Paying for private sale

[Hopkirk]

If you have bought or sold a car privately, how did the money change hands?

Do people still hand over wads of £50 notes?

[vodkancoke]

I sold a car privately for £5000 and I got cash for it.

[MASS1961]

Friend of mine sold his privately for £8500 and got cash. Don't know if there were £50 notes in it though. Took him a while to count it!

[erin-x]

I paid cash for my first car... £1600.

[Everhelpful]

I once paid £5000 Cash for a Ford Focus.

[Jeza]

The first car I bought for cash cost me £35. The last second hand car cost me £6,000 at point of sale and a further £1200 one week later. Then it got worse. I then paid £3,000 for a new engine. I have bought new ever since. If you buy private you have NO comeback.

[woofgang]

I sold a motorbike earlier this year and said that my terms were cash. Man turned up with an envelope full of money and drove the bike away...yes wads of fifties and twenties.

[gsr600]

apart from my last 3 Vehicle purchases which were Bank transfer,
I would give or take cash, most given £8K - taken £7,250.
out of approx 42 cars & M/bikes.
I love £50s

[ChuckFickens]

I bought another car a month or so back and paid for it cash (although it was a large wad of £20s, not £50s)

[tonyav]

Only readies for me, buying or selling.

[RATTER15]

When buying a car, hard cash speaks volumes.

I always have paid in cash for such things, its a great bargaining tool.

[cathfromsaron]

yep cash works!

[SpikeyBush]

Last motor I bought was paid for with €50 notes, only because I couldn't get to the bank for a draft when they were open so maxed out my debit card over three days to take the cash out the hole in the wall. Each time having my fierce-looking (but deep down soppy) dog with me, just in case.

[TWR]

I would be very cautious on this Hop, it may be my suspicious mind but with Forgeries coming out, if the buyer was handing out £50s before I would hand over the V5 & any documents I would get the notes checked, if the buyer was keen on buying the car, I think they would wait, but that me.

[bushbaby_de]

We asked the buyer to bring a bankers draft with him and we all went to the bank together to pay it in before we handed over the keys to the car.

[JonnyBoy12]

You really are a lot of rich people you ABers. Paying hard cash for a car is a known ploy to get a discount. Just out of a matter of interest how much of a reduction do you get for cash, by the way?

[ubasses]

Sold mine, asked for the draft in advance, went to my bank and got them to ring the buyers bank to confirm issue of the draft. Once I had this knew it wasn't forged or stolen and handed over the car. Would be wary of accepting cash without a machine to check for forgeries.