Cash Deposit? - GT-R Register - Official Nissan Skyline and GTR Owners Club forum

dilz87 · 29th August 2008, 03:30 PM

can the NHPC be paid in cash for the £3,500 deposit?

am ordering monday,either way...

GT-Racer · 29th August 2008, 04:41 PM

I don't see why not. Personally, I'd rather use the credit card and get my 1% cashback, but that's your preference...

charles charlie · 29th August 2008, 06:37 PM

Somewhat daft question.

Why also would you risk walking around with £3500 in cash?? Ever heard of BACS?

BigNige · 29th August 2008, 06:44 PM

possibly not. ask the garage. new money laundering laws exist now. & You couldn't buy the whole car with cash unless you had a note from the bank saying it was legit......!

davros · 29th August 2008, 06:56 PM

Quote:

Originally Posted by dilz87

can the NHPC be paid in cash for the £3,500 deposit?

am ordering monday,either way...

Money laundering regs are a bit of a nightmare - you need to produce lots of ID etc when paying any large sums of cash. Much better to pay it in to your bank account and pay on a debit card.

charles charlie · 29th August 2008, 07:30 PM

My post intended to point out that the OP's dad is paying for the deposit in cash.

Any grown man who is buying his son a £55k car should understand the implications of paying for anything with that much cash......

Anyway, google is your friend...

HMRC states that cash values of 15,000 euros and above require special attention from registered "High Value Dealers" (govnt speak for any company selling high value goods).

So in a nutshell, £3.5k is fine.

agent-x · 29th August 2008, 09:09 PM

3.5k is fine you shouldnt have any problems what so ever

however you should pay for it on credit card

always better to do a large purchase or deposit on card you have protection

dilz87 · 29th August 2008, 10:15 PM

thanks guys for your info! maybe around st.helens on monday so thought i'd take the cash with me,prbs jus use card. know its easier!

tomgtr · 30th August 2008, 06:33 AM

Nissan didnt allow payment by credit card as the deposit which they would get then would be (very marginally) less than the required 5000 Euro.

GTR FREAK! · 30th August 2008, 08:11 AM

money laundering states that no more than £7,500 can be taken at any one time, therefore you could pay seperate £7,500's and make your way up to the £55,00 whatever mark. Stupid but doable.

OllieMeff · 30th August 2008, 04:45 PM

We'll take £3500 cash. Especially as we're nearer to you than St Helens! As is Davros in Cambridge too!!

(Really sorry, couldn't resist the plug!

for me)

charles charlie · 30th August 2008, 05:07 PM

Didnt take long for the car salesman to smell the money.......

OllieMeff · 30th August 2008, 07:40 PM

Quote:

Originally Posted by charles charlie

Didnt take long for the car salesman to smell the money.......

C'mon Show mw the money.....show me the money!! lol

But seriously, i havn't seen that much cash in years in a car dealership. It's very rare we even see bankers drafts now. Debit cards are the way forward, until ID cards with credits on (a la total recall!) are about.

paulc · 30th August 2008, 10:19 PM

I usually pay for the whole car with debit card on day of pickup - much easier.
Once had a guy buy my 330sport convertible for £32k cash - all in a tesco carrier bag!

GT-Racer · 1st September 2008, 11:41 AM

Quote:

Originally Posted by GTR FREAK!

money laundering states that no more than £7,500 can be taken at any one time, therefore you could pay seperate £7,500's and make your way up to the £55,00 whatever mark. Stupid but doable.

Actually, that is not true. As someone that has been FSA regulated, multiple payments that sum to around 10,000 or above may well be highlighted as suspicious.

29th August 2008, 03:30 PM	#1 (permalink)
dilz87 GTROC Member Join Date: Mar 2008 Location: B'ham,U.K Posts: 38	Cash Deposit? can the NHPC be paid in cash for the £3,500 deposit? am ordering monday,either way...

30th August 2008, 06:33 AM	#9 (permalink)
tomgtr GTROC Member Join Date: May 2008 Location: Netherlands Posts: 172	Nissan didnt allow payment by credit card as the deposit which they would get then would be (very marginally) less than the required 5000 Euro. __________________ Silver Premium edition expected June 2009

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29th August 2008, 04:41 PM	#2 (permalink)
GT-Racer GTR Register Member Join Date: Apr 2008 Posts: 320	I don't see why not. Personally, I'd rather use the credit card and get my 1% cashback, but that's your preference...

29th August 2008, 06:37 PM	#3 (permalink)
charles charlie GTR Register Member Join Date: May 2008 Location: North West Posts: 462	Somewhat daft question. Why also would you risk walking around with £3500 in cash?? Ever heard of BACS?

29th August 2008, 06:44 PM	#4 (permalink)
BigNige GTROC Member Join Date: Jun 2008 Location: UK Posts: 341	possibly not. ask the garage. new money laundering laws exist now. & You couldn't buy the whole car with cash unless you had a note from the bank saying it was legit......!

29th August 2008, 07:30 PM	#6 (permalink)
charles charlie GTR Register Member Join Date: May 2008 Location: North West Posts: 462	My post intended to point out that the OP's dad is paying for the deposit in cash. Any grown man who is buying his son a £55k car should understand the implications of paying for anything with that much cash...... Anyway, google is your friend... HMRC states that cash values of 15,000 euros and above require special attention from registered "High Value Dealers" (govnt speak for any company selling high value goods). So in a nutshell, £3.5k is fine.

29th August 2008, 09:09 PM	#7 (permalink)
agent-x GTR Register Member Join Date: Jul 2008 Location: Manchester Posts: 547	3.5k is fine you shouldnt have any problems what so ever however you should pay for it on credit card always better to do a large purchase or deposit on card you have protection

29th August 2008, 10:15 PM	#8 (permalink)
dilz87 GTROC Member Join Date: Mar 2008 Location: B'ham,U.K Posts: 38	thanks guys for your info! maybe around st.helens on monday so thought i'd take the cash with me,prbs jus use card. know its easier!

30th August 2008, 08:11 AM	#10 (permalink)
GTR FREAK! GTR Register Member Join Date: May 2008 Posts: 344	money laundering states that no more than £7,500 can be taken at any one time, therefore you could pay seperate £7,500's and make your way up to the £55,00 whatever mark. Stupid but doable.

30th August 2008, 04:45 PM	#11 (permalink)
OllieMeff GTR Register Member Join Date: May 2008 Location: Oxford Posts: 204	We'll take £3500 cash. Especially as we're nearer to you than St Helens! As is Davros in Cambridge too!! (Really sorry, couldn't resist the plug! for me)

30th August 2008, 05:07 PM	#12 (permalink)
charles charlie GTR Register Member Join Date: May 2008 Location: North West Posts: 462	Didnt take long for the car salesman to smell the money.......

30th August 2008, 10:19 PM	#14 (permalink)
paulc GTR Register Member Join Date: Mar 2008 Location: Long Melford Posts: 222	I usually pay for the whole car with debit card on day of pickup - much easier. Once had a guy buy my 330sport convertible for £32k cash - all in a tesco carrier bag!