selling car privately payment tips

Ah, selling your car privately—nothing says trust like handing over thousands of dollars to a stranger. Here are some payment tips to keep your wallet and sanity intact:

• Prefer cash or bank cheque—avoid dodgy EFTs or online transfers that can bounce.
• Meet the buyer at your bank to complete the transaction; watching the money appear in your account is satisfying.
• Never release the car until payment clears—no exceptions.
• Beware of overpayments and requests to refund the difference—classic scams.
• Get a signed receipt detailing the amount, date, and buyer’s info.

Keep these in mind, or you might find yourself with a car and no cash. For more advice, Tradingpost or CarShowroom forums can be surprisingly helpful.