Selling a car

[Charlie Woody]

My wife wants to sell her Morris Minor Traveller and is thinking of putting it on eBay with a reserve.

We are both a bit unsure how to safely get paid - bit anxious about giving out bank details to a stranger although like the speed & convenience of faster payments; wary of cash in case of counterfeit notes & security as nearest bank is 5/6 miles away.

So how would you guys deal with this please?

 

[mseries]

When I sold my car via eBay I took cash on collection. I suppose you could open a bank account especially for this and maybe other things that you are unsure about in the future. Bit of a faff though.

 

[Monkey Mark]

Easiest way would probably be PayPal. It links your account to your email address (could make a new one just for this purpose). This way all you give them is your email address, no bank details are shared.

 

[Woodchips2]

I'd want cash on collection and no £50 notes. That way they have a chance to look at it before parting with the readies.

Regards Keith

 

[RogerP]

They are sought after cars!

Before you do anything contact these specialists and have a chat.

http://www.morrisminor.org.uk/

 

[Charlie Woody]

Thanks for the replies. Majority seem to favour cash, but what if the notes are duds - not sure I'd be able to tell the difference between real & fake ones!

Regarding Paypal I think I read something a while ago where somebody got paid but after the goods were handed over the payment was recalled. So not sure it's a guaranteed payment?

Just had a look at the Charles Ware website it doesn't say they buy Minors but as they sell them they must. However I guess they would only offer trade price as they have to make a profit. Or have I missed your point?

 

[RobinBHM]

I bought my current car from autotrader. What is great about the autotrader site is the sophisticated searching options.

I did advertise a car on there and had enquiries, but actually sold it on fridayad or gum tree -cant remember which.

I prefer the idea of paying up front for advertising rather than ebay fees (unless they do it differently for cars).

 

[artie]

It doesn't matter which method of payment you accept, there is a chance you will get "done"

But even in this day and age the vast majority of people are honest.

There are some dishonest people about but not nearly as many as "one" might think going by newspaper and TV news.

Reporting a fair deal or honest customer does not a newspaper sell.

Sell the car face to face, if you think the buyer is "sound" do the deal. If you think they are "dodgy" don't

Nothing is ever guaranteed in private sales.

 

[RogerP]

Or have I missed your point?

My point was for you to see what they are selling your exact model for and also to ask them for a buying price for yours. You may get a surprise and it'll only cost you an email

 

[Paul Hannaby]

Why not ask for a bankers draft?

 

[Terry - Somerset]

You may find it worthwhile contacting one of the MM owners club. There are several including (given the popularity of the car) some local -

Morris Minor Owners' Club/Devon - Lorna Moggridge. 34 Pound Hill, Holcombe Rogus, Wellington, Somerset, TA21 0PJ - Tel: 01823 672693

http://www.mmoc.org.uk/viewtopic.php?f=30&t=30239

More likely to be paid an informed sensible price and I suspect members are typically straightforward.

Terry

 

[Bod]

British Car Auctions.
They sell older cars, at specialist auctions.

Bod

 

[flh801978]

Nothing really wrong with giving someone your bank details you do this every time you write a cheque...
Don't accept PayPal for anything you don't post out at your expense tracked
You will get the best price on eBay almost certainly
Your fees for selling a car are fixed.. No final value fees

Ian

 

[sammy.se]

i would personally stick with autotrader - much less timewasters there

 

[dickm]

Have actually sold two classic car boots (+ the attached cars ) at carboot sales! Both cash sales from what I remember, but I'm not recommend ing it.

 

[RogerS]

If you do go down the cash route then don't be embarrassed to count the money. When we sold the missus's Sprite for £1250, the guy came along and handed me a wodge of cash. I counted it and it was £50 short. 'Oh sorry about that' he said, reaching into another pocket and pulling out the £50.

 

[Sporky McGuffin]

I absolutely agree with RogerS - counting the money protects both of you. It makes me nervous when a seller doesn't count what I've given them - I want to be sure they know they've got the full amount.

 

[artie]

ALWAYS count the cash.

The only person who minds is the one trying to diddle you.

 

[jimmy_s]

I would go with a bank transfer. When the price has been agreed, the buyer can arrange to have the funds deposited in your account - they need to agree this with the bank before hand. You should then be able to check your account either online or by phone etc and check the money is through before parting with the car.

I have done this in the past and it worked fine - maybe worth speaking to your bank to check. The buyer may have to pay a charge for the transfer.

 

[Gary]

Easiest way would probably be PayPal. It links your account to your email address (could make a new one just for this purpose). This way all you give them is your email address, no bank details are shared.

That's the worst way and should be avoided at all costs. Cars are exempt from being forced to use PayPal.