Accepting cash when selling a car.

Questions and answers regarding your tax return or investments
Post Reply
alma.freya
Posts: 233
Joined: Sun Mar 03, 2024 11:00 am
Location: Ostfriesland
Has thanked: 193 times
Been thanked: 166 times

Accepting cash when selling a car.

Post by alma.freya »

I would like to sell my car and a friend wants to buy with majority bank transfer and partially cash (2k). We will complete a sales contract with this information.

Any cause for concern or is this an acceptable form of payment?
User avatar
PandaMunich
Posts: 447
Joined: Sat Feb 17, 2024 3:26 pm
Location: Munich
Has thanked: 116 times
Been thanked: 690 times
Contact:

Re: Accepting cash when selling a car.

Post by PandaMunich »

It's not a problem.

From 2026, for sales that involve at least one business, cash payments of over 10,000€ will be prohibited: https://curentis.com/en/anti-financial- ... -000-euro/
But that wouldn't apply to you anyway, since it is a sale between 2 private persons, i.e. not B2C but C2C and even if it had been B2C, it would have been under the 10k€ limit.
Post Reply