MK5 Golf GTI
All Things Mk5 => Mk5 General Area => Topic started by: Wallpaper_01 on September 25, 2012, 10:02:28 am
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Hi, this is not an advert, just looking for some advice.
The most expensive car I've sold was £2000 and the buyer paid cash. But I'm wanting to sell my 2005GTI for about £7000.
I bought the car from a dealer so I paid card but how would I sell this? Would the buyer give me a cheque and I wait for it to clear before letting the car go or would they pay cash?
Any advice would be great! Really don't want to sell but travelling 35 miles a day with these petrol prices, I can't justify keeping it :(
Thanks,
Dan
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Are you selling it privately?
If so, best way would be straight cash, or a bank transfer. Never sign the car over if you haven't received the payment!
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Are you selling it privately?
If so, best way would be straight cash, or a bank transfer. Never sign the car over if you haven't received the payment!
Do NOT even reply to anyone emailing about your car if they want to pay with Paypal!, it's all a con!
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Yeah privately. Ah ok, just seems like a lot of cash! Bank transfer sounds sensible, I guess that would mean 2 viewings for them.
Thanks!
Ah ok won't do Paypal, don't think I'll put it on ebay or autotrader, last time I had a car on autotrader I got loads of foreign people saying they would come over from abroad... A bit scary! Was only a battered up mk2gti haha
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Yeah privately. Ah ok, just seems like a lot of cash! Bank transfer sounds sensible, I guess that would mean 2 viewings for them.
Thanks!
Ah ok won't do Paypal, don't think I'll put it on ebay or autotrader, last time I had a car on autotrader I got loads of foreign people saying they would come over from abroad... A bit scary!
I paid for my Ed30 in cash, took 5-10 mins to count it.
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Nice one! Thanks for the advice!
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MK2 Gti's would be popular in Europe so that is probably why lol.
But they can do a bank transfer straight after they have viewed the car these days. Online banking along with a card reader!
Yeah and paypal has a charge for sending money so don't trust them, unless you actually see the money in your account.
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MK2 Gti's would be popular in Europe so that is probably why lol.
But they can do a bank transfer straight after they have viewed the car these days. Online banking along with a card reader!
Yeah and paypal has a charge for sending money so don't trust them, unless you actually see the money in your account.
FORGET PAYPAL ENTIRELY, IF YOU SELL SOMETHING WITH PAYPAL YOU HAVE TO HAVE PROOF OF DELIVERY OTHERWISE SELLER CAN CLAIM MONEY BACK, YOU CAN'T PROVE DELIVEREY ON A CAR COLLECTED!. DO NOT ACCEPT PAYPAL FULL STOP!.
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MK2 Gti's would be popular in Europe so that is probably why lol.
But they can do a bank transfer straight after they have viewed the car these days. Online banking along with a card reader!
Yeah and paypal has a charge for sending money so don't trust them, unless you actually see the money in your account.
FORGET PAYPAL ENTIRELY, IF YOU SELL SOMETHING WITH PAYPAL YOU HAVE TO HAVE PROOF OF DELIVERY OTHERWISE SELLER CAN CLAIM MONEY BACK, YOU CAN'T PROVE DELIVEREY ON A CAR COLLECTED!. DO NOT ACCEPT PAYPAL FULL STOP!.
:fighting2: Get a deposit if someone is really interested. Then get the rest cash or bank transfer
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Yeah good point, I remember being scammed on paypal on an item so im sure I wouldnt like it to happen on a car!
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Proof of delivery? You're selling a car here, which you would sign over using a V5?
But it is true, because the money sent on paypal might not be his own money, and the person whose money it actually was, can try and claim it back.
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i used to sell cars privatelly, do cash only on this i would say, £7k aint a lot but check the notes for forgeries, first viewing needs a deposit and cash on collection, take him in the house and sit down to do the paperwork, do not use paypal.
once all cash is counted then do the transfer of the v5, then hand over keys,,, job done
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I'll give you 20 grand for it! Half now, and half when it arrives at my home in Nigeria
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I'll give you 20 grand for it! Half now, and half when it arrives at my home in Nigeria
My Paypal address is Scammer_StealingCarsBackToNigeria@Paypal.com
:P
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Haha well Ill take the Half of £10k now :wink:
Thanks for the advice everyone! It's a shame that we have to be so cautious selling, but the reality is that there are thousands of dishonest people out there! :sad1:
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I've sold a 2007 Polo last year with 8K on the clock.
A couple came from wales to look and buy it, she asked if she could pay £1500 cash and then the remainder by bank transfer, so we went inside and went on the laptop and made the transfer, money was there in 45 minutes and she drove off.
For your GTI i'd insist on Cash or bank transfer, as the buyer can come, place a deposit, then go away and make the internet transfer, and come back when cleared?
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When I bought my ED30 last month, I drove upto Birmingham with a bankers draft.
I took a photocopy of my passport and driving license, a recent bill and a statement from the bank showing the draft being with drawn.
I am with Santander and there is a contact number on the back for the seller to call and check the thing is legit.
When I sold my car, I had a guy come over with 13k in £50 notes and I took him and the money to my bank and paid it in. When they confirmed it was real, he got the keys!
I personally would always take the buyer to your bank and have them pay the money in, draft or transfer it across when you are there. They are open to about 4pm on Saturdays now :)
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Take cash to a bank and pay it in, then you know it's ok, THEN sign the car over and finish the transaction.
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Sorry to go slightly off topic.
But surely Monopoly money is the safest thing to pay with.... You can still buy properties, hotels, and get out of jail with that stuff! :rolleye:
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Anything that involves both parties entering the same bank really.
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Proof of delivery? You're selling a car here, which you would sign over using a V5?
But it is true, because the money sent on paypal might not be his own money, and the person whose money it actually was, can try and claim it back.
Paypal policy states unless you can prove delivery a buyer can claim and reverse the payment, cars cannot be posted royal mail recorded deliverey last time I checked so don't accept paypal!.
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I have just read the paypal agreements, and if you pay for a car on it, they can't claim money back. You could only claim money back if seller lets you, as cars are not under the protection for buyers.
So if someone has sent you the money on paypal for a car, they can't get it back.
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Take cash to a bank and pay it in, then you know it's ok, THEN sign the car over and finish the transaction.
This is what I did. Guys came to buy my car with a tesco bag full of money. I didnt really want to touch it if im honest, it looked like matress money :jumping:
Took them down to the bank after they were happy with the car and got it paid straight into the account. Turns out there was £60 extra in there :jumpmove:
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Take cash to a bank and pay it in, then you know it's ok, THEN sign the car over and finish the transaction.
Turns out there was £60 extra in there :jumpmove:
RUN While your ahead!
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cash all the way mate less chance of getting bumped.
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cash all the way mate less chance of getting bumped.
Unless its fake! :sad1:
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Last 2 cars I did bank transfer. Took 3 mins to come across. No fake money or bankers draft no joint trips to the bank. I transfer a bit first to confirm details.
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When I bought my GTI I transferred money from my own account to another one of my accounts at a different bank so I could nip over to the bank on a Friday lunchtime to take the money out.
It took 48 hours for the money to go through as the bank that I used to receive the money would not process it untill they done some security checks.
I was praying that the car did not sell over the weekend and had to take a half day off work on the Monday to see the car
It was a Santander to Halifax transfer
Just something to watch out for if you plan to buy a car with a bank transfer that's a long drive from home