Top Geek
Forum Addict
^ Sure, because it's not possible that someone saved it up. Stupid US scare-laws.
A big FYI to Americans: if you pay more than $10,000 in cash, not check, at a car dealership, they are required by law to inform both the IRS and the FBI. this can apply to any large purchase, not just a car.
This sneaky law is intended to keep a tab on organized crime.
^ Sure, because it's not possible that someone saved it up. Stupid US scare-laws.
And what moron uses actual cash rather than checks? That just invites the dealer or salesman to steal some and say you never paid the full amount...
It's the "if you've got nothing to hide, then why not let us invade your privacy?" aspect that I don't like.It's because of the "War on Drugs." If you saved it up, you'll be able to prove you legally earned the money, but if you're a drug dealer, you might have a harder time proving where it came from.
It's just the way it is. Do you consdier it an invasion of privacy when you have to include your work/income papers when you pay your taxes?It's the "if you've got nothing to hide, then why not let us invade your privacy?" aspect that I don't like.
Technically, wrong. Once you pay cash for something, it's all gone. Meaning, you are not able to invest it in something that could (and should) give you something more than the average interest rate. So in fact you are sacrificing this money, by not holding onto it and investing it into something else/profitable. If you lease the car, with a reasonable - not some dealer screw over - interest rate, then you still have a lot of money to invest around, which should bring you more than the interest rate you have to pay extra for your deal. So theoretically, given a reasonable interest rate, it's always better to chose an option where you don't have to give away all your cash at once.From the buyer's point of view, purchasing with cash is probably the most economical; from the seller's point of view, financing or leasing is the best. My dad taught me this principle many many years ago.
Yes, but if I weren't a drug dealer I wouldn't mind. And I happily pay my taxes, after all, you Americans pay so little taxes and duties, you can't complain.A big FYI to Americans: if you pay more than $10,000 in cash, not check, at a car dealership, they are required by law to inform both the IRS and the FBI. this can apply to any large purchase, not just a car.
This sneaky law is intended to keep a tab on organized crime.
I did that to a taxi once. We have Krones in Norway, 1 krone = 100 ?re, and the smallest coin is the 50 ?re. 1 USD is about 6 NOK or something.
It's because of the "War on Drugs." If you saved it up, you'll be able to prove you legally earned the money, but if you're a drug dealer, you might have a harder time proving where it came from.
If there is one over-riding truth in life, it's: You get what you pay for.
A thousand dollar car costs a thousand dollars for a reason.