Buying a car without cash

[Tungtvann]

My current car has finally pissed me off too much, so I want to buy a new one, today. Cash seems to be the preferred method of buying a car privately, but seeing as it's a bank holiday, I can't get the money out to do so.

If you were a private seller, would you accept any other means of payment? I understand people are very cautious with these sorts of things, but how could I do it? Bank transfer from my phone in front of someone? Write out a cheque, show them my account balance on my phone and show them ID with name and address? The seller only lives a few miles from me anyway, if that would make a difference.

I've got a feeling that cash will only be good enough, so unless my old man has got a few grand in the house, I think it's going to be a no deal!

[arry]

I bought my BMW by bank transfer done on their pc so they could watch it go. But then I'm an extremely trustworthy chap with trustworthy looks to match my character

[Minty]

Bank transfers are the way to go. Too dodgy to be walking about with several thousand pounds in your pocket.

Ring them, explain you do not like carrying that amount of money on you and would a transfer suffice along with they are welcome to take details of (passport/licence number etc)
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[Rogerborg]

I would prefer a bank transfer to a massive wodge of cash. Saves both of us a pointless trip to the bank.

For anything up to about £2K, no worries. Above that, supported with suitable documentary evidence of your ID and with a contract/receipt signed by both parties.

But that's me, and I'm not selling my car.
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GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[1198]

I suppose a transfer would suffice but personally I'd prefer a wad of cash in my hand. I'd happily make a trip to the bank with it.
There's advantages and downsides for all methods. It'd be easy to stick a few duff notes into a bundle, but I don't particularly like electronic transfers...

[bamt]

I was probably alone in thinking that "Buying a car without cash" fitted perfectly in to the "Random BaRter" forum area

[RhynoCZ]

What if the seller wants financial guarantee/deposit before he let's you test drive the car?
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'95 Mercedes-Benz w202 C200 CGI, '98 Mercedes-Benz w210 E200 Kompressor

[Tungtvann]

[Ste]

I've bought and sold vehicles by bank transfer. It's very straight forward and problem free unless you're selling to a Nigerian.

[Tungtvann]

Done. He was more than happy with the bank transfer and it was in his account whilst we were standing there.

[331X2]

Pix?

[Clutchy]

PIIIIIIIIIIXXXXX
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Malaguti F12 Phantom-Dead, Suzuki AY50- Dead, NRG power DD LQ, CBR125.
*33 BHP restriction up on 10/12/14* Current bikes/car: SV 650 S/ MKIV GOLF
Guide to pass your test with no lessons!

[covent.gardens]

Nope, don't do none of that shit, it's cash in hand, any other attempt to pay with anything other than cash is treated as a scam attempt

I always pay cash and would expect cash for anything up to £5k or so

I was about to say I might take a PayPal transfer if he paid the fees and I could see it in my account... before coming to my senses and remembering he could easily do a chargeback... ! So nothing but cash.

[c_dug]

I'd happily accept a bank transfer
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I am a bellend, I am a man of constant sorrow, I am a gummy bear, I am a rock.

[smithyithy]

Cash is fine for smaller purchases, selling cars / bikes for sub-£1k for example, but now I'm selling cars worth £3500 for example, bank transfer would be so much easier.

However I find that the kinda people that come to buy the older or more collectable cars and bikes are typically less into the internet banking and that kinda thing.

But remember, you have to give a discount for cash, always..

https://www.discoveryuk.com/dni-media/ig-tool/mu-70/media-58392-209245.jpg

[RhynoCZ]

[Tungtvann]

I got £500 off the car as it was! He was a really nice guy and I felt like giving him a bit more, but bidniz is bidniz!

[arry]

[smithyithy]

'Old out yer 'and!

[clancy]

I hate it when your asked 'what's your best cash price'. Well, it's the asking price, im not a dealership, I expected cash
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KLX 300r

[drzsta]

Bank transfer is probably one of the safest methods of payment.

Do most people request cash in hand from their employer?











(yes I know its BACs)

[Clutchy]

[Tungtvann]

[331X2]

Oooh... Pix!

Seriously considering a Saab for my next "nice" car, you seem to get a lot for the money. Either that or an E39 V8 a la pits...

[Tungtvann]

https://img.photobucket.com/albums/v144/damaja/imagejpg1.jpg
https://img.photobucket.com/albums/v144/damaja/imagejpg2.jpg

Hier is!