Re: Accepting cash for car sale
My finance guy says cash is still king. i know someone who sold a motor home and the guy paid him 65,000 cash. People keep it in their safe because they do not completely trust the banks and there is always a certain amount of unreported earnings.
5 years ago I knew someone buying a house and cash would not be accepted unless they knew where it came from. I had to write a letter saying it was a gift with proof of a bank transaction.
I do not blame you for not accepting that much cash on a Friday night. Both buyer and sellers have been robbed with these transactions.
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“The technique of infamy is to start two lies at once and get people arguing heatedly over which is true.” ~ Ezra Pound
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