Payment options on a private car sale?
Its been a fair few years since I bought a car privately but I had hoped that in this day and age of the www that things would be easier but alas it seems not. I am looking to pick up a car on Saturday but it seems there is a BACS Faster Payment transaction limit of £10k per day. When I asked Natwest about this they said why dont you do one payment on friday and one on saturday :) I fully trust the chap selling but I still aint sending over £10k of my hard earned with nothing to show for it.
So then we move onto CHAPS. £23 fee natwest to A N other bank. But is not same day on a saturday. Bankers drafts I have heard horror stories about which leaves me with a) take monday off to sort it out or b) pay in cash. Way back when I bought a scooby in cash for £15k and it was a) a ballache counting it when collecting from my bank b) dodgy walking around with a backpack full of cash and c) a tense few mins at the sellers bank watching them counting it and hoping they reach the right number. Any other options I have missed? Cheers Simon |
10k bacs and rest cash.
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Go somewhere where all the banks are located together (town centre?), get cash out from Bank 1 (watch it being withdrawn) wander across street & deposit cash in Bank 2. Sorted.
TX. |
Originally Posted by Ant
(Post 10734202)
10k bacs and rest cash.
http://www.ukpayments.org.uk/faster_.../value_limits/ Faster Payment Service also not working on a Saturday. |
Originally Posted by Terminator X
(Post 10734218)
Go somewhere where all the banks are located together (town centre?), get cash out from Bank 1 (watch it being withdrawn) wander across street & deposit cash in Bank 2. Sorted.
TX. |
The teller will count it in Bank 1 and 2. They use a machine too which speeds it all up.
TX. |
Call me untrusting but with that amount of money I want to double check it myself before leaving bank 1 :)
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Lol the bank teller won't / can't get it wrong!
TX. |
Why can't vendor be with you in your bank and collect money as counted by teller? Always assuming you can sign car papers in bank.
Or buy a cheaper car :) dl |
Can't both you and the seller go into your bank together and have the money transfered to his?
If you were together in your bank couldn't you get a bankers draft? if he sees it being made out he'll know it's genuine |
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