Car selling/ buying
07 March 2006, 06:52 PM
#1
Car selling/ buying
I've got a situation coming up this week as i'm selling my car, the buyer is selling his car to a dealer so i expect he'll get a cheque from them?
Now i'm also buying a car (private sale) for around the same price as i'm selling mine but can't afford to lay my hands on that amount of cash until i get paid for mine.
I need a car to get to - from work every day so i can't sell mine/ wait till the cheque clears/ pay for my new one/ wait till cheque clears before i pick it up.
The buyer for mine is about an hour away but the seller of my new 1 is about 2.5 hours away.
Whats the best way of sorting this out? do i ask the buyer of mine to get a bankers draft payable to the seller of my new 1 (is there any risk in this)?
because we all live far apart it's not possible to arrange a meeting together at a bank
any help/ ideas welcome
cheers
Now i'm also buying a car (private sale) for around the same price as i'm selling mine but can't afford to lay my hands on that amount of cash until i get paid for mine.
I need a car to get to - from work every day so i can't sell mine/ wait till the cheque clears/ pay for my new one/ wait till cheque clears before i pick it up.
The buyer for mine is about an hour away but the seller of my new 1 is about 2.5 hours away.
Whats the best way of sorting this out? do i ask the buyer of mine to get a bankers draft payable to the seller of my new 1 (is there any risk in this)?
because we all live far apart it's not possible to arrange a meeting together at a bank
any help/ ideas welcome
cheers
07 March 2006, 07:52 PM
#4
Originally Posted by Tiggs
buyer pays you buy TT...you go to to seller and pay for car on your debit card...solved.
TT? (something transfer?)
doing a search on these forums it seems phone transfers can sometimes be cancelled, bankers drafts can be stolen, so is cash the only 100% safe way (unless the notes are counterfeit)?
07 March 2006, 08:34 PM
#5
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bank transfer - i buy/sell all my cars like that. get money paid into bank account.....job done.
i didnt even see the bloke that bought my BMW of ebay....he just paid 20k into my bank and i left the keys with wifey to give him when he came for the car - easiest sale ever!
i didnt even see the bloke that bought my BMW of ebay....he just paid 20k into my bank and i left the keys with wifey to give him when he came for the car - easiest sale ever!
07 March 2006, 08:41 PM
#6
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Originally Posted by robby
TT? (something transfer?)
doing a search on these forums it seems phone transfers can sometimes be cancelled, bankers drafts can be stolen, so is cash the only 100% safe way (unless the notes are counterfeit)?
doing a search on these forums it seems phone transfers can sometimes be cancelled, bankers drafts can be stolen, so is cash the only 100% safe way (unless the notes are counterfeit)?
Normal fee attached to a transaction is 35 quid.
07 March 2006, 08:50 PM
#7
so i could get the buyer of my car to transfer direct to the seller of my new car
can this be done at a weekend (verified?) - if it shows on an online statement as being paid in is this safe from the payee withdrawing it again?
can this be done at a weekend (verified?) - if it shows on an online statement as being paid in is this safe from the payee withdrawing it again?
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