Forum

New Car....
 

Question, i know not to make a down payment of more than 9999.99 (realistically 9500-9800 is more what i am thinking).

If the remaining if financed from the bank let's say 10k or 11k is that a non reporting situation?


Another scenario would be 9500 down and like 9500 from the bank and finance the remaining..... OR

9500 down 10,000 from the bank? I believe banks no matter what with even checks/certified etc.. have to report everything over 10k right?

I am new to car buying. I would like to know this as well. I have never purchased a car before.

What kind of car do you plan on purchasing If you don't mind me asking? If you don't want anyone to know, that's fine, just curious.

Relevance of financing an new car on an ebay forum? Dunno.

Looking for suggestions to avoid tax? Dunno.

Thinking that help like that is beyond what we do. Fo shure :boink: