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  #41  
Old 08.03.2015, 13:29
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Re: Selling a car - buyer wants to pay cash

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None.

Cash is still perfectly acceptable in CH, thankfully. I've even walked into a Post Office and asked for 60k in cash to pay for a car. The only problem was that they apologised for only having 30k in one thousand franc notes, and did I mind having the rest in 500s.
hm, good story but either it's very old or not quite true. 500s are out of circulation for quite a while.
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  #42  
Old 08.03.2015, 15:49
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Re: Selling a car - buyer wants to pay cash

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There is no indication of the price of the car or what it is, unless I missed that, so where did you pull 100k from?.

Cash is simply not an issue here, people can offer to pay for goods in whatever manner they chose, and it is up to the seller to accept it. The OP said he preferred a bank tx, the buyer wants cash, simply agree the terms document a cash payment and thats that.

I groaned as I have sold many cars in the past and never once not accepted cash when offered, a few times a cheque (those were the days) was offered and I simply said the car stayed until funds cleared. Further, I would not consider to "check him out on the internet", and certainly would not start a thread in a public forum about it. A banker showing distrust.... oh the irony
There is no Irony about being a banker and showing mid trust. Actually being a banker requires me to know the source of money be it for personal or professional reasons. Actually having worked in the industry, I know all sorts of sources of money that you wouldn't even think of in your wildest dreams. This is actually being a good citizen. BTW, this is the first time I am selling a car directly. Usually I just sell it to my garage.

This is a great forum and I actively recommend people to it. Alas, the mobbing has not gone away - pity!!
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  #43  
Old 08.03.2015, 16:01
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Re: Selling a car - buyer wants to pay cash

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There is no Irony about being a banker and showing mid trust. Actually being a banker requires me to know the source of money be it for personal or professional reasons. Actually having worked in the industry, I know all sorts of sources of money that you wouldn't even think of in your wildest dreams. This is actually being a good citizen. BTW, this is the first time I am selling a car directly. Usually I just sell it to my garage.

This is a great forum and I actively recommend people to it. Alas, the mobbing has not gone away - pity!!
Trust me 15 years with Rotshchilds and RBS, I very much doubt it.

Maybe this making type of post in an open forum and not liking it because folks don't like/disagree with it and its premiss is not mobbing.... long live free speech and the mediums that allow it.
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  #44  
Old 09.03.2015, 05:15
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Re: Selling a car - buyer wants to pay cash

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There is no indication of the price of the car or what it is, unless I missed that, so where did you pull 100k from?.

Cash is simply not an issue here, people can offer to pay for goods in whatever manner they chose, and it is up to the seller to accept it. The OP said he preferred a bank tx, the buyer wants cash, simply agree the terms document a cash payment and thats that.

I groaned as I have sold many cars in the past and never once not accepted cash when offered, a few times a cheque (those were the days) was offered and I simply said the car stayed until funds cleared. Further, I would not consider to "check him out on the internet", and certainly would not start a thread in a public forum about it. A banker showing distrust.... oh the irony
A banker should probably be smart enough to show distrust. As he later points out, money laundering enforcement has become even stricter in recent years... Never mind the risks to the seller associated with counterfeiting.

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Trust me 15 years with Rotshchilds and RBS, I very much doubt it.
Maybe the OP is a successful banker? Anecdotes do not evidence make, but even outside the banking industry, I'm required to have a fairly thorough understanding of how my clients come by their money; and my clients in the industry have to do much, much more.
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Old 09.03.2015, 08:34
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Re: Selling a car - buyer wants to pay cash

Anything up to 20k in cash for a car purchase is not going to set alarm bells ringing - over that and I might be a little more suspicious - but then is also depends on how that money was denominated.

A stack of 20*1000chf is going to set off less alarm bells than 400*50chf.
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  #46  
Old 09.03.2015, 10:28
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Re: Selling a car - buyer wants to pay cash

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hm, good story but either it's very old or not quite true. 500s are out of circulation for quite a while.
See previous replies.
Selling a car - buyer wants to pay cash
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Old 09.03.2015, 10:33
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Re: Selling a car - buyer wants to pay cash

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I have no clue what the op is selling, but I'd be very curious to see all the groaners accept cash for a 100k+ car.
Well there really aren't likely to be many cases where a 100k+ car is being sold by a normal individual, but if it were, then why would they be reluctant to take it? The only reason I could think would be if you were uncertain whether you could recognise forged currency, which as we all know happens all the time in this corrupt country.
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Old 09.03.2015, 10:40
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Re: Selling a car - buyer wants to pay cash

Well, the good news is that you should have high confidence in the notes if you're accepting 1'000CHF notes:

Swiss notes are virtually impossible to forge. In 2012, only 134 CHF1,000 notes – or one in a million – have been identified as counterfeit, 11 were colour copies and 123 made by ink-jet printing, according to Federal Office of Police (fedpol).

The forgeries were “mostly substandard counterfeits, produced with unsophisticated equipment and easily recognizable as such since there were no security features,” according to fedpol.

http://www.swissinfo.ch/eng/thousand...asure/36439396

On the other hand, this is probably why the OP was reluctant to take cash for a large purchase -- it's reputation elsewhere:

British bank wholesalers agreed to stop selling the €500 euro note back in 2010 after an investigation by the Serious Organised Crime Agency (SOCA) in Britain found that nine out of ten of the pink notes were used by criminals for illegal activities such as bribes, tax evasion, money laundering and terrorism.
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  #49  
Old 09.03.2015, 11:58
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Re: Selling a car - buyer wants to pay cash

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Well there really aren't likely to be many cases where a 100k+ car is being sold by a normal individual, but if it were, then why would they be reluctant to take it? The only reason I could think would be if you were uncertain whether you could recognise forged currency, which as we all know happens all the time in this corrupt country.
100k was a number taken out of thin air. Could be 50k, could be 200k. I'm pretty sure that for everyone there is an amount where they will start to be reluctant about accepting cash, for a variety of reasons (with suspicion of terrorist or drug money being totally over the top, btw).
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  #50  
Old 09.03.2015, 12:25
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Re: Selling a car - buyer wants to pay cash

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Well there really aren't likely to be many cases where a 100k+ car is being sold by a normal individual, but if it were, then why would they be reluctant to take it? The only reason I could think would be if you were uncertain whether you could recognise forged currency, which as we all know happens all the time in this corrupt country.

Especially thoes who try and give Chf 500.-- notes
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