Leaving a deposit. Private sale
Discussion
swerni said:
Garlick said:
Hmmm, the car is only a few grand so maybe £100 to secure?
As for saying who I am I doubt this chap knows me from Adam, he just wants to sell his motor.
As for saying who I am I doubt this chap knows me from Adam, he just wants to sell his motor.
did you ever use to try that line trying to get into night clubs as well?
"do you know who I am"
Ozzie Osmond said:
Just make out a clear signed receipt identifying
This will give you a binding contract and enough to sue for your deposit back if it all goes pear-shaped.
- the car (VIN, type, colour and registration number)
- the recorded mileage
- the total price
- the deposit paid in cash and that it has been received by the seller
- the date when you expect to get the car.
This will give you a binding contract and enough to sue for your deposit back if it all goes pear-shaped.
Some years back I got a very similar AA-recommended template for this, which seems to do the trick. Never needed to rely on it though, thankfully...
V8A*ndy said:
Leave him a cheque for a £100 for him to hold.
Then when you buy the car give him the whole amount in cash and have him rip up the cheque.
I'd not accept a cheque as deposit. I did it once before, and it bounced, and I ended up in a protracted argument with the buyer who thought that I was wrong to try to deposit it, and wrong to sell it to someone else after it bounced and I couldn't get hold of him.Then when you buy the car give him the whole amount in cash and have him rip up the cheque.
£100 cash should be plenty, though. It's just to show that you are genuine, and no-one leaves £100 if they are only half thinking of buying a car.
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