So I'm considering sell my 69 b body convertible. Im thinking of trying the Hemings auction. My biggest fear/concern is the money transaction, followed by the possibility of a buyer not actually inspecting a car or sending someone to inspect my car.....Ive always prided myself on total transparency and. will post, answer and acknowledge any issues with my car but still id like a buyer to inspect it in person as I dont want to hear any nonsense
My question is how is the absolute safest method of transferring funds? My brother and daughter both use this Venmo but I find the site confusing, almost like some social site, pay everything from coffee, bagel and the newspaper with a cell phone instead of using cash.....I dont get this or maybe im just to out of. touch......Id like if I do sell my car for the buyer just to open a account at my bank down the street, deposit the funds and write me a bank check but im guessing thats obsolete.....I dont expect or want tens of thousands in cash either brought to my home.
So whats the thoughts and how did some of you purchase and sell cars to people out of state or across the country.
Thanks in advance

We just went though this last week, wire transfer seems to be the conclusion with cash running second place?

https://board.moparts.org/ubbthread...-payment-for-a-car-sale.html#Post2931678

This. BTDT quite a few times, see my post in the above mentioned thread about setting an account specifically for having funds wired to you.

Also, if you want to do an auction, seriously consider Bring A Trailer. It is THE site for selling cars these days and gets way more traffic than any other site and it's only $100 to list your car.

One caveat about Bring A Trailer is that muscle cars have mixed results there. Some get a good price, but a lot of times the cars sell for under market. I think it is because most of the audience is into Euro/ Japanese cars. I've sold two BMWs on Bring A Trailer for good prices, so I'm not knocking the site, I just think there are better options for musclecar sellers.

I totally agree that BAT doesn't do well on first gen muscle cars most of the time.
KID

I sold mine via a paypal deposit, (500.00) followed by two cashiers checks, 1 for a higher deposit, the second for the balance. Both checks cleared long before the car was picked up and this agreed to in writing as well as the deposits being non refundable.
I also did a bit of googling on the buyer. he was a well established business owner so that helped as well

You can set a reserve. Also, the better the car is presented, the better. That means great pics, great videos and most of all, engage with people during the auction. It is a very interactive site, so you can’t just post your car and wait.

Like I said, I've sold two cars on BaT. If they feel that your reserve is too high, they will refuse to list the car. They will push you to lower your reserve before accepting the car. So it is not always great protection.

Their clientele is just not attuned to musclecars like Mecum, Barrett-Jackson, or even Hemmings. I've been on BaT since it started auctions and most of the buyers are really rich old dudes, dealers, or young professionals buying their first or second "status" car. There are a lot of comments from people who have no intention of buying, but just want to show off their knowledge of a particular make or reminisce about the old times.

Again, not knocking the site- I sold two rare BMWs for great prices. It just seems that a lot of musclecars are undervalued on that site.

I agree on the wire transfer being the way to get paid. BAT has brought some very good money for rare Mopars in the no reserve auctions. No reserve is scary, but it will get a lot more exposure than a reserve auction. Serious buyers know the car will sell, so they jump in at the end. You can plant seeds all over the web to direct people there to make sure the auction is well "attended".

I think at Hemmings, if you want to have a reserve, they get to pick it, not you.