When selling cars, how do you get paid safely, anyway?

[Adieu]

If it's a 5-digit number, do you still make them bring cash money? Take a check and hope it's not bogus?

Or what?

 

[Flexpedition]

Wire transfer to your bank or credit union account. Takes all of 5 minutes, worst case a few hours.

 

[stamp11127]

Cashiers check at their bank then sign over title to them.

 

[Adieu]

Cashiers check at their bank then sign over title to them.

So you watch them purchase the cashiers check?

 

[99WhiteC5Coupe]

So you watch them purchase the cashiers check?

When I sold a car last year, I had the purchaser go to his bank and issue me a check - that the bank verified was “good”, and then cashed it immediately. That bank then issued me a new check, and I then deposited the money to my account at my bank.

 

[Don Hall]

What is wrong with CASH? It is the buyer's problem, not yours.

 

[stamp11127]

Don would you leave with $20,000 cash in hand? Easy pic'ins.

Adieu, I would be at the bank teller with them, buyer states that they are withdrawing x amount of dollars and buy a cashiers check made out to me, the seller. That way the bank also has my ID for the check to verify the transaction isn't being forced.

 

[Don Hall]

Don would you leave with $20,000 cash in hand? Easy pic'ins.
.

Have sold several Corvettes for more than $20K cash. I'm not the person leaving, the buyer is

 

[stamp11127]

But you have the cash after the sale....

 

[Don Hall]

But you have the cash after the sale....

That is the purpose of the sale......