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high price private sale

cantdecide · 2007-01-27 12:46:30

hello all, i'm helping a relative sell his car privately. the car is worth around 40k and i need to know what the best method of payment is. i don't want to end up with a forged draft and no car:eek: :eek: :eek: i also don't want to p*ss off the buyer. is holding onto the licensing cert enough in the eyes of the law? i'm…

27-01-2007 12:46pm

#1

cantdecide

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hello all,

i'm helping a relative sell his car privately. the car is worth around 40k and i need to know what the best method of payment is.

i don't want to end up with a forged draft and no car:eek: :eek: :eek:

i also don't want to p*ss off the buyer.

is holding onto the licensing cert enough in the eyes of the law? i'm not very comfortable about letting the car out of my site.

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Comments

#2 27-01-2007 12:55pm

Seth Brundle

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safest payment methods are cash or in-bank credit transfer.
If taking payment by cheque or draft then make sure it has cleared before you let the car go.
Also ask to see the persons licence and insurance* and write down their details.

* presumably you would be doing this before they test drive the car to make sure they are covered and/or for penalty points

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#3 27-01-2007 1:18pm

cantdecide

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am i right in thinking credit transfer is the quicker and more secure method, Killian?:)

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#4 27-01-2007 1:43pm

Seth Brundle

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Its secure insofar that its done within the bank.

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#5 27-01-2007 4:05pm

cantdecide

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thanks Killian.:)

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