[jandrese]

When talking to the dealer at Carmax (which is large and theoretically reputable as far as car dealerships go) he said it wasn't that uncommon for people to pull out rolls of $100s and pay for cars in cash. He told us a story that implied the money was not from above board income, given the way the guy and his supposed wife was dressed and how they acted. Had no problem selling them a Caddy.

I dunno if there is some alternative verification that happens as part of the process, but he didn't make it sound like it.

[Cw67NTN8F]

Bottom line is that they want the sale. So they have figured a system where they do it x% of the time and get away with it. Maybe they place a part of the cash with another car transaction?

In theory all transactions above $10k in cash must be declared, but penalties are only if you get caught and bonus time /end of qtr is 18 days away.

[jandrese]

Come to think of it, I wonder if the "wife" was there solely to put her name on the transaction so if the feds come knocking it would be her name that they put on the warrant?

[a2tech]

My dad until recently has bought new vehicles every few years in cash.

Probably the most cash I've ever seen at once was when we bought a chunk of property in cash-we took a paper grocery sack full of cash to the real estate agency. You could tell they'd never seen that much cash in person.