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Old 21.06.2015, 17:12
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How to pay for a car on a private sale

Hi

I'm about to purchase a second hand car via a private sale, and am a little worried about how to do it.

I have the money in my PostFinanz account, and would like to hand over the money and drive the car away immediately, or have it delivered and hand over the money.

The amount concerns me. I don't want to transfer e.g. CHF 40,000 and then go the next day to find the car and the money have disappeared. Also vice versa, if the guy delivers the car to me, I do the transfer, he will have the same worry that the transaction might get cancelled.

So what is the best way to do this? Pure cash? Do I need to give advance warning to the local post office? Is there such thing as a bankers draft or similar?

-Mark
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Old 21.06.2015, 17:55
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Re: How to pay for a car on a private sale

Nur Bares ist Wahres! (Only cash is truth)

Paying for a Car
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Old 21.06.2015, 22:48
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Re: How to pay for a car on a private sale

ok. Cash is king. Thanks for that.
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Old 21.06.2015, 23:10
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Re: How to pay for a car on a private sale

I would do cash. have done that before. works fine
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Old 22.06.2015, 00:12
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Re: How to pay for a car on a private sale

Deal Day:
Part cash advance > sale contract > insurance in your name

Delivery day:
Sign papers for cancellation / transfer at OCN > pay balance cash > enjoy the new drive
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Old 22.06.2015, 09:57
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Re: How to pay for a car on a private sale

A formal sales contract (Kaufvertrag) with a receipt (Quittung), signed by the seller, is also a good idea. This one is from car4you.ch:

http://ratgeber.car4you.ch/tl_files/...vertrag_de.pdf
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Old 22.06.2015, 10:57
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Re: How to pay for a car on a private sale

If you're uneasy carrying 40k around, you could
- test the car
- drive to the Post
- sign documents
- withdraw cash and hand over to seller, or transfer electronically
- take possession of the documents
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Old 22.06.2015, 12:10
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Re: How to pay for a car on a private sale

That's what CHF1000 notes are for...
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Old 22.06.2015, 12:24
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Re: How to pay for a car on a private sale

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If you're uneasy carrying 40k around, you could
- test the car
- drive to the Post
- sign documents
- withdraw cash and hand over to seller, or transfer electronically
- take possession of the documents
Or:

Seller brings you car.

You bring seller and plates to STVA.

Seller hands in plates, gets grey card cancelled.

You both then go to post or bank, withdraw cash (or transfer to his account) and exchange for grey card and keys.

Tom
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Old 22.06.2015, 13:19
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Re: How to pay for a car on a private sale

I would...

- agree with seller that you can drive his plates to STVA in order to register the car in your name.

- Get insurance for your to be purchased car (comparis.ch)

- sign purchase contract (incl. that seller agrees that you can use his plates to drive to STVA to register car in your name)

- transfer funds (cash) and have seller sign receipt for cash received or you can both go to post and transfer directly from your post acct. to his post acct. To avoid delays I would only opt to transfer to same financial instutition in order to avoid funding clearance issues and potential delays.

- You or him drive car to your STVA where you can register the car in your name. Your car insurnace should electronically transmit proof of insurance to your STVA



Be careful, you cannot drive around without plates. So avoid a situation where he cancels registration for the car and you take ownership as you would have to go to STVA to register car and then return to his place with plates. Depending on where the car is located this is a total waste of time. Every time I bought a car in Switzerland I agreed with seller that I could take his plates to register the car at my STVA. The first time I signed a contract that I would mail the plates to seller. I then found out that the STVA BL would have sent the plates to ZH STVA but I mailed them myself as that is what I promised the seller.
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Old 22.06.2015, 14:57
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Re: How to pay for a car on a private sale

I will sign the contract go together with the seller to the strassenverkehrsamt - register the car under my name and then transfer the rest of the money.

Also you can ask the bank to guarantee the payment for you

Good luck!
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Old 22.06.2015, 16:18
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Re: How to pay for a car on a private sale

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Also you can ask the bank to guarantee the payment for you
!
What on earth does that mean.
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Old 22.06.2015, 16:31
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Re: How to pay for a car on a private sale

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What on earth does that mean.
For a fee you can have the bank guarantee that, if the seller shows the signed contract, the bank will pay the purchase price (less advance payment, if any). Bankgarantie in german.
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Old 22.06.2015, 16:53
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Re: How to pay for a car on a private sale

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For a fee you can have the bank guarantee that, if the seller shows the signed contract, the bank will pay the purchase price (less advance payment, if any). Bankgarantie in german.
As in letter of credit ? Sounds rather complicated & I doubt any seller would want to be bothered when cash is the normal way to conduct business for a second hand car sale.
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Old 22.06.2015, 17:15
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Re: How to pay for a car on a private sale

You're talking about a transaction of Chf 40k, not small but not big either.

1) Take cash, the chances of getting attecked with Chf 40k are exactly the same as witrhout unless you publicise the fact in advance, who the hell knows what you got in your pocket at any particular point in time, if you are really scared, take somebody with you.

2) If you level of trust is such, i suggest you walk away from the car.

3) Pay the seller and have him sign a reciept for the money stating what it's for, take the grey card to the authorities, anybody can cancel a grey card.

4) Have the new one issued in your name.

5) Quit panicking, the seller wants to sell, you want to buy, in any deal you need some trust and without it, you best walk away. There is always a time after conclusion of a deal and payment or instruments to be put in place; this is the period of trust.
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Old 22.06.2015, 18:10
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Re: How to pay for a car on a private sale

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1) Take cash, the chances of getting attecked with Chf 40k are exactly the same as witrhout unless you publicise the fact in advance, who the hell knows what you got in your pocket at any particular point in time, if you are really scared, take somebody with you.
You mean like putting it on the most read expat forum in the country?
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Old 22.06.2015, 18:15
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Re: How to pay for a car on a private sale

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You mean like putting it on the most read expat forum in the country?
But even so, nobody knows where his bank is, nor which day he decides to pay...........
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Old 23.06.2015, 00:55
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Re: How to pay for a car on a private sale

Have the car and papers (no 178 entry; leased car) checked at a dealer or TCS. A nice looking car may be must not be a great car. If you don't understand a bit about it have it checked.

Look for some decent contract. Provide for language that you may drive the car with seller's plate and keep plate until you have the new permit (wouldn't be allowed to park the car without a plate on public ground). You could also make a warranty a condition. Check what warranty you buy. Most aren't worth a dime.

Sign the contract (obligation exists).

Park the car on private ground. Get an insurance. have the old permit cancelled (transfer of property together with the keys) and a new insurance issued. Deposit seller's plates. Pay. Get new plates.

Put new plates on the car.

have fun. (don't think about the CHFs anymore)
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Old 23.06.2015, 10:52
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Re: How to pay for a car on a private sale

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If you're uneasy carrying 40k around, you could
- test the car
- drive to the Post
- sign documents
- withdraw cash and hand over to seller, or transfer electronically
- take possession of the documents
Be careful not all post offices (or banks) carry that much cash in the front office. Ended up doing this, but had to find a main city branch (vs. local) to get the cash - CS in this case.

Alternatively, if you know you are going to need the cash, you can call the local post office to tell them you will be needing it and they will have it standing by. But that means know which branch you can/will be going to.
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Old 23.06.2015, 23:30
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Re: How to pay for a car on a private sale

Don't understand your problem with my post Today only. If you have something to add or criticize - do it. But be constructive, please.

Anyways. Sincerely hope your groan saved your day.
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