View Single Post
      03-04-2006, 07:42 PM   #8
Major General
BMW E90's Avatar
Drives: E90 335i
Join Date: Nov 2005
Location: Around the Bay

Posts: 8,213
iTrader: (8)

Originally Posted by hotsand5
Uhm, under the table? Did you know that anything $10,000 down and over, the dealer is required by law to report you to the IRS. If I were you, I'd talk to the dealer and see if you can first put $7k or 8k deposit, then like $9,900 down at time of purchase and leave a couple weeks between both transactions. That might keep "Uncle Sam" away from you for a while. And yes I think that you will be able to get a loan, but if you have less than 7 yrs credit history, your rates will be pretty high, regardless of credit rating. Good luck.

He's dead on. Either follow this advice or get someone to co-sign for you.
BMW E90 is offline   United_States
Reply With Quote