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Selling my car Privately

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  • 01-12-2006 6:14pm
    #1
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭


    Just a few questions which have probably come up before.

    How do I accept payment (Bankers Draft?) I was told that there are some fakes going around -- how can I be sure?

    Do I keep all the documents i.e. change of ownership form... the purchaser signs them and then I send them off?

    Anything else I need to know?

    Thanks


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    #2
    louie
    Closed Accounts Posts: 1,200 ✭✭✭louie


    Never give the car away until you have the money.
    Never accept bank drafts, cheques. Always cash. The risks are too high now a days.


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    #3
    colm_mcm
    Registered Users Posts: 73,454 ✭✭✭✭colm_mcm


    surely cash is risky too? how about an EFT?


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    #4
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭Lexus1976


    Thanks for the replies...what docs do i need to hand over and were do i send them. All advice & comments appreciated!


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    #5
    ambro25
    Registered Users Posts: 5,994 ✭✭✭ambro25


    Cash only, take heed of above advice. If the buyer is genuine and really interested, itr won't make a difference.

    Give the buyer everything (service book, user manual, etc, etc.) BUT
    you fill the Reg Cert with the owner's new details (it's an idea to ask the seller to bring official form of ID, e.g. passport) and you send it in to the Revenue in Shannon - do NOT give the Reg Cert on the day of sale (unless you want the points from later speeding offenses and the like).


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    #6
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,711 Mod ✭✭✭✭Henry Ford III


    Fill in the change of ownership section of the VLC, and give the new owner a copy.

    Put the form in an envelope and post it to D.O.E. Shannon.

    I.D. from the new owner is not required.



    p.s. Bank draft is fine, but ask in advance the Bank concerned and ring them to verify authenticity. Lots of forged drafts about apparently. Cash is ok, but carries it's dangers.


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    #7
    galwaytt
    Registered Users Posts: 12,776 ✭✭✭✭galwaytt


    Actually, cash is not o.k. The country is awash with fake 50's and 100's, and in a bunch of money on a kitchen table/whatever, you'll be doing very very well to check them. And it'll just take too long. And, it's not unknown to be a target that eve for robbing, knowing you've a bunch of cash around...........remember that one in Limerick last year, where the guy got killed over it?

    Drafts? You must be joking - everyone and his mother has a colour scanner/printer - not worth the (copy) paper they're written on..........cheques even worse.

    What you can do with a Draft is get the buyer to give you a copy in advance of the payment date, and get your bank to check it by serial no. Remember, if the Draft turned out to be fake after a few days, the Bank will just reverse the credit to your account, and you'll be sans car and sans money !

    For cash, get the buyer to either lodge the money to your account, or meet you at the bank and to it mutually - that way the bank checks for forgeries.

    By far the best way is by Bank Transfer, direct to your account. Clean, safe, traceable for both buyer and seller.

    Get new buyer to fill in form for change of ownership and YOU post it. Do not hand it over at time of sale.

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