Best payment method?

[helmutlaang]

Hi all

Considering selling my car and guess its worth around 18k.

My question is what's the best(safest)way of payment?

Already decided that any deal will be done in banking hours so if its a cash deal it can be paid in before car is released but what other method is safe? Is it bank transfer or bankers draft? Will these methods clear straight away or can they be claimed back by the originator?

Please bear in mind I'm used to selling cars for only a few £k and as this is a lot more need to be clear of the safest methods to use.

Thanks.

[Dave 500]

Meet at the bank and pay the money (cash) in.

[DSLiverpool]

I just flogged mine for similar, drove chap to his bank and he did a instant transfer it showed up in 5 minutes in my account, things are much easier now.

[Kudos]

I recently sold mine to a dealer across the water. He bought without even seeing. I left car to docks, he transferred money and I gave dock bloke the keys.

I made sure the money was moved from one account to another very sharpish though!

[megaphone]

AS said, either cash and take it straight to the bank before you release the car, or be confident every note is real.

Or a bank transfer and confirm the money is in your account before you release the car. Last one I received was in within minutes.

Do not accept a bank draft as these can be faked or reversed.