Desited to sell my mustangs and get one nice 50's car but I want some thing done was thinking of going to the turkey run but not shear how to buy one at a show do you need to have cash or will they take a check bin there 3 time but never bout a car thare Thanks FETT If this is in to wrong place sorry still trying to find my way around
Most people would probably accept a cash down payment to hold it. When i bought my shoebox in Austin couple of years ago he even took a personal $500 check to hold it , then wired the rest of the money to him when i got home and arranged transportation.
When away from home and nobody knows you always have enough cash for a down payment,but that don't always work. A friend of mine gave a guy cash down payment on a 33 ford and called him when he got home to arrange a time and place to pick up the car and finialize payment,,the car was in Virginia and he was in South Carolina. The seller told my friend he was going to send him his money back because someone else uped the sale price after he had left,,,sometimes a handshake ain't enough. Get a line of credit from your back lined up and you and the seller go to a brach of that back with the information and they will do the paper work and you won't have to carry a large sum of cash around in your pocket. Then again,,you would be suprised just how many guys do! HRP
The banks will be closed for the entire weekend except possibly Friday. I'd go with the cash and a bodyguard.
CASH $$$ No one has to know you have the money until ... it is time to pay. Dress like you normally would and have the ca$h hidden in your car or another safe place. Do not tell folks you are packing the green. Last 4 vehicles I bought, I paid with stacks of one hundred dollar bills. 32 3W coupe ( steel car ) 40 Ford coupe Cadillac DTS for the wife Harley Davidson " Deuce " FXSTDI motorcycle. Prices ranged from the low teens to the high 30's CA$H is ... KING
Any cash purchase over $10,000 must be reported to the IRS using the proper form. I just googled "cash purchases over $10,000" and got the pertinent IRS webpage. The minimum penalty for failing to file the proper form is $25,000 and can go up to $250,000 for individuals and $500,000 for corporations, plus up to five years in prison. www.irs.gov/pub/irs-pdf/f8300.pdf
When I sold my car at Goodguys, the guy paid me $3000 in cash, then showed up at the house with another 25K in cash.........worked out fine. As a seller, have one of those pens to check for phony bills.
I would be totally surprised IF anyone that ever bought a car over $10,000 reported the purchase to the IRS...CASH talks, everyone else, including the IRS- walks...!!! R-
if you're staying at a real hotel, keep the 'big bills' in the safety deposit box at the front desk. go back to the hotel and finalize the deal. any problems will be recorded on the hotel's security camera. btw, if you are carrying a bunch of money, you shouldn't be staying in some fleabag flop house...
Hi FETT, don't know what type, or how nice a car you're looking for, but you might check CL Atlanta. There's a running and driving '51 Ford 2-dr listed from right there in Milledgeville. The car appears to be an old kustom with '57 Ford Custom 300 rear quarters, work done to the headlights, and a really ugly homemade tube grille. The listing says it is sbc powered with auto trans. Looks kinda funky, but for a 3500 asking price, it might be a real deal. Probably worth a look since it is right there at home.
So, have you checked out the rides in the For Sale section here? What type of car are you looking for? Take a friend along that really knows cars to help check it out. Just because it looks cool does not mean it any good or not. Do not buy without looking all over it, driving it, seeing any paper work on it, etc. If you have any doubts just walk away. Do not get pressured by seller, or yourself, into buying something. Will always be something else. Cash is King right now with so many in big debt.
Cash is King out of the fanny pack in front of you or the hotel safe! The seller better have the title in his hand also or take a hike.
What everyone doesnt do that?? they do look at you funny if you get your pockets mixed up at the grocery store though
Seems like the prices are jacked up at the big shows like that....It doesn't hurt to look, but I wouldn't go down there with the intention of bringing home a bargain.
Had a brain fart and deposited 12 large in my local bank and spent 15 minutes doing the paper work! Cash down and a bank or brokerage house wire transfer is the only sure way to go. My banker told me that more and more phony cashier's checks are turning up.
i want some thing nice as close to 100 % as i can get thats why i asked i'd feal Paranoid walking around with 30,000 in my pockit i know all the cars around here i dont want any of them cickin wire and bondo the storys i could tell you
My brother bought a nice 56 olds at the Turkey run last year. Lots of stuff is way stupidly overpriced as people bring cars that they don't care to sell or "test the waters". Others bring a few cars and it's easier to take less than drag them all back home. ANYWAY, We saw the car at the evening cruise first night, thoroughly checked it out and drove it next evening in the light. Bought it with cash, called our insurance company friday morning, and scouted shippers -- there are plenty there, also we found that some vendors have tractor trailers with room to bring a car after their weekend sales. Found a guy from North Jersey who delivered the car to my brother's house for $750
I am always on the lookout and usually have enough cash on hand for a down payment. If the person you are buying from seems honest and trustworthy, then leave a downpaymnet and expect a handshake and/or a handwritten note to be better than a contract. Personally, I don't like buying at a show...not enough privacy to really look things over, hard to gain the sellers undivided attention, too many other "buyers" that keep the prices high and the difficulty of getting a fair test drive. I agree with one of the earlier posts that the classifieds, etc. are a better place to buy
I would never except anything but green cash from a buyer nowdays and yes I also have one of those pens. Cash talks, bullshit walks, and when your telling the seller that you'll buy the car right then and there for cash you WILL get a better deal then the seller having to take the chance in taking your deposit and you forfilling the transaction at a later date. Besides if I drag a car to a show and I'm serious about sell the last thing I want to do is haul it home. Cash baby, no doubt about it.
I have found that at the Daytona Thanksgiving event ... Folks there trying to SELL ... as a general rule ... are far more serious about selling, than other events. It is the LAST big event for 4 or 5 months for most folks on the East Coast ... and sellers who want to SELL ... get right ... with the price ... a lot easier than other places I have been. They do not want to take it HOME. Another factor is at the Turkey Run ... there will be another couple hundred cars there for sale. In today's economy ... it is a BUYERS market. NOT a bunch of folks looking to spend a fairly large amount of ca$h ... on a vehicle that most cannot finance. Sellers ... serious ones ... will take the time to show the vehicle and talk. IF NOT ... you most likely would not be HAPPY with what they are selling ... once you got it home Just my opinion ... Your results may vary
ive sold plenty of cars. most people that i have delt with have just brought cash or a cashiers check. the 56 i sold he brought 10g in cash and the rest in check . we went to my bank and made sure it would go through first tho. cash is always a way to go
The Jalopy Journal
