Receiving payment
Hello, I would like to sell my car independently - can you please advise on receiving payment? Is it normal to receive cash or bank transfers these days? Is it standard to let the buyer drive the car away after paying cash or arranging bank transfer?
Asked on 15 September 2014 by ML25
Answered by
Honest John
The safest way remains, as Mike Brewer puts it, "Nelsons" (Nelson Eddies = 'Readies'.) Meet the purchaser in a bank where he withdraws the cash and you then immediately use his bank to deposit the cash in your bank. That way the transfer can never, ever be rescinded. And, of course, you can't get mugged walking down the street with the cash in your pocket.
Tags:
selling
Similar questions
I bought a car and sold a car that I believed to be fine - I did the relevant vehicle check on Autotrader when buying and nothing untoward showed up. Now the chap I sold the car to has found that the car...
I recently sold a car to a dealership and one of the questions was is the car modified and not standard. I said no as I was unaware it was modified and it is now been changed to the dealership on the V5....
When selling a car do you make more money paying for a repair or selling with a fault? We have a Mazda MX-5 60 plate with a £300 seal problem that lights a dashboard warning light.
Elsewhere on 
