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to be nervous about taking cash for car when selling privately?

(20 Posts)
jaggythistle Sat 02-Apr-11 15:11:30

A guy is coming to see our car later on, he has said to DH that he would want to pay in cash.

AIBU to be a bit nervous about it?

What can you do really apart from counting carefully and maybe using a counterfeit pen?

<panics a bit>

DH is already sad to be selling his car, hence me flapping a bit on his behalf!

Any tips/reassurance pleeease?

TIA

RunAwayWife Sat 02-Apr-11 15:14:52

How else would you expect him to pay?

RunAwayWife Sat 02-Apr-11 15:16:35

If £10 check the blob in the corner (left hand side) as lots of fakes about and that blob is darker on the fakes also the hologram is very dull on the fakes.

Pen sounds a good idea though

notrightnow Sat 02-Apr-11 15:17:10

You could either ask if you can go to his bank with him to withdraw it, or get him to come with you to your bank to pay it in.

jaggythistle Sat 02-Apr-11 15:22:07

unfortunately have to wait till i am home from work today so no bank open.

i don't have £10,000 lying about in cash myself so just a bit nervous I guess.

not sure how i expected him to pay. grin

BabyDubsEverywhere Sat 02-Apr-11 15:24:17

If it helps our business is buying/selling cars and related parts/services. Almost everyone private pays in cash and we have never had a problem with it

Hope it goes okay

jaggythistle Sat 02-Apr-11 15:25:41

cheers have had pants offers for p/x so would be great to sell for better price.

ENormaSnob Sat 02-Apr-11 16:02:13

I have bought and sold quite a few cars over the years and always pay cash.

TrillianAstra Sat 02-Apr-11 16:04:02

What would you prefer? You should definitely never take a cheque!

purepurple Sat 02-Apr-11 16:05:48

DH sold his car through ebay for cash. He made the man wait until I had counted it all. I think it would be easier to fake a cheque/banker's draft than that much cash.

valiumredhead Sat 02-Apr-11 16:07:04

I thought it was the done thing for cars to be paid for in cash for a private sale?

Underachieving Sat 02-Apr-11 16:40:16

Protocol is one pays for cars in cash, the old owner counts the cash in front of the new owner, then the old owner takes the new owners name and address for the V5 to be sent away and checks it against the new owners driving licence. What more would you want than that? Cheques can be cancelled and recalled. Cash can't. If someone got a counterfeit notes pen out in front of me I'd be so offended I'd cancel the deal.

amberleaf Sat 02-Apr-11 16:47:43

Id be more offended at losing £10,000 to fake notes TBH

onehotmomma Sat 02-Apr-11 16:54:58

what amber said

Underachieving Sat 02-Apr-11 17:11:32

Other people might see it differently, and I'm not saying it's the right or the wrong way to react, but it is how I personally would feel.

I would think that I as a buyer was trusting them to have sold me the car fairly and that if they don't trust me to be buying the car fairly then actually how normal is criminality in thier lives? Rightly or wrongly I would then be very worried about the state of repair the car was in and what I might have missed by not calling in a professional to pour over it as carefully as they were pouring over my money. Being as how I have no wish to trade where I'm not given the basic levels of trust I would just walk. I've bought and sold enough cars and bikes to know another one will come up next week and that there is no law binding me to buy any particular one, even if I won it on eBay.

If your gut instinct is that this is not a good place to trade- don't. That applies to selling as well as buying.

jaggythistle Sat 02-Apr-11 18:37:13

Car sold, guy was not offended by pen - he'd sold his own car recently and wished he'd thought of it! Money not in bank yet, but pretty happy with how it went.

Sorry for flapping, was a lot of money to us.

Happy it's sold, think DH going to have a wee cry now about waving bye to his car...it was immaculate so no worries for the buyer.

susan01 Mon 20-Mar-17 13:37:42

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

ScarletFever Mon 20-Mar-17 13:42:21

If someone got a counterfeit notes pen out in front of me I'd be so offended I'd cancel the deal.

That's ridiculous - they don't know you, you're just a random person who may have misrepresentated themselves, you know, like criminals do... or been given fake notes themselves

EssentialHummus Mon 20-Mar-17 13:55:20

I'd always draw up a simple (three-line) contract to the effect that X of X address sells Y Reg 1992 Volkswagen to Z of Z address with no representation as to condition etc, but separately agree that cash is fine. OP I hope your DH cheers up when he sees the money hitting your account!

memyselfandaye Mon 20-Mar-17 14:00:21

Its a 6yr old thread, I'm sure the money was spent years ago.

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