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How much cash ?????

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Old 29 October 2010, 06:49 PM
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alanbell
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Default How much cash ?????

Can I give a dealer ????? Buying a car tomorrow ,
Old 29 October 2010, 07:15 PM
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pandyman
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Originally Posted by alanbell
Can I give a dealer ????? Buying a car tomorrow ,
IIRC the rules/law surrounding cash purchase are anything up to £9000 and your ok.
Suggest you google " cash purchase max value* or something like that, i'm sure you'll come up with the right answer

Andy
Old 29 October 2010, 07:30 PM
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daz1968
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I thought it was 10k, but if you have cash can pay 10k one day then the rest the following day. I found it easier to pay on switch card though, nothing worse than watching your hard earned being handed over. A simple transaction and pin code don't feel as bad.
Old 29 October 2010, 07:36 PM
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Littleted
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wow u have more than 10k Cash ?

where u live fancy a beer
Old 29 October 2010, 07:38 PM
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Maximum of £11k in total before we have to notify authorities of potential money laundering. but some dealers won't accept that much.

And no, you can't pay more than that by splitting it into more than one payment, it is £11k total !

Debit card is the way we take balances now, we require 10 days to clear building society cheques and have to phone the issuing branch if you want to pay by bankers draft.
Old 29 October 2010, 07:54 PM
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wrx287
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Done all my deals with a bankers draft or money transfer. Save running the risk of getting clobberd by some hoodies aswell.
Old 29 October 2010, 07:59 PM
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were aloud to take 5k max, not sure on the law though

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Old 29 October 2010, 08:04 PM
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neil1980
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Originally Posted by alanbell
Can I give a dealer ????? Buying a car tomorrow ,
All depends on wot dealer
Old 29 October 2010, 11:15 PM
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Midlife......
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I've paid by switch for my last couple of cars........just told the bank and it's a done deal

Before that it was a telegraphic transfer LOL

why on earth are you walking around with £10k in notes ?

Shaun
Old 29 October 2010, 11:21 PM
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Dirk Diggler 75
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CASH nudge,nudge,wink,wink,say no more.............lol.....
Old 30 October 2010, 12:50 AM
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scoobystiv8
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Really depends on the garage. Land Rover accepted a 16K deposit in cash without question a couple of years ago and I think the rules were the same then.
Old 30 October 2010, 02:39 AM
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dj_akademix
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Originally Posted by scoobystiv8
Really depends on the garage. Land Rover accepted a 16K deposit in cash without question a couple of years ago and I think the rules were the same then.

16k cash!!??!! what the hell do you do for a living?

I wasn't aware you couldn't pay more than a certain amount in cash. Why are the rules in place?
Old 30 October 2010, 05:26 PM
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super_ted
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Originally Posted by dj_akademix
16k cash!!??!! what the hell do you do for a living?

I wasn't aware you couldn't pay more than a certain amount in cash. Why are the rules in place?
are you really asking that as a serious question?? its to help prevent money laundering mate.
Old 30 October 2010, 06:08 PM
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sharpy2010
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Originally Posted by dj_akademix
16k cash!!??!! what the hell do you do for a living?

I wasn't aware you couldn't pay more than a certain amount in cash. Why are the rules in place?
Remember those idiots who flew a plane into a building? It all started tightening up after that, so you can blame them in my eyes. Before that it was all nice and easy, no money launder laws to fall foul off (especially if you arent money laundering, it can be really irritating!).

Opening a bank account seems nigh on impossible now, for almost exactly the same reasons.

The actions of a few spoil it for the majority, if you ask me.
Old 30 October 2010, 11:40 PM
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alanbell
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Got it, they will take as much as you want to give them .
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