See hidden discussions | Win great prizes | Get free support
Get someone to tag along with you on the day you wish to get the car.
This person should be a driver too.
Then either to with your or the other person's car to the seller.
Check the car out one last time and come to an agreement on the price, yada, yada.
If no EFT arrangement can be made, ask the seller to drive the car to the bank with you, possibly asking him to bring along someone else in another car.
Get to the bank, let him decide if he wants a Bank Guaranteed Cheque (drawn from the teller with him standing next to you) or if he wants cash - he can get that too - but there's a helluva cost associated with drawing those funds - so let him know that you're going to take it off the price of the car.
A bank guaranteed cheque is like R50 or something.
Hand over cheque or cash, take the keys and paperwork for the car.
Let him then leave with his buddy that drove in another car and you and your buddy go for coffee and then leave with your new car and the one you travelled with to get there.
In so doing - if the seller does want cash - he runs the risk of being robbed.
That's what I did with my CBR900.
No hassles. Klaar.
If I was you I'd much rather take the seller into the bank with you & get the bank to transfer it into his account in front of him if you dont have access to internet banking. It will save you the risk & save him cash deposit fees
The other option is to get a bank guaranteed cheque
Er, yes they do!
A transaction at the teller is gonner cost him.
You're mad carrying amount that sort of cash ...
+1 to all of the above and be very wary of any private seller or car salesman expecting you to deliver cash to wherever the car is being stored/displayed.A seller who doesn't want to pay tax
I wouldn't trust them either. Walk away.I planned on EFT but then again some people won't part with the car until it's cleared and within that time the car could be sold to someone else(with the cash) then I need to fight for a refund...
Good idea, I'll take bags with... lol looks like I'm robbing the place
As Aqua has made no mention if this is a private or dealership sale, I think we're all going off on a tangent wrt to advice and commentary given.
Mine have been along the lines of this being a private sale.
Any feedback on that Aqua?
I plan on getting a second hand car and paying for it with cash, thing is I've never withdrawn more thank 5K from the bank in cash so nervous about this... are there any fees involved? (I'm FNB client) and are banks willing to part with that cash easily? any experience here?