Is 1099a just magic now?
- Register a car without registering it: 1099a
- Discharge a loan with magic money: 1099a
- Want to sound smart? 1099a
this post was submitted on 19 Mar 2024
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Wtf even is 1099a? Excuse my ignorant ass
If you are a professional lender in the USA, and you get property because of a foreclosure, you need to fill one out.
Basically, just like everything else with SovCits, someone misunderstood how something works and was very loud about their wrong conclusions. Because it sounded smart, and also reinforced the belief systems of the group, people don't look into what it actually says and treat it like magic.
See also ALL CAPS names on legal documents and forms.
Literally peak Dunning Kruger.
A 1099 is an irs form to report income from all sorts of random places. Gambling winnings, forgiven debt, contract work, receiving stock, etc. There are special sub forms for certain types of income, 1099a is about taking property used as collateral for a loan in place of payment.
SovCits decided this form can be magical payment for things while keeping the thing.
Technically any legal adult can buy a car; driving it legally is another matter.
Good luck driving it off the lot without insurance & registration, and good luck getting insurance or registration without a driver's license at a dealership. Maybe that would fly at some shady used lot, but there's not a single new car dealership in the country that would do that deal.
You show up with a trailer and tell them it won't be used on public roads.
Idk if it has changed, but they used to require you take delivery on the property where it would be used. That meant you'd either need to negotiate a free delivery, or pay to have the dealership deliver the vehicle to the private property where it would be used. There's a special registration for that, it doesn't just stay unregistered, especially if financing is involved.
Maybe that's a state law or something related to new cars? People buy as-is used cars in private sales and trailer them home all the time.
You don’t need insurance in my state, for a while you could drive newly acquired cars without plates in CA, but I think they recently closed that loophole.
Yea they plastic temp plates now that you legally need on new cars before driving it off the lot. Lots dbags out there just never putting on their metal plates on new cars and driving like jackasses, that's why.
I just assumed he was paying cash and buying from a private party.
If you pay cash they might overlook a few things.
A new car dealership isn't going to jeopardize their vehicle sales license for some dirt deal with an undocumented crazy person. Maybe if you had some muscle, and you kicked them down an extra $15,000-$20,000, then they might try to find a workaround, but not for some $2000 profit deal. A single deal is nothing to a new car dealership, they're swimming in money.
Edit: they don't want you to pay cash anyways. They make as much or more money on the financing as they do on the car.
Isn't financing usually done with a bank? I know mine was, and the interest certainly isn't the price of the car.
They have negotiated deals with the banks that power their in-house financing. They get a substantial kickback from the bank for referring you to them.
BuT fReEdOm Of MoVeMeNt
some sovereign citizen, probably.
Without a driver's license no reputable dealer will sell to you. If you don't intend to register, forget getting any kind of financing. Financial institutions require you to title the vehicle and (in most states) they keep that title until you pay it off. If you don't register the vehicle chance is you didn't title it either. I work with the finance institutions that partner with my dealership daily on stuff like that.
God, these people make me laugh as much as they make me depressed.
There's a hilarious video on their Facebook group that one of the sovcits took of when he went to the DMV and turned in his license plate and announced he was going private. The clerk's face was hilarious, as she tried to explain to him that if he left the building she'd have to notify law enforcement.
That's incredible. I've seen sov cits send letters to my management about the contacts, and had people try to keep from registering their vehicles to "stay private". It never works, and it ends with their vehicles being repossessed because the lender says "you're a moron" and takes it back.
They're always so puzzled in the groups when they are repossessed! It's hilarious.