gazjon
Part of things
Posts: 632
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Apr 11, 2014 20:13:56 GMT
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Got a bloke coming to buy my car and asked if a bank transfer is ok. Is this a scam i'm not aware of. Don't really want him having my account details when he could just go to a cash machine. Should i stick to my guns?
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Mk2 Cavalier saloon
Mk4 Astra Van z20let
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grumpy
Part of things
Posts: 557
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Apr 11, 2014 20:18:15 GMT
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DON'T DO IT . Its your sale , if hes got the money he can withdraw it . All i have to do is call my bank and i can pick up £££££s 30 minutes later .
don't give your details to anyone you don't trust or know . don't let him strongarm or imtidate you .
DO NOT DO IT .
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Last Edit: Apr 11, 2014 20:19:26 GMT by grumpy
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Apr 11, 2014 20:19:55 GMT
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No cash = No car
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***GARAGE CURRENTLY EMPTY***
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lilbob
Part of things
Posts: 419
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Apr 11, 2014 20:23:55 GMT
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as above no cash no car the only currency I deal in when selling cars is cash
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Apr 11, 2014 21:01:34 GMT
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same details as are on your cheque book so no major risk them having the numbers
but yeah , little reason not to take cash , try and do the deal when the bank is open and pay it in with the buyer there incase theres dodgy notes
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91 golf g60, 89 golf 16v , 88 polo breadvan
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Apr 11, 2014 21:33:16 GMT
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Why not just ask him to transfer a small deposit and ask him to come and collect car with the rest of cash in hand !!!
This way its much safer as at worst you'll only lose small deposit ,but will keep the sale of the car ....
Am sure if you explain and he is genuine then he will be back with cash in hand ..
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Apr 11, 2014 21:39:31 GMT
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Nothing wrong with bank transfer, its free and instant, nobody can do anything without your security details. infact, I paid Mystery Machine for my BMW by bank transfer. |
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Last Edit: Apr 11, 2014 21:41:08 GMT by welshpug
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sparko
Posted a lot
Posts: 1,627
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Apr 11, 2014 22:16:05 GMT
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Id take cleared funds in my account over a wadge of potentially fake notes any day
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gazjon
Part of things
Posts: 632
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Apr 11, 2014 22:21:32 GMT
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Thanks for the info all sorted now. Apparently he can only withdraw £100 a day
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Mk2 Cavalier saloon
Mk4 Astra Van z20let
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grumpy
Part of things
Posts: 557
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Apr 11, 2014 22:42:51 GMT
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Never heard of that before , he must be well skint or curse word with his money .
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fred
Posted a lot
WTF has happened to all the Vennies?
Posts: 2,957
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Apr 11, 2014 22:55:06 GMT
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Nor me, I can withdraw 300 a day on a basic Halifax account
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'79 Cossie ran Cortina - Sold
2000 Fozzer 2.0 turbo snow beast
'85 Opel Manta GSI - Sold
03 A class Mercedes
Looking for a FD Ventora - Anyone?
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Apr 11, 2014 23:10:40 GMT
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Just because some of you can withdraw £XYZ, doesn't mean everyone can. As welshpug says, he paid for my BMW via bank transfer, jamesp is doing the same this week, I sold my Mazda via bank transfer, my MX5, my Rascal, my Delica, my 'other' Delica......I could go on. As sparko says, it's actually safer than cash generally because you're not going to be stuck with fake notes. I'm glad you got it sorted but I am surprised about the amount of people out there who think it's unsafe? As long as the funds are cleared, it's as good, if not better than cash in your hand. |
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fred
Posted a lot
WTF has happened to all the Vennies?
Posts: 2,957
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Apr 11, 2014 23:18:33 GMT
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Never been asked for a bank transfer, so I guess the OP never has either I would be worried too, having never experienced such always done cash in hand, guess I'm behind with the times, or just a old sort  |
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'79 Cossie ran Cortina - Sold
2000 Fozzer 2.0 turbo snow beast
'85 Opel Manta GSI - Sold
03 A class Mercedes
Looking for a FD Ventora - Anyone?
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Doyal
South West
Posts: 168
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Apr 11, 2014 23:20:56 GMT
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What if the funds were from a stolen bank account transferred to yours? and you wave the car off with the new owner. What would the recourse be? (genuine question)
I have always dealt by cash at the bank, job done. Only done it twice mind. And this cocks up weekend sellers
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BMW E28 M535i dog-leg
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Nor me, I can withdraw 300 a day on a basic Halifax account As far as I know £200 has been "standard" limit for cashpoint withdrawals for a few years (Lloyds, Barclays, etc). I can withdraw more but the bank only agreed to that after I had a stand-up argument with them about the problem their £200 limit was causing  I've heard of bank transfers but not been involved myself - add me to the list of "Cor - that's new to me" folk  |
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johnd
Part of things
Posts: 839
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Bank transfer is far better - i had full payment for my m3 a week before the lad came to view.
I was paid £10k for my evo 8 via bank transfer - lad had a cup of tea and a mcdonalds with me while it cleared
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gazjon
Part of things
Posts: 632
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I phoned my bank in the end and they said.....
"As long as they don't take the large card number and security code on the back. It is perfectly safe and they can't immediately return the funds to themselves"
I had never heard of it before, so better to be safe then sorry
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Mk2 Cavalier saloon
Mk4 Astra Van z20let
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Apr 12, 2014 11:33:48 GMT
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There's nothing wrong with bank transfer, it's free, instant and safe, the only details you give out are the account number and sort code which you give out every time you write a cheque, except with a cheque you give the person a sample of your signature as well. You're quite right to ask though, much better to be safe than sorry.
We do nearly all our business transactions via bank transfer these days, there is a small charge now on our lloyds business account but it's only 20p compared to 80p for writing a cheque, and they're free to pay in.
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Apr 12, 2014 12:22:02 GMT
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I phoned my bank in the end and they said..... "As long as they don't take the large card number and security code on the back. It is perfectly safe and they can't immediately return the funds to themselves" I had never heard of it before, so better to be safe then sorry ive done a lot of bank transfers with no issues, paypal charge a fair amount so i avoid that unless for small amounts, i would concur with the bank, if they ask for the card details, tell them to take a hike. Other than that transfers are easy and simple. |
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'88 Cadillac Brougham hearse (white)
'91 Carlton GSi 24v
'72 Dodge dual cab pick up
'99 Mercedes S55 AMG
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Apr 12, 2014 12:58:50 GMT
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As with anything there has to be an element of trust.
Cash could be fake, as could a cheque. A bank transfer could be reclaimed by the buyer a few days later if they claim they have made a mistake to their bank. If however you have a receipt with their signature on it this can protect against such an occurrence.
that's what I would do.
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'03 Porsche 996 C2 3.6 - Sort of Retro
'84 Porsche 924 - Definitely Retro!
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