Always date and TIME the handover document. I returned my lease car and 9 minutes later the guy drove clear down a bus lane and I got a PCN 3 weeks later. Fortunately I’d noted the time down one the handover doc and the company sorted it out with no fuss.
Every single thing Andy said here is spot on. If a caller gets even a bit angry with you then trust me you don't want to do business with them in the first place. Only other advice I would give is when someone wants to give you a deposit, always write them out a receipt making it crystal clear the deposit is non refundable. Keep a copy for yourself. Keep the advert live till the car has gone. Some people will change their minds and come out with all sorts of stories and demand their deposit back while you may have been turning away other potential buyers.
It's quite important to contact your insurance company as soon as possible to tell them you've sold the car. Ideally, as the buyer is about to drive off. If the new owner crashes, your insurer would be liable and the insurance company would most likely look to recover that money from you. Gets kinda messy/expensive if the new owner writes off multiple cars and injures a few people.
That AA pdf form is a nice touch. Your guide for selling is flawless. To be honest private buyers are often cheap skates. They don't spend an extra £100 on having the car fully checked out. They are the risk takers more so than you. I have never traded a car in. I would always sell privately. I have sold 50 plus cars in 50 years of motoring because I loved buying cars and as a consequence I had to learn to sell cars. Now that I am a proper adult I don't sell a car faulty, overpriced or dirty. I have it professionally valeted, priced to be substantially below forecourt price and with all the receipts and service history. Sadly many buyers will then drive it for 30,000 miles without servicing it and then trade it in.
Thanks for posting the new Part 2… new to your Channel too… selling my wife’s car next year… good advice! Buying our first electric car… VW ID2 when it finally comes out next year… 😊
I think that some banks impose a £5k transaction limit for new payees created via a banking app. Might need to call the bank beforehand and get it pre cleared.
One more point worth noting is that when buying a car and paying by bank transfer, send a micro payment, say £1, first to ensure you have the correct bank account details and then send the balance when the micro payment has been received. The payee may have to refresh their browser or log out and back in to their bank account to see the payment. I hope this helps.
Yes, but you can't swap road tax. VED will have to be taken out by the new owner before driving away so maybe this needs another video but all you, the seller, can do is immediately go online and claim a refund for any unused months especially if you sell on the last day of the month. Claim for a VED refund next day (e.g. the 1st) and you'll lose that month's refund as well. If you send the documents through the post for a refund the unused months will start from when the DVLA receive those documents!
@@PeteMulv Okay, but I should also have added that there is no road tax (VED) applicable for an EV until 2025 anyway but as this video is about selling any car privately my comment above may be appropriate for someone else.
It's worth noting there's no such thing as road tax, hence the name VED (and as EV don't have emissions this will likely change in the near future) It doesn't pay for the roads either which is paid for via general taxation. 😊
A little bit off topic, I am looking to sell my electric bike , and I am worried about the same thing how get over the test ride and payment, just worried the the customer could be just a thief or he can fall with it and damage it
Black car and sun deprived Yorkshireman. The camera decided the car was the thing to expose for. Trust me, common. I was a wedding photographer for years and was thoroughly fed up of compromised exposure for black groom suits and white brides dresses.
Always date and TIME the handover document. I returned my lease car and 9 minutes later the guy drove clear down a bus lane and I got a PCN 3 weeks later. Fortunately I’d noted the time down one the handover doc and the company sorted it out with no fuss.
You can do DVLA V5 transfer online. Instant. They then Have to tax & drive away. Should not be done any other way, no chance of any fines etc.
Every single thing Andy said here is spot on. If a caller gets even a bit angry with you then trust me you don't want to do business with them in the first place. Only other advice I would give is when someone wants to give you a deposit, always write them out a receipt making it crystal clear the deposit is non refundable. Keep a copy for yourself. Keep the advert live till the car has gone. Some people will change their minds and come out with all sorts of stories and demand their deposit back while you may have been turning away other potential buyers.
It's quite important to contact your insurance company as soon as possible to tell them you've sold the car. Ideally, as the buyer is about to drive off.
If the new owner crashes, your insurer would be liable and the insurance company would most likely look to recover that money from you.
Gets kinda messy/expensive if the new owner writes off multiple cars and injures a few people.
That AA pdf form is a nice touch. Your guide for selling is flawless. To be honest private buyers are often cheap skates. They don't spend an extra £100 on having the car fully checked out. They are the risk takers more so than you. I have never traded a car in. I would always sell privately. I have sold 50 plus cars in 50 years of motoring because I loved buying cars and as a consequence I had to learn to sell cars. Now that I am a proper adult I don't sell a car faulty, overpriced or dirty. I have it professionally valeted, priced to be substantially below forecourt price and with all the receipts and service history. Sadly many buyers will then drive it for 30,000 miles without servicing it and then trade it in.
Given me confidence to go ahead and sell privately, many thanks!
Great and clear explanation. Both parties need to be clear and understand what the other wants. If you can't agree then don't do it.
I’ve let people test drive my Zoe when I sold it. I wish I had seen this as it was ropey as… I always thought I’d ’have to’. Thanks
Simple explanation! Lots of people overthink things 🤔
Thanks for posting the new Part 2… new to your Channel too… selling my wife’s car next year… good advice! Buying our first electric car… VW ID2 when it finally comes out next year… 😊
Thanks for part 2. All informative as always. Hope to sell my Golf GTI over the summer.
I think that some banks impose a £5k transaction limit for new payees created via a banking app. Might need to call the bank beforehand and get it pre cleared.
worth knowing, ta.
I think mine might be 10k. Certainly a 15k sale could have pitfalls.
Some banks like S@ntander (spelt funny to avoid Pootube deletion) are as low as £2k per transaction
One more point worth noting is that when buying a car and paying by bank transfer, send a micro payment, say £1, first to ensure you have the correct bank account details and then send the balance when the micro payment has been received. The payee may have to refresh their browser or log out and back in to their bank account to see the payment. I hope this helps.
Spot on mate cheers
more excellent advice
Last few cars I just sell to a car garage, wbac etc. Zero comeback, no worries, no tyre kickers etc.
And a load of money down the drain.
Great follow up, I beleive you can also do the V5 transfer online at the same time as well, even the swap of road tax.
Yes, but you can't swap road tax. VED will have to be taken out by the new owner before driving away so maybe this needs another video but all you, the seller, can do is immediately go online and claim a refund for any unused months especially if you sell on the last day of the month. Claim for a VED refund next day (e.g. the 1st) and you'll lose that month's refund as well. If you send the documents through the post for a refund the unused months will start from when the DVLA receive those documents!
@@mda5003 Swap was probably the wrong number, I meant the buyer can apply for the new road tax and the seller apply for his refind at the same time.
@@PeteMulv Okay, but I should also have added that there is no road tax (VED) applicable for an EV until 2025 anyway but as this video is about selling any car privately my comment above may be appropriate for someone else.
It's worth noting there's no such thing as road tax, hence the name VED (and as EV don't have emissions this will likely change in the near future) It doesn't pay for the roads either which is paid for via general taxation. 😊
Wow. You were well over exposed. Were you after a sun tan 😅. Nice vid. Just the info I needed
Playing with camera settings I don’t understand!
A little bit off topic, I am looking to sell my electric bike , and I am worried about the same thing how get over the test ride and payment, just worried the the customer could be just a thief or he can fall with it and damage it
I was tempted to say swap for my 140k mile 2015 P85D but the i3 is only 4 seats lol.
Thanks for the public service broadcast. Isn't there a registration document that needs to be completed to transfer ownership?
Yeah, V5. Can do it all online there and then.
I read that bank transfers can be dodgy, safeguard by transferring the incoming payment to another account and then you are more secure…….🤠
That would have no affect, it would still come out and make you overdrawn.
They’re not dodgy at all.
Whoah - what went wrong with your exposure?
Pretend it’s fine!
Black car and sun deprived Yorkshireman. The camera decided the car was the thing to expose for. Trust me, common. I was a wedding photographer for years and was thoroughly fed up of compromised exposure for black groom suits and white brides dresses.
They're not used to sun in Yorkshire - he didn't know what to do with it.
@@ElectricVehicleMan Pretending now.
Hello mate