Jump to content

Selling a car
Best method of payment


  • Please log in to reply
11 replies to this topic

#1 Gumbette

Posted 14 November 2012 - 09:27 AM

I'm getting down to the nitty gritty end of selling my car now.  I have a problem though, as both potential buyers are from interstate and would like to take the car with them immediately upon payment.  I have heard there is potential for a bank cheque to be fake, so they offered to give me cash on the spot.  It will be a weekend so how would I count out $45K in cash  ffear.gif and then there's the problem of having that much money in the house and having someone external know this.  However... I feel bad asking these people to drive back again in 3 days time to pick up the car, especially as they have young children.

#2 SeaPrincess

Posted 14 November 2012 - 09:30 AM

You could ask them to do a bank transfer ahead of time, allowing time for it to show up in your account.  This is what we did when we sold our camper.  The buyer paid a $10,000 deposit, then the balance a couple of days before pick-up.

R

#3 PrincessPeach

Posted 14 November 2012 - 09:35 AM

I know this sounds silly & very over the top, but if I were you I would be arranging to do the sale at your transport department (on a Saturday morning) & then go in with them & lodge the transfer of ownership papers then & there.

A friend of my brother got burned badly when he sold a car privately & the new owner didn't bother to lodge the transfer papers. (the new driver was done for speeding). It took him quite a bit to prove he has onsold the car & this is the advice the transport department gave him.

As for the cash problem - check to see if your bank have a branch that opens on saturdays - do the transfer & head over to the bank & deposit the cash!

Edited by PrincessPeach, 14 November 2012 - 09:36 AM.


#4 tothebeach

Posted 14 November 2012 - 09:49 AM

QUOTE
I have heard there is potential for a bank cheque to be fake, so they offered to give me cash on the spot.

Where did you hear about fake bank cheques?  We paid for a camper (35K) and our car (40K) both with bank cheques and took them straight away.   Maybe we just look trust worthy!  There is absolutely no way that I would hand over either cash or a bank cheque and not walk away with the car.   And I would not transfer money to a bank account in advance either.

We also sold a car but only for $15K and the seller paid us cash.  We just took it to the bank on the Monday.

#5 Gumbette

Posted 14 November 2012 - 10:14 AM

QUOTE (tothebeach @ 14/11/2012, 10:49 AM) <{POST_SNAPBACK}>
Where did you hear about fake bank cheques?

Police told us this when I sold my last car - from memory they weren't fake, but stolen (it was on the news I think),  so the buyers were happy to wait until the cheque cleared, they didn't bat an eyelid when I suggested it.  

I have found a bank near us that is open on Saturday's so have suggested to the buyer he can meet us there, look at the car and take it straight away - thanks PrincessPeach.

#6 unicorn

Posted 14 November 2012 - 10:16 AM

Do they do postal money orders for that much? They have to have the dollars to pay for them and you can ring Aust Post and confirm that it's legit.

#7 Phascogale

Posted 14 November 2012 - 10:39 AM

QUOTE
A friend of my brother got burned badly when he sold a car privately & the new owner didn't bother to lodge the transfer papers. (the new driver was done for speeding). It took him quite a bit to prove he has onsold the car & this is the advice the transport department gave him.
I'm pretty sure you can still lodge your half of the paperwork that indicate that you have sold the car.  You just need to make sure that you have the details of the new owner.  I don't think everyone does this and it may also depend on your state.

#8 *LucyE*

Posted 14 November 2012 - 10:42 AM

I would do the meet and handover at the Transport Department.

Then, if they were willing to hand over cash, I would go directly to a bank branch that was open on a Sat or enquire about the night deposit system at your bank.

Personally, I don't see a buyer willing to have that much cash on hand or be willing to direct deposit ahead of time. I know I wouldn't. I'd go with the bank cheque and only if it was made out to me.

#9 Gembac8019

Posted 14 November 2012 - 10:52 AM

QUOTE (unicorn @ 14/11/2012, 10:16 AM) <{POST_SNAPBACK}>
Do they do postal money orders for that much? They have to have the dollars to pay for them and you can ring Aust Post and confirm that it's legit.



Aust post don't do it for that high of an amount.

#10 IsolaBella

Posted 14 November 2012 - 10:58 AM

Cash will require extra forms and paperwork at the bank. Any cash over $10k needs to be logged (anti money laundering).



#11 qak

Posted 14 November 2012 - 11:02 AM

Are the buyers willing to carry that much cash around with them  ffear.gif

#12 FizzlingFireboxes

Posted 14 November 2012 - 11:37 AM

I would ask them to do a bank transfer a few days before so it clears first.

We sold a car not  wasnt keen on a bank cheque, because they can be cancelled. The bank said most people wont cancel the cheque because they have to pay for them first but you never know.

Ours buyers ended up bringing cash.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Australia's top baby names of 2014

The numbers have been crunched and it's official: Australian parents are having a bit of an 'O' moment.

As a guilty mum: the best advice for treating head lice

Just like a horror movie ... THEY'RE BAAAAAACK. So what works in treating and avoiding head lice and nits?

No, having a dog is not like having a human child

It's obvious these people dote on their pets, but they're barking up the wrong tree.

Confirmed: Kate Middleton is in labour

The Duchess of Cambridge is in the early stages of labor at St Mary's Hospital.

Baby-led weaning worked for us

My baby wasn't interested in food - until we tried something new. Now she's eating it all, and it often comes from my plate.

Parenting an early walker

Watching your child take their first wobbly steps is one of the best parenting highs you'll ever experience. But with that high comes a new reality.

Overdue and over it

A watched womb never labours ... or at least mine didn't.

Seven questions you should be asking about your health cover

If the last time you assessed your health cover was five years ago, there?s a chance it may no longer suit your needs. To ensure it?s still right for your family, click here for seven questions to ask.

'Paralysed bride' becomes a mum

Rachelle Friedman Chapman was preparing to marry the man of her dreams when tragedy struck four years ago.

Why the royal baby will look more like Prince Philip than Prince William

No matter what the occasion the world always seems to be waiting for Prince William and Kate Middleton.

Surprise baby born on toilet

Discovering your wife has just given birth on the toilet would be a surprise for anyone. But the shock would be even greater if neither you or your partner knew you were expecting a baby.

5 spooky photos with babies and children

These five photos show some ghostly images - but are they real? Do you believe in the spirit world?

Does it matter how much time you spend with your children?

Does spending more time with your kids help their development? This is a more complex topic than it may seem.

Rare condition diagnosed during optional scan

A mother who opted for a 4D scan late in pregnancy discovered her unborn baby had a rare brain disorder.

Cleveland captives speak about their decade of terror - and their futures

"I think we were just tired of people talking, trying to tell our stories, and they had no idea, no clue, what we went through."

Proof it's impossible to not join in a toddler's laughter

They say laughter is the best medicine. If that's true Tom Fletcher and his son should live long, healthy lives.

How I really feel about my drug-free birth

Do I feel 'smug'? No. Nor do I feel remotely superior. Each birth was valid and valuable in its own right, producing, as it did, a healthy baby.

How to talk about your pregnancy at work

The workplace isn't always a friendly place for pregnant women. Yet working women inclined to conceal a pregnancy from prying coworkers may be better off opening up and carrying on, according to a new study.

Tell us your story to win!

To celebrate Mother's Day this year we are giving you the chance to win one of five great prizes simply by telling us your story.

The Goss

Sonia Kruger: 'One baby is enough'

The popular TV host has no plans for a sibling for her new daughter Maggie.

Where to get help to help your baby sleep

There is so much pressure about having a baby who sleeps 'all night' , it's no wonder you worry about your baby if she wakes in the night.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Playtime guide:

A new area on our site for all your playtime and learning fun with baby - specially brought to you by Fisher-Price Play IQ?. PLUS your chance to win a year's supply of toys.

Celebrate being a mum with Offspring

This Mother's Day, treat yourself to possibly winning an ultimate Mother's Day gift pack valued at $250 including the Offspring Box Set. Enter now!

Vintage baby names having a comeback

What makes some names have comebacks while others silently fade into oblivion? A few factors come into play.

How to play with your newborn

Even though they're immobile and can't speak, there are plenty of ways you can engage and communicate with your newborn to stimulate their physical, cognitive and emotional development.

Mum of six faked cancer to get donations, police claim

Elizabeth Edmonds' husband posted some devastating news on Facebook last year.

I'll admit it: I have last child parenting fatigue

If you're a new mum and feeling ignored by the older mum/the old hand/the has-been, please know, it's not you, it's me. Blame the last child parenting fatigue.

Cobie Smulders speaks about her battle with ovarian cancer

The 'How I Met Your Mother' star has revealed that she was diagnosed with ovarian cancer at 25 - and was told she'd never conceive naturally.

Essentials your child needs to grow

What does your baby need to grow up healthy? The experts give their advice.

Coroner warns of 'dangerous' cot

A UK coroner has warned of the dangers of a bedside cot after the death of a newborn baby who choked to death this month.

Building your baby's emotional and social skills through play

Babies are social beings who enjoy being around people they know and love, especially you.

Why suicide prevention is everybody's responsibility

Everyone agrees we need to do more to care for people at risk from suicide, the problem is what.

Exhaustion is not the same as tiredness

Having a new baby isn't tiring - it can be downright exhausting.

Five posterior babies, four home births

I was on a high. I'd done it all by myself with no help from anyone.

Mum's list of birthday gift demands goes viral

We're big fans of kids' birthday parties - but this is one bash we're glad we didn't get an invite to.

Kate Middleton to receive 'loyalty discount' for second birth

Everybody loves a bargain - including the Duchess of Cambridge.

Fish & chip shop owner's sad note goes viral

A lengthy note put on the window of a fish & chip shop has gone viral due to the writer's serious doubts about the romance of travel.

Pregnant women need good nutrition advice, not judgment

Pregnant women are under pressure to do all the "right things" to have a healthy child. It results in women feeling judged about their decisions.

William Tyrrell's mum speaks out: 'We hope he is still alive'

The mother of missing toddler William Tyrrell says she has a vision that somebody "picked him up and moved him on ... that's the only way ... to explain for him not to be there".

Family comes first for 23-year-old Tommy Connolly

Most 23-year-old blokes spend their hard earned cash on fun times with mates or romantic dinners with their girlfriend, but not Tommy Connolly.

Newborn all-girl quintuplets 'doing great'

The first all-female quintuplets born in the United States were delivered last week, at 28 weeks and two days.

53 creative pregnancy announcements

Announcing that you're expecting can be a time to express your creativity, sense of humour and imagination. Check out how other parents and parents-to-be have broken the news to friends and family.

IKEA hacks for the nursery and kids' rooms

Are you one of those that know the whole IKEA catalogue by heart? Love their stuff but want to personalise it? Here's some inspiration to help you realise the potential of IKEA furniture and fittings.

 

Top baby names

Baby Names

The numbers are in and we can now bring you the 2014 top baby name list for Australia.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.