Banked to rights

When you're selling a car via an advert to a complete stranger, what's the safest way to receive payment? Cash, banker's draft? I've looked on FAQ but could not see this one covered.

Asked on 30 May 2009 by

Answered by Honest John

Cash, in a bank, where you can immediately bank it. Or Moneygram or Western Union, but the last two are expensive. Drafts and transfers can later be rescinded, especially when paid from overseas.

Tags: selling

Similar questions

What's the best way to sell my car?

I have a 7 year old Mazda CX-5 that I want to sell. What’s the best way to do that avoiding a dealer trade in?

If I transfer my insurance policy will a potential buyer of my old car be covered by his policy to drive it?

If I transfer my policy to my new car will a potential buyer still be covered by his policy to drive mine even though it’s not insured by me?

I sold a car in good faith but the buyer says it need repairs and wants me to pay - where do I stand?

I recently sold a 14 year old MINI which I had bought for my wife but she prefered her original car. I MoTd it and drove it for twelve miles and it passed the MoT and drove without fault. Subsequently...