BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 Marketplace > Vendor Comments/Review/Feedback Forum
 
Lux Angel Eyes
Post Reply
 
Thread Tools Search this Thread
      01-16-2012, 04:16 PM   #23
Foodle
Captain
United_States
11
Rep
769
Posts

 
Drives: 2011.75 E90 M3
Join Date: Aug 2011
Location: PA

iTrader: (0)

Quote:
Originally Posted by Lostx89xSoulz View Post
i didn't want my bank account to go over 5k in there at all time. (other reason)
i didn't want to sign a check cause that will have to go thru my bank.
Yeah, so WTF is up with this bank thing?

... and I'm sensing a distinct reluctance to get the 5-0 involved, hmmmm ...
Appreciate 0
      01-16-2012, 04:18 PM   #24
immiketoo
Colonel
immiketoo's Avatar
71
Rep
2,873
Posts

 
Drives: Smoothly
Join Date: Apr 2009
Location: Chicago Burbs

iTrader: (0)

Quote:
Originally Posted by Foodle View Post
Yeah, so WTF is up with this bank thing?

... and I'm sensing a distinct reluctance to get the 5-0 involved, hmmmm ...
See my earlier post
__________________

Quote:
Originally Posted by double eagle View Post
Thickness feels good to me and my hands aren't that big.
Appreciate 0
      01-16-2012, 04:18 PM   #25
JusCruzin
Private
2
Rep
86
Posts

 
Drives: 2008 E90 6MT M3
Join Date: Oct 2010
Location: Los Angeles

iTrader: (0)

You should contact the police, not a lawyer. But you will need to be prepared for the police to ask why you had $20k in cash that you never even withdrew from a bank account. I'm guessing you're in a line of business that is based on cash-only transactions, which may be of greater interest to the police than Valencia BMW.

About the camera, you can go back to the dealer and see for yourself if they have a camera in the manager's office.
Appreciate 0
      01-16-2012, 04:18 PM   #26
THE TECH
BimmerPost Supporting Vendor
THE TECH's Avatar
United_States
157
Rep
13,121
Posts


 
Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas

iTrader: (45)

Garage List
Send a message via AIM to THE TECH Send a message via Skype™ to THE TECH
Quote:
Originally Posted by Lostx89xSoulz View Post
i've been calling the GM all morning and they haven't return my calls. they're a 1 1/2 hr drive away.
For $20k, I think I would make time for the drive.

I still say something is up. $20k in cash is illegal to have in the first place.
__________________
Appreciate 0
      01-16-2012, 04:19 PM   #27
coogs08
Second Lieutenant
3
Rep
262
Posts

 
Drives: 2009 M3
Join Date: Aug 2011
Location: Pearland, TX

iTrader: (2)

There have been too many instances where I have paid for something, but later on get a call/letter demanding payment. Lucky for me I always paid by check and was able to get a copy of the deposited check...However I don't think there is anyway that the dealership can get away with this or would even try to do this on purpose, there is too much risk for them. Take it as high up the ladder as you can, you will get the response you want.
Appreciate 0
      01-16-2012, 04:20 PM   #28
coogs08
Second Lieutenant
3
Rep
262
Posts

 
Drives: 2009 M3
Join Date: Aug 2011
Location: Pearland, TX

iTrader: (2)

Quote:
Originally Posted by THE TECH View Post
For $20k, I think I would make time for the drive.

I still say something is up. $20k in cash is illegal to have in the first place.
No way is it illegal to have $20k in cash...I think you're confused about the amount of cash you can travel with. You can deposit 10k at once into a bank, but you will have to fill out IRS paperwork when you do.
Appreciate 0
      01-16-2012, 04:23 PM   #29
THE TECH
BimmerPost Supporting Vendor
THE TECH's Avatar
United_States
157
Rep
13,121
Posts


 
Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas

iTrader: (45)

Garage List
Send a message via AIM to THE TECH Send a message via Skype™ to THE TECH
Quote:
Originally Posted by coogs08 View Post
No way is it illegal to have $20k in cash...I think you're confused about the amount of cash you can travel with. You can deposit 10k at once into a bank, but you will have to fill out IRS paperwork when you do.
My mistake.
__________________
Appreciate 0
      01-16-2012, 04:23 PM   #30
immiketoo
Colonel
immiketoo's Avatar
71
Rep
2,873
Posts

 
Drives: Smoothly
Join Date: Apr 2009
Location: Chicago Burbs

iTrader: (0)

Quote:
Originally Posted by THE TECH View Post
For $20k, I think I would make time for the drive.

I still say something is up. $20k in cash is illegal to have in the first place.
Really? How so?

EDIT: Sorry didn't scroll down.
__________________

Quote:
Originally Posted by double eagle View Post
Thickness feels good to me and my hands aren't that big.
Appreciate 0
      01-16-2012, 04:24 PM   #31
3XTR3M3
Lieutenant Colonel
3XTR3M3's Avatar
United_States
43
Rep
1,580
Posts

 
Drives: E92 AW M3 6MT
Join Date: Aug 2006
Location: LA

iTrader: (1)

I bought my 2008 from Monrovia and my 2011 from Valencia. Valencia hooked me up. Great dealer.

Does the 2008 you bought have a custom intake plenum?
__________________
Appreciate 0
      01-16-2012, 04:25 PM   #32
Mr. ///M3 RD
Major General
Mr. ///M3 RD's Avatar
Canada
147
Rep
7,863
Posts

 
Drives: E350 & 280 SL on Weekends :)
Join Date: May 2010
Location: GTA, Ontario - Canada

iTrader: (0)

Garage List
Quote:
Originally Posted by Lostx89xSoulz View Post
i didn't want my bank account to go over 5k in there at all time. (other reason)
i didn't want to sign a check cause that will have to go thru my bank.
in my contract it does state that it has the 20k cash down.
i know why would they let me drive off with all the paperwork and they car if i didn't put my down and finalize my paperwork.
Is this the car? ===> CLICK The price BTW is not $50K it is $44K and the only M3 they are showing

Why not go thru your bank? Cash under the table? ... What are you hiding?

Man in all fairness ... you hand someone that much money you need to get the right confirmation paperwork.

Case in point ... in 2010 I sold my e46 M3 privately. The fellow arrived by train I picked him up. We went to the bank deposited his certified cheque into my account. Since even a certified cheque can be falsified I asked my bank manager to phone his bank and verify that that the cash indeed had been assigned to this certified cheque. It took 20 minutes for my bank manager to confirm that the certified cheque is legitimate.

While we waited for confirmation the fellow I sold the car to wanted the key. I did not give him the key until I had the confirmation from my bank manager.

That is the way you do this ... there is no other way.
__________________
Cheers, Rolf-Dieter

Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well
---> Click here for some good stuff I found

Last edited by Mr. ///M3 RD; 01-16-2012 at 04:41 PM.
Appreciate 0
      01-16-2012, 04:26 PM   #33
Foodle
Captain
United_States
11
Rep
769
Posts

 
Drives: 2011.75 E90 M3
Join Date: Aug 2011
Location: PA

iTrader: (0)

Quote:
Originally Posted by coogs08 View Post
No way is it illegal to have $20k in cash...I think you're confused about the amount of cash you can travel with. You can deposit 10k at once into a bank, but you will have to fill out IRS paperwork when you do.
Exactly, no way $20k is illegal just to have (unless it's cocaine encrusted $100's).

If you travel with more than $10k to or from the US, you have to declare it, but it's still not illegal. If you want to take $100M in cash from the US to Mexico, there's nothing illegal about that, but just expect a lot of scrutiny about where that money is coming from and going to.

I don't think you need to fill out IRS paperwork if you deposit more than $10k. Have done this before (e.g., house sale) without any additional paperwork. However, I think the bank has to notify the IRS when this happens (which it sounds like is what the OP was trying to avoid).
Appreciate 0
      01-16-2012, 04:28 PM   #34
OerdingE93
Lieutenant
OerdingE93's Avatar
United_States
8
Rep
502
Posts

 
Drives: 2011 Mineral White E93 M3 DCT
Join Date: Sep 2011
Location: LA/OC

iTrader: (3)

__________________

|ESS VT1-550 510whp|MRF MID|AKRA REAR|CKS COILS|FORGESTAR|CSL TRUNK|GT4 Lip|3D-DESIGN
Appreciate 0
      01-16-2012, 04:29 PM   #35
immiketoo
Colonel
immiketoo's Avatar
71
Rep
2,873
Posts

 
Drives: Smoothly
Join Date: Apr 2009
Location: Chicago Burbs

iTrader: (0)

Quote:
Originally Posted by Foodle View Post
Exactly, no way $20k is illegal just to have (unless it's cocaine encrusted $100's).

If you travel with more than $10k to or from the US, you have to declare it, but it's still not illegal. If you want to take $100M in cash from the US to Mexico, there's nothing illegal about that, but just expect a lot of scrutiny about where that money is coming from and going to.

I don't think you need to fill out IRS paperwork if you deposit more than $10k. Have done this before (e.g., house sale) without any additional paperwork. However, I think the bank has to notify the IRS when this happens (which it sounds like is what the OP was trying to avoid).
We call that added value
__________________

Quote:
Originally Posted by double eagle View Post
Thickness feels good to me and my hands aren't that big.
Appreciate 0
      01-16-2012, 04:30 PM   #36
THE TECH
BimmerPost Supporting Vendor
THE TECH's Avatar
United_States
157
Rep
13,121
Posts


 
Drives: BPMsport 2012 E92 M3
Join Date: Jun 2011
Location: Kansas

iTrader: (45)

Garage List
Send a message via AIM to THE TECH Send a message via Skype™ to THE TECH
Quote:
Originally Posted by immiketoo View Post
Really? How so?

EDIT: Sorry didn't scroll down.
Quote:
Originally Posted by Foodle View Post
Exactly, no way $20k is illegal just to have (unless it's cocaine encrusted $100's).

If you travel with more than $10k to or from the US, you have to declare it, but it's still not illegal. If you want to take $100M in cash from the US to Mexico, there's nothing illegal about that, but just expect a lot of scrutiny about where that money is coming from and going to.

I don't think you need to fill out IRS paperwork if you deposit more than $10k. Have done this before (e.g., house sale) without any additional paperwork. However, I think the bank has to notify the IRS when this happens (which it sounds like is what the OP was trying to avoid).
Was my mistake on that one.
__________________
Appreciate 0
      01-16-2012, 04:31 PM   #37
tico1028
First Lieutenant
7
Rep
379
Posts

 
Drives: 2011 E92 M3 - JB
Join Date: Jul 2010
Location: Miami

iTrader: (0)

Quote:
Originally Posted by OerdingE93 View Post
+1 good read. Want to see how this develops.

But yea OP, no offense, but $20k in hard cash isn't normal. Normally a "cash" transaction involves a cashiers check or wire transfer, not a brief case (or duffel bag in your case?) full of actual bills. If you really want your money back, you need to call the cops. If you are laundering money, I'm sure your "boss" won't be too happy with you.
Appreciate 0
      01-16-2012, 04:33 PM   #38
MikeyBMWM
Lieutenant
MikeyBMWM's Avatar
Poland
15
Rep
451
Posts

 
Drives: Insane
Join Date: Jan 2011
Location: Warsaw

iTrader: (0)

Quote:
Originally Posted by JusCruzin View Post
You should contact the police, not a lawyer. But you will need to be prepared for the police to ask why you had $20k in cash that you never even withdrew from a bank account. I'm guessing you're in a line of business that is based on cash-only transactions, which may be of greater interest to the police than Valencia BMW.

About the camera, you can go back to the dealer and see for yourself if they have a camera in the manager's office.
+1
Appreciate 0
      01-16-2012, 04:50 PM   #39
Darth One
Former yr 1of1 owner
Darth One's Avatar
United_States
11
Rep
1,109
Posts

 
Drives: SGM E90
Join Date: Jul 2008
Location: FL

iTrader: (0)

wow.

if all this is true and not someone having some fun at the forum's expense, i don't know where to start.

but i do admit it would be priceless to walk into a dealership, plonk down a duffel bag and start counting out bands of $100 bills
Appreciate 0
      01-16-2012, 04:52 PM   #40
szcyxzh
Lieutenant
6
Rep
398
Posts

 
Drives: 128I
Join Date: Jul 2011
Location: Orlando, FL

iTrader: (2)

strangest story ever.
__________________
128 w/ 6MT, SSK, CDV DEL, FSB, TIM YOYO, THAT'S IT.
Appreciate 0
      01-16-2012, 04:56 PM   #41
Mr. ///M3 RD
Major General
Mr. ///M3 RD's Avatar
Canada
147
Rep
7,863
Posts

 
Drives: E350 & 280 SL on Weekends :)
Join Date: May 2010
Location: GTA, Ontario - Canada

iTrader: (0)

Garage List
Quote:
Originally Posted by szcyxzh View Post
strangest story ever.
Strange is putting it mildly ...
__________________
Cheers, Rolf-Dieter

Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well
---> Click here for some good stuff I found
Appreciate 0
      01-16-2012, 04:57 PM   #42
Lostx89xSoulz
Alpine White
Lostx89xSoulz's Avatar
4
Rep
97
Posts

 
Drives: 11 X5, 08 E93 M3, 09 E92 335i
Join Date: Dec 2008
Location: Rosemead, CA

iTrader: (0)

Send a message via AIM to Lostx89xSoulz
Quote:
Originally Posted by coogs08 View Post
No way is it illegal to have $20k in cash...I think you're confused about the amount of cash you can travel with. You can deposit 10k at once into a bank, but you will have to fill out IRS paperwork when you do.
thank you, exactly the amount of money you have is not illegal just if you deposit it into the bank more than 10k you have to answer to where the money come from.
Appreciate 0
      01-16-2012, 04:57 PM   #43
M3SQRD
Colonel
M3SQRD's Avatar
United_States
24
Rep
2,480
Posts

 
Drives: E92 M3s,R56 CooperS,F22 228iX
Join Date: Jun 2009
Location: EC

iTrader: (2)

Quote:
Originally Posted by Rolf-Dieter View Post
Strange is putting it mildly ...
Agreed
Appreciate 0
      01-16-2012, 04:57 PM   #44
Lostx89xSoulz
Alpine White
Lostx89xSoulz's Avatar
4
Rep
97
Posts

 
Drives: 11 X5, 08 E93 M3, 09 E92 335i
Join Date: Dec 2008
Location: Rosemead, CA

iTrader: (0)

Send a message via AIM to Lostx89xSoulz
Quote:
Originally Posted by Darth One View Post
wow.

if all this is true and not someone having some fun at the forum's expense, i don't know where to start.

but i do admit it would be priceless to walk into a dealership, plonk down a duffel bag and start counting out bands of $100 bills
20k is not that much just a little stack. don't need a duffel bag.
Appreciate 0
Post Reply

Bookmarks

Tags
alpine white, bmw, bmw m3, review, valencia bmw

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:11 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST