Car selling virgin needs help!

[CircleFaust]

hi all
in short, bought a car recently then got a new job with company car, hurrah
so the Astra I bought needs to go. Just put it in the Auto trader.

I've never sold a car before so i'm really looking for hints/tips. i've read these on the AT site

what i need really is advice on the types of payment.

cash is best right? - do i take them to the bank woth me to pay it in. if they cant go with you just sift through it for fake notes?

cheques - wait until it clears. if it is a fake would it look to be in your account then bounce. how long would this take?

what should i be wary of.

many thanks

 

[jimblowscash]

cash is king, get a marker pen for 2.99 from rymans to check the notes, also if youve any mates that handle cash on a regular basis get them to check it as well.
NEVER NEVER NEVER take moneygram, or any other form of electronic payment other than bacs or chaps, and avoid cheques and bankers drafts as these can be forged

 

[CircleFaust]

my insurance for this car has been cancelled. should i only let insured drivers test drive it.
should i always ask for proof of insurance, if they can't provide it dont let them drive?

 

[wonder_lander]

my insurance for this car has been cancelled. should i only let insured drivers test drive it.
should i always ask for proof of insurance, if they can't provide it dont let them drive?

I'd ask for proof, also only give them the keys to it when you're sitting in the passenger seat, don't want them driving off!

 

[Mr Jack]

Technically, Cheques can bounce long after they've cleared if there's fraud involved. But, personally, I'd be happy to accept a cheque providing they were happy for it to have cleared into my account before they got the car - ditto, banker's drafts.

Electronic transfer is just as safe as cheques providing it's any form of account->account transfer.

Cash is best, I guess, but I don't know about you but I wouldn't want to be paying a few thousand in cash to someone.