matts1

What would you say is the best way to buy/pay for a car if a good chunk of cash?

Naturally you could do cash, but then the seller may be iffy about accepting that amount of cash, plus you have the risk of carrying it, plus as most of the time you view or buy cars at the weekend you can't go to the bank with them.

Bankers draft, but then this needs to clear so you have to leave payment and the car with the seller

Bank transfer, but again, seller has the car and the cash for a time.

What do peeps do on cars over 10k?

Cossy Mike

iTrader: (4)

Cash is the way bud.

I accepted a bankers draft for my Mercedes A210 Evo 2 years ago for £12500 and I released the car...... I was papping myself if it bounced but the bank did say 'It's garuanteed funds'

Elvis

iTrader: (1)

If you dont want to turn up to a strangers house with 10k in your pocket, call your banks bearest branch to his house and tell them you want to withdraw 10k on whatever date it is, And strike a deal with the owner, and complete transaction in the bank.

matts1

my bank is w*nk lol, think 3k is the max per day .

I think the best bet is to go and view it, then arrange to come up and collect it, and either do a bank transfer the day before or take cash on the dash and make it a time when the banks are open so he can pay it in there and then making sure it is all real.

Any downsides to a transfer ?? would most likely do it the day before so funds are cleared for my arrival.

Retro Al

iTrader: (1)

I bought my mk1 escort with a bankers draft,they are supposed to be as good as cash,the guy i was buying the car off sent his missus to the bank to make sure it was ok before i took the car,dont blame him could have been a fake

rsnissan

iTrader: (9)

cash.....................

matts1

Bankers draft can be forged and often it is only when your bank presents it to the bank the draft came from that they say they didn't issue it iirc.

Looks like cash lol!!