I am selling a car to Europe, how do I get my money safely?
Discussion
I have agreed a deal on my car. The guy is coming from the Netherlands next week. He wants to pay half the money into my account now and the rest when with me via abn-amro. Will this payment be instant and secure or could I end up seeing my car drive off for half the value?
How can I deal with getting my money in the safest way?
How can I deal with getting my money in the safest way?
tuscan_al said:
I have agreed a deal on my car. The guy is coming from the Netherlands next week. He wants to pay half the money into my account now and the rest when with me via abn-amro. Will this payment be instant and secure or could I end up seeing my car drive off for half the value?
How can I deal with getting my money in the safest way?
I was just about to ask the exact same question, so I hope you don't mind if I ask here?!How can I deal with getting my money in the safest way?
I've got a guy from Slovakia saying he'd like to buy my car, he says he'd like to send a deposit over via bank transfer, then get the people doing the delivery to pay the rest in cash when they pick the car up. I've never done anything like this before - can I get conned anywhere here?! I've heard stories of people sending money to people and then being able to reverse it or something like that?
euroboy said:
tuscan_al said:
I have agreed a deal on my car. The guy is coming from the Netherlands next week. He wants to pay half the money into my account now and the rest when with me via abn-amro. Will this payment be instant and secure or could I end up seeing my car drive off for half the value?
How can I deal with getting my money in the safest way?
Well it goes without saying that cash is the safest - however I have dutch bank accounts with a couple of banks (including ABN) and once the money has been sent theres no way of reversing the transaction, so id say its pretty safe in that respect.How can I deal with getting my money in the safest way?
A normal transaction between NL-UK takes 2-3 working days, however there is the option with online banking to make a priority payment which will usually arrive next working day.
If the first payment arrives OK and you sit and watch him send the 2nd one with the priority option i'd have no worries. All Dutch online bank transaction require a security 'calculator' so id have no worries about him using a fraudulent account etc.
HTH
euroboy said:
Mellow Matt said:
tuscan_al said:
I have agreed a deal on my car. The guy is coming from the Netherlands next week. He wants to pay half the money into my account now and the rest when with me via abn-amro. Will this payment be instant and secure or could I end up seeing my car drive off for half the value?
How can I deal with getting my money in the safest way?
I was just about to ask the exact same question, so I hope you don't mind if I ask here?!How can I deal with getting my money in the safest way?
I've got a guy from Slovakia saying he'd like to buy my car, he says he'd like to send a deposit over via bank transfer, then get the people doing the delivery to pay the rest in cash when they pick the car up. I've never done anything like this before - can I get conned anywhere here?! I've heard stories of people sending money to people and then being able to reverse it or something like that?
I've just heard back from the chap who wanted to buy my BEC, and he's offering £200 more than another guy who's interested in my car. This is obviously tempting to me, but I'm still a bit worried about it! This is what he's sent me:
"I will shortly summarize the status on my side.
- I am ready to offer 7500 GBP for the car and I am ready to transfer deposit by bank transfer immeditely after seeing scan or ptho of V5 document
- The name of the company is Exmodtransport, they are located in Germany and they deal through all the Europe. I already used them for car transport from UK
Their telephone number is as followos and you can check with them that I already talked to them about the car transport from UK, specificilly
about Lotus 7 replica as it needs to be transport with the cover
00496431564644
Last time they transported for me and my friend 2 cars from UK company called Performancelegends and actualy recieved contact from them. Performancelegends is using them to transport cars within Europe
- They are ready to pick up the car NEXT WEEK and pay the balance between deposit and 7500 GBP
- Yes I am in Slovakia, working in Bratislava (capital) from lat year, but I am originally from Czech. I assume you found it by the first digits of the phone number"
Is there anything I should worry about here? He said they can pay cash when they pick up the car.
Also, how would signing the V5 work? 'Cos obviously he wouldn't be there, so would the couriers sign it?
The other thing is, I don't want to shaft the guy who's already interested in the car, and has come to see it, but I don't really know what the etiquette is here!
TIA.
"I will shortly summarize the status on my side.
- I am ready to offer 7500 GBP for the car and I am ready to transfer deposit by bank transfer immeditely after seeing scan or ptho of V5 document
- The name of the company is Exmodtransport, they are located in Germany and they deal through all the Europe. I already used them for car transport from UK
Their telephone number is as followos and you can check with them that I already talked to them about the car transport from UK, specificilly
about Lotus 7 replica as it needs to be transport with the cover
00496431564644
Last time they transported for me and my friend 2 cars from UK company called Performancelegends and actualy recieved contact from them. Performancelegends is using them to transport cars within Europe
- They are ready to pick up the car NEXT WEEK and pay the balance between deposit and 7500 GBP
- Yes I am in Slovakia, working in Bratislava (capital) from lat year, but I am originally from Czech. I assume you found it by the first digits of the phone number"
Is there anything I should worry about here? He said they can pay cash when they pick up the car.
Also, how would signing the V5 work? 'Cos obviously he wouldn't be there, so would the couriers sign it?
The other thing is, I don't want to shaft the guy who's already interested in the car, and has come to see it, but I don't really know what the etiquette is here!
TIA.
When I sold my MGB to a chap from Germany, I was a little concerned, but it all worked out nicely, basically what I did was as follows.
1. Once the price had been agreed, wrote out a simple contract and posted two copies to the purchaser, he then signed the contract and return both copies to me. I then sign them both and one was sent back to the new owner.
2. Had him bank transfer the money and confirmed with my bank their process to make sure that the money was defo cleared etc (did offer to accept cash, but happy in the end with a bank transfer)
3. Also prepared a simple receipt showing the full details of the car/condition etc (buy as seen!) and had the delivery driver take one and sign another for my records
4. V5 was signed by myself and the relevant section went to the DVLA (the export bit) and the remainder went with the collection driver.
That was about it, if you want any details on anything just let me know, have copies of the receipt and contract etc.
To be perfectly honest I have sold a few cars and this was the easiest and least stressful of any of them!
1. Once the price had been agreed, wrote out a simple contract and posted two copies to the purchaser, he then signed the contract and return both copies to me. I then sign them both and one was sent back to the new owner.
2. Had him bank transfer the money and confirmed with my bank their process to make sure that the money was defo cleared etc (did offer to accept cash, but happy in the end with a bank transfer)
3. Also prepared a simple receipt showing the full details of the car/condition etc (buy as seen!) and had the delivery driver take one and sign another for my records
4. V5 was signed by myself and the relevant section went to the DVLA (the export bit) and the remainder went with the collection driver.
That was about it, if you want any details on anything just let me know, have copies of the receipt and contract etc.
To be perfectly honest I have sold a few cars and this was the easiest and least stressful of any of them!
Just to update my situation. I received half the money before the buyer flew over. Then while at my house he transferred the remaining money. It all worked fine and I got my money this morning in my account. Its a very stressful thing selling a car and I cannot imagine what it would be like risking an even higher amount of money than what I sold mine for. But I think the bank to bank transfer was for me the best way.
Keep in mind though that there are costs involved when transfering money via bank. I did a SEPA tranfer, meaning the Dutch bank is not allowed to charge costs. Still, the amount received was less than calculated using the current exchange rates (about 2 percent).
@Tuscan_al: you were lucky to have a very trustworthy buyer
Thx for the effort. I really like the car, even though only allowed to look at it, not drive it (yet)
@Tuscan_al: you were lucky to have a very trustworthy buyer
Thx for the effort. I really like the car, even though only allowed to look at it, not drive it (yet)
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff