Hi Guys
hoping someone here can help me.
After 5 amazing years with the S I have decided to sell up. This morning I took a Deposit from a gut in France who is very keen on the car.
I have spoken a good few times with him and he seems legit. my question is has anyone sold a car for export and is there anything I need to be aware of

thanks in advance guys
Paul

 

You're just selling the car. None of this applies to you.

The buyer will export/import it -- that's his responsibility once he hands you the cash.

-- Chuck

 

Are you aware of the latest scams related to cars for export? How is he paying you?

 

As surfer_crx has mentioned are you getting cash or direct bank transfer? Don't accept a PayPal transfer.... There are known scams with the buyer afterwards getting PayPal to pull the money back from the seller due to "not received" or it "wasn't as described" etc.

 

I wouldn't even accept cash unless I went with the guy and he pulled out the funds right in front of my eyes. The last thing you want is a ton of counterfeit money.
I wouldn't accept cheque either as it can bounce.

Ideally, you would hope both of your banks are associated and therefore the transfer of money will happen instantly. Have them login to their internet banking and watch for a transfer in real-time to your account. If the banks are associated you'll see the cash within and up to 2 hours, if they aren't, you can wait up to 2 days - which isn't convenient for either parties.

 

Fair point Re cash. When I bought I did a bank transfer. Took about 2hrs to appear in the sellers account which was a little annoying as we ended up waiting around for the money to clear. My advice would be to get the buyer to prenotify their bank of a transfer a day or so in advance so it doesn't get stuck at the security check.

 

I have taken a £50.00 Deposit via PayPal and I told him I want the rest in cash. from what I can tell he is a small trader.


I have drawn up a contract which states all faults and imperfections with the car which I will get him to sign as well as me. hopefully this will stop any funny business. was planning on keeping hold of 1 set of keys until the payment was clear in my account and then send them to him but to be honest ill probably go into the bank with him to pay the money in.

cheers guys

 

And keep the V5 until the funds have cleared

 

I would not release the vehicle until the funds have cleared, possession is 9/10ths of the law

Do not let it out of your sight until you have the money

 

There are several reasons why I think you should walk away.
- He would have great difficulty selling an RHD car in France
- There are very few sports cars in France. I've been told insurance is sky high for sports cars there, an S2000 would cost more than £ 2000 p.a.
- International Bank to bank money transfer normally takes two days.

It's sunny out there. Should be an easy time to sell an S2000 in the UK.