Possible EV.

[malcolm E53 AMG]

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

 

[Frontstep]

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.

 

[DSK]

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.

Please don’t get me started on that! It’s like it’s ludicrous to have a penny to your name nowadays.


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[lewyboy]

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

Porsche do.

 

[SmartAmg]

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!

 

[lewyboy]

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, money laundering nightmare.

 

[bladecrazy]

when i bought my e350 they accepted half bank transfer and half cash , wouldnt take more than 9k in cash.

 

[Blobcat]

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 tax

 

[SmartAmg]

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

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.

 

[V6Matty]

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 have the requirement by law to prove where the money came from and that it wasn’t from illegal activities

 

[SmartAmg]

They have the requirement by law to prove where the money came from and that it wasn’t from illegal activities

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.

 

[Blobcat]

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.

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.
What you want is a some way to get your cash into the system - a car wash, barber, anywhere that can take a lot of cash - once it's in and your "books" look good to the inland revenue you can go off and buy your super-car, super-yacht, watch, house etc

 

[curious]

banks the money, job done.

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.

 

[dry run]

Just a thought, but why / how do people end up with a large sum of cash legitimately?

 

[Blobcat]

Just a thought, but why / how do people end up with a large sum of cash legitimately?

Selling stuff on marketplace, car boots etc, gambling wins at the horses/dogs etc.

 

[tode]

Just a thought, but why / how do people end up with a large sum of cash legitimately?

By selling your car and insisting on cash payment . . . ?

 

[Frontstep]

Porsche do.

Except Taycans apparently.

There's a big sign on the door no bla*** no Iri** and no Taycans.

 

[lewyboy]

Except Taycans apparently.

There's a big sign on the door no bla*** no Iri** and no Taycans.

Huh?

I’d imagine that they would be delighted to sell you a Taycan for cash transfer via your banking app.

 

[DSK]

Just a thought, but why / how do people end up with a large sum of cash legitimately?

I have done jobs, such as consultancy work and some people just have cash they taken out for other stuff over the years, kept it aside and used that to pay me. Over the last month a customer paid me for work I did last year in batches of £15k transfers each week.

Now if I want to take £20/30k to snap up car privately that I’d only be competing with dealers to buy, cash has played it’s part well to just get a deal done. But, try getting that out, so it’s nice to always have cash aside to avoid the ball aches.

There’s a lot of dodgy actors but, decent sums can be earned and moved with legitimate reasons and with some types of people the sums are just larger due to their business. It isn’t helped by the fact that it’s reported that the majority don’t have much at all in savings, so you get labelled with the bad actors.


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[AMGeed]

They wouldn’t, money laundering nightmare.

S'true.
There is a limit of how much cash can be accepted on a deal, and its nowhere near £100k
Now a shady backstreet outfit might, but then I doubt you'd find a £100k car there.
(Did someone mention Motorhub