Selling my car, anyone aware of scams on the go?

older i get better i was

Hi i've just agreed a price with a guy to sell my car, i'm "slightly" nervous as at the moment I don't know where he lives and he's a non national, I can't see him having 11k in cash so what way should i ask for payment for security reasons? any tips would be appreciated thanx

Tigger

older i get better i was wrote: »

Hi i've just agreed a price with a guy to sell my car, i'm "slightly" nervous as at the moment I don't know where he lives and he's a non national, I can't see him having 11k in cash so what way should i ask for payment for security reasons? any tips would be appreciated thanx

bank draft that you can lodge in a bank while you do business, orcash that you can lodge in a bank while ye do business.

thats is all

older i get better i was

tnx, anyone else have any tips?

coylemj

Just because a bank accepts a bank draft in a lodgement doesn't mean it's genuine, the people in the branches cannot validate it. It can take a week or two to clear the system during which it can come back as a dud in which case you are out of the money and the car.

Take a look at this recent thread....

http://www.boards.ie/vbulletin/showthread.php?t=2056348982

Big Nasty

Have you met this guy yet? How have you been communicating? Phone / email?

mickdw

As in any sale, do not hand over the registration cert to him. Fill out his details and keep it yourself to stick in the post. A photo id with his address would be useful too. Even if he says he is buying it to sell on etc, Do not give him the cert. There are different procedures if selling to official trader but thats not the case here Im sure.

Do not allow the situation to arise where they are in your car with your keys and the cash without you also being inside!

older i get better i was

yes have met him, i'll be speaking to him about a deposit today, so i'll ask for his address, anythin else maybe?

edanto

It would seem reasonable for you to tell him that you can only give him the car when the cheque/draft has cleared. These days, a piece of paper from someone you don't know isn't payment!

If that doesn't suit him, then of course he's free to pay in cash which you can lodge and then give him the keys.

Tigger

coylemj wrote: »

Just because a bank accepts a bank draft in a lodgement doesn't mean it's genuine, the people in the branches cannot validate it. It can take a week or two to clear the system during which it can come back as a dud in which case you are out of the money and the car.

Take a look at this recent thread....

http://www.boards.ie/vbulletin/showthread.php?t=2056348982

they can if they just wrote the draft or if they are the issuing bank

edit:

ok i see what you're saying

older i get better i was

read that thread guys thanx, will tread carefully, still open to tips.

Henry Ford III

Just ring the issuing bank to satisfy yourself with the draft before handover. Buyer should be happy enough to provide details before you meet.

"I'd like to confirm details of a draft you've issued....."

coylemj

Tigger wrote: »

they can if they just wrote the draft or if they are the issuing bank

If the buyer and seller have accounts in the same bank then the solution is to transfer the money electronically in a single transaction. I was envisaging a draft being involved in a transaction where this was not the case.

The thread I linked to above has a suggestion by me that the seller goes to the buyer's bank with him, stands at the counter and when the draft is handed over the seller takes it so that they know it's 100% genuine.

CiniO

mickdw wrote: »

As in any sale, do not hand over the registration cert to him. Fill out his details and keep it yourself to stick in the post. A photo id with his address would be useful too.

Except in case, if he's not resident in Ireland, and buying a car for export.
Then Reg. cert has to be handed over.

coylemj

CiniO wrote: »

Except in case, if he's not resident in Ireland, and buying a car for export.
Then Reg. cert has to be handed over.

Why would anyone buy a secondhand car in Ireland and export it when you can buy a similar car in the UK for half the price?

Mar4ix

if he has cash .. 11k ... go together to your bank, and log cash in to your account, if it works out fine, then sign logbook put in an envelope with shanon address and drop in postbox.

Vertakill

coylemj wrote: »

Why would anyone buy a secondhand car in Ireland and export it when you can buy a similar car in the UK for half the price?

Because currently you cannot buy a similar car in the UK for half the price.

The majority of cars, especially 2.0 litre and upwards, are cheaper in Ireland at the moment when you take currency conversion, travel and VRT into the equation.

MidlandsM

Henry Ford III wrote: »

Just ring the issuing bank to satisfy yourself with the draft before handover. Buyer should be happy enough to provide details before you meet.

"I'd like to confirm details of a draft you've issued....."

yes, good advice that.

jimmyw

I hope you're not the fella that we heard on liveline yesterday that was "selling" a car and after receiving 7 grand from a poor girl and then fecked off with the car and the money.........................;)B*****D.