Best way to pay for a car

[nikad]

Transferring money to his US account is a pretty good deal, especially if he ups the rate. I'd take that in a second. Remember, cars here have very high resale values.

The one thing to think about is that you will need to notify AFIP as to the source of the funds when you buy a new car. Not sure if an ou of country transfer will cause any issues.

It will cause issues. For the transaction to be legal he will have to declare his US bank account to AFIP and he will be fine.

 

[earlyretirement]

It will cause issues. For the transaction to be legal he will have to declare his US bank account to AFIP and he will be fine.

Another thing I always recommend if you're doing ANY transaction where you are wiring funds and need to declare it to AFIP is open up a new account and just put enough in the account for the transaction.

You never know later if you will get a DNI or whatever other reason. It's always best to not let AFIP know about your other accounts outside of Argentina. Probably not much they can do if you don't apply for a DNI later but it's better to be safe than sorry.

So you can just open up a new account even at the same bank and just transfer enough in it to make the wire. Then later if you ever had to show statements, the funds wouldn't be intermingled with other funds you might have.