JCT600 want to buy my car - payment by cheque - should I worry?

Flyboy152

rob7475 wrote: »

Hi,

JCT600 are a big company but you still need to be careful.

If you do go ahead, I would insist on dropping the car off at one of their showrooms. Also make sure you get some paperwork to confirm the sale.

It does seem a little odd that a large dealer like JCT is buying cars off private sellers. I would have thought they would have plenty of px's to sell. Is you car either highly desirable or very underpriced?

That would very much depend on what car it is. If is a rare model, it might be the best way to do it.

Flyboy152

spendingmad wrote: »

Thanks - apperently they have double sold a car of my spec and need to replace it fast. There are not many of my car around and it is quite desirable (Volvo C30 R Design in White - very nice!) I priced it to sell and I believe have got a good price.

I think you are right I am going to tell hubby that we will drop off at the showroom and get the cheque from the showroom at the same time with some proper paperwork.

If the guy we are dealing with is not happy with that then tough I will wait for another buyer.

Do you think thats sensible?

You could do a credit check on the company.

s_b

Flyboy152 wrote: »

You could do a credit check on the company.

and what would that achieve exactly?

vikingaero

I've sold cars to main dealers who have paid me by cheque. The dealers always have a term in their sales invoices that title does not pass to the purchaser until funds have cleared. So normally I write the same on their purchase invoice. If the funds don't clear I would have no compunction in forcibly repossessing the vehicle from them.

Flyboy152

s_b wrote: »

and what would that achieve exactly?

It would go someway to establishing whether they are good for the ten thousand pounds or not.

Why do I have to keep explaining the bleeding obvious? :huh:

s_b

Flyboy152 wrote: »

It would go someway to establishing whether they are good for the ten thousand pounds or not.

you obviously work in govt with a statement like that

NiallB

Flyboy152 wrote: »

It would go someway to establishing whether they are good for the ten thousand pounds or not.

Why do I have to keep explaining the bleeding obvious? :huh:

Because it's only bleeding obvious in your head?

webby23

Big company or not, I wouldnt take a cheque.

Far too risky for such a large amount of money.

If they wanted the car that badly they would TT/BACS the cash straight into your bank

Personally I would tell me you wont release the car until the payment is cleared, whichever means they chose to pay by.

Flyboy152

webby23 wrote: »

Big company or not, I wouldnt take a cheque.

Far too risky for such a large amount of money.

If they wanted the car that badly they would TT/BACS the cash straight into your bank

Personally I would tell me you wont release the car until the payment is cleared, whichever means they chose to pay by.

Indeed, they wouldn't do anything different themselves.

s_b

Flyboy152 wrote: »

Indeed, they wouldn't do anything different themselves.

quite correct