Quote:
Originally Posted by MercuryT
A Bank Cheque.
Reciept attached for $15 or so.
No car collection until Cheque clears and in their account.
Protects the seller from scams and protects me from driving around with 15K in notes in a bag.
I honestly don't see how it could possible be viewed as negative as protects both parties perfectly.
Christ my State Gov't office doesn't even accept cash any more as so outdated and unnecessary way of payment.
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Why a bank cheque then? Why not a personal cheque?
Under the circumstances you describe I can't see it would make any difference.
Bank cheques used to have cred and were the top shelf way to pay many many years ago.
The ease with which they, and similar paperwork, can be reproduced has meant that there use is now very limited.
I find it interesting that some on here are very fearful of carrying large amounts of cash around to pay for a car yet do limited or no real checks to confirm that the car they're buying is a rebirth or similar.
Another issue to consider when buying by cheque or other method that requires waiting for funds to clear is that the seller may during that time put the car under finance.
When you pay cash and at the same time get your REVS or PPSR certificate you are protected from repossession. That protection doesn't apply days later