Selling my sisters car privately

Lexus1976 · 19-02-2007 3:11pm #1

Hi there,

I'm helping my sister sell her car privately....

I have the vehicle reg form..do i get the purchaser to sign this and send it off myself???

Is there any other forms I need?

How should i accept payment? Cheque etc...

Thanks, all advice appreciated..

19-02-2007 3:22pm

Purchaser signs it, you send it off. As for payment, personally I'd take cash, I know a few mates of mine have taken Bankers Drafts and never had any problems, "Stay away from cheques"

cantdecide · 19-02-2007 6:51pm

if i were the buyer, i'd be worried in case the seller would let me go, report the car stolen and i'd lose out. that' an extreme case but it depends on the amont in question. if it's not a lot of money, tell them you'd prefer cash. draft is next best. money transfer maybe?

this is the oldest question in the book between private buyers/ sellers.

20-02-2007 12:32am

Also another good tip is to do up a receipt and make a copy of it, one for you and one for the buyer.
Make sure to have the following on it :

Sellers name, address & signature
Buyers name & signature
Price
Type of payment received
Date & time of sale
and always put on receipt "Sold as Seen"

overdriver · 20-02-2007 8:39am

Obviously you haven't seen any Eastern European or African fake drafts. Cash is the only way, and even that is dodgy because of forgery. The solution is to meet and arrange payment in your bank, by bank transfer, or by lodging the cash there and then. The bank issues a reciept, and if there's any dud notes, they'll find them.

It depends how much we're talking about, too, though. If it's a small amount, I'd take a flutter on the cash and return any ropey looking notes to the buyer.

Selling my sisters car privately

Comments