How to safely receive money when selling a car

How to transfer money when buying a car

You have chosen a car, checked its condition and agreed on a price with the seller. All that remains is to conclude a purchase and sale agreement, transfer the money and go to the traffic police to register the car in your name. Or do you need to pay only after registration? When to transfer money when buying a car?

There are no state-regulated rules. Pay whenever you want, or rather, as agreed with the seller. We talk about the most popular options for transferring money when buying a car.

Content

Payment at the time of conclusion of the contract

You meet with the seller, fill out the agreement, give money, receive keys, documents and a car. Then you act autonomously: you go to register the car or go home to wash your purchase. Just don’t put off registration for too long: by law you have 10 days to re-register.

Pros: you don't have to adapt to another person. The seller will not have to go to the traffic police with you, and you will register the car on any day convenient for you.

Disadvantages: there is a risk of running into a seized or stolen car, and you can no longer find a seller with money.

Payment after registration with the traffic police and prepayment

Don't want to take risks? We understand. Therefore, we suggest agreeing with the seller on the following. After concluding the contract, you make an advance payment, and transfer the entire amount only after checking the car at the traffic police. You will have to go to the department together.

To prevent the seller from being nervous, make a note in the contract that ownership of the vehicle passes to you only after the entire amount is transferred. To avoid stress yourself, ask the seller to write a receipt for the prepayment received. You can do without it altogether, depending on what you agree on.

Pros: you pay only after you make sure that there are no problems with the car. The seller will personally make sure that the car is no longer on him, taxes and possible fines for violating traffic rules will not come to him.

Cons: not every seller will agree to such conditions. By law, he is not required to go to the traffic police, and the prospect of spending a couple of hours in a government-owned house is unlikely to tempt him.

Payment after self-checking the car using VIN

A compromise solution is to check the car's history yourself. For example, the check can be carried out using the VIN or license plate number on the website avtocod.ru. For 349 rubles you can buy a full report on the history of the car here. From it you will learn:

data from PTS;
number of owners;
participation in an accident;
actual mileage;
OSAGO data;
presence of restrictions;
history of fines;
customs history;
and much more.

All is clear? Then proceed as we advised at the very beginning: draw up an agreement, transfer money, shake hands and register the car when it is convenient.

Pros: you are confident in the purity of the transaction, and you don’t have to persuade the seller to go to the traffic police.

Cons: almost none. Commission to an auto expert, respect to a familiar traffic cop, or a nominal fee for service.

Bottom line: when is the best time to transfer money?

It is safest to pay only after registering the car. Agree on this with the seller in advance. Write down the conditions (prepayment, transfer of all funds) in the contract; it is drawn up in free form.

If the seller does not agree, check the car yourself before the traffic police. Check its history with the help of a service, an auto expert or a friend from the traffic police.

How to transfer money when buying a car

The right moment to transfer the money has been sorted out. We tell you how this can be done.

Give in cash

A very popular method, despite the danger of running into a criminal. If you decide to act this way, take these steps:

Take a friend with you, or better yet two. They will also become witnesses in the event of a trial.
Choose a safe place: a bank, hotel reception or business center. A large store or an empty street will not do.
Together, in front of witnesses, count the entire amount.
Request a receipt from the seller stating that he received the money. It must contain the seller’s passport details, the amount and subject of the transaction.

Be careful and attentive. It is also advisable to check the banknotes for authenticity.

Act through the bank

If you don’t want to tickle your nerves, use the services of a bank. The service can be:

Rent a cell. You come to the bank with your passport and write an application to rent a safe. Explain to the bank employee the purpose of the event, and he will help you correctly indicate the conditions for separate access. Leave the money in the safe deposit box so that the seller can pick it up after handing over the keys or registering the car, depending on how you agree. This method of transferring money for property is considered one of the most reliable, but it also has its drawbacks. The contents of the locker are not specified in the lease agreement. That is, the buyer can put 100 rubles inside instead of a million. The verification and recounting of money must be negotiated separately with the bank. You can also submit this matter to a notary; check with the bank for details.

Letter of Credit. Unlike a safe, the service is intended for cashless payments. How does this happen:

The seller and you enter into a contract.
You bring the DCT and your passport to the bank and write an application to open a letter of credit.
Open a bank account and deposit the required amount into it.
The seller fulfills the terms of the contract and provides supporting documents to the bank. What documents these will be are decided by the parties.
The bank verifies the documents and transfers the money to the seller.

This method is most often used when purchasing real estate. In the case of a car, it is not easy to decide which documents will serve as confirmation that the transaction has been completed. Therefore, we advise you to get advice from the bank.

Transfer money to a card. This can be done at a bank branch, through an ATM, app or mobile bank. There are only restrictions on the transfer amount. For example, the daily limit in Sberbank Online is 500,000 rubles.

The buyer transfers the entire amount, and the seller checks his account. At the same time, it will be almost impossible to withdraw money without the consent of the recipient. At Sberbank, for this, the applicant will have to come to the branch and, most likely, resolve the issue through the court.

Transferring cash through a cashier. This is also a good option. Choose any branch of your bank, order money and come there on the appointed day along with the car seller. Go to the cashier's booth, withdraw money and give it to the former owner in exchange for the keys. The choice is yours.

Bottom line: what's the best way to transfer money?

Involve the bank. It's safer and more reliable, but not always free. Renting a locker will cost you at least 1,000 rubles, and a letter of credit will cost from 1,500. If you pay in cash, take safety measures: choose a quiet place, take a brutal friend with you and demand a receipt from the seller.

Remember: each option for transferring money should be agreed upon with the seller in advance so that there are no surprises. If a transaction seems suspicious to you, contact a lawyer for advice or act strictly through the bank.

Let's leave the scammers with their noses: How to sell a car without being deceived?

Experienced people do not see any difficulties in selling a car on their own , but those who do it for the first time are afraid of being deceived. But for both, the deal could have unpleasant consequences. Even the most vigilant and distrustful person runs the risk of being confused by the ingenuity of scammers.

This introduces additional risks into the car sales process. Knowing the basic methods of scammers and the rules for selling cars will help you protect yourself from deception.

How to sell a car without getting scammed?

Get ahead of the scammer

“Scammers” act according to a pre-determined scenario. Therefore, to protect yourself, use their own weapons - get your own step-by-step action plan. Think in advance about the entire process of selling a car, from the moment you submit an ad to completing the transaction and transferring money. Try not to deviate from your plan. Decide right away which transaction option will be acceptable for you, how much money you will be willing to “throw away” and which service center you will contact for diagnostics, if necessary. If you think carefully about your every step, then deceivers will not be able to drag you into an adventure.

Follow the law

Do not neglect the services of the people who represent the law. Involve a lawyer, notary, consultant or police officer. A lawyer present during the sale of a car will be able to take into account all the nuances of the transaction, resolve financial issues, correctly prepare and execute documents and avoid controversial situations.

Keep a clean bill

There is an unspoken rule of car sales - the price of a car should be set taking into account the discount. Fraudsters acting as buyers usually immediately agree to pay the full price without haggling. This lulls the seller’s vigilance and forces him to agree to complex payment schemes. For example, they can offer 50% before registering the car, and the second 50% in installments, based on trust. Naturally, you won't see any more money. Be wary of any unusual buyer behavior. Don’t be afraid to look suspicious; it’s better to be distrustful than to be deceived. The main thing is not to forget about your own plan.

No need for familiarity

Limit yourself to strictly business communication with the buyer; politely let him know that it will not be possible to establish friendly relations with you. As soon as the fraudster gains trust, he will immediately try to take advantage of it - he will get a big discount, agree to pay in installments, or resort to more sophisticated methods. The classic trick of scammers in such cases is a card game with a new friend. The attackers claim that the car is being looked at for a serious buyer, and while one of them is studying it, the other offers to play cards to brighten up the wait. The seller is jokingly asked to bet a wheel from the car, then some other part. As a result, he is left without a car and without money.

Get support

Never sell a car alone, be sure to take friends with you. The best option would be if your friend comes by car.

It is too dangerous to leave on foot after selling a car - criminals often track down sellers and forcefully deprive them of the money they received. They can also follow your car, so stick to busy roads, don’t stop at gas stations and shops, but go straight to the bank. Fraudsters will leave you alone once they realize you no longer have cash.

How to sell a car without fraud and problems?

An experienced fraudster may remain undetected until the very end, so you should not let your guard down, even if the entire sales process went according to your plan. Remember that the most important part of the transaction is getting the money.

It should be treated with special attention:

If possible, avoid bank transfers . This method of transferring money might be considered secure, but a person who does not understand the intricacies of banking could easily confuse a regular bank transfer with the transfer of an enclosed blank check.

It is also better to be more careful with cash . The point is not only that they can later be taken away by force, but also that instead of real money, they can slip you counterfeits or even a “doll”. If transferring cash is still necessary, try to have it take place in a public place and have one of your friends with you. You can also transfer money at a bank, where for a small fee the cashier will immediately check the authenticity of the bills.

The safest way is for the buyer to deposit cash into your bank in your personal presence. At the same time, do not touch the money under any circumstances - the buyer himself must deposit it into the cash register.

How to safely receive or transfer money when selling a car?

Buying a new car or selling an old one is a long-awaited exciting moment. The main thing is not to forget about safety at this moment, so that you don’t have to lose your money or car later.

There are several ways to receive and transfer money when buying a car. Each has its own pros and cons. Let's look at them in more detail and choose the most relevant one.

Cash transaction

The huge advantage here is that the seller physically sees the money and the transaction can be completed quickly. But it's not safe. This method has a lot of disadvantages.

There is no confirmation of the transfer of money. Therefore, it is necessary to take witnesses with you to the transaction who will confirm this transaction. Better yet, ask the seller to write a receipt stating that he received the funds and has no claims.
Selling a car involves a lot of money, which is dangerous to carry around on the street. There is an opportunity to run into scammers and thieves. Therefore, it is important to initially think about security and conduct a transaction in a public place, and it is better to immediately deposit the money on a card or bank account.
Difficulty in checking the quantity and authenticity of banknotes. The buyer himself may not be aware of this, so it is important to check all this. Let’s say you carry out a transaction in a bank, where for a certain fee they will check and count the money, or even deposit the funds directly into an account in this bank, then this whole procedure will be free.

As can be seen from the pros and cons of a cash transaction, it is better not to take risks, but to try other payment methods or, as a last resort, carry out the transaction on the premises of a credit institution.

Transfer to card

Another option for completing a purchase and sale transaction is to transfer funds to a bank card. This method is safer since there is no need to check money and carry it in cash. And the fact of transfer of funds will be recorded. But this type of calculation also has its drawbacks.

Funds may not arrive immediately as bank transfers can take up to three days. Therefore, you must either wait for funds to be credited or make a transaction at your own peril and risk.
The buyer may be dishonest and, after completing the transaction, cancel the transfer of funds, citing an error, and resell the car or do something else with it. This can be done if the funds have not left the bank and have not been credited to the seller’s card, so it is important to wait until the money arrives and only then give the car back.

You can also open two bank accounts and make a transfer at the time of the transaction. The assignment must indicate that the funds are being transferred under a purchase and sale agreement, the date and its number. This will be the safest transaction. But many people enter into an agreement for a smaller amount, then the remaining funds are transferred in cash or by transfer to a card.

Bank safe deposit box

This method of completing a transaction is relevant for large transaction amounts. The buyer opens a safe deposit box, deposits funds there and grants access to the car seller. When the documents are signed, the seller will be able to receive his funds in the cells.

The seller will not have access to the money until the terms of the contract are fulfilled. But will there be a negotiated amount? The contract for the safe deposit box does not indicate its contents, and the money is not necessarily verified. Therefore, there is a risk of getting a pig in a poke.

Analyzing all the ways to transfer and receive money when buying a car, we can conclude that you cannot do without a banking institution. It is better to protect yourself from all sides, even if the transaction takes place with a friend or relative and use all security measures.

How to sell a car correctly and safely - ZR instructions

How did you resell a car in the old days? To check for legal purity, we went together with the potential buyer to the traffic police post, before the sale, we deregistered the car, drew up a purchase and sale agreement in a “thrift store”, checked the money received there, and only then the new owner again went to the traffic police to register the purchase and receive new numbers. Now you can check the history on the Autocode portal, the procedure for deregistration “for sale” has been abolished, and an agreement can be drawn up and signed without giving hard-earned rubles to parasite intermediaries.

So, the buyer has been found, the price has been discussed, and the transaction can begin. First, make sure that the PTS has at least one free column where you can enter the data of the new owner. If the main vehicle document has already been filled out, you will have to get a new one from the traffic police. Otherwise, there will be nowhere to display information about the buyer. Moreover, we do not recommend changing the form on your own initiative in advance. The inscription “Duplicate” on the PTS may scare off a potential buyer, and the sale will be delayed. It is better to show the original, which will show the history of the car.

How to fill out a car purchase and sale agreement?

The contract must indicate the date and place of its preparation, the cost of the vehicle, last name, first name, patronymic of the seller and buyer, their addresses and passport details, identification data of the vehicle (make, model, color, year of manufacture, VIN), series, number , date of issue of the vehicle passport (PTS), as well as registration document (STS) data and license plate number (if available). It would be useful to indicate that the buyer accepts the vehicle in good condition and has no complaints.

The agreement is drawn up in three copies. One remains with the seller, two - with the buyer, who, in turn, will give one to the traffic police when registering the car.

How to fill out the PTS?

Now you can start filling out the PTS. In the new field (there are six of them on the form) you need to indicate the full name of the new owner, his registration address and the date of the transaction. In the column “Document of ownership” we simply indicate “Agreement of sale and purchase from such and such a date.” The seller (former owner) and buyer (current owner) put their signatures below. If the car is sold by a legal entity, then it will need to be stamped.

When should I transfer money?

Exchanging money for a car is the most slippery issue of the transaction. Each of the parties (and most often these are strangers) to a certain extent does not trust the partner. From a legal point of view, ownership passes with the signing of the purchase and sale agreement. Therefore, after filling out the contract and PTS, it is better not to sign them immediately. It is more correct to do this directly at the time of calculation. The seller receives money, the buyer receives documents and car keys. At the same time, the parties, with their autographs in the contract and PTS, certify that the transaction has taken place.

Do I need a vehicle acceptance certificate?

In addition to the above documents, we recommend drawing up a transfer and acceptance certificate for the car. He will separately confirm the fact of transfer of property to the new owner. It must indicate the exact time. The fact is that the law gives the buyer ten days to re-register the car. Until this moment, for cameras recording violations, it belongs to you. With the help of the contract and the act, the “chain letters” received after the sale can be challenged, while simultaneously providing the traffic police with all the data of the real violator. Just keep in mind that you have only 10 days to appeal the fine from the date the decision comes into force. So, immediately after selling the car, it is advisable to monitor information about fines on the traffic police website, so that if something happens, you can quickly appeal them.

Which documents remain with the former owner, and which are transferred to the new one?

The former owner gives the title to the buyer. Later, the traffic police will add the remaining information to this passport, and the STS will issue a new one.

As for the previous vehicle registration certificate, it is usually given to the new owner, and he, in turn, submits this document to the traffic police when re-registering the car. This way, the inspector has fewer reasons to doubt the legality of the car sale transaction. But formally, the STS does not have to be submitted to the traffic police.

Moreover, if there are doubts about the buyer’s integrity, it is better to keep the STS. Indeed, in theory, the new owner will be able to drive with your STS until you contact the traffic police to deregister. All this time you will receive fines and transport tax.

Replacing numbers

The license plates remain on the vehicle. If the seller wishes to keep the plates for the next car, he must first re-register the car before selling it. The old “tins” will remain in storage at the traffic police department for 180 days; with the new ones, the vehicle will be transferred to the buyer. In turn, the buyer can also ask to replace the numbers when registering the purchase in his name.

Do I need to take out a new MTPL policy?

The MTPL policy remains with the previous owner. It allows you to change the list of persons allowed to drive and the owner of the car, but not the policyholder. And this is the main person for the insurance company! In the event of an accident, she will do business with him – the old owner. That is, the new owner will have to look for a seller or, at the time of purchasing the car, take a power of attorney from him to represent the interests of the insurer. Are such difficulties worth the several thousand rubles saved?

But the seller can still benefit from the old OSAGO policy. It is enough to come to the office of the insurance company and write an application for termination of the contract and the return of part of the paid insurance premium. Interestingly, the law does not allow you to do this procedure “just like that” (for example, if you decide not to use the car for several months). The insurer must provide documents confirming the sale of the car.

To apply for a new MTPL policy, the car buyer must first obtain a diagnostic card. So, if it has not yet expired, the seller can give it to a new owner. Please note that the buyer is given 10 days from the date of the transaction to issue a new MTPL policy.

First, we fill out the purchase and sale agreement, PTS and the acceptance certificate. We sign all three documents simultaneously with the transfer of money. The title, license plates and diagnostic card are transferred to the new owner. The OSAGO policy remains with the seller, the STS policy remains with the parties by agreement.

Samples of required documents:

Maximum risk reduction during a transaction: how to safely sell a car and get money?

According to Art. 454 of the Civil Code of the Russian Federation, the buyer under any sales contract undertakes to pay the cost of the goods. Exactly when he should do this is not regulated by law.

The resolution of the issue remains at the discretion of the parties. Let's consider how you can transfer funds when buying a car in person, and when is the best time to do it.

Methods of payment when buying and selling a car

Considering the fact that in this area you can easily run into a scammer, you need to consider all possible options and choose the best one.

Transferring cash is perhaps the most dangerous option . Indeed, if something happens, it will not be so easy to prove that the money was transferred to the seller in the proper amount, and in general that the financial resources were transferred to the previous owner in at least some amount. The second point: there is a risk that the new owner may simply be robbed.

To avoid problems, you must:

Provide evidence that the money was transferred.
Make sure that there is no possibility of the funds being seized by third parties or the seller himself through criminal means.

To have proof of money transfer, you need to do the following::

Involve witnesses to observe the process. You can invite a couple of your friends.
Require the seller to write a receipt for receipt of funds. If money is transferred for a car immediately after it is sold, simultaneously with the transfer of the car, it is enough to reflect this fact in the transfer and acceptance certificate.

How to safely sell your car and get cash for it? You need to remember how to avoid becoming a victim of scammers and other criminals. Adviсe :

The cash transfer event must be carried out in a public place. But a shopping center, where people around you are too immersed in the process of shopping, is not suitable. In addition, in such a place it will be easier for the criminal to escape with the stolen money. It is better to make an appointment, for example, at a bank branch.
It is necessary to insist that the seller count the money and make an appropriate note about this in the receipt or in the acceptance certificate. For example: “We received 500 banknotes with a face value of 1000 rubles each. The money was counted by me personally. . "

Transfer to card

A good option. Its advantages are:

The money will go through the bank . If any dispute arises, you can always take a statement indicating that payment was made. Attention: the purpose of the payment must be indicated. For example: “Payment for a car’s contract dated July 25, 2019.”
No need to bother with cash . As a rule, cars are expensive. Carrying a wad of banknotes around the city is not safe.

There are also some disadvantages. For example, many electronic banking services, using which you can transfer money to a seller, have a daily limit . Thus, Sberbank sets the maximum transfer amount of 500 thousand per day. If the car costs more, you will have to pay for the purchase in installments, transferring 500 thousand every day.

Alternative: contact the bank office and give an order to transfer the required amount of funds immediately. From the buyer's account to the seller's account.

Bank safe deposit box

The mechanism is as follows:

The buyer rents a locker and puts money there.
After the terms of the vehicle purchase and sale agreement are fulfilled, the seller gains access to the cell where the funds are located.

Advantages of the method:

no need to bother with cash;
the seller will not have access to the money until the terms of the contract are fulfilled.

The downside is this: the safe deposit box agreement does not indicate what exactly is in it . Moreover, such information must be kept confidential. Taking this into account, we cannot exclude a situation where, instead of the promised 700 thousand rubles, the cell ends up with 100 rubles or several coins of different denominations.

Letter of Credit

There is a Regulation on the rules for transferring funds. It was approved by the Bank of Russia in 2012. The document, among other things, talks about a letter of credit.

What does it mean? Calculations are carried out according to the following algorithm :

The buyer enters into a letter of credit agreement with the bank.
A special account is opened where funds are deposited.
Under the terms of the agreement, the seller has the opportunity to withdraw funds from the specified account after submitting certain documents to the bank.

What documents will need to be shown? This is decided by the parties and the bank. Before issuing a letter of credit, you need to consult with a representative of the financial institution .

Alternatively, it can be determined that the seller’s right to receive funds arises after he submits to the bank a transfer and acceptance certificate signed by the buyer.

This is probably the best way to do the calculations :

"Cash" is not used.
The seller does not have the opportunity to take possession of the money until all of his obligations under the car purchase and sale transaction are fulfilled.

But there are also disadvantages. For example, as in the case of a cell, most likely you will have to pay the bank for opening an account .

When can I pay for the car?

Let's consider when to transfer funds when buying a car. There are several options, each of which should be considered separately.

Upon conclusion of the contract

Not the best option, although the most common in practice. It’s also good if the money and the car are transferred at the same time. If an advance payment is made, then there is a risk that the seller will receive the money and disappear.

In any case, before transferring money you must:

Check the legal cleanliness of the vehicle. This can be done online on the official website of the traffic police.
Determine what technical condition the car is in. It is enough to contact a trusted car service. In a number of cities there are companies specializing in testing and evaluating vehicles before selling them.

It seems that it is better to delay the transfer of funds a little.

After registering with the traffic police

The most reliable of the options. After the car is registered in the name of the new owner, it will become clear that everything is clear with it: there are no encumbrances, prohibitions, etc. You can transfer the money to the seller.

Problem: current legislation does not oblige the previous owner to visit the traffic police . The buyer can and must independently contact the registration authorities within 10 days from the date of conclusion of the transaction.

Most sellers are not happy about the prospect of wasting several hours. Therefore, there is a risk that the deal may fall through. The seller can put forward a condition: either he receives the money immediately, or there will be no purchase or sale.

Which method is better to use?

So, the safest options for the buyer are :

or letter of credit;
or transfer of funds in any way, but only after registering the car.

What is the best way for a seller to receive money for selling a car? As for the sellers, as indicated, they do not want to wait until the buyer resolves all the issues with the traffic police. You can agree to a letter of credit.

Features of calculation in certain cases

Let's consider several options.

Purchase on credit

It all depends on whether the loan is targeted or consumer. If we are talking about the bank providing money specifically for the purchase of a car, then the buyer is not given the funds in hand . They are immediately transferred to the seller included in the contract. If a consumer loan is taken out, the money is given to the buyer, who then transfers it to the seller.

Use of maternity capital funds

Current legislation does not make it possible to purchase vehicles with this money. Although the State Duma often raises the question of allowing the purchase of cars using family capital. But the bills are rejected. With funds from mat. capital you can buy a house or apartment, but not a car.

What to do if they don’t give you part of the money for the car?

A fairly common situation: the seller sold the car, handed it over, and the buyer paid only part of the amount stipulated by the contract and does not give the rest. The problem is unpleasant, there is something you can do:

It is necessary to send a demand to the buyer for payment of the remaining money due to the seller under the contract.
You can write a statement to the police about fraud (what are the fraud schemes for buying and selling vehicles?). Even if a case is not opened, the paper can have a psychological effect on an unscrupulous buyer.
If the money was not transferred voluntarily, you need to file a lawsuit. The application must be accompanied by a written statement and documents indicating that not all the money has been transferred to the buyer.

To summarize, we note that it is very important to choose the right method of transferring money for the received car . If you make a mistake, there is a risk of losing money. On the issue discussed in this article, you can contact a competent specialist.

If you find an error, please select a piece of text and press Ctrl+Enter .