Thursday, May 10, 2012
Anonymous car ownership—what does it take?
The first requirement is easy, as many of you know. Just order a New Mexico LLC and use that to title your vehicle. The second requirement is NOT so easy, if you are looking for a specific make and model, because:
You cannot buy a car anonymously from a new-car dealer
Why not? Because the dealer will demand your ID and copy your driver’s license. (No ID, no car, no matter how much he wants to sell it to you.) Further, if you pay $10,000 or more in cash, he will make you file the dreaded IRS Form 8300.
Buy anonymously from a private party
All the private party wants is to sell his car, He’ll take cash in any amount and does not care if you give the name of the buyer as Mickey Mouse LLC. Where the difficulty arises is in finding the specific make and model you wish to buy. The place to go is Craigslist, but what if the model you are looking for is scarce? Here’s the answer:
Free Craigslist Reader from CraigsPal.com
Unlike the normal city-by-city search, with the Craigslist Reader you can search state by state, or even the entire country, with a single click. For example, I am currently searching for a Toyota Sienna with leather seats and less than 30,000 miles. My search is in five states, and I check several times a day. If I cannot find what I am looking for within six weeks, I’ll add additional states. When I find it I'll pay cash and title it anonymously with a New Mexico LLC.