malcolm E53 AMG
Senior Member
- Joined
- Aug 21, 2005
- Messages
- 7,059
- Reaction score
- 4,700
Only downfall of paying for a car with cash nowadays is the sales people don’t roll the red carpet out for you in fact quite the reverse
Nothing like a Tesco carrier bag full of cash for your purchases I bought one of my first properties with one.Only downfall of paying for a car with cash nowadays is the sales people don’t roll the red carpet out for you in fact quite the reverse
Nothing like a Tesco carrier bag full of cash for your purchases I bought one of my first properties with one.
Now I have to go ten rounds with the Bank to get my own money out even more amusing is I have known some of them for decades.
One of the richest men I know threw a paddy in the same Bank when he couldn't get the cash out he wanted, it amused me highly and I offered to lend it to him which everyone thought was hilarious except him.
Porsche do.Only downfall of paying for a car with cash nowadays is the sales people don’t roll the red carpet out for you in fact quite the reverse
They wouldn’t, money laundering nightmare.So your tell me if you walked into a Car showroom and pointed at a particular car, at say, £100,000 and said but I want to pay cash, then produced a bag with £100,000 In it they wouldn't take it. Cobblers!
They wouldn't now money laundering regulations pretty much put a stop to that. "They" want to know where it's all come from and if they've had their taxSo your tell me if you walked into a Car showroom and pointed at a particular car, at say, £100,000 and said but I want to pay cash, then produced a bag with £100,000 In it they wouldn't take it. Cobblers!
But why/how would "They" know? The dealer takes the money, are they really bothered where the money's come from, for the goods,banks the money, job done.They wouldn't now money laundering regulations pretty much put a stop to that. "They" want to know where it's all come from and if they've had their tax
They have the requirement by law to prove where the money came from and that it wasn’t from illegal activitiesBut why/how would "They" know? The dealer takes the money, are they really bothered where the money's come from, for the goods,banks the money, job done.
Ok, I can sort of understand that. So you pay the 100k to the dealer, using your debit card or bank transfer etc, I'm presuming that's ok. Nobody would know,They have the requirement by law to prove where the money came from and that it wasn’t from illegal activities
Try going to the bank with £xxxxx they have many questions about it as well as they have the same requirements - stops all those pharmaceutical delivery's depositing their £10 & £20 notes.Ok, I can sort of understand that. So you pay the 100k to the dealer, using your debit card or bank transfer etc, I'm presuming that's ok. Nobody would know,
if the money came from illegal activities would they? Or do you still have to prove where it came from? All seems a bit odd and drawn out to me.
That's the issue. The bank simply wouldn't accept it. If the bank isn't satisfied with the source of the funds, and there's an issue, they're equally liable.banks the money, job done.
Selling stuff on marketplace, car boots etc, gambling wins at the horses/dogs etc.Just a thought, but why / how do people end up with a large sum of cash legitimately?
Except Taycans apparently.Porsche do.
Huh?Except Taycans apparently.
There's a big sign on the door no bla*** no Iri** and no Taycans.
Just a thought, but why / how do people end up with a large sum of cash legitimately?
S'true.They wouldn’t, money laundering nightmare.