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Old 29-07-2020, 09:51 PM   #70
Yellow_Festiva
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Join Date: Oct 2006
Location: Sydney
Posts: 8,893
Default Re: Buying a Used car - Payment

Quote:
Originally Posted by jstanovic View Post

Sold my last 4x4 for $14k, he deposited cash on Monday, let him know it cleared on Wednesday and he picked up Thursday.
This is the grey area I referred to before.

During this time, who owns the car?

I guess the seller seeing paperwork and physical ownership hasn't changed hands.

You are, (I'm sure) and honest person. Not many buyers I assume will pay for something in full then wait for the seller to confirm payment and finalise the transaction.

I know I wouldn't. If you decide to shoot through or just point blank refuse to hand over what has been paid for who would help you? Police? Doubt it?
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