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Morning All
Whats the best way to pay for a second hand car from a private seller so in the (hopefully unlikely) event of it clown car-ing 30 seconds down the road you have some degree of recourse? Do you have any form of buyer protection with a bank transfer or does that sort of thing only come with paypal or a credit card? I appreciate you won't have a warranty per se as you would from a dealer/forecourt but do you have any means of come back if it turns out there is something unsafe lurking underneath?
I'm going to arrange for an AA inspection before committing which given the cost of the vehicle (7k) consider a worthwhile investment. At least that way I'll be aware that all is as it should be or certainly more so than with just my "it goes, steers and stops" knowledge.
I bought mine with paypal.
Had most of what I was going to spend in the bank. Took out a new credit card with 24 months interest-free. Linked that to my paypal account. Paid the seller via paypal, from the card. Put the money I had into premium bonds, toppping up over the next few months until the balance is reached (already has been) Funds will sit in the PBs for two years, then sell the PBs and pay off the card, hopefully win a million quid in the mean time.
Not sure exactly what protection this gave me but with both PP and a card company in the mix hopefully something.
You generally get very little protection from a private seller though, basically as long as they haven't lied to you about things then it's your risk, but it is cheaper than a dealer for this reason
You have no protection from a private seller, unless you can prove they lied to you. So no matter which way you pay there’s no come back.
It’s always been the case with private sales of ‘sold as seen’ written clearly on the receipt. Not sure why that would be any different nowadays. Buyer beware 😁
A pack of loo rolls. 😉
Caveat emptor , the onus is on the buyer not the seller to perform due diligence before making the purchase
no matter how you pay .
As above, its sold as seen. Its up to you to check it before you give them the money. The seller would be foolish to accept a payment that can be reversed. If there is a genuine and legal grievance then there is always small claims court.
{{{{Mike Brewer accent}}}} thumbs a roll of £50's
"awd out yerrr annnndddd"
You have no real protection. If the car turns out to be nicked, you lose the car and the cash.
Be prepared to walk away if anything is vaguely whiffy
If you want protection, buy from a dealer. It is why they exist