Originally Posted by BogMonster
I'd be wary of large sums of cash these days. It's most likely either stolen or forged,
No its most likely genuine hard earned cash. There is of course a slim chance its counerfeit.
Lots of people use cash, I bought a boat a few weeks ago from someone in S wales. We did the deal over the phone. I had no intention of driving all the way there to view it and then wait three days for a cheque or bank transfer and then drive back there to collect. Instead I drove there, checked it was as described, handed a fist full of red ones over and took the boat away.
I sold a RIB a year or so ago and the situation was the same, te guy did the deal over the phone, came down from the East Coast and wanted to take the boat away the same day. He gave me a fistful of £20s, i checked it and gave him the boat.
money laundering laws mentioned earlier do not apply to private sales.
If you are really suspicious of the guy buy a £10 UV money checker, count it, compare the notes with each other, check the serial numbers are different and just be a bit street wise.
Having taken a pile of cash of him you might find it helps negotiations in your next purchase, despite what al the worriers on here have said there are still many people who will do you a better deal for cash and don't want funds going through banks.
A lot of buyers have cash to spend because they earn cash, your only worry is wether your conscience can cope with knowing that they might not have paid tax on it.