Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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Had it on the market for just over a year and someone came today and bought it  Just under asking price but happy with the price, bearing in mind how hard it's to sell atm.
Quick Question!
Im going to the bank with him tommorow, where he's going to his first and getting a bankers draft cheque and then onto mine to deposit it there and then. Question is, would i know its cleared by my bank on that day? And be able hand over the keys, with knowledge that cash is in the bank?
Thanks!
Now need to find something to buy, max 5k this time!
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ShEp
Member
Registered: 9th Aug 05
Location: Dingwall, Highland
User status: Offline
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dont think bankers draft is instant,
But Im not 100% on that
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Bankers draft clears straight away.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Nope, will take at least 3 days to clear, took mine a week, if you go with him to take the draft out it's as good as cash though, it can't be cancelled except by you.
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John
Member
Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by Colin
Bankers draft clears straight away.
Doesn't, works like a cheque.
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fir3vip3r
Member
Registered: 14th Jun 06
Location: Stevenage, Hertfordshire
User status: Offline
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you had it on the market over a year. christ
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by John
Nope, will take at least 3 days to clear, took mine a week, if you go with him to take the draft out it's as good as cash though, it can't be cancelled except by you.
Exactly. Once a bankers draft is made out the money is the banks money and not actually his so it cant be cancelled mid transaction after you handing it in to your bank. But if your going to his bank first, why not just get the cash instead? Then its garanteed??
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by fir3vip3r
you had it on the market over a year. christ
Your bums been on the market since birth. Not even fritz would have a go.
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ShEp
Member
Registered: 9th Aug 05
Location: Dingwall, Highland
User status: Offline
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why doesn't he transfer the money from his back to your bank.
and how are you going to the bank on a saturday? it'll be closed won;t it?
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Pretty sure mine was instant............maybe it was from the same bank 
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fir3vip3r
Member
Registered: 14th Jun 06
Location: Stevenage, Hertfordshire
User status: Offline
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quote:
Originally posted by P1CK4D
quote:
Originally posted by fir3vip3r
you had it on the market over a year. christ
Your bums been on the market since birth. Not even fritz would have a go.
you bought it though
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am4nf
Member
Registered: 27th Jul 08
Location: South Ayrshire Drives: Corsa Sport
User status: Offline
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exactly why make things harder, when he could just withdraw the cash
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by fir3vip3r
quote:
Originally posted by P1CK4D
quote:
Originally posted by fir3vip3r
you had it on the market over a year. christ
Your bums been on the market since birth. Not even fritz would have a go.
you bought it though
Incorrect. I got a refund off your pimp as I was told you had no fur. Went against trading standards rules 
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Tiesto
Member
Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline
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Bank is open on Saturday until 12pm here!
Could get cash suppose, wouldn't feel safe carrying that amount of cash across town though!
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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quote:
Originally posted by Tiesto
Bank is open on Saturday until 12pm here!
Could get cash suppose, wouldn't feel safe carrying that amount of cash across town though!
But he's going to be with you as well. Im sure he's not going to want his money stolen either Don't be such a girl
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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Of just use the bankers draft which is the commonly used method of money transfer in a private sale with so much money involved?
Why risk carting about a suitcase of fivers?
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3lfz
Member
Registered: 16th Nov 08
Location: Torquay
User status: Offline
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Will probably take a while since its over a weekend and bank holiday
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P1CK4D
Member
Registered: 19th Jun 06
Location: Around Essex Somewhere
User status: Offline
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Just give your account number and sort code to his bank and transfer the money directly ffs.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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R.E paying in cash.It is now against the law to buy a car with more than £5k in cash.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Corsa_Sport21
R.E paying in cash.It is now against the law to buy a car with more than £5k in cash.
Is that right?
I knew dealerships are funny about accepting large amounts of cash but I didnt think there was any law involvement
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John
Member
Registered: 30th Jun 03
User status: Offline
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That can't be, how can it be illegal to pay with cash.
Dealerships might refuse nowadays, they certainly don't like it but not illegal.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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Will ask the GF as she is studying law but im pretty sure she said it includes private sales too.
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Gareth
Member
Registered: 2nd Mar 00
Location: Derby, Drives: EVO VIII MR & pug 308
User status: Offline
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be careful, loads of scams with bankers drafts. i would want cash and to see proof of withdrawl
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Gareth
Member
Registered: 2nd Mar 00
Location: Derby, Drives: EVO VIII MR & pug 308
User status: Offline
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there was a thread on the mlr about a guy that sold his evo and lost the cash after a draft bounced or was cancelled a few days later.
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Kano
Member
Registered: 29th Aug 04
Location: Fife
User status: Offline
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Over 9k in cash is classed as money laundering.. doesnt apply to a private sale though..
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