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I'm buying a used car privately - what's the safest way to pay?

I've agreed a price with a private seller for a car I want to buy and am happy to proceed with the sale. They've asked me to pay by bank transfer and I can collect as soon as it's cleared. As the amount is under my banks faster payments limit, am I safe if I turn up on the day, send the money and wait for them to check their account? Or can this still go wrong?

Asked on 26 August 2019 by Jennifer Hurley

Answered by Honest John
I think what you propose makes sense. Or set up an arrangement to meet the vendor in their bank, withdraw the funds from your account in their bank, and pay them 'cash' in his bank. No cash actually changes hands, but it counts as a cash transaction and cannot be revoked.

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