Paddy78 Posted November 13, 2017 Share Posted November 13, 2017 (edited) I may be going to pick up a new car in a couple of days (Providing no show stopper issues are found during the inspection I have booked). The guys selling, who seems like a genuinely nice person, has said they want cash only. I've never had to carry around several thousand pounds in cash before so just after some advice from people that have done it before? I assume that cash purchases for cars are fairly common place. I assume I have no come back with a cash only private sale, but that's why I'm spending a few hundred on an inspection before I hand over anything. Anything else I should be aware of to stop myself from doing something stupid? Edited November 13, 2017 by Paddy78 Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted November 13, 2017 Share Posted November 13, 2017 Avoid being mugged Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted November 13, 2017 Share Posted November 13, 2017 I would suggest payment by bank transfer Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted November 13, 2017 Author Share Posted November 13, 2017 (edited) The guy runs a used car dealership, so I'm guessing he doesn't want the payment associated to his business. It's his private car. I have suggested a BACS, but he said no. Edit: And yes, not getting mugged seems like a good plan! Edited November 13, 2017 by Paddy78 Quote Link to comment Share on other sites More sharing options...
The Bounty Bar Kid Posted November 14, 2017 Share Posted November 14, 2017 Just do it in public and bring along a mate. Quote Link to comment Share on other sites More sharing options...
Ponsonby Posted November 14, 2017 Share Posted November 14, 2017 Why not arrange payment and collection immediately after the inspection so the person doing the inspection is present. As part of the inspection they should check all VIN numbers etc. Ensure the seller brings proof of ID (passport) and proof of address etc. Quote Link to comment Share on other sites More sharing options...
Keyser Posted November 14, 2017 Share Posted November 14, 2017 I'm with BBK, done loads of cash deals I nearly always take a mate Just be sure the car and seller are genuine as above photo proof of seller and the V5 along with an HPI check for the car and you are good to go Quote Link to comment Share on other sites More sharing options...
rabbitstew Posted November 14, 2017 Share Posted November 14, 2017 As above. It wasnt until my cars got above about 6 grand in value that I stopped dealing in cash, but anything below that and its pretty normal. Very often when going to view a car for the first time I would take the full asking price in cash in my car just in case I liked the car and could make the seller do an on-the-spot deal. Keep the cash in your car, maybe with a mate until you need it. Whilst its always sold as seen, id still get a receipt with the sellers signature on it to say he has sold you the car on this date for this amount because its the sellers responsibility to send off the logbook and whilst most sellers are keen to get it in the post asap some may be slow. Quote Link to comment Share on other sites More sharing options...
Ekona Posted November 14, 2017 Share Posted November 14, 2017 Caveat emptor of course applies, but that can’t provide a defence for misrepresentation. So if the guy lies to you about the car, like saying he’s just had the clutch changed for example when he hasn’t, then you have legal recourse. Desperately wanting cash only is perhaps a tad odd but it’s the only way to be sure really, aside from forged notes... But as above, you MUST get a signed, dated and timed receipt, preferably a copy each. If he won’t do that, then I wouldn’t buy the car tbh. Quote Link to comment Share on other sites More sharing options...
coldel Posted November 14, 2017 Share Posted November 14, 2017 The guy that bought my Zed brought the cash in a brown bag, it was a fair amount of money. He turned up with a mate and we literally walked to the bank together and I got him to pay the cash into an account of my choosing. The bank then checked all the notes and the money was safely tucked away when I handed over the keys. Clearly if the guy is dodging tax maybe he wants cash that doesn't touch any banking channel. As Dan said get receipts, clear written agreement on any work done that is part of the sale, that the car when sold has no major faults/noises etc. Just cover yourself as much as possible which you should do for any purchase really. Quote Link to comment Share on other sites More sharing options...
veeg33 Posted November 14, 2017 Share Posted November 14, 2017 I would also download sample cash sale agreement of the internet (2 copies) for both parties to sign along with photographs of ID (driving license). You've already done all the ground work (HPI checks). Definitely bring a mate or few mates if possible. Keep the cash away and do it a public place as everyone have suggested, check the log book making sure he's listed on the it (same as his ID) or the person on the log book is actually there during the sale. Quote Link to comment Share on other sites More sharing options...
sipar69 Posted November 14, 2017 Share Posted November 14, 2017 My ex's uncle took £8k into town to pay for a car and lost it. He was though a complete idiot at the best of times. Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted November 15, 2017 Author Share Posted November 15, 2017 Great advice guys, thanks. Car is in for it's checks today, so maybe a new post at the weekend. Quote Link to comment Share on other sites More sharing options...
Flex Posted November 15, 2017 Share Posted November 15, 2017 Tell him you work for HMRC and you want a discount for cash. 2 Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted November 16, 2017 Author Share Posted November 16, 2017 The car has passed all checks with flying colours and the seller has agreed to sign a sales form. I have ordered money to the local branch of my bank where I will immediately hand it to the seller in exchange for the keys and v5c. Monday can't come soon enough! Quote Link to comment Share on other sites More sharing options...
Ekona Posted November 16, 2017 Share Posted November 16, 2017 Huzzah! Now when do we find out what it is? Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted November 16, 2017 Author Share Posted November 16, 2017 2 hours ago, Ekona said: Huzzah! Now when do we find out what it is? Monday. You especially should approve! 1 Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted November 16, 2017 Share Posted November 16, 2017 so 911 it is then ? Quote Link to comment Share on other sites More sharing options...
Ekona Posted November 16, 2017 Share Posted November 16, 2017 If it ain’t that or a Lotus I’m gonna bribe one of the new mods to ban him 1 Quote Link to comment Share on other sites More sharing options...
rabbitstew Posted November 17, 2017 Share Posted November 17, 2017 If its a 911, the OP would have had to have had quite a big bag of cash! Quote Link to comment Share on other sites More sharing options...
Mikevv Posted November 17, 2017 Share Posted November 17, 2017 I don't use cash for anything nowadays, why risk it? It's not my problem if he wants to hide the tax etc.... that's on you pal. I hope it all goes well, and we look forward to seeing what you get ( subject to approval, if its a BMW/Audi/Merc we'll be having words - if it's diesel it'll be a straight ban ) Quote Link to comment Share on other sites More sharing options...
Paddy78 Posted November 17, 2017 Author Share Posted November 17, 2017 Ok, I gave it away. It is indeed a 911 - 996, 3.4L, manual, no sunroof, short shifter, m030 suspension, GT3 wheels in resale silver. About as cheap and cheerful as 911's come, but I can't wait! 2 Quote Link to comment Share on other sites More sharing options...
rabbitstew Posted November 17, 2017 Share Posted November 17, 2017 ^^^^^^^ Awesome! Welcome to the 911 club. When I bought my 997 turbo, the 1 week wait to collect it was absolutely agonising. 1 Quote Link to comment Share on other sites More sharing options...
AndyG8nby Posted November 17, 2017 Share Posted November 17, 2017 I actually bought my Zed with cash, Travelled down to Birmingham on the train with £10500 in a back pack. Took the wife with me in case of any trouble 1 2 Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted November 17, 2017 Share Posted November 17, 2017 Good choice well done, and the price of 996s is steadily rising Quote Link to comment Share on other sites More sharing options...
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