gavin18787
Premium Member
Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline
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Put a deposit on a new motor today. All good with no problems. When I go to collect the car I asked the seller what would be easiest and he said online banking transfer would work well.
Is this a safe way to do it? Car is in his name registered to his house that I have viewed the car at which also matches the bank details. Only difference is its a joint account with his wife.
Cash is the other option but I don't fancy a train journey with 13k cash 
Drives supercharged Tec with torque  
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RichRu
Member
Registered: 29th Aug 15
Location: West Midlands
User status: Offline
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Bank transfer is the safest way to do it especially for 13k
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gavin18787
Premium Member
Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline
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as in regular online transfer or some different way? may go into natwest tomorow and ask
Drives supercharged Tec with torque
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nibnob21
Premium Member
Registered: 16th May 10
Location: South Derbyshire
User status: Offline
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I bought a car recently and did it through online bank transfer, granted it wasn't £13,000.
Offer to pay x amount, fill out all the details on the V5 and go with them to a post box then pay the rest, if you feel uneasy about it.
MX5 Project Thread
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oJNAo
Premium Member
Registered: 30th Sep 14
Location: Gloucestershire
User status: Offline
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PayPal friends or family
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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if your worried just transfer whilst there and wait 2 hours
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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I did mine last week by online banking. I set up and paid £50 to test in the morning. Transferred instantly as a faster payment.
Then went over, paid the £8500 or whatever on my iPad via online banking. He went in the money was already showing in his bank. I got the keys and off I went!
Mine was Halifax to Santander
Easiest ever!
[Edited on 08-11-2015 by VegasPhil]
Corsa 2.0 16v Vegas - Sold
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
User status: Offline
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Did that selling the S2000 recently. Seller sent me £1 the night before to set up a payment between the accounts, then transferred the remaining ~£9k when he got here and drove off with the car.
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andys sxi
Premium Member
Registered: 19th Jan 06
Location: Chester Drives:Scirocco tdi bluemotion
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Do some bank accounts have a limit of what you can transfer over internet banking? Might be worth checking
April 08 feature car
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gazza808
Member
Registered: 30th Jun 08
Location: Peterborough
User status: Offline
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Did the same when I bought a car, stood there and did it via my online banking, he was on his literally as I sent it, he hit refresh and it was there.
[Edited on 08-11-2015 by gazza808]
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Did it when I bought the Corsa, bank transfer then waited for the car on a transporter 
Granted it was only 10% of your amount
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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Bought and sold my megane via transfers there and then. Even paid via transfer for the m3 to a Mercedes dealership. Called accounts, monies landed and away I went.
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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Lad who bought my evo paid via transfer which took 2 hours lol he asked to leave with car and i said no until cash is in account.
Offered him tea but he couldnt eat it as it wasnt halal. He prayed in my dining room as i ate mcdonals then he sat and chatted to me for an hour about cars and shit
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gavin18787
Premium Member
Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline
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Good idea on the test amount. If its instant i may do as you say and do it there.
Ok been a joint account that differs slightly the the v5 name?
Drives supercharged Tec with torque
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
User status: Offline
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I see no problems, just get the seller to write a full receipt and as long as you leave with the keys and a V5/2 in your name then happy days!
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big eck
Member
Registered: 20th Apr 03
Location: Tullibody. Drives - Audi B8 S4 & Fiesta Zetec-S
User status: Offline
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Why don't you just both go to the bank together when you go to get the car?? Safest way possible. That's what I done when I bought the Cupra.
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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Lot of banks are 10k Max per day online .
Seen it done hundreds of times when I used to work at HSBC
[Edited on 08-11-2015 by Generation]
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gavin18787
Premium Member
Registered: 22nd Feb 05
Location: Basildon, Essex
User status: Offline
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Il check with the bank tomorow to be safe
Drives supercharged Tec with torque
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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Ok, thanks everybody for helping
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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As mentioned above a regular Bank transfer is completely fine, make sure the seller puts the reg number as the reference...
If you want to be some kind of paranoid anal prick you could suggest you both use a Escrow service.
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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BTW the MOST important thing is to spend money on a decent warrantied HPI check..
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nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: koda Fabia VRS 5J
User status: Offline
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quote:
Originally posted by andys sxi
Do some bank accounts have a limit of what you can transfer over internet banking? Might be worth checking
That's a good point, my bank stopped £3k going out once, took a while to rectify that it was a genuine transfer.
[Edited on 09-11-2015 by nathy_87]
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Think the limit is £10k for Faster Payment, i.e. in their account instantly. Anything else could take 3 days I believe.
You can set up payments over that for a fee, but not sure if it is timed, rather than you doing it via app.
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
User status: Offline
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quote:
Originally posted by DaveyLC
As mentioned above a regular Bank transfer is completely fine, make sure the seller puts the reg number as the reference...
The seller can't do that - the buyer is the one that sets up the transfer?
quote:
Originally posted by DaveyLC
BTW the MOST important thing is to spend money on a decent warrantied HPI check..
Whole-heartedly agree with this. Quidco also gives cashback on some (direct from HPI, I think).
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AndyCorsaSport
Member
Registered: 12th Feb 06
Location: Horsforth, West Yorkshire
User status: Offline
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Guy I sold my 106 GTi to paid by bank transfer. Paid me £100 deposit, came a week later. I picked him up from train station, went to mine, did the £2800 transfer, I was going out for a family meal so off he went in the car. It came through a couple of hours later.
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