Paying for special order/ Cash( actual green ) , credit card, regular bank check, combo?
#1
Paying for special order/ Cash( actual green ) , credit card, regular bank check, combo?
Hello,
I'm seeking advice on any, none or some of the following.
I'm about to go pickup my special order SD. I want to just pay cash and get it over with, I'm pretty sure there is a Ford Finance Incentive deal which I will do ( minimum amount whatever that is) and just pay that off the first month. I also have actual cash on hand that I want to use but I'm not sure how much I can do without sending up any IRS flags, anyone know anything about that? I think I heard $10k or $9,999 keeps me flying under the radar. I'm not sure the dealership will take a credit card, but if I pay say 15k with the CC it will give me a few plane tickets ( of course I'll just pay that off the next day or when ever it posts ). And my bank says I can write a personal check for any amount I wish no problem.
Any advice appreciated
I'm seeking advice on any, none or some of the following.
I'm about to go pickup my special order SD. I want to just pay cash and get it over with, I'm pretty sure there is a Ford Finance Incentive deal which I will do ( minimum amount whatever that is) and just pay that off the first month. I also have actual cash on hand that I want to use but I'm not sure how much I can do without sending up any IRS flags, anyone know anything about that? I think I heard $10k or $9,999 keeps me flying under the radar. I'm not sure the dealership will take a credit card, but if I pay say 15k with the CC it will give me a few plane tickets ( of course I'll just pay that off the next day or when ever it posts ). And my bank says I can write a personal check for any amount I wish no problem.
Any advice appreciated
#2
I'm sure they would rather have a cashier's check than a grocery bag full of Franklins or personal check. We have made cash deposits in the past in excess of $10k and there is some paperwork involved with that. I would talk to the dealer and ask them about payment options, credit card, check, cashier's check, or a combination of the three.
#3
I tried paying with a Cc and they said no because of the finance charge. You can write a personal check for whatever you want. It’s depositing your money that becomes a pain.
#4
Join Date: Oct 2015
Location: Somewhere south of Denver
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My deposit of $1000 was on my credit card. The remainder was a personal check. They didn't blink an eye at that but the money was out of my account before I left the finance office.
I doubt they will let you put more than a couple thousand on a credit card. The fees they get charged make it a bad deal for them.
I doubt they will let you put more than a couple thousand on a credit card. The fees they get charged make it a bad deal for them.
#5
I usually just write a personal check and the dealers are fine with that. You won't get the title until your check clears anyway. Even if writing a check they will likely make you fill out a credit app and will run your credit to verify who you are. At least that's what I had to do on my last two vehicle purchases.
#6
No deposit was required when I ordered mine. I used ford's finance incentive, wrote a check for about half the cost, and I made the first payment when it was due. Once that cleared I got a payoff amount and cut the check. I've done that several times and never got a visit from the revenuer's.
#7
They were fine to drive me over to Wells Fargo on the other side of the highway while I went in for a cahshier's check for the full amount. No problem at all. Still waiting on the title though. It might have been good to have a financed portion that I paid off after everything was in order, just to have a bank on my side in case there is any trouble getting the title.
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#8
Hello,
I'm seeking advice on any, none or some of the following.
I'm about to go pickup my special order SD. I want to just pay cash and get it over with, I'm pretty sure there is a Ford Finance Incentive deal which I will do ( minimum amount whatever that is) and just pay that off the first month. I also have actual cash on hand that I want to use but I'm not sure how much I can do without sending up any IRS flags, anyone know anything about that? I think I heard $10k or $9,999 keeps me flying under the radar. I'm not sure the dealership will take a credit card, but if I pay say 15k with the CC it will give me a few plane tickets ( of course I'll just pay that off the next day or when ever it posts ). And my bank says I can write a personal check for any amount I wish no problem.
Any advice appreciated
I'm seeking advice on any, none or some of the following.
I'm about to go pickup my special order SD. I want to just pay cash and get it over with, I'm pretty sure there is a Ford Finance Incentive deal which I will do ( minimum amount whatever that is) and just pay that off the first month. I also have actual cash on hand that I want to use but I'm not sure how much I can do without sending up any IRS flags, anyone know anything about that? I think I heard $10k or $9,999 keeps me flying under the radar. I'm not sure the dealership will take a credit card, but if I pay say 15k with the CC it will give me a few plane tickets ( of course I'll just pay that off the next day or when ever it posts ). And my bank says I can write a personal check for any amount I wish no problem.
Any advice appreciated
#9
Paid for mine with a personal check and the dealer was fine with that. A large purchase like that doesn't alert the IRS or anyone else, only when making bank deposits that exceed certain amounts.
#10
Not sure why you are trying to make an easy process a difficult one.
Ask your dealer what is the most you can charge then pay the balance with a personal check.
End of story.
Ask your dealer what is the most you can charge then pay the balance with a personal check.
End of story.
#11
They're paying an average of 3% for every credit card transaction. They're fine if you put $75,000 on a credit card? That's $2,250.00. No way they are fine with that.
#12
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#15
1000 under invoice seemed pretty good to me for a custom order from the factory at this time of the year. I went to 4 different dealerships and it was the best price I could get. Not to mention this dealership also offered me more for my trade that any of the others.