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Author Paying for a car privately
Dean_H
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Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
14th Apr 07 at 13:53   View User's Profile U2U Member Reply With Quote
How do you go about paying for a car privately then? When ive bought and sold cars ive always used cash but this was for sums of no more than £6000.

Now im looking at buying a car which is worth £12k+ i dont fancy driving 100 miles with that sum of money sitting on my lap lol.

How do you go about paying for large sums of money like that. Anyway of getting a cheque that can be cashed instantly?

Cheers guys
Antz
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Registered: 28th Jul 03
Location: Leeds         Drives: Myself Insane!
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14th Apr 07 at 13:55   View User's Profile U2U Member Reply With Quote
BACS
drax
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Registered: 5th Feb 05
Location: Sittingbourne, Kent
User status: Offline
14th Apr 07 at 13:56   View User's Profile U2U Member Reply With Quote
A large breifcase and an entire cars worth of 6 foot 3 and above heavy duty looking blokes???
Scotty C
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Registered: 6th Nov 05
Location: Kidderminster Drives: 1.6 16v Sport
User status: Offline
14th Apr 07 at 13:58   View User's Profile U2U Member Reply With Quote
Bank transfer
Robin
Premium Member

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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
14th Apr 07 at 14:00   View Garage View User's Profile U2U Member Reply With Quote
Building society cheque.
Bankers draft.
BACS.
Kif
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Registered: 13th Jan 05
Location: Doncaster, South Yorkshire
User status: Offline
14th Apr 07 at 14:01   View User's Profile U2U Member Reply With Quote
Maybe take as much as you feel comfortable with. If you dont mind 6k then pay them half and pay the rest by bank transfer or cheque?
Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
14th Apr 07 at 14:05   View User's Profile U2U Member Reply With Quote
bankers draft
Kif
Member
Registered: 13th Jan 05
Location: Doncaster, South Yorkshire
User status: Offline
14th Apr 07 at 14:06   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Jambo
bankers draft


Blow me
Robin
Premium Member

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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
14th Apr 07 at 14:07   View Garage View User's Profile U2U Member Reply With Quote
For a car which was only 100 miles away, I'd go with a cheque, drive home, wait til it's cleared, then collect the car another day.

I did that with my Nova, and my new Corsa.

If someone tried to give me 12k in cash, I'd be suspicious anyway
Dean_H
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Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
14th Apr 07 at 14:12   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Robin
For a car which was only 100 miles away, I'd go with a cheque, drive home, wait til it's cleared, then collect the car another day.

I did that with my Nova, and my new Corsa.

If someone tried to give me 12k in cash, I'd be suspicious anyway


Bit dodgy tho aint it, wait for cheque to clear go back 5 days later car is gone they have gone and moved lol

Cheers guys looks like BACS is the option then.
Jake
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Registered: 24th Jan 05
User status: Offline
14th Apr 07 at 14:22   View User's Profile U2U Member Reply With Quote
get a mate to come with you so he can hold the other 6k if you dont feel comfortable with all of it.
Gavin
Premium Member

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Registered: 3rd Apr 02
Location: West Midlands
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14th Apr 07 at 15:12   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by jake
get a mate to come with you so he can hold the other 6k if you dont feel comfortable with all of it.



just need to find a friend who you trust to hold 6k of you hard earn dosh

pew pew pew pewwwww
Matt H
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Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
14th Apr 07 at 15:15   View User's Profile U2U Member Reply With Quote
Bankers draft, or make arrangements with your local branch (of the car your buying) & do the paperwork & handover there
Jules
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Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
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14th Apr 07 at 17:57   View User's Profile U2U Member Reply With Quote
The hell is BACS just out of interest?
ed
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Registered: 10th Sep 03
User status: Offline
14th Apr 07 at 18:04   View User's Profile U2U Member Reply With Quote
Banks Automated Clearning System. It's electronic transfer of money.

Though personally I would just use a bankers draft to buy the car...
Jules
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Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
14th Apr 07 at 18:06   View User's Profile U2U Member Reply With Quote
I'm using a bankers draft for my Astra Coupé next week.
So BACS is just the same as a wire transfer?
ed
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Registered: 10th Sep 03
User status: Offline
14th Apr 07 at 18:08   View User's Profile U2U Member Reply With Quote
Yea, it's the proper name for a wire transfer

 
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