- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Paying for a car privately
Collapse
X
-
-
Bazza gets caught
Socrates - "The only true wisdom is in knowing you know nothing."
CUK University Challenge Champions 2010Comment
-
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?Comment
-
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.Originally posted by DimPrawn View PostGoing 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?
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.Comment
-
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!...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
Comment
-
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.Originally posted by ASB View PostOh 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....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Business expenses: What IT contractors can and cannot claim from HMRC Today 08:44
- April’s umbrella PAYE risk: how contractors’ end-clients are prepping Yesterday 05:45
- How EV tax changes of 2025-2028 add up for contractor limited company directors Jan 28 08:11
- Under the terms he was shackled by, Ray McCann’s Loan Charge Review probably is a fair resolution Jan 27 08:41
- Contractors, a £25million crackdown on rogue company directors is coming Jan 26 05:02
- How to run a contractor limited company — efficiently. Part one: software Jan 22 23:31
- Forget February as an MSC contractor seeking clarity, and maybe forget fairness altogether Jan 22 19:57
- What contractors should take from Honest Payroll Ltd’s failure Jan 21 07:05
- HMRC tax avoidance list ‘proves promoters’ nothing-to-lose mentality’ Jan 20 09:17
- Digital ID won’t be required for Right To Work, but more compulsion looms Jan 19 07:41


Nutter!
Comment