Transfer of Large Amounts of Funds?

[markjohnson]

I've been shopping around for the right early musclecar lately and have the means to drop some serious cash on the right car. Maybe I'm finally starting to feel old, but I'm beginning to grow a little tired of the long hours at work, coming home and crawling under a project car that's going to consume every weekend for who knows how many years. My time has become too valuble lately.I want something finished and reliable. Anyway, my question concerns the large financial transactions for these old cars. How are these accomplished? Treasurer's or cashier's checks, electronic transfers or the old fashioned suitcase full of money? What about sales tax. Are people really paying sales full sales tax on $200,000 1969 Camaros. A friend recently sold his racecar for $30,000 and when he took the cash to his bank for deposit, the bank told him no way. They wanted to know where the money came from and gave him a form to send to the purchaser of his car inquiring about the money. I know anything over $10,000 withdrawn/deposited gets reported to the Feds, and my funds are acquired by honest means, but I'm just a little paranoid about my bank and the goverment knowing what I'm spending on old cars. I really believe it's private between the seller and purchaser and nobody else's business. Let me throw this out there also: are sellers of these cars paying capital gains taxes on these insane profits of lately? I don't think so. Any advice would be appreciated. Thanks.