Paying for a car privately

[Churchill]

http://www.ginettacars.com/G50/aboutG50GT4.html

Ooooooooooooooo!

CM, can I have one?

Please?

[cailin maith]

http://www.ginettacars.com/G50/aboutG50GT4.html

Ooooooooooooooo!

CM, can I have one?

Please?

Ah crap - is one orange car not enough for you??

Nutter!

[DimPrawn]

Going back to my original question, how should I buy a car privately?

A. Pay cash deposit and balance later (BACS or cash) and then collect later

B. Pay the whole lot cash and drive away same day?

[ASB]

Going back to my original question, how should I buy a car privately?

A. Pay cash deposit and balance later (BACS or cash) and then collect later

B. Pay the whole lot cash and drive away same day?

Oh yes, that was the question. I've always done a variation of B. Normally go with vendor to bank and either withdraw cash and give it to them, or do a transfer in their presence.

This gets round the problems of:-

- Turning up with cash, forgeries are an issue
- Bankers draft, better but there are a load of forgeries

Only hand over as much without receiving the car as you are prepared to risk losing.

[Lockhouse]

What I do;

Fix price dependent upon successful professional inspection.

Leave small holding deposit; £100 or so.

Arrange inspection and be there when carried out.

Renegotiate price dependent upon results of inspection.

Come back (preferably on same day) with banker's draft.

Drive away.

This allows you to get the car looked over plus stops those "impulse buys" - and I've made a few!

[Lockhouse]

Oh yes, that was the question. I've always done a variation of B. Normally go with vendor to bank and either withdraw cash and give it to them, or do a transfer in their presence.

I tell the vendor where the draft was drawn and they can telephone the branch and check - or go with them in person to cash it - I've taken 10K in cash for a car but I've always paid with drafts.