24 PM   #70
Kube
Senior Member
 
Kube's Avatar
 
Join Date: May 2010
Location: Wisconsin, USA
Posts: 8,935
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Tinker View Post
The sentences and punctuation is correct. Maybe a few fragmented sentences... There is a bit of my posts that contain some through thought of information that might need to be ingested by the reader. I do agree, that it would be great, if some didn't read my posts.
That "...contain some through thought.." Hmmm, I wonder if this is meant to say "... contain some thorough thought..."?

As far as some folks not reading your posts... Lord knows I do my best to look away. Much like driving by an apartment building on fire. While I attempt to look away, the imagined horror does occasionally get the best of me.
__________________
"I can explain it for you. However, I can't understand it for you".
Kube is offline   Reply With Quote
Old 10-25-2021, 02:32 PM   #71
tubman
Senior Member
 
tubman's Avatar
 
Join Date: Dec 2013
Location: Minnesota, Florida Keys
Posts: 10,259
Default Re: Accepting cash for car sale

Quote:
Originally Posted by ford38v8 View Post
For some reason, the definition of obvious erroneous information can get very political in the blink of an eye.
Not when it comes to English grammar. There are some areas in our lives where the absolute still reigns.
tubman is offline   Reply With Quote
Old 10-25-2021, 06:17 PM   #72
ronn
Senior Member
 
Join Date: Feb 2011
Location: NNNNNNNNJJJJJJJJJJ
Posts: 6,758
Default Re: Accepting cash for car sale

$87,000 for an Acura???





one just sold on BAT for around 110k


you sold cheap...........
ronn is online now   Reply With Quote
Old 10-25-2021, 10:59 PM   #73
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

I hope I can come here to learn about old Fords, and not have English lessons. Blue collar worker all my life, forgot most of what they taught me 60 years ago in school, and dont care. I speak hillbilly just fine, and most folks understand it
cas3 is offline   Reply With Quote
Old 10-25-2021, 11:21 PM   #74
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

Quote:
Originally Posted by cas3 View Post
I hope I can come here to learn about old Fords, and not have English lessons. Blue collar worker all my life, forgot most of what they taught me 60 years ago in school, and dont care. I speak hillbilly just fine, and most folks understand it
Tellin it like it is...Good for you, cas3!
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-25-2021, 11:49 PM   #75
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by cas3 View Post
I hope I can come here to learn about old Fords, and not have English lessons. Blue collar worker all my life, forgot most of what they taught me 60 years ago in school, and dont care. I speak hillbilly just fine, and most folks understand it

cas .....You make a perfect point here! For as long as I remember, when I see one of YOUR posts, I pay attention, as you have always spoken and conveyed your point(s) with clear & concise delivery...enough so that your POINT always seems to be evident, no matter what your education achievements were in the past. The important thing about YOUR posts is that they are usually interesting in content, and you seem to have a way with words such that anyone with half a brain should have NO problem understanding your ideas.

On the other hand, some of the guys are referring to someone that MAY choose to chime-in to many of our threads here, offering comments and ideas that seemingly have little or nothing to do with any sort of reasonable or redeeming value for the posted question. There is not much worse than a new, or inexperienced member asking a legitimate question, only to have someone reply with a bunch of rhetorical BS from the north side of the Twilight Zone. If a "newb" then goes out and spends a bundle based on the BS replies, nobody benefits, and someone is possibly left with an expensive (or even dangerous), ill-deserved end product. Just sayin'! DD
.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-26-2021, 01:54 AM   #76
Randy in ca
Senior Member
 
Randy in ca's Avatar
 
Join Date: May 2010
Posts: 1,628
Default Re: Accepting cash for car sale

Quote:
Originally Posted by ronn View Post
$87,000 for an Acura???


one just sold on BAT for around 110k


you sold cheap...........


This one just went for $200,000

https://acuraconnected.com/2021/10/1...or-200000-usd/


-
Randy in ca is offline   Reply With Quote
Old 10-26-2021, 12:39 PM   #77
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Randy in ca View Post
I always wonder why?
J Franklin is offline   Reply With Quote
Old 10-26-2021, 02:17 PM   #78
petehoovie
Senior Member
 
petehoovie's Avatar
 
Join Date: May 2015
Posts: 7,924
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Randy in ca View Post

9,300-Mile 2003 Acura NSX-T Sells for $200,000 USD
__________________
The only thing nice about being imperfect is the joy it brings to others....

"Silver rings, your butt! Them's washers!"
"We shot our way out of that town for a dollar's worth of steel holes!" - from 'The Wild Bunch' - 1969

https://www.youtube.com/watch?v=7NReUd2_0u0
petehoovie is offline   Reply With Quote
Old 10-26-2021, 04:57 PM   #79
Bill
Senior Member
 
Bill's Avatar
 
Join Date: May 2010
Location: Nova Scotia
Posts: 469
Default Re: Accepting cash for car sale

With respect, I wood rather be seen in my beater 48 woodie wagon...Bill
Bill is offline   Reply With Quote
Old 10-26-2021, 09:40 PM   #80
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Quote:
Originally Posted by V8COOPMAN View Post
If a "newb" then goes out and spends a bundle based on the BS replies, nobody benefits, and someone is possibly left with an expensive (or even dangerous), ill-deserved end product. Just sayin'! DD
.

That's called "what if-ism". Maybe the newb has a brain and reads further. Certainly a lot more information is added.


My thoughts on the op question to this thread was/is near 90k in cash seems suspect. In theory...


This thread has been dead after the 1st page...


.
Tinker is offline   Reply With Quote
Old 10-26-2021, 10:12 PM   #81
dean from bozeman
Senior Member
 
dean from bozeman's Avatar
 
Join Date: May 2010
Location: Bozeman, Montana
Posts: 997
Default Re: Accepting cash for car sale

Cash and especially large sums of cash can make many folks do things that they will regret later.

A bunch of my college friends and I purchased some land. We held on to it for a few years and then put it up for sale. We were offered a crazy amount for it. Cash! They did ask for a receipt that said that they paid considerably less so they wouldn't need to pay taxes. Some in our group said 'Take the money and run'. However, dealing with laundered money means you can run but you can't hide. We said 'No thank you'.

If a person wants something of yours then the deal (in cash) is best done at a bank. If they really want it, they can wait until the bank opens.

__________________________________________________ ______________________

Now as far as those of you who are paranoid of big brother watching.......yes, we are!
dean from bozeman is offline   Reply With Quote
Old 10-27-2021, 01:26 PM   #82
Kube
Senior Member
 
Kube's Avatar
 
Join Date: May 2010
Location: Wisconsin, USA
Posts: 8,935
Default Re: Accepting cash for car sale

Quote:
Originally Posted by cas3 View Post
I hope I can come here to learn about old Fords, and not have English lessons. Blue collar worker all my life, forgot most of what they taught me 60 years ago in school, and dont care. I speak hillbilly just fine, and most folks understand it
My gosh, I pray I never get to the day I no longer care to expand my knowledge. Sad, very sad...
__________________
"I can explain it for you. However, I can't understand it for you".
Kube is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 10-27-2021, 04:01 PM   #83
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

I totally agree Kube, " bad day when you don't learn something new", is one of my favorite old sayings. But... I still don't feel I need to get grammar lessons on the Fordbarn
cas3 is offline   Reply With Quote
Old 10-27-2021, 04:37 PM   #84
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

There is poor grammar and bad grammar. I can live with poor grammar, but bad grammar just confuses the issue.
J Franklin is offline   Reply With Quote
Old 10-27-2021, 04:40 PM   #85
ronn
Senior Member
 
Join Date: Feb 2011
Location: NNNNNNNNJJJJJJJJJJ
Posts: 6,758
Default Re: Accepting cash for car sale

I always wonder why?





its the ferrari of nissans with very low production............. they were expensive new
and the youngsters love them as much as you love your A's.


Dean, there are 2 sides to that coin........ when a model A sells 34 times in its life, must one always pay tax to the state for full price? a rhetorical question that I just happened to circumvent this afternoon myself.........
ronn is online now   Reply With Quote
Old 10-27-2021, 04:50 PM   #86
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
Just think how much tax revenue a lone dollar bill makes in its lifetime!
J Franklin is offline   Reply With Quote
Old 10-27-2021, 05:11 PM   #87
Kube
Senior Member
 
Kube's Avatar
 
Join Date: May 2010
Location: Wisconsin, USA
Posts: 8,935
Default Re: Accepting cash for car sale

Quote:
Originally Posted by cas3 View Post
I totally agree Kube, " bad day when you don't learn something new", is one of my favorite old sayings. But... I still don't feel I need to get grammar lessons on the Fordbarn
With due respect, I must disagree. Knowledge comes often from the most surprising of places.
It never occurred to me to "filter" what I learn, from where and when.
__________________
"I can explain it for you. However, I can't understand it for you".
Kube is offline   Reply With Quote
Old 10-27-2021, 08:21 PM   #88
V8COOPMAN
Senior Member
 
V8COOPMAN's Avatar
 
Join Date: May 2010
Location: East Shore of LAKE HOUSTON
Posts: 11,106
Default Re: Accepting cash for car sale

Quote:
Originally Posted by Kube View Post
With due respect, I must disagree. Knowledge comes often from the most surprising of places.
It never occurred to me to "filter" what I learn, from where and when.
Now THAT is an interesting concept ("filtering" what and where I learn), a concept which never crossed my mind. In other words, deciding to come HERE for some old Ford learnin', but I'll be damned if anyone's gonna show me how confusing my continued use of "dangling participles" can be! If my participles ever do dangle, I MAY not enjoy having them pointed-out to me, but to ignore what is obvious to the intelligent masses is being closed-minded (what I refer to as "conveniently-ignorant") on my part. But what do I know? DD
.
__________________
Click Links Below __


'35-'36 W/8BA & MECHANICAL FAN


T5 W/TORQUE TUBE
V8COOPMAN is offline   Reply With Quote
Old 10-27-2021, 09:58 PM   #89
ford38v8
Senior Member
 
ford38v8's Avatar
 
Join Date: Jul 2011
Location: SF Bay Area
Posts: 6,616
Default Re: Accepting cash for car sale

Insufficiently educated, my participles dangled happily in my youth. Cute girls don’t care how they hang now, so they don’t get out much anymore.
__________________
Alan
ford38v8 is offline   Reply With Quote
Old 10-28-2021, 12:20 AM   #90
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Lots of "learnin' goin on in this thread, most of it off topic. I'm ok with that, I like the off topic stuff to keep the forum interesting. First we learned about cash transactions, then other banking methods, and then some IRS info too. then, we veered off to the value of an old accura, which certainly surprised me, and I'm sure most of us old ford guys. It certainly is a sexy lookin thing, reminds me of a Ford GT 40, which I have loved the look ever since they were new. so, I have learned a lot on this thread, until it went even more off coarse, and got to insulting members about they're posts, which, ...yes, I filtered that out as useless knowledge. I was happy with the support, and thought we could get passed all the nonsence, but then it had to brought up again. Boy, that accura sure is a fine lookin car
cas3 is offline   Reply With Quote
Old 10-28-2021, 12:49 AM   #91
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

cas3, right on point. I'll take cash any day as long as I know where to find the giver if I need to.
J Franklin is offline   Reply With Quote
Old 10-29-2021, 01:06 AM   #92
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Cas don't forget the mention of Bitcoin. The international of shady shit. The new currency official of El Salvador. I don't like to say anything bad about El Salvador as my adopted 3 yr old sister was from there (she pasted here when she was 17 in a car accident. miss her greatly).


Hope I didn't spell anything wrong or my "grammer".


I realize grammar is spelled wrong, but that should add at least another page of nonsense about nothing that matters.... really it's quite myopic.

Last edited by Tinker; 10-29-2021 at 01:43 AM.
Tinker is offline   Reply With Quote
Old 10-29-2021, 02:29 AM   #93
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Quote:
Originally Posted by ronn View Post
Dean, there are 2 sides to that coin........ when a model A sells 34 times in its life, must one always pay tax to the state for full price? a rhetorical question that I just happened to circumvent this afternoon myself.........

I have always thought this also. It's a sale between individuals. But shouldn't the tax be limited to the person that made adjusted "profit" at the very least (double taxation). Things do appreciate in value. As an individual we can't write off a purchase of an asset. When we sell it, its not just a sale. If you bought it under a LLC you could write a lot of the profit off creatively ((like storage, upkeep, ect) if all is under the umbrella of the llc), much more protect for companies then the individual here. But anyone can create a LLC if you pay the registration and file the taxes. It's not wrong. Personally as an individual it would be a gain and claimed or not claimed income to the seller. Not to the purchaser. But then there is always tax, tag, and title. Probably just a lawyer and judicial arena for someone that has deep pockets. SEMA has done a good job in that area for aftermarket parts and old cars. The irs is backlogged to around 2016, but they have a memory and the paperwork.



If i was selling duck boat for 900$ cash I might be okay with it. 90k in cash will be hard to explain.


Probably best to ask your accountant or H&R block and not here. What we think is right may not be the law. No matter how f'd it might seem.

Last edited by Tinker; 10-29-2021 at 03:19 AM.
Tinker is offline   Reply With Quote
Old 10-29-2021, 03:05 AM   #94
ford38v8
Senior Member
 
ford38v8's Avatar
 
Join Date: Jul 2011
Location: SF Bay Area
Posts: 6,616
Default Re: Accepting cash for car sale

Tinker, you’re making some purty good cents now.
__________________
Alan
ford38v8 is offline   Reply With Quote
Old 10-29-2021, 03:25 AM   #95
Tinker
Senior Member
 
Tinker's Avatar
 
Join Date: May 2010
Location: MN
Posts: 7,053
Default Re: Accepting cash for car sale

Keep it above board the best you can and you'll probably have no worries.
Tinker is offline   Reply With Quote
Old 10-31-2021, 10:02 AM   #96
trulyvintage
Senior Member
 
trulyvintage's Avatar
 
Join Date: May 2010
Location: Direct Enclosed Transport Since 2006
Posts: 4,129
Lightbulb Re: Accepting cash for car sale

Quote:
Originally Posted by mrtexas View Post
Had a very interesting experience tonight Friday night at 8pm trying selling an expensive car, not a Ford v8 BTW but still a collector's car. A guy drove 300 miles to my house and we agreed on a sales price of $87,500, about 20% more than I paid a year ago. He then wanted to hand me cash and take the title and the car right on the spot.

I told him I wasn't comfortable taking $87,500 cash (at night from someone I don't know). I said I'd gladly accept cash delivered to my credit union(counted and verified by them) during business hours.

The guy brought an experienced mechanic with him and he inspected the car up on my lift and I learned a few things about the car I didn't know.

I don't know what to think about where all that cash came from.

What do you think?
You agreed to the meeting time and place.

The prospective buyer brought a mechanic to check
out the car along with the cash to buy it.

Where he got the cash is none of your business.


Jim
trulyvintage is offline   Reply With Quote
Old 10-31-2021, 11:06 AM   #97
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

Quote:
Originally Posted by trulyvintage View Post
You agreed to the meeting time and place.

The prospective buyer brought a mechanic to check
out the car along with the cash to buy it.

Where he got the cash is none of your business.


Jim
Really the only thing to worry a seller is what is offered. Is it cash or printed paper? This is where the bank can help.
J Franklin is offline   Reply With Quote
Old 10-31-2021, 01:45 PM   #98
trulyvintage
Senior Member
 
trulyvintage's Avatar
 
Join Date: May 2010
Location: Direct Enclosed Transport Since 2006
Posts: 4,129
Lightbulb Re: Accepting cash for car sale

Quote:
Originally Posted by J Franklin View Post
Really the only thing to worry a seller is what is offered. Is it cash or printed paper? This is where the bank can help.
Then the Seller should have set the meeting at the bank
if accepting cash was a concern.

A prospective buyer would be more likely to
try and pay with a forged cashiers check
than counterfeit money.

The Seller agreed to the time & place
for a prospective buyer who drove
300 miles ….


Jim
trulyvintage is offline   Reply With Quote
Old 11-02-2021, 09:07 AM   #99
AnthonyG
Senior Member
 
AnthonyG's Avatar
 
Join Date: May 2013
Location: Pa.
Posts: 2,161
Default Re: Accepting cash for car sale

Not sure if it’s been covered as scanning thru this thread is like reading War & Peace, LOL. The seller knew he was looking for a large $ number, as the 87,000 @ night offered more potential for counterfeit or fowl play later in the evening, why set the meeting up that late. During business hours should have been ‘the obvious’, offering a higher degree of security & more choices that didn’t exist @ 8pm.
__________________
Nomad
AnthonyG is offline   Reply With Quote
Old 11-02-2021, 11:45 AM   #100
J Franklin
Senior Member
 
J Franklin's Avatar
 
Join Date: May 2010
Location: Oregon
Posts: 5,946
Default Re: Accepting cash for car sale

Quote:
Originally Posted by AnthonyG View Post
Not sure if it’s been covered as scanning thru this thread is like reading War & Peace, LOL. The seller knew he was looking for a large $ number, as the 87,000 @ night offered more potential for counterfeit or fowl play later in the evening, why set the meeting up that late. During business hours should have been ‘the obvious’, offering a higher degree of security & more choices that didn’t exist @ 8pm.
Now you're bringing logic into this. Shame on you!
J Franklin is offline   Reply With Quote
Old 11-02-2021, 07:25 PM   #101
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Re: Accepting cash for car sale

Quote:
Originally Posted by J Franklin View Post
I always wonder why?
That 2005 Acura NSX had only 9.3k miles. My 2002 had 67k

BTW buying another car on Thursday. Will fly into Little Rock,
meet the guy at Chase bank and hand him a cashiers check
issued by the bank right then so I will get the car and the title then.

Bought a car last week (bet you never have seen an Autozam AZ1 right hand drive with a 3 cylinder motorcycle engine, Japanese domestic market Kei car), flew to Tennessee and handed the seller a cashier's check. He waited 3 days before releasing the car too me. I suggested he call Chase Bank and verify the check was OK. I suspect his bank made him wait 3 days to get the money. But oh well, he has the car and I have the title so he will release it tomorrow to the shippers.

Oh well, back to 8 cars. Was down to 6 last week.
Attached Images
File Type: jpg 251109914_3211178999161190_6534533093810366239_n.jpg (83.3 KB, 24 views)
__________________
41 woodie https://41fordwoodie.weebly.com/

Last edited by mrtexas; 11-02-2021 at 11:02 PM.
mrtexas is offline   Reply With Quote
Old 11-02-2021, 08:18 PM   #102
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Thats a cute lookin little thing, how much MPG does it get? I used to have a 1971 honda Z600 coupe. Fun little car, not much bigger than a golf cart. The little cars were outlawed for US import because they failed the 72 safety test, so next up was the first Civic. In Japan the small cars are kie class (like key) because the fall into a small weight class, and they still, and have always been made, just imported here. Most all the Japanese car makers build them, and the new ones are very cool, high mileage, and sporty too. Musician Eric Clapton drives a sporty lookin Nissan I believe.
cas3 is offline   Reply With Quote
Sponsored Links (Register now to hide all advertisements)
Old 11-02-2021, 08:31 PM   #103
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Before we get shut down for talkin about them "furrin jobs" I'll gladly take this opportunity to boast about my daily driver for the summer months 1991 Honda CRX HF. The HF stands for "high fuel", which it does, 55 MPG on the highway, bone stock. Clean AZ car I've had for about 12 years and finally just got around to giving it a face lift this spring as the AZ sun had burnt off the paint on the roof, and one side that was always parked into the sun. I also put on a trailer hitch to haul my 1947 Modernistic camper, but that was failure I found after about a 1500 mile trip, the little car was not quite up the the task
Attached Images
File Type: jpg IMG_0818.JPG (110.6 KB, 27 views)
File Type: jpg IMG_0854.JPG (143.1 KB, 31 views)
File Type: jpg IMG_0865.JPG (139.6 KB, 32 views)

Last edited by cas3; 11-02-2021 at 08:32 PM. Reason: spelling
cas3 is offline   Reply With Quote
Old 11-02-2021, 08:58 PM   #104
VeryTangled
Senior Member
 
VeryTangled's Avatar
 
Join Date: May 2010
Location: (Not far enough...) Outside of DC
Posts: 3,386
Default Re: Accepting cash for car sale

https://youtu.be/tn-Z5FHXcBA

25 minutes of description of the AZ1. Not altogether repulsive.
__________________
-Jeff H

Have you thought about supporting the Early Ford V-8 Foundation Museum?
VeryTangled is offline   Reply With Quote
Old 11-02-2021, 11:04 PM   #105
mrtexas
Senior Member
 
mrtexas's Avatar
 
Join Date: May 2010
Location: Sugar Land, TX
Posts: 4,393
Default Re: Accepting cash for car sale

Quote:
Originally Posted by cas3 View Post
Thats a cute lookin little thing, how much MPG does it get? I used to have a 1971 honda Z600 coupe. Fun little car, not much bigger than a golf cart. The little cars were outlawed for US import because they failed the 72 safety test, so next up was the first Civic. In Japan the small cars are kie class (like key) because the fall into a small weight class, and they still, and have always been made, just imported here. Most all the Japanese car makers build them, and the new ones are very cool, high mileage, and sporty too. Musician Eric Clapton drives a sporty lookin Nissan I believe.
Don't know about the MPG. Car has been modded to get the turbo boost up from 7 to 20 psi!
__________________
41 woodie https://41fordwoodie.weebly.com/
mrtexas is offline   Reply With Quote
Old 11-03-2021, 09:44 AM   #106
GB SISSON
Senior Member
 
GB SISSON's Avatar
 
Join Date: Jan 2014
Location: Orcas Island Washington
Posts: 4,843
Default Re: Accepting cash for car sale

Sponsored Links (Register now to hide all advertisements)
Quote:
Originally Posted by cas3 View Post
Before we get shut down for talkin about them "furrin jobs" I'll gladly take this opportunity to boast about my daily driver for the summer months 1991 Honda CRX HF. The HF stands for "high fuel", which it does, 55 MPG on the highway, bone stock. Clean AZ car I've had for about 12 years and finally just got around to giving it a face lift this spring as the AZ sun had burnt off the paint on the roof, and one side that was always parked into the sun. I also put on a trailer hitch to haul my 1947 Modernistic camper, but that was failure I found after about a 1500 mile trip, the little car was not quite up the the task
I really like your scene you got there!
__________________
Owner/Operator of 'Jailbar Ranch' on the side of Mt. Pickett. Current stable consists of 1946 1/2 ton pickup turned woodie wagon with FH V8, 1947 Tonner Pickup (red) mostly stock with exception of a cummins 6at turbo diesel, 1946 Tonner Pickup (green) with 226 cu in 6 cyl flathead, 1979 Toyota landcruiser wagon, completely encased in 1947 Ford Jailbar sheet metal. Ok, cornbinder rear fenders..... 'Rusty ol' floorboards, hot on their feet' (Alan Jackson)
GB SISSON is offline   Reply With Quote
Old 11-03-2021, 10:18 AM   #107
cas3
Senior Member
 
Join Date: Jan 2011
Location: sw minnesota
Posts: 4,541
Default Re: Accepting cash for car sale

Thanks GB! Weeds took over the place this summer as I sat out with a broken leg for much of it. The place looked abandoned ! Now still a slight limp, but able to do whatever I want again, walking is really a good thing !
cas3 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Sponsored Links (Register now to hide all advertisements)


All times are GMT -5. The time now is 04:10 AM.