Cash is king?...

Herzlos

Ganga said:

Arthur Daley always took cash  

Much harder to get it back that way

Belenus

maxmycardagain said:

Belenus said:

Please tell me that she banks the cash and doesn't have £10,000 in notes.

Why? is it illegal to hold that amount?
Dont worry about security, they have a pack of ravenous GSD as pets

and a safe

It isn't illegal but it would be considered to be unwise by many.

Is the safe fireproof?

Is it portable by a few determined burglars who hear about its contents and don't mind using violence against people and dogs.

Many thieves wouldn't baulk at torturing someone to access a safe containing £10,000.

Does she implicitly trust everyone who has access to the safe?

Dogs, ravenous or otherwise, have been known to dine on cash. 

Her money her storage choices but I wouldn't risk it.

maxmycardagain

Herzlos said:

Ganga said:

Arthur Daley always took cash  

Much harder to get it back that way

Show me a car dealer that gives it back easy...

maxmycardagain

neilmcl said:

maxmycardagain said:

neilmcl said:

maxmycardagain said:

David713 said:

AdrianC said:

And, yes, just pay the flippin' cash into the flippin' bank.

The only problem with doing that is that paying in such a large amount of cash might well end up triggering money laundering checks, especially if no similarly large amounts have ever been paid in before and in the worst case, could see the account frozen for a while.
Even if it's broken down in to smaller amounts, multiple cash deposits over a relatively short period might have the same effect.

I know it might not happen but it's worth thinking about.

Plus..........its a trip into town to bank it, then drive 150 miles each way to view, then the same to collect

jeez

Err, why.? If the money's in the bank then you can use your bank debit card or bank transfer, why are you making this so complicated. 

Money cant walk to the bank, shes got to take it...
then 150 miles to view a car (which she may buy) 150 back
then 150 to buy the car and 150 for it to get back...

Wow, is it really that difficult, plus the whole premise of your thread was that you didn't want to be making two 150 mile trips.

two 300 mile trips.......150 each way twice

[Deleted User]

maxmycardagain said:

Deleted_User said:

All this about having huge sums of money that no one wants to touch in case it is dodgy is just nonsense. Walk into any dealer with £10K in used notes and they'll be quite happy to take it off your hands.

And paying it into a bank will end up with your bank account frozen is bull too. As long as you can account for it e.g. wages paid in cash, then there shouldn't be any problems.

Is £10,000 a huge amount today?

Depends who you're asking and what their financial circumstances are.

[Deleted User]

Herzlos said:

maxmycardagain said:

Buyer can find cars but not locally, i can take her on one trip to view/buy but hell am i wasting 2 days/600+ miles on it, she will have to stay local

she sold her car (cash) and gets old fashioned wages weekly in cash, hence the cash, with a bit from her mum..

looks like local sellers/private will be her best way

Private sellers aren't going to touch £10k in cash; it's a nightmare to count and verify, then they'll need to bank it. If you turn up to buy a car for that money cash don't be surprised if they take you down to the bank anyway.

Deleted_User said:

Walk into any dealer with £10K in used notes and they'll be quite happy to take it off your hands.

Have you tried it recently? My dad used to always try to buy cars with cash, last time he tried they refused to even take the deposit from him despite having £4k in notes sat on the desk, it's just not worth working in cash for a lot of dealerships. It needs to be kept safe, paid into a bank and so on.
Plus dealerships don't want outright payment; they want the commission from finance so even walking in and trying to pay on debit card doesn't have the appeal you'd assume.

maxmycardagain said:

Dealers/Traders prefer sales on finance - for their 6% commission and a part-ex to add value to the deal (for them)

It might be true that dealers prefer finance so they can get their commissions, but they are still not going to turn down a cash (debit card/bank transfer) buyer. Even with a cash buyer there are still opportunities to up sell paint protection and service plans which attract commissions also.

neilmcl

maxmycardagain said:

neilmcl said:

maxmycardagain said:

neilmcl said:

maxmycardagain said:

David713 said:

AdrianC said:

And, yes, just pay the flippin' cash into the flippin' bank.

The only problem with doing that is that paying in such a large amount of cash might well end up triggering money laundering checks, especially if no similarly large amounts have ever been paid in before and in the worst case, could see the account frozen for a while.
Even if it's broken down in to smaller amounts, multiple cash deposits over a relatively short period might have the same effect.

I know it might not happen but it's worth thinking about.

Plus..........its a trip into town to bank it, then drive 150 miles each way to view, then the same to collect

jeez

Err, why.? If the money's in the bank then you can use your bank debit card or bank transfer, why are you making this so complicated. 

Money cant walk to the bank, shes got to take it...
then 150 miles to view a car (which she may buy) 150 back
then 150 to buy the car and 150 for it to get back...

Wow, is it really that difficult, plus the whole premise of your thread was that you didn't want to be making two 150 mile trips.

two 300 mile trips.......150 each way twice

Did you actually want to listen to any advice or are you just intent on continuously arguing the toss.

maxmycardagain

neilmcl said:

maxmycardagain said:

neilmcl said:

maxmycardagain said:

neilmcl said:

maxmycardagain said:

David713 said:

AdrianC said:

And, yes, just pay the flippin' cash into the flippin' bank.

The only problem with doing that is that paying in such a large amount of cash might well end up triggering money laundering checks, especially if no similarly large amounts have ever been paid in before and in the worst case, could see the account frozen for a while.
Even if it's broken down in to smaller amounts, multiple cash deposits over a relatively short period might have the same effect.

I know it might not happen but it's worth thinking about.

Plus..........its a trip into town to bank it, then drive 150 miles each way to view, then the same to collect

jeez

Err, why.? If the money's in the bank then you can use your bank debit card or bank transfer, why are you making this so complicated. 

Money cant walk to the bank, shes got to take it...
then 150 miles to view a car (which she may buy) 150 back
then 150 to buy the car and 150 for it to get back...

Wow, is it really that difficult, plus the whole premise of your thread was that you didn't want to be making two 150 mile trips.

two 300 mile trips.......150 each way twice

Did you actually want to listen to any advice or are you just intent on continuously arguing the toss.

simply correcting his maths.................

maxmycardagain

A solution has been found (Hurrah!)
No banks will be involved 

Herzlos

Do we get to know what the solution is?