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Advice on Selling Privately

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I was told by my bank the only safe way is an electronic transfer, which is what I did the last car I sold. You can contact your bank to make sure the money has been received, before you hand over keys etc.
 
Also, if you live in a village or small town, don't take pictures of your car near your home. I did that for an MGB I sold and a guy took the photo in the ad, saw my village name, and drove round until he saw my house :eek:. I had an unexpected knock at the door - he was a nice guy, but some are not!
 
I have always asked for proof of cleared funds in a bank account by way of statement or pass book along with a utility bill, driving licence and passport before taking matters further as this will help flush out genuine buyers.

Ashley
 
Some great advice on this thread :thumb:

With the new fast payment system (which has replaced BACs I think), payments are generally instant plus there is no way for the transfer to be recalled or cancelled, once it hits your account its not going anywhere.

When I sold my cayman a few years back, the guy came over, saw the car, we went out for a drive, he gave me a holding deposit and came back 2 days later. We went to a local bank branch, he did the transfer, by the time we got back to mine to complete the paperwork the money was already cleared in my account.
 
I have closed this old thread to further postings although it will remain on the forum for search/reference purposes.

Admin and moderators have found recently that old threads resurrected in this way often lead to spam links being added by edit at a later date.
 
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