Selling Motorhome Advice (1 Viewer)

[Puntosaurus]

Hallo one & all,

I'm on the verge of successfuly selling our motorhome. No need to panic as I intend to buy something smaller, more than likely a van conversion this time around!
Anyhow, I'm after some advice or ideas. What would be the best way of taking the substantial funds? Obviously cash can be king, but with a large sum, how can one check for fake notes? Would a bank transfer at the time the buyer arrives & we sign the paperwork over be an acceptable means? I'm just worried about transaction reversal or being scammed out of the funds. Nothing to worry me from our conversations, but maybe I'm worrying too much! Selling something for this sum is not something I've experienced before.

Any insights really appreciated.

Thank you

 

[Eggs]

Bank transfer can't be reversed now, if it's cash take the buyer to your bank and pay the money in while he's there.

 

[Cheshirecat57]

Just as a comparison, I work for a large truck dealer and we sell roughly 1 million pounds worth of used trucks a month
We haven't taken cash, bankers-draft,cheque,building society cheques for YEARS

Bank transfer only

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[stevewagner]

Bank transfer and once funds are confirmed, transfer immediately to another account

 

[PaulyP]

Bank transfers are ok, sold our motorhome that way, though he paid £2000 deposit the same day, asked me could I hold on to it for 4 weeks, and £20,000 balance 4 days before he picked it up.
Sold a car, transferred £13,000 and waited until I was happy before they left.

 

[Puntosaurus]

Thank you for all the replies, much appreciated! Obviously looks like Bank Transfer is the safest way to go.

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[Roger20]

My buyer insisted on paying cash so we went together to pay it into my bank. Don't think the queue which built up behind was particularly impressed!

 

[tonka]

Just one extra tip as there have been a few scams based on this..

YOU do the checking that funds are in your own bank account on your own devise.
Dont let anyone say they have done it and show you something on their phone or laptop screen.. This is often used with an excuse that they need to get away for something urgent.

A genuine buyer wont mind waiting until its all confirmed and transfers between banks are almost instant now.

 

[R RV]

Hallo one & all,

I'm on the verge of successfuly selling our motorhome. No need to panic as I intend to buy something smaller, more than likely a van conversion this time around!
Anyhow, I'm after some advice or ideas. What would be the best way of taking the substantial funds? Obviously cash can be king, but with a large sum, how can one check for fake notes? Would a bank transfer at the time the buyer arrives & we sign the paperwork over be an acceptable means? I'm just worried about transaction reversal or being scammed out of the funds. Nothing to worry me from our conversations, but maybe I'm worrying too much! Selling something for this sum is not something I've experienced before.

Any insights really appreciated.

Thank you

what are you selling? Any pictures as I’m look at buying something - but not sure what yet!

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