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| The Bar For non Automotive Related Chat |
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04-10-2010, 12:09 PM
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RAGE Engineering
Join Date: Dec 2004
Location: Melbourne
Posts: 651
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Selling a car, about $10k worth.. Whats the go these days?, as in safer (for the seller).... Cash? Direct Deposit?
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If it doesn't fit, use a BIGGER hammer |
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04-10-2010, 12:19 PM
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Pity the fool
Join Date: Jan 2007
Location: Wait Awhile
Posts: 8,997
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If it were me I would demand cold hard cash (no DD) or a bank cheque otherwise its no bingo...
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Fords I own or have owned: 1970 XW Falcon GT replica  | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWDProud to buy Australian and support Ford Australia through thick and thin |
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04-10-2010, 12:21 PM
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FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 802
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Cash/Bank Cheque only. I usually go with the seller for them to deposit it into my account/pay out my loan. That way they get the assurance theres no finance and i dont have to mess about with it all.
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04-10-2010, 12:23 PM
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RAGE Engineering
Join Date: Dec 2004
Location: Melbourne
Posts: 651
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Thanks all. Why no Direct? Seems safe to me.... can they change their mind or something?
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If it doesn't fit, use a BIGGER hammer |
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04-10-2010, 12:31 PM
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Awesome
Join Date: Oct 2007
Location: In my own little world..Everyone here knows me :)
Posts: 9,401
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The problem with paying Direct Deposit is they have your cash and what if the seller changes their mind? They have your cash and you have no car.
I would only do Cash or Bank cheque personally. That way everyone knows where they stand and they can take the car when they pay for it.
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04-10-2010, 12:34 PM
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FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Who seriously has 10 large,just kickin around ???
Most lending institues would prefer to pay by some form of transfer rather than handing cold hard cash Then that depends how the loans is set up As for being the seller,how you sell the car depends if there is money owing or not, as to how a transaction is done Some loan institues would not release the car unless the monies owing is paid up I wouldnt let anything be released from my possesion unless all monies are in my hand (cash,transfer,cheques cleared) Cash or direct deposit is fairly safe People can forward date payment via direct deposit,be carefull All amounts cleared in full before releasing the car |
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04-10-2010, 12:36 PM
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Donating Member
 
Join Date: Jan 2005
Location: Morayfield
Posts: 27,653
 
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Quote:
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I love Holdens.... |
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Selling a car - cash/bank cheque?
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