fezman Posted November 6, 2012 Share Posted November 6, 2012 Hi all I have decided to buy a 2nd hand car now but I am out of country ,my friends and family have checked the car and I have told the guy I want the car and have sent a deposit . How should I pay the rest ? and what other things should I make sure of before parting with the money like how do you make sure there is no money owing on the car . thanks Link to comment Share on other sites More sharing options...
SoCalChris Posted November 7, 2012 Share Posted November 7, 2012 (edited) IMO, 100% cash. No VAT, no financing interest charges and you have more power to bargain for an immediate sale. Just make sure to be safe with that large "chunk o' change" you might be carrying around or even do the whole deal at the bank. Also, having the car's blue book in hand usually means there is no lien on the vehicle. Edited November 7, 2012 by SoCalChris Link to comment Share on other sites More sharing options...
culicine Posted November 7, 2012 Share Posted November 7, 2012 Yep pay cash; the interest rates are akin to extortion. The owner/dealer should also have th blue book - check it carefully and that all details correspond to the car in question. Link to comment Share on other sites More sharing options...
HappyInCM Posted November 7, 2012 Share Posted November 7, 2012 By cash do you guys mean cashier's check? if not at a dealer you'd have to do it at the land office no? Link to comment Share on other sites More sharing options...
funcat Posted November 7, 2012 Share Posted November 7, 2012 The best is to go to the DLT office and pay the money/cash after everything is in order and book transferred to the new owner... Link to comment Share on other sites More sharing options...
fezman Posted November 7, 2012 Author Share Posted November 7, 2012 Thanks guys Can you get a bank cheque in the other guys name ,would that not be the safest way . Walking around with loads of cash just sounds risky ,and going to the bank with the guy sounds ok but do you go to bank and then go change the name ? Link to comment Share on other sites More sharing options...
SDM0712 Posted November 7, 2012 Share Posted November 7, 2012 I had exactly this issue when I bought a motorbike in BKK. After I checked the Tabian rot and serial number I transferred the money online on my iPad and he checked on his iPhone. If you are carrying large sums of casah don't go alone, just in case. S 1 Link to comment Share on other sites More sharing options...
stingray Posted November 7, 2012 Share Posted November 7, 2012 By cash do you guys mean cashier's check? if not at a dealer you'd have to do it at the land office no? No, not at the land office. Car has nothing to do with land or houses. Link to comment Share on other sites More sharing options...
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