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Folks Of Interest Selling a car into the UK

Discussion in 'The Hokey Ass Message Board' started by VANDENPLAS, Aug 16, 2020.

  1. Hey all seems I got my merc sold to a chap in England.

    how does payment work?
    Bank info, transfer funds into my account n done?

    I don’t do PayPal, and just curious what’s the easiest most secure way of getting payment .
     
  2. Gman0046
    Joined: Jul 24, 2005
    Posts: 6,260

    Gman0046
    Member

    Use bank to bank Wire Transfer. Safest and easiest way to go.
     
    Tomincanada and olscrounger like this.
  3. Mr48chev
    Joined: Dec 28, 2007
    Posts: 29,517

    Mr48chev
    ALLIANCE MEMBER

    I'd very honestly ask my banker how to get it done safely.. They can make it work safely.
     

  4. Deuce Lover
    Joined: Feb 15, 2009
    Posts: 795

    Deuce Lover
    Member

    Wire transfer X 2
     
  5. Happydaze
    Joined: Aug 21, 2009
    Posts: 1,140

    Happydaze
    ALLIANCE MEMBER

    Wire transfer absolutely. The biggest problem I've had with that is that in many cases sellers in the US won't give their bank details, presumably fearful of the Nigerian Princes!! Their choice for sure, but international money orders and the likes are an expensive pita!!

    Chris

    Sent from my SM-G900F using The H.A.M.B. mobile app
     
    Lil32 likes this.
  6. lippy
    Joined: Sep 27, 2006
    Posts: 5,550

    lippy
    Member
    from Ks

    Wire transfer just give the guy a bank routing number to give his bank and your bank info and done. Painless sold my 65 plymouth awhile back to a friend over there. His carrier comes and gets it at your place, AFTER the bank transition takes place, lol and bye bye.
     
  7. TrailerTrashToo
    Joined: Jun 20, 2018
    Posts: 1,009

    TrailerTrashToo
    ALLIANCE MEMBER

    Create a separate savings account (with it's own account number). When the wire transfer is completed, remove the money.
     
    panhead_pete and rusty valley like this.
  8. oldolds
    Joined: Oct 18, 2010
    Posts: 3,164

    oldolds
    Member

    I would even consider using a different bank than you normally use. Banks and other felons seem to be able to draw money out of other accounts when they decide they want to. It would be a little bit harder for them to do it at another bank.
     
  9. 37gas
    Joined: May 25, 2013
    Posts: 84

    37gas
    Member

    I sold two cars to a guy in New Zealand, I went to my bank and opened up a new account, that was the information I sent to the buyer when the money was sent to my new account I withdrew all of the money and closed the new account.
     
  10. Interesting. If you don’t mind what cars did you sell to my home country.
     
  11. paul55
    Joined: Dec 1, 2010
    Posts: 3,446

    paul55
    Member
    from michigan

    Bank to bank wire transfer for sure. Make sure it does not say ACH transfer, which is a wire transfer thru a third party clearing house, as these can be reversed! Only do bank to bank wire transfer. Once it's verified and posted to your account, you're good to go.
     
  12. rusty valley
    Joined: Oct 25, 2014
    Posts: 2,566

    rusty valley
    Member

    trailer trash has it. atleast thats how my bank wanted to do it. set up a new account, get the money, scoop it up and close account
     
  13. Gman0046
    Joined: Jul 24, 2005
    Posts: 6,260

    Gman0046
    Member

    OldOlds, someone getting your bank account number is of no concern. Every time you write a check, any idea how many different people have an opportunity to get your bank account number? Your bank name, routing number and your account number is on every check you write. If I had to open a new account for every check I write thats all I'd be doing.
    I've used Wire Transfers to my bank accounts for untold numbers of car sales for many years without any problems.
    If it makes you feel better to open a new account by all means do so.
     
    Last edited: Aug 17, 2020
    51504bat and VANDENPLAS like this.
  14. mgtstumpy
    Joined: Jul 20, 2006
    Posts: 8,838

    mgtstumpy
    Member

    I've done a direct deposit from down here into an overseas account through my bank, Escrow is a safe method
     
    Lil32 likes this.
  15. krylon32
    Joined: Jan 29, 2006
    Posts: 7,391

    krylon32
    Alliance Vendor
    from Nebraska

    I sold my 32 Ford Pickup to a man in the UK several years ago. Did it with wire transfer of funds to my bank and he arranged all the transportation. Put it on a Reliable Transport truck and waved goodbye.
     
    Lil32 and Gman0046 like this.
  16. Stueeee
    Joined: Oct 21, 2015
    Posts: 252

    Stueeee
    Member
    from Kent, UK

    Having sent money to the USA from the UK a few times, it seems to me that the sender has all the risk. When I instruct my bank to transfer x thousand USD to a bank account in the US (or anywhere else) it'll be done under a secure interbank communication system and that money has very much gone; regardless of whether or not the seller provides the goods once they've received my money.
     

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