Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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if i won the 150m like that couple i'd say i won the millionaire raffle instead 
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SetH
Member
Registered: 15th Jul 01
User status: Online
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the problem with cash in hand is that no bugger takes it iirc?
Ie if I walked up to a dealer and wanted to pay them 30k for a brand new car I would get grief?
Also If I walked in a travel agent and booked a 7k holiday to dubai I would get grief?
So how would you get round that?
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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pay them more
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by SetH
the problem with cash in hand is that no bugger takes it iirc?
Ie if I walked up to a dealer and wanted to pay them 30k for a brand new car I would get grief?
Also If I walked in a travel agent and booked a 7k holiday to dubai I would get grief?
So how would you get round that?
Do you mean £30k in physical cash? Or just £30k outright with no finance?
Reasons for not accepting the former is probably anti-money laundering.
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SetH
Member
Registered: 15th Jul 01
User status: Online
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30k in physical cash.
I have heard people quote various thresholds that dealers will not accept. One even as low as anything over 6k!
So if you were a lotto winner (with money under your matress) or a fishing tackle seller then how would you pay for cars, holidays etc.
you cant just pay 30k into your bank and then wander over to BMW and pay on your debit card now can you.
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nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: koda Fabia VRS 5J
User status: Offline
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quote:
Originally posted by Whittie
quote:
Originally posted by nathy_87
I then went to check out a Lamborghini Gallardo for £132k and this what made me laugh the insurance is only £3,600.  How?
What do you mean how?
For a supercar like that, and it's price-tag I would've thought t'd be 10x more.
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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There will be ways round it. If you can prove the cash came from a legitimate source, they should accept it.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote:
Originally posted by Gary
Bet you'd still live in your mums house and play with lego.
Me?
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SetH
Member
Registered: 15th Jul 01
User status: Online
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quote:
Originally posted by James
There will be ways round it. If you can prove the cash came from a legitimate source, they should accept it.
Sounds a bit wishy washy that to be honest.
Without a clear cut process and guidelines how would you prove to a dealer that it came from a legitmate source?
Piece of paper, receipt? lotto ticket? statement from a Solicitor/bank? The variables are endless.
Does anyone here work for a car dealership? Is there a limit on how much cash you accept? what guidelines are given to you?
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sc0ott
Member
Registered: 16th Feb 09
User status: Offline
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Take advice from jimmy carr
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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quote:
Originally posted by SetH
the problem with cash in hand is that no bugger takes it iirc?
Ie if I walked up to a dealer and wanted to pay them 30k for a brand new car I would get grief?
Also If I walked in a travel agent and booked a 7k holiday to dubai I would get grief?
So how would you get round that?
You used to (and in some cases still do) get discounts for paying cash although this is getting smaller as most are making their money through finance deals.
My old man walked in off the street and paid cash for my old dears Merc. They had to do some checks but accepted it perfectly fine.
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BarnshaW
Member
Registered: 25th Oct 06
User status: Offline
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yes i would go public and then all the begging letters i got i would use as kindle for my big fire in its marble surrounding in my house.
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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quote:
Originally posted by 3CorsaMeal
i'd buy all the milk and bread from the local shops, to annoy people
I don't normally laugh at Jims bullshit posts but that made me chuckle.
As said depends on how much I won, if it was £100m+ then the press would do all they could to find out anyway, just go on holiday for a month somewhere, when you come back no-one would care anyway.
Also, I would do the credit card thing with my mates, and give a considerable amount to family.
(and make my mate fight an Ostrich)
[Edited on 15-08-2012 by Cavey]
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by Hammer
Like fuck the taxman would be finding out about 'gifts' to family and friends.
unless they keep it under a mattress, theyd find out from the banks
I could work with that.
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by BarnshaW
yes i would go public and then all the begging letters i got i would use as kindle for my big fire in its marble surrounding in my house.
I would ask people to write to me with how much they want and what they would do with it.
So if someone wanted £10k so take their family to disney land, I would use the money to take myself to disney land. I would then send them pictures of me enjoying the holiday they wanted me to fund and a letter thanking them for the inspiration.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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my nan went to buy a car recently (8.5k) and wanted to pay in cash.
the dealer (mercedes) told her she couldn't as the most they take in cash is 5k
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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the main issue is cost, as opposed to regulation. for a start, they'd have to somehow get this cash to a bank and then pay the bank a huge amount in handling fee to process it, thats why. money laundering regulations are very easy to satisfy for a clean company
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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I wouldnt go public, but if its mega win (Euro lottery), your likley to be found out pretty quickly. I would just payrole some not very nice people to keep things sweet
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flybikeslee
Member
Registered: 2nd Jan 07
Location: Liverpool
User status: Offline
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quote:
Originally posted by Jamie Walby
quote:
Originally posted by BarnshaW
yes i would go public and then all the begging letters i got i would use as kindle for my big fire in its marble surrounding in my house.
I would ask people to write to me with how much they want and what they would do with it.
So if someone wanted £10k so take their family to disney land, I would use the money to take myself to disney land. I would then send them pictures of me enjoying the holiday they wanted me to fund and a letter thanking them for the inspiration.
brilliant, sure that's on a film too!
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Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
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quote:
Originally posted by Robin
quote:
Originally posted by Gary
Bet you'd still live in your mums house and play with lego.
Me?
3CM.
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Dave
Member
Registered: 26th Feb 01
Location: Lancs
User status: Offline
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quote:
Originally posted by SetH
quote:
Originally posted by James
There will be ways round it. If you can prove the cash came from a legitimate source, they should accept it.
Sounds a bit wishy washy that to be honest.
Without a clear cut process and guidelines how would you prove to a dealer that it came from a legitmate source?
Piece of paper, receipt? lotto ticket? statement from a Solicitor/bank? The variables are endless.
Does anyone here work for a car dealership? Is there a limit on how much cash you accept? what guidelines are given to you?
If you accept payments over about £10k you have to registered to do so with HMRC.
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SetH
Member
Registered: 15th Jul 01
User status: Online
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Ok, some reponses there.
however,
WTF do all this fishing tackle sellers do then when they buy a 40k car from their proceeds 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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pay with a debit card. they didn't have a problem with that.
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SetH
Member
Registered: 15th Jul 01
User status: Online
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Ok so everytime the fishing tackle seller off loads a few KG of product and lets say for arguements sake he gets 20k cash per transaction. Are you trying to say he walks into his local branch of barclays and pays it in no questions asked? Again for arugements sake lets say he does this 10 times over the space of a year. He then swans around paying for 30k motors with his debit card
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