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best way to pay for used car(private) ?
Hi all, when buying a car privately whats the best and safest way to pay ?
Obviously cash is a good bargaining tool but are you running the risk of having no proof of purchase if car is stolen etc ?
Is a bankers draught or bank transfer better ?
Sorry for my naivety on this subject, any help appreciated.
Obviously cash is a good bargaining tool but are you running the risk of having no proof of purchase if car is stolen etc ?
Is a bankers draught or bank transfer better ?
Sorry for my naivety on this subject, any help appreciated.
0
Comments
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Bank draft is as good as money and much more secure. If you're going to see the car first you can do the haggling then, and a bankers draft is an almost instant transfer so as good as cash from the haggling point of view...:A Luke 6:38 :AThe above post is either from personal experience or is my opinion based on the person God has made me and the way I understand things. Please don't be offended if that opinion differs from yours, but feel free to click the 'Thanks' button if it's at all helpful!0
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If you're paying with a bank draft, its as well for the buyer's security that he/she accompany you to your bank and watch the cashier write the draft out.0
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Forged bank drafts are becoming more and more common. If accepting a bankers draft for a personal sale I would contact the issuing bank and quote the cheque number asking them to confirm they issued the cheque. May just prevent you falling victim to some scam artist with a scanner and laser printer. Personally I'd rather have the cash.0
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surely the v5 is proof of purchase?
Do insurance companies ask for proof of purchase when a car is pinched0
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