My car is currently up for sale privately, what's the best/safest way to take payment? (if I ever get a buyer)
Car is up for around £12k

Not sold a car privately for a good while, but I used to take a deposit in cash, then either a cheque/bankers draft or bank transfer and would only let the car go once the funds were cleared in my account. ON THE WAY: BMW F21 M140i
MERCEDES GL350 - Metallic Navy Blue w/Grey interior

GOING: BMW F31 335D MSport+ xDrive Touring
GONE: Land Rover Discovery 4 HSE - Stornaway Grey w/Black Interior (wish we'd kept it )
GONE: BMW F10 520D MSport - Carbon Black
GONE:MY12 RRS SDV6 HSE Sumatra/Ivory/Grand Black Privacy glass

^^^ +1 Also bare in mind who you are inviting to your home to look at your motor, better still if you can take it to them if not too far away or sell it from your work if possible, but before you offer a viewing get a landline number and if possible an address of the person coming to view the car, and check that the details are correct before you invite them to your home, you will be surprised what some people will do to get their hands on some desirable motors, never give out the cars reg number or chassis number over the phone either, they may ask for it to do a hpi check but they can do that when they have viewed the motor.

Just sold my HST privately, the guy paid in CASH

We were in Barclays for half an hour while they counted it

In this day and age a bank transfer is best (BACS) and is hassle free. The only reason I went down the cash route is the because the buyer had a 700 mile journey from the tip of Scotland to pick it up

gilford wrote:

Just sold my HST privately, the guy paid in CASH

We were in Barclays for half an hour while they counted it

In this day and age a bank transfer is best (BACS) and is hassle free. The only reason I went down the cash route is the because the buyer had a 700 mile journey from the tip of Scotland to pick it up

700 miles carrying all that cash, I bet he was :censored:ing himself  ON THE WAY: BMW F21 M140i
MERCEDES GL350 - Metallic Navy Blue w/Grey interior

GOING: BMW F31 335D MSport+ xDrive Touring
GONE: Land Rover Discovery 4 HSE - Stornaway Grey w/Black Interior (wish we'd kept it )
GONE: BMW F10 520D MSport - Carbon Black
GONE:MY12 RRS SDV6 HSE Sumatra/Ivory/Grand Black Privacy glass

Beancounter_74 wrote:

gilford wrote:

Just sold my HST privately, the guy paid in CASH

We were in Barclays for half an hour while they counted it

In this day and age a bank transfer is best (BACS) and is hassle free. The only reason I went down the cash route is the because the buyer had a 700 mile journey from the tip of Scotland to pick it up

700 miles carrying all that cash, I bet he was :censored:ing himself

At least he was in his own car with a mate, in January 2011 I sold an E92 M3 for £36k cash and the lad came up from London on the TRAIN with it in a rucksack

I sell cars regularly (company cars) and I only ever accept cash.


I get the buyer here, don't even bother counting the cash, straight to the bank, let them count it and verify its real in front of us both, straight in the account.

Simples.

Some people always say "Can I ask why you want cash?" .....why wouldn't you?

I just say cash or nothing.

gilford wrote:

At least he was in his own car with a mate, in January 2011 I sold an E92 M3 for £36k cash and the lad came up from London on the TRAIN with it in a rucksack

That's even funnier, would have been superb if he'd left it on there.........conversation with the lost and found would have been a corker......"anything in the bag Sir........errrr, yes, just the £36k in £50 notes"

Most I ever took cash was £10k, and that was a pain to count, bloke got it in £10s and £20s . Your MO seems a good one Jonny, both sides should be happy then  ON THE WAY: BMW F21 M140i
MERCEDES GL350 - Metallic Navy Blue w/Grey interior

GOING: BMW F31 335D MSport+ xDrive Touring
GONE: Land Rover Discovery 4 HSE - Stornaway Grey w/Black Interior (wish we'd kept it )
GONE: BMW F10 520D MSport - Carbon Black
GONE:MY12 RRS SDV6 HSE Sumatra/Ivory/Grand Black Privacy glass