Jump to content
SAU Community

Accepting Corporate Cheques When Selling A Car

paulR32gtr

By paulR32gtr,
in General Automotive Discussion

 Share

Recommended Posts

paulR32gtr Mentor

paulR32gtr

Posted
Posted

Have a guy coming to buy my car on saturday, but he is paying by NRMA car loans corporate cheque.

Has anyone accepted one of these as payment before?

Is it true that they can't be cancelled? I assume this is BS but what steps should I take to protect myself? I am hoping I can call NRMA car loans and validate the cheque etc before handing over anything.

mad082 Grand Master

mad082

Posted
Posted

the only thing with something like that is that anyone with a printer can print off what looks like a bank cheque. if i was you i would ring nrma now just to ask them about it before going ahead.

also, is he willing to pay the asking price before he even looks at the car? if it seems too good to be true the way he is going about it, it probably is. your other option is to accept the cheque then tell him you won't hand over the keys until the cheque has cleared.

NISMO Grand Master

NISMO

Posted
Posted

Just to be safe, drive down to your bank together and ask him to deposit it in your account. If need be pay that little extra for instant approval.

I fkn trust no one and even do that with bank cheques. esp when selling cars :-)

jaxt Rising Star

jaxt

Posted
Posted

corporate cheques are fine but as suggested, go to your bank with him...at least then they've got his image on camera.

write up something to say that you wont hand car until chq clears I don't know how it holds up

my bank verified a corporate (australian army in this case) cheque and I paid a fee to speed up clearance/approval....bribery money if you ask me it still took longer than 2 days.

paulR32gtr Mentor

paulR32gtr

Posted
  • Author
Posted

Sweet - yeah have been on the phone to NRMA and they guarantee that the cheque is good and can't be cancelled.

They found him and have put a note on his account that I am going to call up and verify the cheque number. Also had to help him jump through a few hoops with valuations etc being an import / not in redbook so all looking legit. Have all his details / work info and will get copies of his drivers license etc. Not selling for the asking price either he needed to beat me down, he is from ACT so no RCW or rego so making a bit back that way.

Not used to banks being open on weekends but there it is - open on a saturday.. what is the world coming to.

Thanks for your help guys.

Kujotk Grand Master

Kujotk

Posted
Posted

yeah if hes willing to buy a car without looking at it, he should be willing to hand oveer the check and wait for it to clear before taking it away

Ten Four Grand Master

Ten Four

Posted
Posted

I had 3 people ring up and want to transfer a deposit over my BMW 540i, took the first one. He then came down, gave me a bank cheque for the rest and drove off. (Didnt even look at the car)

i had a corporate check for my 33 GTR though. I just simply said car does not move till cheque clears, which it did (Also paid the extra fee for it to be cleared in 2 days). Another one who saw the car, loved it and paid. Didn't bother negociating.

GTR-N1 Grand Master

GTR-N1

Posted
Posted
I had 3 people ring up and want to transfer a deposit over my BMW 540i, took the first one. He then came down, gave me a bank cheque for the rest and drove off. (Didnt even look at the car)

i had a corporate check for my 33 GTR though. I just simply said car does not move till cheque clears, which it did (Also paid the extra fee for it to be cleared in 2 days). Another one who saw the car, loved it and paid. Didn't bother negociating.

Boy, have you got an honest face - or what?

...one look at you and people go weak at the knees...

Shazbanger Community Regular

Shazbanger

Posted
Posted

Hey mate,

I work at a Bank, get him to make the cheque out to CASH, and take it to the bank who issued the cheque and cash it on the spot.

Other then that, as suggested, deposit the cheque into your account, and get your Bank to put a "Special Answer" on it, and ask them to waive the fee.

They definatly can waive it, i do it all the time! Haha

paulR32gtr Mentor

paulR32gtr

Posted
  • Author
Posted
Hey mate,

I work at a Bank, get him to make the cheque out to CASH, and take it to the bank who issued the cheque and cash it on the spot.

Other then that, as suggested, deposit the cheque into your account, and get your Bank to put a "Special Answer" on it, and ask them to waive the fee.

They definatly can waive it, i do it all the time! Haha

Ok so the "Special Answer" means the cheque cant be cancelled without it? .... might need the cone of silence

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing


  • Similar Content

  • Latest Posts

    • MissMintyR33
      R33 persistent issues. P/steering and lag/misfire

      By MissMintyR33 · Posted

      I thought that might be the case, thats what I'll start saving for. Thanks for the info 
    • jtha7
      Strange issue RB25DET wont start

      By jtha7 · Posted

      Ps i found the below forum and it seems to be the same scenario Im dealing with. Going to check my ECU coolant temp wire tomorrow    From NICOclub forum: s1 RB25det flooding at start up Thu Apr 11, 2013 7:23 am I am completely lost on this. Car ran perfectly fine when I parked it at the end of the year. I took the engine out and painted the engine bay, and put a fuel cell with an inline walbro 255 instead of the in tank unit I had last year. After reinstalling everything, the engine floods when the fuel pump primes. if i pull the fuel pump fuse it'll start, and as soon as I put the fuse back in it starts running ridiculously rich. I checked the tps voltage, and its fine. Cleaned the maf as it had some dust from sitting on a shelf all winter, fuel pressure is correct while running, but wont fire until there is less than 5psi in the lines. The fuel lines are run correctly. I have found a few threads with the same problem but no actual explanation of what fixed it, the threads just ended. Any help would be appreciated. Rb25det s1 walbro255 fuel pump nismo fpr holset hx35 turbo fmic 3" exhaust freddy intake manifold q45tb q45 maf   Re: s1 RB25det flooding at start up Fri Apr 12, 2013 5:07 am No, I didn't. I found the problem though. There was a break in one of the ecu coolant temp sensor wires. Once it was repaired it fired right up with no problems. I would have never thought a non working coolant temp sensor would have caused such an issue.
    • jtha7
      Strange issue RB25DET wont start

      By jtha7 · Posted

      Hi sorry late reply I didnt get a chance to take any pics (my mechanics on the other side of the city) but the plugs were fouled from being too rich. I noticed the MAF wasn't genuine, so I replaced it with a genuine green label unit. I also swapped in a different ignitor, but the issue remains. I've narrowed it down a bit now: - If I unplug and reconnect the fuel lines and install fresh spark plugs, the car starts right up and runs perfectly. Took it around the block with no issues - As soon as I shut it off and try to restart, it won't start again - Fuel pressure while cranking is steady around 40 psi, injectors have good spray, return line is clear, and the FPR vacuum is working. It just seems like it's getting flooded after the first start I unplugged coolant sensors to see if its related to ECU flooding but that didnt make a difference. Im thinking its related to this because this issue only started happening after fixing coolant leaks and replacing the bottom part of the stock manifolds coolant pipe. My mechanic took off the inlet to get to get to do these repairs. My mechanics actually just an old mate who's retired now so ill be taking it to a different mechanic who i know has exp with RBs to see if they find anything. If you have any ideas please send em lll give it a try. Ive tried other things like swapping the injectors, fuel rail, different fuel pressure regs, different ignitor, spark plugs, comp test and MAF but the same issue persists.
    • GTSBoy
      Freddy Plenum vs Genuine options RB25

      By GTSBoy · Posted

      My return flow is custom and puts the return behind the reo, instead of at the bottom. All my core is in the air flow, rather than losing some of it up behind the reo. I realise that the core really acts more as a spiky heatsink than as a constant rate heat exchanger, and that therefore size is important.... but mine fits everything I needed and wanted without having to cut anything, and that's worth something too. And there won't be a hot patch of core up behind the reo after every hit, releasing heat back into the intake air.
    • Murray_Calavera
      R33 persistent issues. P/steering and lag/misfire

      By Murray_Calavera · Posted

      There is a really fun solution to this problem, buy a Haltech (or ECU of your choice) and put the MAF in the bin.  I'm assuming your going to want more power in future, so you'll need to get the ECU at some stage. I'd put the new MAF money towards the new ECU. 
×
×
  • Create New...