@ZeroNullVoid ,
1. sorry for the delay in responding;
2. we are all unpaid volunteers and do this to (a) help fellow users; (b) we are not at our desks and helping 24 X 7; and (c) because enjoy doing this, sharing our knowledge of the tax laws
3. I stand corrected in that there is indeed a limit on how much one can send abroad , but it is something like US$1 million or something like that when one needs treasury permission;
4. Whether money is wired directly to a dealership or via your bank generally may not matter if you are buyer of record and then the car is registered in your name.
5. If the money is wired to the dealership directly from your account and a relative is the buyer and registered owner, then it is a gift and if beyond the free/exclusion limit ( as outlined above ) then may need to be recognized with a gift return ( form 709 ) but not a tax even at this time.
6. Whether money is from your savings or from a loan secured by something else does not have any implication in this matter but may have implications in a broader tax matter. For example, if the amount is secured by your home ( second mortgage or Home Equity etc. ) , by using the amount for purposes other than on your home improvement/purchase etc. the interest may not be deductible. Also your lender may have restrictions on how you are using the loan proceeds. Outside of that there are no worries that I know of.
Stay safe
Namaste ji
pk
