How do I pay a private seller when buying a used car?
There’s no shortage of ways to pay for a car, but some are more advisable than others.
If you’re signed up for online banking, you could also transfer the money this way. But remember to take your card reader along with you.
As a form of guarantee, you could give the seller a deposit, or leave proof of your name and address, such as utility bill, along with the cheque.
There’s also the option of a banker’s draft, which is guaranteed by a bank. However, they can also be faked, so it’s a good idea to go to the bank with the seller, so the funds can be drawn. A banker’s draft doesn’t clear immediately though, so again the seller will probably want to wait for the funds to clear before letting you drive away.
Related: Sell your car with Auto Trader.