selling to a car dealer

triple-M

well basically, i have my car advertised for sale on carzone and i got a phone call from a car dealer saying he was interested in buying it(at a discounted price)eventually we came to a compromise and he sent a "rep" to check it out,the rep reported back to the dealer and gave the car the all clear,then the dealer rang me and said he will be out to collect the car during this week,im just wondering regarding payment what would be the safest way as the amount involved is nearly 10k he said he would bring me out a cheque when he's picking up the car,im just wondering if this is safe or not,just say if the cheque bounced would i have a comeback???or are there any safer ways to receive payment??

victor1

thats very unusual i'd say, what type of car is it/rare?

triple-M

victor1 wrote: »

thats very unusual i'd say, what type of car is it/rare?

no,not at all rare,quite the opposite tbh its an 05 passat tdi

thecutter

Id be wary on this, I personally wouldnt accept a cheque, id insist on a bank draft, a much safer bet.

victor1

Its just that with forecourts heaving, its unusual unless the dealer has a buyer lined up and will make a nice mark up on it

triple-M

victor1 wrote: »

Its just that with forecourts heaving, its unusual unless the dealer has a buyer lined up and will make a nice mark up on it

he did actually mention he had a buyer lined up,when i looked up his dealership tho he didnt have any passats so maybe he's genuine i also noticed that his dealership phone number was the same as his house number when i looked him up in the phonebook,so i take it he's one of these backyard dealers,dont know if that should make a difference tho,just say if i did accept the cheque and it bounced,would i have any comeback or would it be tough luck for me?

victor1

suggest insisting on a bank draft, do not accept a cheque

-Chris-

I'd also be very suspicious of this.

Does the dealer have a premises? I'd deliver the car to them rather than let them collect. I'd fill out all the change of ownership paperwork with them and get a copy of everything.
I'd take the cheque (business cheques are normally good) and I'd deposit it immediately.

If they give you any reason you can't deliver the car, if you're not sure if they have a premises etc.etc., walk away.

Sleipnir

Fake bank drafts are rife throughout the motor industry. If you do get a draft, write down the details such as issuing bank, serial number, date etc before you accept it and call the bank to confirm. They keep records of all the drafts they've made.

I would also be suspicious that if he is a backyard dealer, how does he have a buyer "lined up" for a '05 Passat? If you were buying a 05 Passat would you go into a dealer who doesn't have one in the hope that he'll get one or would you just go do a dealer who does have one??

Odd. Might be genuine, but odd nonetheless.

triple-M

AudiChris wrote: »

I'd also be very suspicious of this.

Does the dealer have a premises? I'd deliver the car to them rather than let them collect. I'd fill out all the change of ownership paperwork with them and get a copy of everything.
I'd take the cheque (business cheques are normally good) and I'd deposit it immediately.

If they give you any reason you can't deliver the car, if you're not sure if they have a premises etc.etc., walk away.

he does have a small premises in swords with 20 odd cars and judging by the background in the pictures of his cars for sale,it looks like his back garden,i'll tell him that i'd like to deliver it personally and i'd like a copy of everything to keep on file,i'll keep you posted on how it goes,and thanks to everyone for the advice

triple-M

Sleipnir wrote: »

Fake bank drafts are rife throughout the motor industry. If you do get a draft, write down the details such as issuing bank, serial number, date etc before you accept it and call the bank to confirm. They keep records of all the drafts they've made.

I would also be suspicious that if he is a backyard dealer, how does he have a buyer "lined up" for a '05 Passat? If you were buying a 05 Passat would you go into a dealer who doesn't have one in the hope that he'll get one or would you just go do a dealer who does have one??

Odd. Might be genuine, but odd nonetheless.

very true,i'll give him a call in the morning and i'll keep you posted on what he says,thanks

3ps

AudiChris wrote: »

(business cheques are normally good)

My recent experience with a main dealer would suggest otherwise.
Tread carefully.

s14 silvia

cash only on any car sale;)

robtri

Drop the car off at his place.....
and collect cash preferably and then bank draft allow 3 days to clear.....

trackcar

If the shoe was on the other foot do you think a dealer who did not know you would give you a car on a cheque or bank draft that had on cleared.

Darsad

If he wants to pay by cheque no problem .
Tell him he can have the car when the cheque clears your account .
i have done this previously but there is I suppose an element of trust needed on both sides.

solo1484

triple-M wrote: »

well basically, i have my car advertised for sale on carzone and i got a phone call from a car dealer saying he was interested in buying it(at a discounted price)eventually we came to a compromise and he sent a "rep" to check it out,the rep reported back to the dealer and gave the car the all clear,then the dealer rang me and said he will be out to collect the car during this week,im just wondering regarding payment what would be the safest way as the amount involved is nearly 10k he said he would bring me out a cheque when he's picking up the car,im just wondering if this is safe or not,just say if the cheque bounced would i have a comeback???or are there any safer ways to receive payment??

walk away!! run away!! that stinks of a scam...there are car 'dealers' bouncing cheques etc all over the motor industry now, it doesn't make sense for a car dealer t be buying a car when their not selling them at all.

NewApproach

solo1484 wrote: »

walk away!! run away!! that stinks of a scam...there are car 'dealers' bouncing cheques etc all over the motor industry now, it doesn't make sense for a car dealer t be buying a car when their not selling them at all.

+1. Seems too strange imo.

Anan1

Strange doesn't necessarily mean scam though, does it?

OP - Ask the dealer to pay you in cash, in your bank. You can lodge the cash immediately, once that's done you can safely hand over the car. Simple.:)

Seth Brundle

With the advice on a site visit and cash payment, who is betting that his 'buyer' suddenly backs out?

Anan1

If they do they do. In the current market, though, surely any possibility of a genuine sale has to be explored?

Big Nasty

Run, run away as fast and as far as possible!

I am sorry to dis anyone in the motor trade but this has SUSPICIOUS written all over it in big bold black letters!

dodzy

Darsad wrote: »

If he wants to pay by cheque no problem .
Tell him he can have the car when the cheque clears your account.....

+1

Simple really Here's hoping it goes well for you.

Darragh29

triple-M wrote: »

he did actually mention he had a buyer lined up,when i looked up his dealership tho he didnt have any passats so maybe he's genuine i also noticed that his dealership phone number was the same as his house number when i looked him up in the phonebook,so i take it he's one of these backyard dealers,dont know if that should make a difference tho,just say if i did accept the cheque and it bounced,would i have any comeback or would it be tough luck for me?

Anyone taking a 10K cheque from anyone in this climate and handing over their car needs their head examined. Are you for real???

frag4

These kind of deals go on all the time and I have sold my car like this a few years ago.
But like Darragh29 said in the current climate.
I would only only accept CASH .. its not that hard to drive to that bank.

digitaldr

If he insists on a draft go to his bank with him and watch him drawing the draft.

mannurse

I sold my car last week to a guy that was in the trade, it was simple - I said cleared cheque or draft or cash on collection- his reply= I wouldnt expect anyone to take a cheque in this climate.


trust- who said anything about trust?

biko

Bring him and his cash to your bank, once it's lodged hand keys over.
YOU send the papers to Shannon, not him.

L-M

biko wrote: »

Bring him and his cash to your bank, once it's lodged hand keys over.
YOU send the papers to Shannon, not him.

Surely if he's in the trade he will want the papers, all the OP has to worry about is signing the back of it, and putting down the date of sale. Which would be the day the car was given to the dealer.

triple-M

thanks to everyone for the helpful advice,I rang him and told him I will accept a cheque but he doesnt get the car until it is cleared completely,or if he needs the car any sooner I said I would accompany him to the bank just to witness him getting an authorised bankdraft or to make sure any cash lodgements were real,I just told him that somebody tried to give me a dodgy cheque before and i was just being cautious,he said that was fine and that he would ring me back during the week:rolleyes:.........i'll keep you's posted on the turnout of this

biko

Limerick man wrote: »

Surely if he's in the trade he will want the papers, all the OP has to worry about is signing the back of it, and putting down the date of sale. Which would be the day the car was given to the dealer.

I've only dealt with individuals before so there might be a difference there.
The way I see it if OP sells the car to a dealer and the dealer has the papers it will still be in the OPs name until the papers has been sent to Shannon for the next individual after the dealer.

edit - ah, from the Cit info site

"If you sell your vehicle to a motor dealer, you have to complete a form RF 105, which is available from the motor dealer. The completed form should be returned to the Vehicle Registration Unit, while the Vehicle Licensing Certificate and Vehicle Registration Certificates (Vehicle Registration Certificate for post-April 2004 vehicles) are given to the motor dealer"

I sit corrected.

L-M

biko wrote: »

I've only dealt with individuals before so there might be a difference there.
The way I see it if OP sells the car to a dealer and the dealer has the papers it will still be in the oPs name until the papers has been sent to Shannon for the next individual after the dealer.

What would generally happen with a registered dealer is they would take the tax book off the seller, signed by them. Then temporarily transfer the car in there name, (this doesn't add an extra owner on, although the dealer would be recognised as the current owner, ie.any parking tickets etc. would go to the dealer), and when the car is sold then just send off the taxbook with the new owners address etc.

lifer_sean

biko wrote: »

"If you sell your vehicle to a motor dealer, you have to complete a form RF 105, which is available from the motor dealer. The completed form should be returned to the Vehicle Registration Unit, while the Vehicle Licensing Certificate and Vehicle Registration Certificates (Vehicle Registration Certificate for post-April 2004 vehicles) are given to the motor dealer"

Limerick man wrote: »

What would generally happen with a registered dealer is they would take the tax book off the seller, signed by them. Then temporarily transfer the car in there name, (this doesn't add an extra owner on, although the dealer would be recognised as the current owner, ie.any parking tickets etc. would go to the dealer), and when the car is sold then just send off the taxbook with the new owners address etc.

If the person is a legitimate dealer then they will have a garage code which they will fill in on the RF105. The RF105 will not be accepted without it. An original RF105 is green but a photocopy seems to work fine. Seller should post this form to ensure that it is gone out of their name. Note that motortax.ie now has a section where it will tell you if there has been a change of ownership in the last 3 mths, so after a week or two you should be able to confirm that a change occurred (even though it's a bit late then!).

Depending on your level of paranoia you could ring Shannon to make sure the garage code is legit.

Garage code is typically 4 or 5 digits, even though the box on the form allows for 6 digits.

unkel

triple-M wrote: »

thanks to everyone for the helpful advice,I rang him and told him I will accept a cheque but he doesnt get the car until it is cleared completely,or if he needs the car any sooner I said I would accompany him to the bank just to witness him getting an authorised bankdraft or to make sure any cash lodgements were real,I just told him that somebody tried to give me a dodgy cheque before and i was just being cautious,he said that was fine and that he would ring me back during the week:rolleyes:.........i'll keep you's posted on the turnout of this

Thanks for the update, keep us posted!

This could very well be genuine. New model Passat TDI is very popular and the dealer could well get €12k or more from the buyer he has lined up. Everyone's a winner!

mickdw

unkel wrote: »

Thanks for the update, keep us posted!

This could very well be genuine. New model Passat TDI is very popular and the dealer could well get €12k or more from the buyer he has lined up. Everyone's a winner!

It could be genuine but seeing as the OP said it is a very small "backyard" type operation, I would have thought it would be the dealer himself who would be doing the buying and not an employee. This is odd, very odd and tbh, there are lots of these stuck in trade forecourts at the minute so it doesnt make sense.

dlambirl

It'll be interesting to see if he comes back to you during the week or now that you've demanded cash will he scarper......

triple-M

just incase anyones interested in knowing the outcome of this situation,the dealer didnt ring me back yet,so i rang him up this morning to see if he was still interested in the car,i pretended I had someone else lined up to buy the car this weekend,he said that his potential buyer for my car backed out as he could not get finance from the bank.could be true given the state of our banks nowadays or I might have saved myself from being conned out of my car,who knows?? :D p.s thanks to everyone for the helpful advice

Seth Brundle

Thanks for the update!

L-M

You wouldn't believe the amount of sales being killed by not getting finance... Ah sure... Best of luck with the sale anyway OP.