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Selling a Used car

  • 17-05-2011 10:28am
    #1
    target assassin
    Registered Users, Registered Users 2 Posts: 102 ✭✭


    2 Big questions

    How do people pay for cars in private sales? is it always cash, i can hardly accept a cheque can I? (€1000)( it will be done at about 6.30 pm)


    What paper work do i have to hand over with the car? is it just the tax cert?

    thanks in advance?


Comments

  • #2
    Ardennes1944
    Registered Users, Registered Users 2 Posts: 9,234 ✭✭✭Ardennes1944


    bank draft is what i usually use. always make some kind of receipt or contract and get both parties to sign, especially after a deposit, if any, is given.


  • #3
    Max Power1
    Closed Accounts Posts: 10,272 ✭✭✭✭Max Power1


    Cash is fine if you lodge it at your bank when the buyer is still there and before you hand over the keys.

    For larger amounts (over 2-3k say) bank drafts ftw.


  • #4
    target assassin
    Registered Users, Registered Users 2 Posts: 102 ✭✭target assassin


    there wont be an option to lodge it to an account as it will be 6pm


  • #5
    Wats_in_a_name
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭Wats_in_a_name


    Any time I've bought or sold cars its been cash. Never had a bother.


  • #6
    coylemj
    Registered Users, Registered Users 2 Posts: 25,702 ✭✭✭✭coylemj


    target assassin wrote: »
    What paper work do i have to hand over with the car? is it just the tax cert?

    thanks in advance?

    In a private sale there should be no paperwork. There is no implied warranty because you are a private seller and unless the car is in a dangerous condition and you are aware of this at the time of sale then the buyer has no comeback on you.

    If you try making up an amateur legal sales document you could inadvertently give the guy a warranty of sorts, best give him nothing, the law is on your side.

    Do not hand over the registration cert. unless the other guy is a bona fide dealer. If selling to a private buyer, fill in the new owners name and address (block capitals), then both of you sign it and YOU (not the buyer) post it off to Shannon, the address is on the back of the cert.

    If you hand over the cert. and the buyer doesn't bother to post it off to Shannon you will get all his speeding and parking tickets and if he wraps it around a lamppost and abandons it, the council will be knocking on your door. It's your responsibility to notify Shannon of the change of ownership.


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  • #7
    -Corkie-
    Closed Accounts Posts: 10,025 ✭✭✭✭-Corkie-


    Wats_in_a_name wrote: »
    Any time I've bought or sold cars its been cash. Never had a bother.

    Be careful with cash too. There is a lot of dodgy 50 euro notes at the moment. In saying that you can get a dodgy bank draft too so you cannot win. Just be careful OP.


  • #8
    Max Power1
    Closed Accounts Posts: 10,272 ✭✭✭✭Max Power1


    -Corkie- wrote: »
    Be careful with cash too. There is a lot of dodgy 50 euro notes at the moment. In saying that you can get a dodgy bank draft too so you cannot win. Just be careful OP.
    Hence why you should never hand over the keys until youve had either the cash or the draft verified by a bank imo


  • #9
    cojomo2
    Registered Users, Registered Users 2 Posts: 3,220 ✭✭✭cojomo2


    pop into a stationary shop (reeds of nassau street have them) and pick up one of those fake note detector pens. Spread the money out in a fan shape and in one stroke run the pen over them all.


  • #10
    coylemj
    Registered Users, Registered Users 2 Posts: 25,702 ✭✭✭✭coylemj


    cojomo2 wrote: »
    pop into a stationary shop (reeds of nassau street have them) and pick up one of those fake note detector pens. Spread the money out in a fan shape and in one stroke run the pen over them all.

    And then do what? If it's a fake pen you have no basis for claiming that any of the notes is fake.


  • #11
    marzic
    Registered Users, Registered Users 2 Posts: 784 ✭✭✭marzic


    coylemj wrote: »
    Do not hand over the registration cert. unless the other guy is a bona fide dealer. If selling to a private buyer, fill in the new owners name and address (block capitals), then both of you sign it and YOU (not the buyer) post it off to Shannon, the address is on the back of the cert.

    If you hand over the cert. and the buyer doesn't bother to post it off to Shannon you will get all his speeding and parking tickets and if he wraps it around a lamppost and abandons it, the council will be knocking on your door. It's your responsibility to notify Shannon of the change of ownership.

    Crucial that you follow this advice. You have to be wary of cash I guess, if theres a way you can check it then do so. If its a draft or check it could take 3 to 5 days to clear so i wouldnt part with the car until funds clear in your account.

    That said, me and the mrs just bought a car off a private seller using a bankdraft, and thinking back should have done it with cash (the seller would have been happier, but we werent comfortable with a big amount of cash - which would have taken 5 days to order with credit union). the bankdraft took 3 days to clear and he reluctantly gave me the reg cert, unsigned, because it was the only assurance i had that he might not skip the country with the money when it cleared and the car (he took a photocopy of the reg cert and we exchanged receipts for the bankdraft). It was sort of a nervous couple of days, he seemed reliable, and it turned out ok but its not ideal for a private sale with a total stranger.


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