Re: How to take payment for a car sale ?
[Re: BH27G1B]
#2931867
06/10/21 06:39 AM
06/10/21 06:39 AM
|
Joined: Aug 2003
Posts: 5,040 new jersey usa
11secdart
master
|
master
Joined: Aug 2003
Posts: 5,040
new jersey usa
|
I would be suspicious I was helping a friend sell a car last year and had quite a few of those ," I will arrange shipping and send a check" .. so they are buying the car with out physically looking at it? I just said no in person transaction only. I met a guy in a parking lot to sell a car once, it was only a few grand , cash deal but before I gave him the title I took the bills into the bartender at the nearby Applebees and had them check to make sure the bills weren't bogus.
68 Dart 410 / 904 92 D150 original owner 21 Ram 1500 Quad Cab, Big Horn , Hemi ,4x4 23 Audi Q5 16 Honda HRV
|
|
|
Re: How to take payment for a car sale ?
[Re: 11secdart]
#2932107
06/10/21 07:34 PM
06/10/21 07:34 PM
|
Joined: Jun 2003
Posts: 3,338 Southern Maryland
klunick
master
|
master
Joined: Jun 2003
Posts: 3,338
Southern Maryland
|
I've done it several times with a certified check. Put it in the mail then asked the seller to contact me when they received and deposited it. The sellers have told me it would take X days to clear. That is fine as chances are if you call a hauler today, they won't be able to pick it up for several weeks. Yep, you want the car for sure but there is a process and it takes time. Doesn't sound like the buyer is trying to rush anything so that is great. I had have always had more issues with the shippers than the sellers.
67 Barracuda FB
69 Superbee
"Southern Maryland: If you want a good looking woman, you had better bring her with you"
|
|
|
Re: How to take payment for a car sale ?
[Re: 11secdart]
#2932108
06/10/21 07:37 PM
06/10/21 07:37 PM
|
Joined: Jun 2003
Posts: 3,338 Southern Maryland
klunick
master
|
master
Joined: Jun 2003
Posts: 3,338
Southern Maryland
|
I would be suspicious I was helping a friend sell a car last year and had quite a few of those ," I will arrange shipping and send a check" .. so they are buying the car with out physically looking at it? I just said no in person transaction only. I met a guy in a parking lot to sell a car once, it was only a few grand , cash deal but before I gave him the title I took the bills into the bartender at the nearby Applebees and had them check to make sure the bills weren't bogus. Heck, every car I have bought I didn't look at. Now most were projects in one form or another but the Cyclone came from north of Seattle and I live on the east coast. Diego had talked to the guy and turned me on to him. I talked to him multiple times and got about 50 pictures. No problems.
67 Barracuda FB
69 Superbee
"Southern Maryland: If you want a good looking woman, you had better bring her with you"
|
|
|
Re: How to take payment for a car sale ?
[Re: larrymopar360]
#2932141
06/10/21 10:02 PM
06/10/21 10:02 PM
|
Joined: Jan 2003
Posts: 8,505 Highland, MI.
Sunroofcuda
master
|
master
Joined: Jan 2003
Posts: 8,505
Highland, MI.
|
I have no problem with bank check/cashiers check but I go straight to the bank or meet the buyer at the bank named on the check. If you do not have a branch in your area I would take it to your bank to deposit and they should be able to verify it's authenticity immediately. I just did that. Then release vehicle.
Personally I would not accept cash unless you are able to verify it is not counterfeit. That's just me. Nope - even the bank can't verify a bank check or CC. Guy in my golf league sold a late model to a guy from Chicago. Two guys drove in, they all met at his bank, his bank said the check was good, he paid off his loan, they released the title lien, he handed them the keys & they drove off. Two days later his bank calls him & tells him the bank check was counterfeit & he owes them like $18,000. It was on him even though the bank said the check was good. LUCKILY, the police found the car in WI. that an older couple had bought for $9,900 cash from someone in Chicago. He got his car back, the couple in WI. was screwed. My advice is either do a wire transfer or accept CASH.
No Man With A Good Car Needs To Be Justified
|
|
|
Re: How to take payment for a car sale ?
[Re: Sunroofcuda]
#2932161
06/10/21 11:00 PM
06/10/21 11:00 PM
|
Joined: Jul 2003
Posts: 3,267 Connecticut
1972CudaV21
master
|
master
Joined: Jul 2003
Posts: 3,267
Connecticut
|
Buy some version of a Counterfeit Money Detector or meet at a bank - let them count & validate the money.
China is the enemy.
|
|
|
Re: How to take payment for a car sale ?
[Re: BloFish]
#2932399
06/12/21 12:37 AM
06/12/21 12:37 AM
|
Joined: Jan 2003
Posts: 20,384 Park Forest, IL
slantzilla
Too Many Posts
|
Too Many Posts
Joined: Jan 2003
Posts: 20,384
Park Forest, IL
|
A friend of mine sold his Harley a few years back and took a bank check for it. His bank said it was good so he released the bike to the buyer. 2 weeks later he gets the call from his bank, check was counterfeit. He got lucky, his bike was insured with State Farm and they paid out for theft.
"Everybody funny, now you funny too."
|
|
|
Re: How to take payment for a car sale ?
[Re: slantzilla]
#2932487
06/12/21 12:36 PM
06/12/21 12:36 PM
|
Joined: Jan 2003
Posts: 8,505 Highland, MI.
Sunroofcuda
master
|
master
Joined: Jan 2003
Posts: 8,505
Highland, MI.
|
A friend of mine sold his Harley a few years back and took a bank check for it. His bank said it was good so he released the bike to the buyer. 2 weeks later he gets the call from his bank, check was counterfeit. He got lucky, his bike was insured with State Farm and they paid out for theft. Now that's interesting. The guy in my golf league who found out 2 days later the check was a fake, called the police first & they started looking for the car. Then he called his bank whose employee said the check was good - so what - so she couldn't tell if it was legit or not. Then he called his insurance co. - they asked him if he handed the "buyers" the keys - he did - they told him he was on the hook for "giving" them the vehicle. His insurance company would not back him - he was out over $18k unless the car was recovered. I certainly learned a lesson in selling anything from this!
No Man With A Good Car Needs To Be Justified
|
|
|
|
|