Payment is the most critical moment of any car sale. In Egypt, both cash and bank transfer are common — but each carries specific risks that sellers need to manage.
Bank Transfer – Safest for Large Amounts
InstaPay and bank-to-bank transfers are increasingly popular in Egypt for large transactions. Wait for the funds to show in your account before releasing the car — do not rely on screenshots or transfer confirmation messages from the buyer.
Cash – Still Common but Carries Risks
Cash remains widely used in Egypt for car sales. If accepting cash, count it carefully and, for large amounts, consider doing the handover at a bank branch so staff can verify the notes. Counterfeit currency is a known risk — take this precaution seriously.
Certified Cheque
A certified cheque issued by an Egyptian bank is bank-guaranteed. Call the issuing bank directly to verify the cheque before handing over the car.
Common Scams in Egypt
- Counterfeit notes: Inspect cash carefully; conduct the handover at a bank branch if possible.
- Fake InstaPay confirmations: Scammers send fake SMS payment confirmations. Always verify the credited amount in your bank's own app.
- Bounce-back transfers: Payment that appears but is then reversed. Wait for complete clearance confirmation.
Deposit to Secure the Sale
Take a deposit (EGP 1,000–5,000) once you agree a price to prevent the buyer from backing out. Make clear the deposit is non-refundable if the buyer withdraws without good reason.
