Best way to pay for a £3k car?

[Goldent147]

Cash, PayPal, bankers draft, bank transfer, etc?

I'm thinking cash as it is instant and easily transferrable to the seller. A receipt of sale will also be included with the winning transaction type

[Chicane-UK]

I'd pay cash when I went to pick it up..

[kambites]

I'd use cash.

[marcosgt]

I'd prefer Banker's draft as a buyer - Should be acceptable to the seller too.

Cash is easiest though.

M

[kambites]

marcosgt said:

I'd prefer Banker's draft as a buyer - Should be acceptable to the seller too.

The seller would be mad to take a banker's draft without seeing it drawn up - far too easy to forge.

[jbi]

cash...

but I hate counting out 3k in notes and then handing it over

Makes you realise how much beer 3k could buy

[grumbledoak]

If I was selling I'd want bank transfer or cash. And you won't get the keys until I know I have the money.

[kambites]

My approach is to go to my bank with the seller, withdraw the money so he can see the bank count it, then go to his bank with him to pay it in.

[marcosgt]

kambites said:

marcosgt said:

I'd prefer Banker's draft as a buyer - Should be acceptable to the seller too.

The seller would be mad to take a banker's draft without seeing it drawn up - far too easy to forge.

Really? Blimey I've been a mug in the past then and so have a number of people (including dealers) I've bought from.

Can you not ring the bank to verify it?

Actually, what about an account to account transfer? I'm pretty sure this is what I did when I bought the Mazda.

M.

[falkster]

Either bank transfer or cash! For the transfer you sometimes have to sit around at the sellers house for a bit!! As long as they have good coffee!!

[Hugo a Gogo]

if it was in euroland, 6 crisp notes would do it nicely

in paranoid UK you've got to have a wad of small bills that could choke a donkey

[Chapppers]

jbi said:

cash...

but I hate counting out 3k in notes and then handing it over

Makes you realise how much beer 3k could buy

Beer is massive waste of car money.

[jbi]

Chapppers said:

jbi said:

cash...

but I hate counting out 3k in notes and then handing it over

Makes you realise how much beer 3k could buy

Beer is massive waste of car money.

I used beer as an example...

Its when you break 3k down into 20's it all hits home.

That's a lot of hours at work

[BalhamBadger]

kambites said:

My approach is to go to my bank with the seller, withdraw the money so he can see the bank count it, then go to his bank with him to pay it in.

My bank wouldn't let me take out £3k in cash when I bought my car. Had to do it by internet transfer at the seller's place of work then wait for it to pop up in his account. We waited for 2 hours but it still didn't show so he let me drive off with the car anyway.

I am obviously a thoroughly trustworthy fellow.

[Snowboy]

Cash.
It's nice and instant.

I've accepted a cash deposit in the past, the buyer paid the balance by Chaps the next day and picked the car up when it had cleared into my account.

Dealers will often accept bankers drafts if accompanies by lots of ID.
I might accept a banker draft off a 'known person', like a regular on PH or a mate of a mate.
But, from a totally random person, it's cash.

Ideally, it's cash you've seen them take from the bank, so you know it's not fake money.
It depends on how dodgy the buyer looks.

[kambites]

BalhamBadger said:

kambites said:

My approach is to go to my bank with the seller, withdraw the money so he can see the bank count it, then go to his bank with him to pay it in.

My bank wouldn't let me take out £3k in cash when I bought my car. Had to do it by internet transfer at the seller's place of work then wait for it to pop up in his account. We waited for 2 hours but it still didn't show so he let me drive off with the car anyway.

I am obviously a thoroughly trustworthy fellow.

Really? Mine let me take out 16k to buy mine, although I had to tell them in advance that I was going to.

[kambites]

marcosgt said:

Really? Blimey I've been a mug in the past then and so have a number of people (including dealers) I've bought from.

Can you not ring the bank to verify it?

That I don't know, you may well be able to.

[grumbledoak]

BalhamBadger said:

My bank wouldn't let me take out £3k in cash when I bought my car.

They will let you do it if you give them notice and you have the funds. It's below the 'worrying' level but they may not have that much floating about if you just walk in.

[kambites]

swerni said:

Cash, it's the easiest option.

But not in pound coins, that may not go down too well

20ps are much less likely to be fake.

[Chapppers]

jbi said:

Chapppers said:

jbi said:

cash...

but I hate counting out 3k in notes and then handing it over

Makes you realise how much beer 3k could buy

Beer is massive waste of car money.

I used beer as an example...

Its when you break 3k down into 20's it all hits home.

That's a lot of hours at work

True, however TOP TIP: I found recently that if you get it all in £50 notes, you see them so rarely that it doesn't look like real money anymore, which eases the pain slightly.