The smart way to stay ahead in the automotive world

The Other Dimension
The Other Dimension

The smart way to stay ahead in the automotive world

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

30 March 2024, 7:00 am

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