What are the best ways to receive payment when selling a car?

30 March 2024, 7:00 am

Fleet Auto News
What are the best ways to receive payment when selling a car?
Image: CarExpert
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What are the best ways to receive payment when selling a car?
Image: CarExpert

AutoExec Summary
When selling a car, it’s important to use secure payment methods such as online bank transfer, instant bank transfer in-branch, cash, or bank cheque. It’s also recommended to keep written evidence of the agreement and avoid using PayPal, cryptocurrency, payment plans, or transferring money to potential buyers. Asking for a cash deposit and not accepting personal cheques are also good practices to follow.

Brands mentioned: Holden, Toyota, Bitcoin, Western Union

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