Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Private Sale - How is the transaction handled

  • 16-08-2009 9:38pm
    #1
    Arathorn
    Registered Users, Registered Users 2 Posts: 488 ✭✭


    Just wondering how do people hande the financial side of a private car sale. I'd assume the person selling won't hand over the keys until he has the money and the person buying wont want to pay until they have the keys.

    I'd assume a cash transaction is the easiest but what if the price is around €10000, wouldnt fancy walking in to deal with a stranger with that amount of cash? Any advice appreciated.


Comments

  • #2
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    You could always go with the seller/buer to a bank and transfer the funds electronically.


  • #3
    TheNog
    Registered Users, Registered Users 2 Posts: 4,160 ✭✭✭TheNog


    Arathorn wrote: »
    Just wondering how do people hande the financial side of a private car sale. I'd assume the person selling won't hand over the keys until he has the money and the person buying wont want to pay until they have the keys.

    I'd assume a cash transaction is the easiest but what if the price is around €10000, wouldnt fancy walking in to deal with a stranger with that amount of cash? Any advice appreciated.

    And Never, Never hand over the Logbook. Write the new owners details into the Logbook and send it off yourself or together.

    If you dont, you can expect to be questioned about traffic offences, receivebills from eFlow and/or be questioned about driver-offs from petrol stations..

    If you think Im scaremongering, then hand over the logbook to the new owner. 99% of people who do never have trouble, the 1% who do have trouble will never the end of it until the new owner and his details are found.


  • #4
    --Kaiser--
    Registered Users, Registered Users 2 Posts: 6,461 ✭✭✭--Kaiser--


    I bought my last two cars with Bank Drafts, the sellers seemed happy enough


  • #5
    stevenmu
    Moderators, Society & Culture Moderators Posts: 9,689 Mod ✭✭✭✭stevenmu


    I haven't done this but I believe with a bank draft you can ring up the issuing bank and give them the serial number and they can confirm if one was issued with that number and the amount it is for.


  • #6
    david
    Registered Users, Registered Users 2 Posts: 3,691 ✭✭✭david


    Meet at seller's house. Check car out. Agree price. Go to bank together and draw a banker's draft for that amount. Seller has the option to lodge it there and then. That's how I did it last.


  • Advertisement
  • #7
    mickdw
    Registered Users, Registered Users 2 Posts: 23,688 ✭✭✭✭mickdw


    I paid cash the last time I bought a car privately. Draft is the best option though. Most people accept it as being same as cash. If seller is not happy with draft, you could both go to bank to verify draft or whatever


  • #8
    david
    Registered Users, Registered Users 2 Posts: 3,691 ✭✭✭david


    And you need the persons name to obtain the draft


Advertisement