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I know that requirement exists, but I'm not convinced that is the reason. They'd be dealing with a bank, after all, who knows the restrictions but more importan
by Broken_Hippo 5y ago
I know that requirement exists, but I'm not convinced that is the reason. They'd be dealing with a bank, after all, who knows the restrictions but more importantly, I'm guessing the cost of the cars is as much and they likely aren't taking a loan for the cars.
There are lots full of cars under that limit that only sold with financing, and the dealers just simply said that they don't take cash. (the limit used to be 10k, and had not been raised to keep up with inflation, but I don't know if it ever became raised)
Additionally: The reporting requirements weren't so bad. Another couple of dealers didn't have an issue with it. Obviously, they bought the car from one of those folks.