Payment Procedure for Used Cars in Sydney

Selling vehicles need proper marketing using different strategies like detailing, attractive pictures and creative description. Besides this, there is contemplation of how people pay for used cars in Sydney. Everyone wants to be careful because nobody wishes to lose car and money both.

Recognize the buyer 

You do not want to befriend the buyer, but will surely like to know the person buying your used car a little more. You can ask for identification and take the driver’s license photo using your mobile phone. Verify that the photo in the driver’s license and the buyer standing in front of you are same. When you hold the license, it must seem genuine and have special markings or holograms. If you are not satisfied then do not trust them.

How to deal with payments of used car for sale?

1. Safe way - The safest option is to accept cash for used car. Suppose the buyer is not ready, ignore the deal because he/she may not be the correct buyer. Now, here you can take the help of a car dealer. However, if you actually trusted them and accepted a check then call the bank. Request them to confirm the check status because you have a car buyer, who gave it to you. They will ask for the account number, amount and routing code to verify. Remember never accept personal check because you are not aware, if the account is active or not.

2. Accept a deposit – Payments for used car for sale can be made by taking some deposit. Set a timing to hold the cash or check made against the car. It can be a couple of days. It should not be for a long period. You can accept the check because you still have the car. They can pay the rest of the amount in cash and have the deposit back simultaneously.

3. Credit card – You must have your personal merchant account to accept credit card payments. After the deal is finalised and payment procedure is concluded, deposit the amount you received in the bank promptly. No one will wish to lose such a big amount of money.