Isn't there some legal thing about a legal business, accepting cash over $10,000 for a purchase of anything?.,,

 

Yeah, somebody posted that above.

 

If I was dealership owner and someone whipped out their check book I'd close the deal, put them in my car, drive them to the bank and we'd walk out with a bag full of cash. THEN they could ring that stupid bell or whatever else they do in dealerships.

 

I agree. I have financed. In 1981 I bought a new Honda 750 and financed it. Since then if I can't afford it I don't buy it. Same with cars. Save your money before you want one and the bank pay you interest instead of the other way around. When it comes to negotiating, money talks and BS walks! On my current bike a 2012 Roadglide. I made an offer on it and the dealer would not bite on my offer. I made it again the following week, same offer. I left and 4 weeks later the dealer called and said if the offer was still good I could come by and pick up the bike.

 

They can and will still accept cash. However, they must report it to the Federal Gvt. Uncle Sam is worried you may be spending drug money of otherwise illegally gained and untaxed. If you are pulling it out of a savings account for the purpose of a big purchase the bank will report it and the dealer will report it abut there is a trail of legitimacy. No problem!

 

I bought a new car and a new bike in the last year for my retirement presents. I wish they would have let me use credits cards for almost $80k worth of points but but had a max of $5k on both which I did. I actually financed the bike so I could ride it home that day, as I didn't have $32k in my wallet or checking. I paid it off a month later. I paid with a personal check for the balance on the car because I had to wait 2 months for it to be delivered and had time to transfer money around. That is the only check I have written in a LONG time.

 

Hmmm, the last boat I sold the buyer pulled the money out of the safe in his house (6 figures). I turned around and used that cash to buy a car at a dealership. I was never contacted about where I got the cash.

 

I was out of town and forgot my phone charger. Found one at a kiosk in the mall, and they wouldn't take cash. I was told that's becoming common.

 

That wasn't the part that got me. You own outright 2 new Harleys, and you don't carry full coverage, because theft doesn't happen where you live?

 

Oh, no . . . I was going to stop responding to this thread, because apparently I'm puffing my chest, or something like that (and if you knew me, you'd know that's not me at all . . .)

No, I do NOT do my part to support insurance companies. I subscribe to the philosophy "If you can afford the loss, don't insure". I cannot (comfortably) afford the loss of my house, so it is properly insured. Theft of Harleys is not especially likely here, particularly in my locked garage. I do not park them anywhere at night. I ride a lot, but don't stop all that much.

Yes, someone could steal one of them. Or both of them. I would be very unhappy with that, but it wouldn't kill me financially.

The flip side of this is that I've done this for almost all the years I've owned cars and motorcycles (1976) and the ONLY loss I've suffered was when someone broke into my 1981 Volvo and damaged it. Cost me $400 out of pocket. Considering the thousands of dollars I would have spent on insurance coverage on the MANY vehicles I've owned since then, I've come out WAY ahead. Pretty sure I could replace my 2017 RGU with the money I didn't spend.

You could be right. My garage might burn to the ground tonight . . . Hope not.