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Thread: Selling a car privately

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    Default Selling a car privately

    It's years since we've done a private sale and things have changed a bit I think. Anyone know what the etiquette is for payment? I mean, I would be loathe to take a cheque from someone and hand over the car immediately, as I would want to make sure the cheque didn't bounce or anything. And I doubt anyone would be paying around 2,000 in cash. So is it OK for us to ask for payment by cheque and hold onto the car until it clears? Anyone done this recently and if so how did they do it?

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    Default Re: Selling a car privately

    I'd ask for something instant like cash, failing that a bank transfer. Maybe even PayPal - but I'm not sure if they can ask for their cash back from PayPal, I'd have to check that out just to be on the safe side.

    I don't think it's unreasonable to expect a cash sale though.

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    Default Re: Selling a car privately

    I think cash is better as well. If they know they're going to buy a car, getting a large sum of cash shouldn't be a problem.

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    Default Re: Selling a car privately

    Quote Originally Posted by Ck View Post
    I'd ask for something instant like cash, failing that a bank transfer. Maybe even PayPal - but I'm not sure if they can ask for their cash back from PayPal, I'd have to check that out just to be on the safe side.

    I don't think it's unreasonable to expect a cash sale though.
    Nope, PayPal is a definite no-no as money can be recalled and the accounts can be linked to a dodgy credit card, which you only find out a while after the transaction has gone through. As for cash, would people do that for a 2000 transaction? If so then fine, but even then they say don't release the car until you've had the notes checked by the bank. It's a dodgy business.

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    Default Re: Selling a car privately

    Quote Originally Posted by A_B View Post
    I think cash is better as well. If they know they're going to buy a car, getting a large sum of cash shouldn't be a problem.
    Yeah, I guess so. Will see how it goes.

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    Default Re: Selling a car privately

    Well that was weird. Just put the car on Gumtree and got a phone call within about half an hour from a guy in London. He wanted to come up and buy the car but wanted me to agree to a 500 drop in price because it would cost him to get to Aberdeen. Naturally I refused this as I don't see that that is our problem, but what got me most was that he was happy to agree to buy the car based on "my honesty" - he asked me stuff like is the bodywork OK (obviously I'm going to say yes) and is the engine quiet? I asked him how do you quantify that? It's not as quiet as our Astra, but that's a bigger and better car/engine so you can't really compare like-for-like. I think it's quiet enough but he might not think so when he hears it. It's very subjective. To be honest I wouldn't want that on my conscience, I'd prefer someone to buy the car having seen and heard it and maybe even having had a drive in it. The it's down to them as to whether they still want it or not.

    So, he wanted me to reduce the price below what we would like AND hold it for him and give him time to get to Aberdeen. Meanwhile we could get other people showing an interest in the car and making higher offers. So, I put him off in the end and I'm quite relieved to be honest. I'm not sure why someone from London needs to go so far to get a run-of-the-mill car like a Corsa anyway, so I wasn't too sure about that. He didn't sound dodgy but I suppose if someone is going to do a scam he's going to make sure he doesn't sound dodgy.

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    Default Re: Selling a car privately

    How odd. I think you did right to put him off. He might only live up the road and be trying it on for a price drop

    I've always got actual cash for cars when i've sold them privately. I think the highest was 4 or 5 grand and they brought the cash with them. One time the buyer left a 100 deposit and came back later with the full whack.

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    Default Re: Selling a car privately

    Quote Originally Posted by Ck View Post
    He might only live up the road and be trying it on for a price drop
    That's possible.

    I think people expect to bring cash, or at least a deposit and then bring the rest later.

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    Default Re: Selling a car privately

    OK, I will try and go for cash then.

    Yes, it could have just been a ploy to get a price reduction. The other possibility is that he was a car dealer and knew how to get cars at low prices, but who knows.

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    Default Re: Selling a car privately

    H'es phoned another twice to get me to reconsider, but with no price increase. When I said that basically he's wanting me to pay for his train fare he said "I know, it sounds daft", but I'm refusing to do it. He sounded so disappointed though.

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