Hammy Posted March 11, 2012 Share Posted March 11, 2012 I'd be worried that having a copy of the log book and your bank details might be enough for him to use your identity in some way - eg get a loan in your name ?? It might be fine , but cash would be easier ? Quote Link to comment Share on other sites More sharing options...
Nic Chase (NICO) - Shropshire & Mid-Wales AO Posted March 12, 2012 Share Posted March 12, 2012 Sold my Westfield to a chap from Belgium, after taking advice in here. He brought the cash with him. The only problem was he brought £50 notes which do not scan with an ultra-violet scanner, all other notes do. So my advice would be to take him and the cash to the bank to pay it in. Can't advise on the insurance aspect because he took it home on a trailer. Good luck with the sale. Quote Link to comment Share on other sites More sharing options...
Martin Keene Posted March 12, 2012 Author Share Posted March 12, 2012 Luckily for me the car is registered in the wife's name and the deposit is going to my account so the two aren't linked Quote Link to comment Share on other sites More sharing options...
Martin Keene Posted March 12, 2012 Author Share Posted March 12, 2012 Right. Thanks for the advice chaps. I have emailed the guy back telling him that I would prefer Payment in cash. He has no problem with this providing I keep the car for him, I have emailed him saying I will, and told him he needs to be here by 3 at the latest so I can get the money into the bank, which he had no problem with. I have checked his address out and it is a residential address just outside of Munich. So it all appears to be above board. Watch this space... Quote Link to comment Share on other sites More sharing options...
samulis Posted March 12, 2012 Share Posted March 12, 2012 Having bought 9 cars (and just about to buy #10) from UK and imported them to Finland I say that he sounds proper buyer with right questions, like you have found out. Yes, cars in UK are from cheap to next to nothing So it makes sense to import them from UK, specially when RHD's are 20% cheaper on import tax. Quote Link to comment Share on other sites More sharing options...
XTR2Turbo Posted March 12, 2012 Share Posted March 12, 2012 personally I am always more wary of cash. Just because you take it to a bank and they count it and give you a receipt does not mean they have accepted it. I always prefer that the customer arranges a bankers draft that we go together and collect from their branch and then pay into mine. David Quote Link to comment Share on other sites More sharing options...
Martin Keene Posted March 12, 2012 Author Share Posted March 12, 2012 I always prefer that the customer arranges a bankers draft that we go together and collect from their branch and then pay into mine. Not really a practical proposition when his bank is in Germany... Quote Link to comment Share on other sites More sharing options...
XTR2Turbo Posted March 13, 2012 Share Posted March 13, 2012 Why he could bank with HSBC or have a partnership with a UK bank.. If cash I would be wanting a photo copy of I'd and proof of address even if UK resident Quote Link to comment Share on other sites More sharing options...
echoz Posted March 13, 2012 Share Posted March 13, 2012 Isnt it the job of the man or lady in the bank to check every note that he or she counts,especially if the customer requests so due to the nature of the transaction? Quote Link to comment Share on other sites More sharing options...
chris7273 Posted March 13, 2012 Share Posted March 13, 2012 I may be partial, but as a foreigner I am feeling a bit concerned... The potential buyer seems honest and there's no need to be paranoid... I would just be as careful as for a conventional deal... For the cash, the broker often gives 20£ notes in Belgium... Last year I bought a cheap MGB (1500£) and the change office had only 20£ notes, hopefully it was a small amount. 1 Quote Link to comment Share on other sites More sharing options...
peterg Posted March 13, 2012 Share Posted March 13, 2012 Just because you take it to a bank and they count it and give you a receipt does not mean they have accepted it. If you take cash to a bank they run it through a counting machine, add it to your account and stick the cash in their drawer with all the other cash - how are they going to say later which specific notes you paid in? I took £10k in cash to my local bank after I sold my VX220 and they just counted it and gave me a paying in slip...if they don't say there and then that there is a probelm then it's sorted Quote Link to comment Share on other sites More sharing options...
XTR2Turbo Posted March 13, 2012 Share Posted March 13, 2012 if they don't say there and then that there is a probelm then it's sorted You might assume this but it is not the way it works. Same as if you give them a cheque or a bankers draft that is dodgey in some way. They can reverse the transaction. Normally if you deposit alot of money it will be counted, put in bags and labelled to identify it. There was a long thread on PH about it and someone who works in a bank branch gave definitive answers. For a while now I have thought that there is a huge business need for the equivalent of paypal that I would name paysafe with sensible fees. You both have accounts and the money can be moved online instantly. I think Barclays announced that they were offering something soon. Quote Link to comment Share on other sites More sharing options...
peterg Posted March 13, 2012 Share Posted March 13, 2012 Normally if you deposit alot of money it will be counted, put in bags and labelled to identify it. Really? I've not seen that done and sold a few cars/bikes etc over the years for cash, maybe I've just been lucky... Quote Link to comment Share on other sites More sharing options...
Dave Eastwood (Gadgetman) - Club Chairman Posted March 13, 2012 Share Posted March 13, 2012 While I can't claim to know the answer on that one, I know a lot of the banks have significantly tightened the cash handling processes for larger transactions because of the anti money laundering laws. Quote Link to comment Share on other sites More sharing options...
Dibby Posted March 13, 2012 Share Posted March 13, 2012 Martin - if it looks shady to you, cancel the sale and go with a UK buyer. It could be all above board, then again ... Your choice whether to take the risk Quote Link to comment Share on other sites More sharing options...
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