GTi-R23

Might sound a stupid question, but, I'm going to look at a car today, around £8K's worth, if I decide I wanna buy it, what would be the best way to pay him?

Request cash from the bank and roll up with 8k of reddies a few days later?

The CHAPS transfers take a few days, are there any other ways to put both my mind and the sellers mind at ease? Or is hard cash the only instant way to buy?

Have always paid cash to private sellers in the past, but not bought a car privately for quite this amount yet.

m4tt274

iTrader: (2)

i always pay cash,

london_chris

bankers draft is safer than cash for you, as it is like an instant cheque, which is only raised by your bank for cleared funds, i.e they will only make the draft if the money is there!

or cash obviously.

LHD220Turbo

iTrader: (4)

there are far too many scams around; even bankers draft isnt safe anymore

if i was selling a car i would want hard cash.

if you are in a fairly big town; once you've viewed the car and happy that you both trust each other, go to the bank and get the cash out - (obviously pre warn the bank branch you'll be wanting to withdraw 8k)

666

pay cash, take a mate with you to sit in your car and hide the cash in the car, if all goes well then cool, if not you have security

GTi-R23

Thanks fellas, confirming what I thought, will let you know how I get on.

maxest

iTrader: (1)

And make sure you hpi the car, still suprises me how many people dont

natehall

iTrader: (2)

as a seller I always prefer hard cash, I know theres no way its going to bounce on me

Rax

iTrader: (1)

Cash would be the only thing I would accept if I was selling something for that ammount but as said take at least one other person with you just in case it all goes wrong.There is too many scammers out there just waiting for a chance to steal from you.

matts1

Ideally take cash but don't let on that you will be bringing it there and then.

I have done a bank transfer that goes over the next day, but cost about £35, that was on a 12k car the the seller did not want that cash with him.

The other way around it if the seller doesn't want cash but you don't want to do a transfer is to take cash and once the deal is agreed, take the seller to his bank and pay the cash in for him.

That way he has no responsibility for the cash until it goes over the counter and they will also spot any fake notes.

and HPI HPI HPI!!!

Stoo

Cash is king!

S1rst

Not always the case though. I know someone who paid in £3000 and he had a call from the bank the next day saying over a grand of it was fake, and they ended up taking it out his account.

S1rst

Anyway, yeah take the cash and a mate or a couple of mates. No one seems to trust bankers drafts anymore as there not as good as cash anymore.

jammerrs

i know what you mean though, 8K in cash is hell of alot to carry about with you.

id say cash and a mate though

das

cash or chaps for me if i was buying i would offer both if selling i would say chaps as there are a few funny notes out there also

Chip

iTrader: (3)

I woudlnt trust a bankers draft as a seller as I dont know how to spot a real one from a fake one!

I would take a 500 quid deposit with you, and if you want the car then discuss with the seller how he wants the balance as some people might not want to take 8K in cash off you.

Matt Evans

As chip says, a sensible cash deposit, to prove you aint a messer, then arrange to TT or chaps the money to him. If he's half decent, another day or two, to make sure your both happy and secure with the transaction, aint gonna hurt is it?

GTi-R23

Update gents, I did exactly this, picking it up at the weekend with the rest of the reddies, he seems trustworthy enough, and I'm a big fella if he pulls a bat on me

Out of interest, what's to stop a seller fucking off to a different country with the money and the car if you do a CHAPS transfer?

Oh btw, it's a minty fresh Megane 225, hpi'd it and it's all clear, so looking forward to picking it up now.

S1rst

Exactly, which is why it should never be done that way mate. Loads of scammers requesting chaps payments etc and then doin one, once its gone through and withdrawn.

LHD220Turbo

iTrader: (4)

probably not the same one but you didnt view it in swindon did you? there is a nice looking black one a few doors down from me for sale at 8k

GTi-R23

No mate, not that one, will get some pics up when I pick it up