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Advice needed re selling car

11 replies

CarAdvicePlease · 28/05/2019 20:21

Posting here for traffic.
I've sold my car as spares or repair as it cannot be driven at the moment. A buyer wants it and is going to arrange transport.
It is at a garage 50 miles from my home and the buyer lives 80 miles from it. Neither of us want to make the journey just to swap the v5 paperwork.
What is the safest way for him to pay for it?
Would this work?
He paypals a (smallish) deposit to me (for goods and service)
Then i post the v5 to him.
Then he bank transfers (or paypal if he pays the fees) the balance.
The transport then takes the car away and the garage give them the keys.
Would that be fair? Can anyone see how this could go wrong? Is there a better way?
Obviously from my point of view, him bank transferring the full amount before i post the v5 would be safest for me, but i can understand that he wouldn't feel safe doing that.
Thank you for any advice.

OP posts:
HebeMumsnet · 29/05/2019 20:13

Lawks! Never done anything like this, OP. Bumping this for better advice from someone else.

Manclife1 · 29/05/2019 20:16

Cash on collection or balance transfer to your account. PayPal can be scanned.

VelociraptorRex · 29/05/2019 20:20

I wouldn't be letting him have the V5 until you have the full balance. He'll either have to trust you that you'll post it registered post or he makes the effort to come and get it. Don't rely on PayPal or a deposit!

AlunWynsKnee · 29/05/2019 20:22

You can do the V5 online.

Lazypuppy · 29/05/2019 20:23

For the sake of an hour in tje car just go and meet him at the garage

thisismeusernameything · 29/05/2019 20:27

Money into your bank account. Send him the v5 immediately online. He’ll get email confirmation.

Or You can either do paypal friends and family. There is no buyer/seller protection for cars but he can still do a charge back through his bank

Gth1234 · 29/05/2019 20:59

If it's at a garage, can't you post the V5 to them, and ask them to fill it in for you, and collect the cash.

You need a signature on the V5 exchange, don't you?

MuchTooTired · 29/05/2019 21:05

You can do the v5 online now, I’d get all the paperwork (service history etc) to the garage, and ask him to arrange the transport from the garage. When they arrive, he transfers the money to you, you do the v5 online once you have the funds, and send him a screenshot, the transporter loads the car and everyone is happy.

If paying via PayPal, ask him to send the funds as a friends and family payment, that way you don’t pay any fees.

HeavenlyEyes · 29/05/2019 21:07

never ever take paypal for a car. Bank transfer is fine though.

Poshjock · 29/05/2019 21:42

As others have said, he goes to garage, sees car and confirms garage have key to hand over. He transfers money via Faster Payment bank transfer which should get to you within 3 hours. As soon as funds have transferred, you log on to DVLA online and complete transfer of ownership and phone garage to release key to him.

I have done this, we just went for lunch and a walk while money transferred. Owner texted when money received and sent screenshot of V5 transfer.

CarAdvicePlease · 30/05/2019 11:56

Thank you so much for your advice. I knew there'd be a better way. The bank transfer, followed by the v5 online with screen shot confirmation seems the safest way. Thank you again.

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