Cash Buyer

[Jizm]

Originally Posted by martini

I recently bought a Rangerover L322 for 5 figures, the guy who was a car dealer wouldn't take anything other than cash. Met him in a carpark, handed over the cash and he handed over the keys, job done

Have you checked it's not a ringer?

[Erin]

Originally Posted by gotchiguy

gst

I think you may have missed the subtle reference to an old tv program

[gotchiguy]

Thank you for clearing that up for me, its now clearly in black and white. Its magnificent that you would do such a thing

[CJL]

Originally Posted by Zippy

£2K? that seems very low!?

h

Based on my experience a few years back;-

Any regular cash deposit of over 5k is flagged to HMRC for business transactions. Single cash deposits of 15k for anybody are flagged regardless of who the depositor is.

I've bought and sold many boats and I normally ask for a same day transfer - costs £20 and is cleared funds.

C

[Nos4r2]

Take buyer to his bank. Get them to issue a bank draft in front of you, which they hand straight to you. Walk to your bank and pay it in...

[martini]

Originally Posted by Jizm

Have you checked it's not a ringer?

If it is nicked I doubt they'll find it over here

If they do take it off me I'll just go back and meet him in another carpark...and take the Glock with me this time

[martini]

Originally Posted by Erin

I think you may have missed the subtle reference to an old tv program

Bit before the young man's time!

Although no doubt my great grand kids will still be watching the repeats

[Mollers]

Originally Posted by martini

... I'll just go back and meet him in another carpark...and take the Glock with me this time

What if he's in a DeLorean?

[Nos4r2]

Originally Posted by Mollers

What if he's in a DeLorean?

Make sure the carpark isn't big enough for it to reach 88mph

[lakelandterrier]

Well, grateful as ever fro the wide range of views, I think the risk presented to me is counterfe
it cash - if the buyer's not genuine.

If I can be sure of their identity and address (And I have ideas on how to do this) the real risk to me is low isn't it?

There must be easier ways of passing of dud money than buying a rib - especially mine!

[markg]

there are still some decent people around, i sold my westfield v8 last year the guy that bought it was in scotland north of glasgow somewhere, he saw the pics posted me a cheque, it cleared and i drove it up and met him at gretna, it was just under 10k but the bank still asked where it came from,

[Channel Ribs]

Originally Posted by Anchorhandler

More and more its seems its the banks who are the most scared of cash.

Deffo! I think I have posted on here before that there may soon be a gap in the market for an organisation that takes your money, keeps it safe, maybe lends it to safe borrowers and then pays modest interest to those who have lodged the money with them. The current banks seem to be doing this well-established trade less and less!

[benc]

Originally Posted by malthouse

Deffo! I think I have posted on here before that there may soon be a gap in the market for an organisation that takes your money, keeps it safe, maybe lends it to safe borrowers and then pays modest interest to those who have lodged the money with them. The current banks seem to be doing this well-established trade less and less!

Something like this you mean? - http://uk.zopa.com/ZopaWeb/

[Channel Ribs]

Originally Posted by benc

Something like this you mean? - http://uk.zopa.com/ZopaWeb/

lol Yeah - pretty much!

[lakelandterrier]

Well the sale went through absolutely fine on Sunday.
Met the buyer at the yard (having informed the office of the likely transaction)
Checked the boat, checked each other's ID - by driving licence, noted car model & registration, handed over agreed cash which I counted, handed over keys & paperwork , buyer drove off with boat.
Cash paid into bank Mon morning, credited & moved to Building Society MOn evening.

Buyer has nice rib for a good price , I have the dosh (not quite as much as I wanted, but will save on storage & insurance for 6 months) - so all satisfactory.

Thanks to all for advice & opinions.

[Channel Ribs]

Originally Posted by lakelandterrier

Buyer has nice rib for a good price , I have the dosh (not quite as much as I wanted, but will save on storage & insurance for 6 months) - so all satisfactory.

Shopping for a replacement yet?

[lakelandterrier]

Yes - new boat already ordered - so quite galad to have made sale & have some of the money banked!

It' s a Ribcraft 5.3, double console 4 x single jockeys, & some bells if not whistles.
got a good winter build price, due for collection in March. Roll on next season!

[tonymac]

Originally Posted by willk

I'd be wary of dodgy money too - which is why I'd check it - specially if the notes were all new (wouldn't like that at all) but it's not the best way to unload dodgy money - where you know the seller will check it and you have to stand there...

The other side of this deal is why would the buyer trust you with his money? (to your bank account) - good grief, you might be a criminal!

My workplace lodges tens of thousands of euro/pounds in cash every week - the bank always seems happy enough to get it.

I say again, cash, it's just money - honey

Any chance I could pass on a few Northern Bank £20s in your direction Willk?

[willk]

Originally Posted by tonymac

Any chance I could pass on a few Northern Bank £20s in your direction Willk?

No probs dude. I believe the going rate is 10% of face value.

Mind you, the real ones are headed the same direction...