× Used cars Car dealers Sell your car My adverts Saved cars New cars Ask Carzone Car reviews News Advice Buying guides Carz Show Driver Zone
Best way to receive payment for a car?

Best way to receive payment for a car?

what is the best way to receive payment for a used car


Hi Gareth,

Whatever you're most comfortable with, to be honest. Never take a risk. The absolute best way is payment directly into your bank account, only releasing the car when payment is received, but not all sellers will agree to that. Cash is fine if you're happy to handle a large sum - and desposit it in your bank account quickly. A banker's draft is good, but these have been known to be forged, so try to get the seller to agree to waiting until you pay it in.

Whichever method you agree to, consider your personal safety at all times, insist on getting ID from the buyer (nobody reasonable will refuse) and don't relesae the car until payment is fully received.

Shane O' Donoghue - 09-Jul-2019