Selling a car

geeka

Hi guys,
My friend is selling his car privately and someone is coming tonight to look at it. He's not sure of the best option if the guy wants to buy it.

SHould he do it as a bank transfer or take a cheque and hand it over once cleared??

The car is worth about £3k.

Any advice is much appreciated.

Thanks
Tim

System

cash or bank transfer - and don't hand over the keys until the payment is received in full

neilmcl

As above, don't hand the car over until the funds have cleared. Cash would be preferable for that amount.

ballyblack

Real cash only, no cheques as they can be stopped even after 'clearing' if fraud involved

Recently discussed

Have a read here;

https://forums.moneysavingexpert.com/discussion/4726749


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geeka

Thanks guys, ever helpful as always. :beer:

ballyblack

:TWhy not use 'thanks' button?

Prothet_of_Doom

£3K ? I'd only accept real hard cash.

Make sure YOU keep the V5 to send off.

I have however bought by taking my mobile phone, and transefering money straight to the sellers account, with them watching, and them then checking thier online balance, to see that it's there.

Foxy-Stoat_3

Cash and a checker pen - 100% - also rub a few of the notes on a piece of paper, the ink should rub off slightly if genuine.