Member Since: 03 Nov 2017
Location: Dorset
Posts: 18
Selling my D4 what is the safest method of payment
I’m selling my 2015 D4 HSE at the end of the week, normally I part ex my cars so never end up selling them privately. However this time I thought I would have a go at selling privately. As there is going to be a substantial amount of money involved can someone tell me who has done this what is the best method of getting the money for the car. Would it be going to the bank with the purchaser, and getting them to transfer the money direct to my bank account? You here of so many scams, I just don’t want to be on the end of one.
Regards
Dale
30th Jul 2018 5:59 pm
JonM
Member Since: 24 May 2012
Location: North Yorkshire
Posts: 1240
You want the buyer to pay the money directly to your account via CHAPS (faster payment would also work but probably has a limit that is too low).MY2022 D5 HSE D300 - with extra nice bits added
MY2019 D5 HSE 3.0 SDV6 - sold to a dealer for a crazy price! - So good I bought another!
MY2012 D4 HSE 3.0 SDV6 - retired to a new home
30th Jul 2018 6:09 pm
Someone-Gone
Member Since: 21 Dec 2015
Location: Gone
Posts: 5117
I’ve taken my iPad and paid by direct bank transfer in the presence of the seller it comes up with a confirmed screen plus it’s normally instant. Done that up to £30k.
You used to be able to get a bank or building society cheque drawn up, but they charged you a tenner for the privilege off the top of my head.
30th Jul 2018 6:14 pm
gvw
Member Since: 16 Jan 2012
Location: South Yorkshire
Posts: 872
The banks I use have a daily limit on internet banking - can't remember how much but think it's around £10k so might be a problem depending on the sale price
30th Jul 2018 6:34 pm
J@mes
Member Since: 10 Nov 2008
Location: Bomber County
Posts: 4547
Paid for mine with BACS, but the limit with NatWest was £20K/day so I had to pay the other 5K with paypal, but that requires extra security confirmations with that. 2014 D4 XS
2005 D3 SE - Gone
30th Jul 2018 6:38 pm
gvw
Member Since: 16 Jan 2012
Location: South Yorkshire
Posts: 872
Was there any charge for using paypal
30th Jul 2018 6:40 pm
Someone-Gone
Member Since: 21 Dec 2015
Location: Gone
Posts: 5117
With my Bank, there doesn’t seem to be a £ limit bar what’s in your account. Ive done Switch for large amounts and it didn’t even flag up for a security phone call. Mind you, now I’ve got one of those calculator type things from the bank for online stuff. You go to direct transfer large money and it tells you to type in some digits into your machine, which then comes back with another code to put in a box online before it will allow you to transfer it.
30th Jul 2018 7:43 pm
lynalldiscovery
Member Since: 22 Dec 2009
Location: Maidstone
Posts: 7274
Barclay woth Bacs the other day for 30k no issues
30th Jul 2018 9:15 pm
JonM
Member Since: 24 May 2012
Location: North Yorkshire
Posts: 1240
With the upcoming D5 to pay for I asked Santander what the payment limit was. Apparently they change it every day an keep it a secret. Very secure but also very unhelpful. MY2022 D5 HSE D300 - with extra nice bits added
MY2019 D5 HSE 3.0 SDV6 - sold to a dealer for a crazy price! - So good I bought another!
MY2012 D4 HSE 3.0 SDV6 - retired to a new home
30th Jul 2018 9:20 pm
gvw
Member Since: 16 Jan 2012
Location: South Yorkshire
Posts: 872
More than i thought- Yorkshire bank and Halifax £25k daily limit
30th Jul 2018 9:22 pm
JackNorris
Member Since: 06 Jul 2012
Location: Beds/Bucks Border
Posts: 1877
Hsbc is 10k per day from each account I thinkMY2023 Discovery 5 R-Dynamic 3.0
MY2020 Discovery 5 Landmark 3.0 - SOLD
MY2005 Discovery 3 V8 4.4 HSE - SOLD
MY2019 Discovery 5 SE 3.0 - LR Replaced !
MY2005 Discovery 3 S 2.7 - SOLD
MY2016 Discovery 4 Graphite - SOLD
MY2015 Discovery 4 SE Tech - SOLD
30th Jul 2018 9:42 pm
Robbie
Member Since: 05 Feb 2006
Location: ¯\_(ツ)_/¯
Posts: 17932
Yorkshire Building Society has no limit for online cash transactions. I moved £100k the other day with zero drama. I did have to count the zeros a few times though.Land Rover - Turning Drivers into Mechanics Since 1948
Member Since: 10 Nov 2008
Location: Bomber County
Posts: 4547
gvw wrote:
Was there any charge for using paypal
no as I gifted it 2014 D4 XS
2005 D3 SE - Gone
30th Jul 2018 10:12 pm
Hairy Dan
Member Since: 19 Jan 2011
Location: Co. Durham
Posts: 12319
JonM wrote:
With the upcoming D5 to pay for I asked Santander what the payment limit was. Apparently they change it every day an keep it a secret. Very secure but also very unhelpful.
I found with Santander that their daily limit was £10k and I was told that anything larger than £10K would incur questions with regards to money laundering. Although I paid £27K for something on my debit card last year and they didn't even ring me to make sure the transaction was genuine Cheers Ian
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30th Jul 2018 10:13 pm
Scott #55
Member Since: 15 Apr 2015
Location: Glasgow
Posts: 1665
J@mes wrote:
gvw wrote:
Was there any charge for using paypal
no as I gifted it
Before 'gifting', check what the cover is from PayPal if things go wrong - I'm sure I remember some stuff about people gifting money to avoid charges but then having no comeback on PayPal if there was a dispute.
(I tend not to use PayPal so didn't pay a lot of attention - I may be talking out my ar5e.)2014 - D4 2010 HSE Nara Bronze
2012 - FL2 2009 GS Stornoway Grey
2001 - VW Passat Estate Inky Blue
1999 - Ford Mondeo Light Blue
1998 - Rover 25 Red
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Mind you, now I’ve got one of those calculator type things from the bank for online stuff. You go to direct transfer large money and it tells you to type in some digits into your machine, which then comes back with another code to put in a box online before it will allow you to transfer it.
