Car Purchase/Paying Help???!!!

spoonz

spoonz

spoonz

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Joined
18 May 2004
Posts
2,218
I am going to collect my car on Friday and the situiation is as follows:

The chap I am buying if off has seen another car and wants to pick this up
the day after I collect mine.

He would like me to make my bankers draft out to the person he is buying the car off as he doesnt want to wait for the draft to clear.

I pay him the balance in cash via online bank transfer.

He writes me a receipt for the car for the full amount.


Where do I stand legally? If I have the car and a receipt is it mine?
 
spoonz said:
I am going to collect my car on Friday and the situiation is as follows:

The chap I am buying if off has seen another car and wants to pick this up
the day after I collect mine.

He would like me to make my bankers draft out to the person he is buying the car off as he doesnt want to wait for the draft to clear.

I pay him the balance in cash via online bank transfer.

He writes me a receipt for the car for the full amount.


Where do I stand legally? If I have the car and a receipt is it mine?
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So he wants you to pay for his car and give you a verbal promise that you can have his current car? :S

I predict he will laugh or do a runner on you.

I agree, just go with paying cash on collection mate.
 
No,

He wants me to give him a bankers draft in someone elses name in exchange for the car.

He will then pay for his new car with my draft.

I will take the car on the day I hand over the draft and have a receipt for the full amount paid.

I cannot pay cash as it is too much, if he tries to pay it into the bank they will ask questions.
 
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spoonz said:
I cannot pay cash as it is too much, if he tries to pay it into the bank they will ask questions.
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That's rubbish. Goto the bank and withdraw the money with him with you and then both goto his bank and deposit it.

I've seen this done with ~10k, by far the best option unless you want to get scammed. Can you afford to lose the money if it is a scam?

And what if the bank do ask questions? Its totally legal and above board.

Burnsy
 
spoonz said:
I cannot pay cash as it is too much, if he tries to pay it into the bank they will ask questions.
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Eh? The only reason they would ask questions is if you want to take out an ISA or something. Seriously they are glad to have you pay extra funds into your account.
Only reason for not putting it in there would be if they are actually attempting to scam that I can think of.
Walk away, save yourself the hassle IMO.

You put the draft to the other bloke and where is the proof that you gave the money to the seller? He could quite easily report it stolen and claim he doesn't even know you or something.
 
no chuffing way he could claim that you never paid for it or be colluding in someway with this third party. Cold hard cash on the nail every time!
 
Dodgy as hell IMO. Seriously mate, walk, now!

I have on two occasions paid large sums of cash into my account over the counter. One for £15k from the missus inheritance, we got the cash out at her bank just so that we could hold it LOL, and walked up to my branch and paid it in five minutes later. I also stuck 7k in cash in for my Integra. Not once was there even a question raised and it was my first visit to my branch since opening the account.
 
Do you fancy walking around with 22.5k cash?

The bank say its at the banks discretion as too how much cash they will accept, Im calling his bank now to see.
 
[TW]Fox said:
No, but I don't mind driving to somebodies house to collect a £22.5k car with it.
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Well my bank is opposite his.

Ill call bank and arrange for cash to be available, walk over to his and pay in!
 
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