Private car sale and cash transfer.

NoNameNoNumber

NoNameNoNumber

NoNameNoNumber

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Hopefully my TTS will be gone this afternoon, I'd like to just message the seller before arrival to check she is happy and has the capacity to bank transfer the money over. Is this best practice?
I shouldn't have any issues with the cash arriving in my account almost instantly should I?

Thanks.
 
Should be fine. BTs aren't totally fool proof, but providing you get a good read on the buyer then it should be fine. If it's a large amount it may trigger her bank fraud checks which can take 20-30 mins to happen (or longer if you're unlucky).
 
I couldn't pay over £10k (I think it was!) on my phone app with HSBC - I had to use the website via my PC.

That was when I bought my car (via a dealer) about 15months ago.

E: just dug out the email to the dealer and this is the full down low;
"Interestingly, I did have a few issues making the payment. I'm with HSBC and via the mobile app there is a limit on £10k per day, paying to a single account. Using the desktop site increases that to £25k."
 
Just don't fall for the fake banking app telling you it's been transferred and to ignore the fact it's not landed in your account yet
 
tom_e said:
Just don't fall for the fake banking app telling you it's been transferred and to ignore the fact it's not landed in your account yet
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Was just going to say this.

A mate nearly got had with a similar attempt, don’t know the exact details but basically the buyer was using some kind of false app and the lack of a notification of the funds arriving in my friends account got him suspicious, especially when as soon as he offered to use his own desktop to do the transaction the buyer simply got in His car and left!
 
I managed to transfer 25k lumps via Santander to HSBC without a hitch, but when I tried to send 12k from Barclays to buy this car a few years ago the bank froze at 10k and I had to call them.
The car is now only up for 9 so I don't see there being a problem and I'll make it clear that she can have the car when I see the cash in my account.

Appreciate the headsup on the fake app.

I've also told her I will do the test drive. She can have a go once it is paid for. AITA?
 
Yes I do. And no of course not.
You expect me to let a lady I've never met, turn up in a 1.4 golf, get in my TTS with nearly 400hp and mash it?

Sorry, but even with a cover note, it's not a drama I need and I'm not desperate to get rid.
 
NoNameNoNumber said:
I've also told her I will do the test drive. She can have a go once it is paid for. AITA?
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I would say yes, you are. Try to imagine yourself as the buyer being told give someone £9k before you even get a proper test drive. Tell her to check her insurance covers her doing test drives and if not, she will need to arrange this with her insurer at her own cost. Also point out that if she cannot show she is insured, you will have to do the test drive with her as a passenger. That way you are at least being reasonable and putting the onus on the buyer to either pay for temporary 1 days insurance, or accept they will not be driving.

People who are buying things from you tend to be more trusting if you are perceived as being reasonable.
 
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Surely if she is buying and collecting she should have insurance already sorted?

Assuming you have taken a deposit, I don't see the harm in letting her go down the road and back to make sure there are no knocks and bangs, whilst you are in the passenger seat.
 
NoNameNoNumber said:
Yes I do. And no of course not.
You expect me to let a lady I've never met, turn up in a 1.4 golf, get in my TTS with nearly 400hp and mash it?

Sorry, but even with a cover note, it's not a drama I need and I'm not desperate to get rid.
Click to expand...

So what problem are you hiding with the car? Not allowing a prospective buyer drive the car just makes it sound like you don't want them to discover an issue with how the car drives.
 
Not allowed a test drive and I’d walk away, that being said I would always make sure I have adequate insurance before turning up to view a car as I’d 100% want to drive it before even putting a deposit down.
 
I think it entirely depends on the value of the vehicle. I had a guy want to test ride my motorbike before he bought it. I asked for full asking price in cash and took a photo of his driving license before he took it. Also agreed that if he bins it, he bought it. Obviously it's a big more difficult when selling a £20k+ car as you usually wouldn't pay cash.
 
not test driving a car in a private sale is actually very "normal" I only let people drive it if they have insurance most are happy to be taken out. Last 3 cars I sold privately were without a test drive as the potential buyer obviously didn't want to pay for a days insurance and I'm not letting them drive it on third-party only cover.
 
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