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Old 11-24-2013, 08:51 PM   #31
steveWFL
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winning thread right here
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Old 11-25-2013, 05:15 AM   #32
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Quote:
Originally Posted by TheDrifter View Post
Wow, you'd think, like, no one has ever handled cash before.


Seems like pretty much any topic these days brings out the Tin Foil hat crowd from all extremes of the spectrum

Bottom line, cash is dangerous, the government is tracking it, and you, at all times. Screw common sense precautions, best to stay at home under the covers, preferably with Mommy. If you do have to go out, only do so when heavily armed
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Old 11-25-2013, 06:22 AM   #33
max384
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Quote:
Originally Posted by TheDrifter View Post
Wow, you'd think, like, no one has ever handled cash before.


Wow, you'd think, like, no one has ever been robbed buying a motorcycle before.

What a useful comment you've brought to this discussion.
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Old 11-25-2013, 06:30 AM   #34
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Quote:
Originally Posted by max384 View Post
Wow, you'd think, like, no one has ever been robbed buying a motorcycle before.

What a useful comment you've brought to this discussion.


People get robbed buying burritos. People get robbed doing all sorts of things.
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Old 11-25-2013, 06:37 AM   #35
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People get robbed buying burritos. People get robbed doing all sorts of things.
I agree. People get robbed doing lots of things. However, people generally aren't carrying $10k in cash with them to buy burritos. Hence, why the OP started the thread.

Not sure why some people like to come in and thread-shit. It seems to me that the OP got a lot of good advice on alternatives to bringing a large wad of cash.
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Old 11-25-2013, 06:41 AM   #36
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Wow, you'd think, like, no one has ever been robbed buying a motorcycle before.

What a useful comment you've brought to this discussion.
I doubt very many people have been robbed while buying a M/C but it can happen and I'm sure it has happened. The odds are with you as most people don't get robbed buying a M/C.
BTW I will buy a bike using a bank check if that is the way that a seller wants, but I will not take a bank check (or any kind of check) if I'm selling. There are to many good printers that can make a bogus check. When selling, I take cash or a bank to bank wire transfer only.
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Old 11-25-2013, 06:50 AM   #37
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same precautions as buying/selling anything with cash/cashiers check from a stranger. meet at public place, bring a friend (and your carry perhaps?)

I picked this up with a little cash yesterday. after seller discussed the bike with me for a while, texted a copy of the title, etc etc I wasn't even worried about meeting him. hmmmm still we avoided meeting in a dark foggy alley at midnight to do the gig

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Old 11-25-2013, 06:54 AM   #38
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I doubt very many people have been robbed while buying a M/C but it can happen and I'm sure it has happened. The odds are with you as most people don't get robbed buying a M/C.
BTW I will buy a bike using a bank check if that is the way that a seller wants, but I will not take a bank check (or any kind of check) if I'm selling. There are to many good printers that can make a bogus check. When selling, I take cash or a bank to bank wire transfer only.
Fortunately the odds are with us for nearly anything we do in terms of being a victim of crime. However, it still doesn't hurt to take some precautions. But, really the only reason I even responded is because thread-shitters annoy the hell out of me.
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Old 11-25-2013, 07:35 AM   #39
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Use your debit card.

I bought a car from a private seller using my debit card at his bank. Went into his bank. Handed my debit card to the teller and requested the cash from my checking account. Swipe, biff, bam, badda-bing. Done deal. It was an unsual transaction request for the teller. She called the manager to the desk and she made it happen. Paid the bank a small % for a $ transfer fee. Worked out well. Got a nice car too.
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Old 11-25-2013, 07:41 AM   #40
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I just bought a car for $2,700 for my son to drive. My banking in online-only, so I went to the ATM several times. That was a lot of $20 bills.
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Old 11-25-2013, 07:49 AM   #41
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Originally Posted by TheDrifter View Post
Do you have a link?

I *heard* (but haven't tracked down any verifiable source) that somewhere there was a 10k limit for *interstate* transfer of cash funds as well.

Only solid info I can track down is on international requirements.
NO. If I give you 100K in cash as payment for an item or service it's perfectly legal tender. Nobody else is involved. If you DEPOSIT a penny over 10,000 in one transaction at an FDIC insured institution you are required to file a report with the IRS. Actually the bank will do if for you.
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Old 11-25-2013, 07:55 AM   #42
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Cash is disliked by govt because it's hard to track.

I suggest looking up "money laundering" and what the cash limits at banks are. The bank has to report large cash transactions.

This stuff didn't used to matter in the country I grew up in.
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Old 11-25-2013, 08:03 AM   #43
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This stuff didn't used to matter in the country I grew up in.
It's not exactly new. Dates back to 1970 in the US.
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Old 11-25-2013, 08:08 AM   #44
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Cash can be lost or stolen. If a thief runs off with a cashier's check made out to somebody else, I think he's going to have a hard time cashing it. If the "seller" holds you up, you should have a better chance of getting your money back.
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Old 11-25-2013, 08:17 AM   #45
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A dealer will be happy to accept a cash deposit on a sale pending your return with the full cash payment.

Cashiers checks are getting counterfeited. Either the good looking check is on a non-existent bank, or it is a fake check on a real bank. Your bank might accept this as any deposit subject to seeing if it bounces. If it bounces, the seller is stuck. I would only accept a cashiers check if it is on a bank with a branch in my town, and we can confirm that the check is good as part of the deal. Check and see if your bank can immediately confirm a check from another bank.

I like the idea of a bank transfer, credit union transfer, or debit card withdrawal transfer. The last large cash purchase I made, I had the hundreds in bundles of ten..."Here's the first thousand," and he counted ten, "here's the second thousand," etc. I sold a car and got a bundle of twenties, tens, & fives. It was all there, but counting before closing the deal was a bother and subject to error.
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