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Buying a car privately - advice please

Buying a car privately - advice please

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Old Oct 7th 2009, 5:50 am
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Default Buying a car privately - advice please

We have found a car we want to buy privately. It does not have any outstanding finance on it and we are cash buyers.

The seller would be quite happy to take UK pounds as he will use it to buy a car in the UK. It would be best for us too to pay in UK pounds.
If we do a bank transfer it will take 3 to 4 working days to be in his account. Is there a standard contract we can both sign confirming that we are buying a car and have paid for it ? the problem is until registration is done, the seller has the car and the cash! what is the safest procedure ?BTW the seller seems genuine but you never know if something happened to him, we could end up loosing a lot of money!

Looking for advice.Thanks.
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Old Oct 7th 2009, 5:51 am
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Default Re: Buying a car privately - advice please

Originally Posted by fjcruiser
We have found a car we want to buy privately. It does not have any outstanding finance on it and we are cash buyers.

The seller would be quite happy to take UK pounds as he will use it to buy a car in the UK. It would be best for us too to pay in UK pounds.
If we do a bank transfer it will take 3 to 4 working days to be in his account. Is there a standard contract we can both sign confirming that we are buying a car and have paid for it ? the problem is until registration is done, the seller has the car and the cash! what is the safest procedure ?BTW the seller seems genuine but you never know if something happened to him, we could end up loosing a lot of money!

Looking for advice.Thanks.

Its not a LandRover, is it????
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Old Oct 7th 2009, 6:05 am
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Default Re: Buying a car privately - advice please

no why ?
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Old Oct 7th 2009, 6:08 am
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Default Re: Buying a car privately - advice please

Thought of this...
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Old Oct 7th 2009, 6:23 am
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Default Re: Buying a car privately - advice please

Originally Posted by fjcruiser
We have found a car we want to buy privately. It does not have any outstanding finance on it and we are cash buyers.

The seller would be quite happy to take UK pounds as he will use it to buy a car in the UK. It would be best for us too to pay in UK pounds.
If we do a bank transfer it will take 3 to 4 working days to be in his account. Is there a standard contract we can both sign confirming that we are buying a car and have paid for it ? the problem is until registration is done, the seller has the car and the cash! what is the safest procedure ?BTW the seller seems genuine but you never know if something happened to him, we could end up loosing a lot of money!

Looking for advice.Thanks.
I have bought a car here privately before. I waited to receive an offer in writing to buy the car at the agreed price before transferring the funds, following which I received a written receipt from the seller. We then went to transfer the car into my name. All fairly simple, but make sure you have all the details of the person you're buying the car from for security. Passport and visa copy, address, telephone number, work address etc.
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Old Oct 7th 2009, 7:25 am
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Default Re: Buying a car privately - advice please

Thanks for your advice. We decided to pay in dirhams on registration. The seller lives in the UK but is here till next week. It makes things easier and less risky.
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