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What's the best way of doing the "money thing" when buying a s/h car. Found a car that's a bit of drive away, what's the best, most efficent way of exchaning money for goods, we don't want to be driving 80 miles or so backwards and forwards, it's about 10k.
Cash or Bankers Draft are the only two payments I'd consider accepting. Although Im not 100% sure on the clearance time for the draft. Therefore if you want to be leaving with the car there and then, I'd be going with cash.
Laptop + online banking + bank transfer while you are there .
When I was selling a car, I made sure I met near a bank and paid the cash into my account first before handing over the keys. Just in case he was giving me any fugazis.
Cash is king if you want a haggle.
cash is king but quite rightly i wouldnt be turning up ANYWHERE other than a dealer with 10Gs ....
Last car we bought we just transfered the cash over into the guys account via a laptop & internet dongle !
Best way which I've used a number of times is to arrange a bankers draft for the right amount to be issued from your bank's branch nearest the car. Do the deal, both drive to the bank, get the draft from the cashier and hand it straight to the vendor. Absolutely secure for both parties.
Lots of forged bankers drafts around so no-one in their right mind would accept one without waiting for it to clear like a cheque
When I was selling a car, I made sure I met near a bank and paid the cash into my account first before handing over the keys. Just in case he was giving me any fugazis.
I did this.
Drove down, met the guy, drove the car to make sure it was as advertised, then drove with him to his bank, and paid it in there and then. He never actually counted it - the bank did that.
Still meant I was wandering around with £10k, but that was a risk I was prepared to take.
