No they don’t want cash because they have changed the banking rules at some banks whereby only the account holder can make deposits. It is to reduce money laundering. So at some companies it is only the managing director who can deposit cash.?? Some car dealers for years will not take more than £3k in cash. I was told by a dealer once that cash over £5k is reported to the police to check for money laundering. ?
I have seen on forums were private sellers will not take cash but want transfers. Cash is perceived as dodgy now.