Bank transfer is the thing at that sort of price, if it quacks and waddles its probably a duck so if you don't get good vibes from the person don't entertain a deal, if the vehicle is sensibly priced and a genuine cared for motor it will sell.

I sold my Hilux for £15k, the buyer was a trader, we had a chat on the phone for about 15 minutes during which time we gelled, chap paid for the car unseen the day before he sent one of his fellows down on the train to collect it, an excellent deal all round.

I'd had calls from several of the type you might expect given the vehicle, they didn't even get the address to come see it, when the right person calls you'll know.

Edited by gordonbennet on 08/04/2017 at 16:21

Go to the BUYER's Bank local to you on a Saturday.

He withdraws £x, xxx

You present your pay-in slip filled out as cash deposit into your account.

No cash comes over the counter & the money is in your account "immediately".

Job done.

Had a word with my 2 banks today (Yorkshire & Santander) on options.

Cash over the counter, no problem, they'll count and check each note is valid and not a counterfeit. Might have to provide proof the cash is from sale of car else there may be questions on money laundering especially if your account doesnt routinely see such high value transactions.

Faster Payments Service bank to bank is near instantaneous and all transactions should be made within 2 hours. If they arent, they are flagged for resolution investigation. Transfer cannot be revoked once money appears in recipient's account (so I was incorrect in my post).

FPS transfers can happen 24/7 even at weekends between FPS enabled accounts which surprised me. They are not limited to normal banking hours and you can use the FPS sort code checker to confirm both banks operate FPS.

Banks suggested transaction is initiated from the buyer's bank branch as the buyer will have to satisfy the bank there and then they are who they say they are to make the transaction with you.

Once the buyer's bank confirm the transaction via FPS is successful then need to go to sellers bank branch to confirm for added confidence. The seller's bank can confirm within 2 minutes (or less) if the transaction cannot be completed or, that full transfer could potentially take the full 2 hours.

At the seller's bank branch, ask for confirmation that money has appeared in the account from the buyer's bank by giving them the sort and account number. If it has, the buyer cannot revoke the payment. Ask for printed confirmation there and then or get ATM mini statement.

The banks said CHAPS payments take longer ie not as fast as FPS and attracts a charge of about £25. Both banks said once money is in the receiving account the transfer cannot be revoked. However both said theoretically, because CHAPS takes longer, the transfer could be revoked BEFORE the money actually got into the receiving account.