14-11-11, 11:28 AM
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Member
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Join Date: Jul 2008
Location: Wiltshire, UK
Posts: 128
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Quote:
Originally Posted by Ronald G. Stephenson
The chap that started the thread with 'cash' buyer would not attract anyone in this league, unless the funds were ill-gotten, but that is merely an opinion from an American who sees this sort of thing all the time. Personally, there is not a car that was ever made that would prompt me to consider a transaction like this.
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'Cash buyer' in the UK usually means someone who will pay the full price at once, as opposed to someone buying with finance to be arranged. It doesn't mean someone turning up with a suitcase full of used £50 notes. More commonly the term 'cash buyer' is used for people who are cash buyers of property, but that just means that they have the funds available for immediate transfer and won't need to arrange a mortgage.
Money laundering regulations here mean that UK banks are obliged to report any unusual deposits of large amounts of currency. |
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