Selling a car on behalf of a friend
Discussion
A friend of a friend is giving me his car to sell on his behalf. Reason being is he is moving to Australia and wants to use the car until the very last minute before he sets off. So I’ll sell the car when he’s gone and send the money over to him.
Is there anything I should look out for, would you be put off if I told you the above? How would you prefer to take payment for over £7000 to ensure I/he doesn’t get ripped off?
Is there anything I should look out for, would you be put off if I told you the above? How would you prefer to take payment for over £7000 to ensure I/he doesn’t get ripped off?
Payment, either cash of bankers draft.
take the buyer to the bank with you whilst you pay it in and ask for verified payment if it is a draft.
that way if it is a stolen draft or the notes are fake you still have the car!
Have a signed letter of authority to sell from the registered keeper, I would be hesitant about buying from a person who's name is not on the V5
take the buyer to the bank with you whilst you pay it in and ask for verified payment if it is a draft.
that way if it is a stolen draft or the notes are fake you still have the car!
Have a signed letter of authority to sell from the registered keeper, I would be hesitant about buying from a person who's name is not on the V5
kaf said:
Payment, either cash of bankers draft.
take the buyer to the bank with you whilst you pay it in and ask for verified payment if it is a draft.
that way if it is a stolen draft or the notes are fake you still have the car!
Have a signed letter of authority to sell from the registered keeper, I would be hesitant about buying from a person who's name is not on the V5
The bank things a good idea but I dont think that will work as i'm not near my bank. take the buyer to the bank with you whilst you pay it in and ask for verified payment if it is a draft.
that way if it is a stolen draft or the notes are fake you still have the car!
Have a signed letter of authority to sell from the registered keeper, I would be hesitant about buying from a person who's name is not on the V5
I once spent quite a long time counting £20 notes to the sum of £6000 obtained from a French guy. It was a bit embarrassing doing that in a public place(car park). They went away why i rushed up to the bank sweating the notes were not dodgy..
Don't like those building society cheques or drafts..Just a piece of paper!
Money transfer is the way to go in your case..Direct into your friends account in Australia.
Car doesn't leave you until the system is cleared.
Let your friend tell you that!
A small holding deposit would be nice in the meantime...your drink maybe!
The buyer pays the fee involved as well ..Which isn't a great deal of money.
Is the car to be sold insured for you to test drive for prospective clients?
limjamrace said:
I once spent quite a long time counting £20 notes to the sum of £6000 obtained from a French guy. It was a bit embarrassing doing that in a public place(car park). They went away why i rushed up to the bank sweating the notes were not dodgy..
Don't like those building society cheques or drafts..Just a piece of paper!
Money transfer is the way to go in your case..Direct into your friends account in Australia.
Car doesn't leave you until the system is cleared.
Let your friend tell you that!
A small holding deposit would be nice in the meantime...your drink maybe!
The buyer pays the fee involved as well ..Which isn't a great deal of money.
Is the car to be sold insured for you to test drive for prospective clients?
The cars insurance is due to expire but he's going to put another months insurance on so thats fine. I think the bank transfer to my account will surface and i'll send the money over to Oz. I thought about getting some sort of proof that my friend is moving to Oz, such as a picture of the flight ticket with his name on, do you think its worth the bother?Don't like those building society cheques or drafts..Just a piece of paper!
Money transfer is the way to go in your case..Direct into your friends account in Australia.
Car doesn't leave you until the system is cleared.
Let your friend tell you that!
A small holding deposit would be nice in the meantime...your drink maybe!
The buyer pays the fee involved as well ..Which isn't a great deal of money.
Is the car to be sold insured for you to test drive for prospective clients?
Yes it is hard enought to sell with so much about to buy nowadays..
Initial advert sounds bad from the outset.."Selling on behalf of a friend ".Makes you seem to be a part time dealer.
If your friend is established in Australia..Have his email address for clients to check up..Nothing is really full stop though is it..
If the car is what people want ..It sells!
Demanding cash only would make alarm bells ring i would have thought. So make the transaction flexible as has been advised. That way the buyer has some written proof of sale and so forth.
Selling cars is always stressful isn't it without doing it on someelses behalf.
I think I would be trying to avoid the hassle of staying in, dealing with time wasters, worrying about the payment etc.
And suggest to him he use these. http://www.sure-sell.info/
And suggest to him he use these. http://www.sure-sell.info/
I've taken cash at home before, but then worried incase it was funny money.
Last car I sold, which was 2 weeks ago, I went the bank with the buyer, he took out the cash in his bank, we then went next door and paid it into my bank, was very easy and secure if a little bit paranoid of me.
Last car I sold, which was 2 weeks ago, I went the bank with the buyer, he took out the cash in his bank, we then went next door and paid it into my bank, was very easy and secure if a little bit paranoid of me.
Money testing pen then take cash, cash paid into your bank, bankers draft as before.
I don't know why people get so stressed over a simple financial transaction.
There are thousands of businesses deal with large amounts of cash every day of the week, very few have more than basic security precautions and the levels of fraud or robbery as a percentage of all transactions is very small.
I don't know why people get so stressed over a simple financial transaction.
There are thousands of businesses deal with large amounts of cash every day of the week, very few have more than basic security precautions and the levels of fraud or robbery as a percentage of all transactions is very small.
Chrisw666 said:
Money testing pen then take cash, cash paid into your bank, bankers draft as before.
I don't know why people get so stressed over a simple financial transaction.
There are thousands of businesses deal with large amounts of cash every day of the week, very few have more than basic security precautions and the levels of fraud or robbery as a percentage of all transactions is very small.
Money testing pen would run out of ink after 350 times and the car would devalue due to time span spent doing it. Not to mention embarrassment both ways.I don't know why people get so stressed over a simple financial transaction.
There are thousands of businesses deal with large amounts of cash every day of the week, very few have more than basic security precautions and the levels of fraud or robbery as a percentage of all transactions is very small.
For most people once every now and then dealing with this sum of money IS stressful. The small percentage does happen and would certainly total me out!
In my case the French guy could have been money laundering. Or maybe not French at all..Romanian or any other news reported fraud centre..Well he certainly wasn't Nigerian.
If it was me i would sell the car and contact Australia to confirm if the offer if any was acceptable and then get the buyer to send the money to the owner by money transfer.
I did this with a chap..Ironicaly from Australia regarding a historic race engine a while ago and everyones happy!
limjamrace said:
Money testing pen would run out of ink after 350 times and the car would devalue due to time span spent doing it. Not to mention embarrassment both ways.
For most people once every now and then dealing with this sum of money IS stressful. The small percentage does happen and would certainly total me out!
In my case the French guy could have been money laundering. Or maybe not French at all..Romanian or any other news reported fraud centre..Well he certainly wasn't Nigerian.
If it was me i would sell the car and contact Australia to confirm if the offer if any was acceptable and then get the buyer to send the money to the owner by money transfer.
I did this with a chap..Ironicaly from Australia regarding a historic race engine a while ago and everyones happy!
I'm sure I wouldn't be happy. I'd be dealing with "someone's friend", I get "a car" and my money goes straight out of the country to an unknown person. I would feel safer paying the agent and know where he lived.For most people once every now and then dealing with this sum of money IS stressful. The small percentage does happen and would certainly total me out!
In my case the French guy could have been money laundering. Or maybe not French at all..Romanian or any other news reported fraud centre..Well he certainly wasn't Nigerian.
If it was me i would sell the car and contact Australia to confirm if the offer if any was acceptable and then get the buyer to send the money to the owner by money transfer.
I did this with a chap..Ironicaly from Australia regarding a historic race engine a while ago and everyones happy!
kaf said:
I think I would be trying to avoid the hassle of staying in, dealing with time wasters, worrying about the payment etc.
And suggest to him he use these. http://www.sure-sell.info/
Or the aforementioned Webuyanycar. Maybe (Definetly) won't get full retail but he will get something.And suggest to him he use these. http://www.sure-sell.info/
.R2D2 said:
A friend of a friend is giving me his car to sell on his behalf. Reason being is he is moving to Australia and wants to use the car until the very last minute before he sets off. So I’ll sell the car when he’s gone and send the money over to him.
Is there anything I should look out for, would you be put off if I told you the above? How would you prefer to take payment for over £7000 to ensure I/he doesn’t get ripped off?
Wait...some of the 'selling on behalf of friend' stories on eBay AREN'T complete horsesIs there anything I should look out for, would you be put off if I told you the above? How would you prefer to take payment for over £7000 to ensure I/he doesn’t get ripped off?
t?! avocado said:
If i was buying a 7k car I definitely wouldn't be happy wiring 7k to Aus!
Yes thinking about it maybe not!No one's asked what type of car it is yet..
What actual car is it anyway?
The car might take ages to sell after he has gone,so you may get right hacked off with the bother.
Tell him to put the car up for sale before he goes and if it doesn't go then carry on . If it goes straight away then he could just hire a car in the meantime...Cannot be more than £100 a week!
limjamrace said:
Yes thinking about it maybe not!
No one's asked what type of car it is yet..
What actual car is it anyway?
The car might take ages to sell after he has gone,so you may get right hacked off with the bother.
Tell him to put the car up for sale before he goes and if it doesn't go then carry on . If it goes straight away then he could just hire a car in the meantime...Cannot be more than £100 a week!
Its a Honda Civic 1.8 Sport 2007, approx 30,000 miles. No one's asked what type of car it is yet..
What actual car is it anyway?
The car might take ages to sell after he has gone,so you may get right hacked off with the bother.
Tell him to put the car up for sale before he goes and if it doesn't go then carry on . If it goes straight away then he could just hire a car in the meantime...Cannot be more than £100 a week!
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