Buyers wanting to pay cash only for cheapish car

[rlg43p]

normalbloke said:

https://www.bbc.co.uk/news/articles/c1wze4qxqqwo
The only sensible way to accept cash, is agree that they walk into your bank and pay it into your account themselves in front of you..

This ^

[Oceanrower]

rlg43p said:

normalbloke said:

https://www.bbc.co.uk/news/articles/c1wze4qxqqwo
The only sensible way to accept cash, is agree that they walk into your bank and pay it into your account themselves in front of you..

This ^

Or you could just do what people have done for hundreds of years and take the legal tender…

[Tisy]

Oceanrower said:

Or you could just do what people have done for hundreds of years and take the legal tender

bUt oNlY fRaUdStErS uSe cAsH iN tHe yEaR 2026 !

I find if very sad that seemingly the majority of the population see cash as some sort of illicit method of payment and you are clearly dogdy / up to no good / not paying your taxes / should be locked up for life for not being an obedient government citizen and not using a fully trackable digital method. Turkeys voting for Christmas, spings to mind.

[fooman]

Tisy said:

Oceanrower said:

Or you could just do what people have done for hundreds of years and take the legal tender

bUt oNlY fRaUdStErS uSe cAsH iN tHe yEaR 2026 !

I find if very sad that seemingly the majority of the population see cash as some sort of illicit method of payment and you are clearly dogdy / up to no good / not paying your taxes / should be locked up for life for not being an obedient government citizen and not using a fully trackable digital method. Turkeys voting for Christmas, spings to mind.

The only people I know who continue to trade in large sums of cash are dodgy. They seem to like to tell me so.

[Tisy]

fooman said:

The only people I know who continue to trade in large sums of cash are dodgy. They seem to like to tell me so.

Well your sample size of 1 confirms it's true for everyone then !

[pteron]

Tisy said:

fooman said:

The only people I know who continue to trade in large sums of cash are dodgy. They seem to like to tell me so.

Well your sample size of 1 confirms it's true for everyone then !

https://www.gov.uk/government/statistics/measuring-tax-gaps/1-tax-gaps-summary

"the tax gap from small businesses is the largest component of the tax gap by customer group at a 60% share in 2023 to 2024; the tax gap from wealthy makes up the lowest proportion of the tax gap at 5% in 2023 to 2024"

The only time I personally am invited to dodge tax is by small businesses offering to skip the VAT if I pay cash.

[Furbo]

fooman said:

Tisy said:

Oceanrower said:

Or you could just do what people have done for hundreds of years and take the legal tender

bUt oNlY fRaUdStErS uSe cAsH iN tHe yEaR 2026 !

I find if very sad that seemingly the majority of the population see cash as some sort of illicit method of payment and you are clearly dogdy / up to no good / not paying your taxes / should be locked up for life for not being an obedient government citizen and not using a fully trackable digital method. Turkeys voting for Christmas, spings to mind.

The only people I know who continue to trade in large sums of cash are dodgy. They seem to like to tell me so.

Fooman: Dave, I am really not at all comfortable with your continual and persistent insistence upon large transactions in cash.

Dave: Foo, man, what exactly is your problem?

Fooman: My assumption Dave, is that the manner in which you accept my payments, means you will not be paying tax and NI in the manner required of everyone who is economically active in the UK.

Dave: Well you see, foo, some businesses just don't operate any other way.

Fooman: Utter nonsense Dave. Your unquestionably devious handling of cash is depriving HMRC of much-needed revenue. It is revenue that the NHS and our schools desperately need.

Dave: But foo... man... there are some things that you are fundamentally overlooking....

Fooman... NONSENSE Dave, I shall hear no more of it.....

Dave: Alright Bro', I'll look into it. Now was that half an ounce of puff, two of the charlie and ten pills? Need to get on mate, got other people to see.

The characters portrayed are entirely fictitious and any similarity to persons living or dead is entirely coincidental.

[Countdown]

fooman said:

Tisy said:

Oceanrower said:

Or you could just do what people have done for hundreds of years and take the legal tender

bUt oNlY fRaUdStErS uSe cAsH iN tHe yEaR 2026 !

I find if very sad that seemingly the majority of the population see cash as some sort of illicit method of payment and you are clearly dogdy / up to no good / not paying your taxes / should be locked up for life for not being an obedient government citizen and not using a fully trackable digital method. Turkeys voting for Christmas, spings to mind.

The only people I know who continue to trade in large sums of cash are dodgy. They seem to like to tell me so.

Wait....what? Are you suggesting all those takeaways that turn over '000s but only take cash payments are somehow.....dodgy?

PH : the Guv'mint should be investigating all those High Street turkish barbers

Also PH : Nothing wrong with taking cash, lots of legitimate businesses do it

[Strocky]

paul_c123 said:

I've worked in banks before. Sure, there's anti money laundering controls but the thresholds are pretty high. You occasionally hear of these stories of "debanking" but we never hear the whole story, and there's normally a LOT more to it than simply paying in one large amount - for example persistently over credit limits, or non-paying of monthly minimum payments, or anomolies with their address, or links to fraud, or CCJs (which appear on a credit report, which are regularly reviewed by banks, not just at account opening). And a lot of people simply don't understand banking, or how to run their account properly.

A fair point but in the event of a debanking what info is sent to the customer and is there a right of appeal?

[Strocky]

MrCarrot said:

Thanks for all the replies. In the end I said I would accept cash but would want to pay it into my account at the Post Office with the buyer present, which he said was fine.

I sold the car today. Chap came with his friend who gave him a lift and second opnion on the car. I think to be honest they were both as nervous buying from a random stranger as I was selling to one.

After they inspected the car and we did a test drive I invited them in, we went through the paper work and I counted and checked the money. It was all new, clean notes so easy enough to do. I didn't bother with the Post Office in the end and just paid it into my bank later on that day.

Ownership transfer was completed with what looked like legitimate name and address details. I can only speculate why he wanted to pay in cash, but that's his business rather than mine.

Thanks all.

All's well that ends well

[CMTMB]

Tisy said:

I find if very sad that seemingly the majority of the population see cash as some sort of illicit method of payment and you are clearly dogdy / up to no good / not paying your taxes / should be locked up for life for not being an obedient government citizen and not using a fully trackable digital method. Turkeys voting for Christmas, spings to mind.

I don't think it's only fraudsters who insist on using cash, plenty of elderly people do and those who don't trust / understand technology. Speaking from my own experience though everybody I know who uses cash is self employed and simply avoiding tax.

[paul_c123]

Strocky said:

A fair point but in the event of a debanking what info is sent to the customer and is there a right of appeal?

At the end of the day banks are commercial operators and can choose customers, or choose to no longer have a relationship with a customer. I believe most banks give 30 days notice of closure of a current account (but may vary - and it will be in the T&Cs). There is always the right to complain but rarely do these things get upheld, so long as the bank communicated. They don't need to give a reason to close an account.

If an account is frozen for AML (Anti-Money-Laundering) reasons, the customer will NEVER knowingly be informed of this or know any details from the bank.

[Mr Tidy]

MrCarrot said:

Thanks for all the replies. In the end I said I would accept cash but would want to pay it into my account at the Post Office with the buyer present, which he said was fine.

I sold the car today. Chap came with his friend who gave him a lift and second opnion on the car. I think to be honest they were both as nervous buying from a random stranger as I was selling to one.

After they inspected the car and we did a test drive I invited them in, we went through the paper work and I counted and checked the money. It was all new, clean notes so easy enough to do. I didn't bother with the Post Office in the end and just paid it into my bank later on that day.

Ownership transfer was completed with what looked like legitimate name and address details. I can only speculate why he wanted to pay in cash, but that's his business rather than mine.

Thanks all.

Good to hear there was a happy ending.

I've never had an issue selling cars for cash!