DOMESTIC FLIGHTS.. CARRYING OVER $10,000 CASH.. PROBLEM???

I doubt you should. The 10k USD rule is basically to restrict the amount of untrackable (=cash) money entering or leaving the US.

 

Ship the funds via FedEx to a bank in the destination city -- or just arrange with a branch of your normal bank (in the destination city) to pick up the money. I wouldn't fly with it -- TSA seems to make up rules as they go along. Agent by agent.

 

What about using Western Union? Wire the funds to yourself. Pick up the cash when you arrive.

 

You need to break up the 10K..... 5K per sock works for me

 

What's the guy hiding to request the funds in cash? Walking around with a wad of cash to meet someone you've never met before doesn't sound smart. I'd try to work it out at a bank branch close to the guy.

 

There are a few stories out there with people having cash seized and not returned. I wouldn't do it.

 

Yeah........

 

Carrying 10k is not the logical thing to do. Have your bank coordinate with a bank in the area where the transaction will take place. It may seem inconvenient, but better than having it seized or robbed.

-Abe

 

If they find it your cash will be seized as proceeds of crime..........I guarantee it.

First of all....why are you paying cash ? Any credible, legal, and trustworthy buyer would accept a wire transfer. Cash is a huge red flag for me.

 

yep, you're going to look darn suspicious to anyone who finds out. have fun proving to TSA/FBI/DEA that you're not a drug smuggler, money launderer, human trafficker, terrorist, etc.

wire transfer, cashiers check, etc. would make a lot more sense. I hope you know and trust the party you're dealing with here.

 

Wow. Sadly, this statement would fit well in the "Remember when..." thread.

 

+1, Some car sellers want cash because of the fear of losing their car to a bad check. But, you also have to be careful. I've heard of people going to buy high end watches etc and thus have $5k+ on them. The person selling is actually planning on robbing the potential buyer. So do be careful with cash. Some people will sadly value a human life far less then you'd want to believe.


Use a Cashiers check, have the person meet you at a local bank and have them cash it and switch for their title there. That's what I usually do if it's rare car and the seller is worried. You can also have them take the car to the bank to make it a "safer" transaction and you can take physical ownership of the car after the title/money transfer.

 

Was, once upon a time when I was touring regularly, not uncommon for me to have been carrying 7 or 8k in cash whilst traveling. Typically it would be in 20's and I would have it stuck inside shoes, socks, pockets, etc. Promoters used to pay me this way and I didn't have much choice...no one ever said a thing at the airport.

RMX

 

I still wouldn't do it regardless of whether or not TSA says its legal or the guy has a reason. The only people I'd give cash to for a car is a dealership, and even then, that probably isn't great. Take some of these guys' suggestions. Anything than paying in cash should still help this guy out.

 

I have personal experience with this. I am a mineral collector and travel to Denver/Phoenix for the big US shows with a lot of cash (used too!) as the dealers do better deals for dollars than credit cards. So one flight I had 20-30K in cash on hand in my luggage. The case was checked other reasons (Minerals I was selling looked odd in the X Ray machine.) and they found the money. I was pulled out of line and questioned. The DEA and local police came in, the FBI was called, etc, etc. The money was confiscated, I was held up for 6 hours-the fact that I could show I was going to Denver to the show, that I had my own minerals for sale with me, etc-made no difference to them. They said I could be trying to launder drug/gang/mafia money!

In the end I got my money back-calls to my lawyer, my old college roomie who is now a secret service biggie, and to some buddies in the CIA/DIA finally got me out of there with my cash. But the local DEA guy said if it was up to him I would have lost my money-period.

The gov has figured out that taking money without due process, under the "drug war/terrorist war" is easy and low risk.

 

Regardless, just be careful. I don't think anyone is meaning to criticize you, but rather look out for your safety. Of course, I don't know the exact details of your transaction, but if its cash, and a large sum, you should just take caution. Here is an article in the Dallas Morning news that deals with what has been happening here on Craig's List transactions.

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/091008dnmetcraigslist.12801db.html

I'm not saying this is what your walking into, but it never hurts to just be safe! I run into a instance in my own life recently that makes me realize that a lot of people are just plain F-ED up in the head.

J

 

I agree, there are too many things, at too many points along the way that could be disasterous!

 

Only Tony Montana makes cash deals! Otherwise no way, I want a paper trail.

http://www.youtube.com/watch?v=8Nx5ufI87mM&feature=related

 

NPR recently ran a series on widespread abuses in confiscating cash - from pretty much anywhere in the US but it certainly would apply to borders. Basically, all law officials are actively looking for cash because if they confiscate it, it goes directly into their budget. Then they can enjoy toys and vehicles. They couldn't care less about drugs etc since those just get destroyed. All they have to do is make up some typical BS about you looking suspicious and they grab it, and likely detain you to make you want to give it up just to be released. The burden of proof is on you to prove it did not come from criminal/terrorist activity. They will immediately claim you have it to buy drugs or weapons.

If you want to carry cash - make sure you have massive documentation about where it came from and why you have it.

 

I haven't heard about an issue regarding cash though I did read about computers and hard drives being confiscated. The owners had to wait months or more to get them back. Some never got their laptops returned. I think it's gotten better as TSA has better policies but I'm not sure. Just think how bad it would be to lose all the data on your laptop. A lot worse than the money in my opinion. Also, FYI, these were people flying domestic flights. I'll try and find the articles.

 

i disagree. if you came here from out of state to buy a car from me, and want to leave with the car and title, you need to pay cash, or buy from someone else. i have seen fake cashiers checks, and had someone try to hold / reverse a wire transfer for an old camaro. so some sellers that have been around will want cash in hand if you are leaving with the car and title.

to those who propose you keep the title, can also go buy someone else's car, as wasting time and money fighting over a car you "sold" out of state, only to find the money ( check / whatever that is not cash) was not good, is going to be a hassle.

also, my state does not require a title on cars older than 1985, so you could supposedly get home and register a car after screwing someone, and they will be holding the bag, and have to fight.

i sold one of my 308's to 2 nice guys from Boston a few summers ago. they got off the plane, handed over the $15k cash, and drove the car home to Boston with title in hand.


depends on the situation. but some of us that are collectors have no time or patience for drama, and would rather wait for a "qualified" buyer to come along.


ps : i prefer, and almost always use wire transfers . but the thread was about buying a $10k cars cash. larger sums of money take more time, and most people want the car shipped, which gives the seller time to accept the transfer, and FEDEX the title and bill of sale to the buyer. it takes 1-3 weeks to get a car transported, so there is time for both parties to be made comfortable.