Bringing 10k+ CASH To Uk to buy car .. is there a limit ??

mikemike

When flying to UK to buy a car (already checked out and inspected) is there a limit you can carry with you ?
A friend said €10,000 max or you have to declare it ..
how does this work , if it's over 10k do you have to prove where the cash came from , bank receipts etc. or what's the story ??
what if 2 of you travelled with half each ??

thanks .

drunkmonkey

kennedy bonds are probably your safest bet...

eyesofvenus

Info here mate.
http://ukinusa.fco.gov.uk/en/faqs/money-postage/bring-money

Gumbo

the 10k limit is a government law that is in operation, which your friens is correct in saying you will have to declare it.

BUT, be carefull, have you checked with the seller and if they will accept the cash?

when i bought my last 2 cars in England, the seller would NOT accept cash and want a bank draft instead, and the draft had to be from an accepted bank to them, ie. they said they could accept an AIB draft. although they were dealers, privately may be different.

eyesofvenus

kceire wrote: »

the 10k limit is a government law that is in operation, which your friens is correct in saying you will have to declare it.

You sure thats not just for non eu nationals travelling to uk like the site i linked above implies?

Gumbo

eyesofvenus wrote: »

You sure thats not just for non eu nationals travelling to uk like the site i linked above implies?

sorry yeah, its only if your entering or leaving the EU -

From 15 June 2007 if you are entering or leaving the European Union and carrying €10,000 or more cash you must make a declaration to the Customs authority of the member state you are entering or leaving. Under Regulation (EC) 1889/2005 you must lodge the declaration at the airport, seaport or land frontier through which you are entering the EU .

but the point i was trying to push, was that the buyer (OP) may travel all the way, pick out a car and then for the seller to turn around and say no, we dont accept that much cash!

Berty

No big deal if the seller wants a draft. Head into the nearest prime lending bank and ask for a draft. Its only a cashiers cheque so they will be happy to do it.

The seller dealer will probably tell you what the best bank is for that type of transaction anyway i.e the one they bank with.

mikemike

thanks for all the info ,,

but cash was the agreed payment , by both of us .
if I use a draft , I won't be able to collect the car until he's satisfied that it's not a dodgy draft ... so I'd have to wait maybe 4/5 days for it to clear properly as it were ..

if the money's divided between 2 of us , would that be ok ?

I'm an Irish national/citizen

eyesofvenus

mikemike wrote: »

thanks for all the info ,,

but cash was the agreed payment , by both of us .
if I use a draft , I won't be able to collect the car until he's satisfied that it's not a dodgy draft ... so I'd have to wait maybe 4/5 days for it to clear properly as it were ..

if the money's divided between 2 of us , would that be ok ?

I'm an Irish national/citizen

Because you are travelling from one EU country to another you dont have to declare what you are bringing

mikemike

many thanks for that , that's cleared it up for me ..
I'm still not declaring to the wife though