Paying for a car privately

**Sockpuppet** · 26 August 2008, 16:52

Or take friend who can drive away for you.

Or borrow a trailer that you can stick track day car on as it might not be road legal.

**TykeMerc** · 26 August 2008, 16:53

Originally posted by Sockpuppet View Post

Or take friend who can drive away for you.

Or borrow a trailer that you can stick track day car on as it might not be road legal.

What the Sockpuppet said.

**DimPrawn** · 26 August 2008, 17:15

Originally posted by Sockpuppet View Post

Or take friend who can drive away for you.

Or borrow a trailer that you can stick track day car on as it might not be road legal.

Cars are all road legal (not track day special), taking a friend is not that convenient as all my friends are heavily married, old, disinterested in cars and busy.

Most important question is how to pay? All cash, cash deposit or what?

**TykeMerc** · 26 August 2008, 17:30

Originally posted by DimPrawn View Post

Cars are all road legal (not track day special), taking a friend is not that convenient as all my friends are heavily married, old, disinterested in cars and busy.

Most important question is how to pay? All cash, cash deposit or what?

I'd pay all cash, but only after I'd had the car inspected. Fortunately for me several of the friends I would take are rather good with cars as they're racing types.

**Bagpuss** · 26 August 2008, 17:47

Originally posted by DimPrawn View Post

If you were going to hand over > £10K for a 2nd had car (privately), would you:

1. Go see, buy leave a deposit (how much?) and pay the balance when you collect (cash)?

2. Go armed with all the cash, buy and drive away same day (and leave your car there to pick up later/ in a few days)?

3. Go, pay cash deposit if you buy, wire (BACS) rest to account, wait a few days and go collect?

4. Something else.

Looking at buying a car for track days, and most are private sales.

TIA

Leave a deposit by cheque, say 10% and arrange the financials afterwards, probably best to do the major transaction at a bank. Anyone dodgy won't like this, genuine sellers won't mind though

**Cyberman** · 26 August 2008, 17:53

Originally posted by TykeMerc View Post

I'd pay all cash, but only after I'd had the car inspected. Fortunately for me several of the friends I would take are rather good with cars as they're racing types.

I'd never pay all cash just in case the deal was dodgy. A cheque will at least leave an audit trail. I once worked in a bank and a customer had bought a car with no engine by cheque. Fortunately, they were able to stop the cheque in time!!! They would not have got their cash back, I am sure.

**TykeMerc** · 26 August 2008, 17:57

Originally posted by Cyberman View Post

I'd never pay all cash just in case the deal was dodgy. A cheque will at least leave an audit trail. I once worked in a bank and a customer had bought a car with no engine by cheque. Fortunately, they were able to stop the cheque in time!!! They would not have got their cash back, I am sure.

Oh I would do HPI checks etc, but I made the assumption that common sense stuff like mechanical and financial checks would be done before parting with any cash at all.

**Bagpuss** · 26 August 2008, 18:13

I'd certainly get a track car AA checked. The likelyhood it's been bent at some point must be pretty high.

PS I thought Ginetta did a new track car for about 15k?

edit: http://www.ginettacars.com/G20.htm

You can even enter a championship with it

**Clippy** · 26 August 2008, 18:34

Originally posted by DimPrawn View Post

If you were going to hand over > £10K for a 2nd had car (privately), would you:

1. Go see, buy leave a deposit (how much?) and pay the balance when you collect (cash)?

2. Go armed with all the cash, buy and drive away same day (and leave your car there to pick up later/ in a few days)?

3. Go, pay cash deposit if you buy, wire (BACS) rest to account, wait a few days and go collect?

4. Something else.

Looking at buying a car for track days, and most are private sales.

TIA

Where is the Go, pay cash deposit in 1p/2p's and pay the balance in Clubcard points and via PayPal option?

Paying for a car privately