I have recently carried large sums of cash from the sale of, or for the purchase of, a car. For private sales people don’t take checks, even bank checks which are easily faked. Once you have signed the title, the car is gone, so cash is a must.
It has occurred to me that if I am stopped, as the law currently stands, the money can be taken even if I am never charged with or convicted of a crime. From what I’ve read, it is practically impossible to get your money back.
Yep, and it’s the rank and file who would steal your money.
The only safe approach would be to do the transaction at your bank. Withdraw the cash, accept the title, and do it all under bank surveillance cameras.
We pay the roofer in cash. We walked into his office with slightly under $10,000.00 in cash on us.
If the police had stopped us we might have taken a major financial hit.
re: titles
I’m in Florida.
I find that the dealerships lobbyied and got electronic title of M.V. to be the default. Pain in the ass. I cannot verify title and if seller on private sale doesnt have physical title — NO SALE.
Crooked big business in bed with legislature.