Selling car - payment method??
#1
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Selling car - payment method??
Some one is coming to look at my car at the weekend and has asked me what my preferred method of payment would be?
My car is currently for sale around 8k so the prospective buyer is a little wary of carrying this amount in cash.
As far as I know my other options are building society counter cheque or a bankers draft. From my point of view I obviously need to make sure either of these funds would clear/are genuine, so what do you all do when you sell your cars as I beleive bankers drafts are not 100% cleared funds? Is this also the case with building society cheques?
Or should I just request cash?
Any advice appreciated.
Thanks
My car is currently for sale around 8k so the prospective buyer is a little wary of carrying this amount in cash.
As far as I know my other options are building society counter cheque or a bankers draft. From my point of view I obviously need to make sure either of these funds would clear/are genuine, so what do you all do when you sell your cars as I beleive bankers drafts are not 100% cleared funds? Is this also the case with building society cheques?
Or should I just request cash?
Any advice appreciated.
Thanks
#2
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you can call his bank and give them the details on the draft or even just go to the bank with him once the deal is done and get the cash.
Alternatively he can do a bank transfer to your account in a branch for a fee of about £20 last time I looked. That will be same day but if he does it whilst you are there then you know it is legit.
It's quite scary letting your car go tho without having the actual cash in your hand!
Alternatively he can do a bank transfer to your account in a branch for a fee of about £20 last time I looked. That will be same day but if he does it whilst you are there then you know it is legit.
It's quite scary letting your car go tho without having the actual cash in your hand!
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Thanks for your replies.
Because he is coming on Sat the banks around here are not open so that is another problem I would have had with getting things checked/paid in etc.
I have since spoken with the possible purchaser and he is now coming with cash
Because he is coming on Sat the banks around here are not open so that is another problem I would have had with getting things checked/paid in etc.
I have since spoken with the possible purchaser and he is now coming with cash
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