Help I am selling my car and I DON'T KNOW HOW IT WORKS?SHOULD HE PAY ME CASH OR CHECK?

Question

WHAT SHOULD I WATCH FOR?I PUT AN ADD ON THE NEWS PAPER AND HE WANTS TO BUY IT.WHAT DO I DO WHITH THE TITLE?

Answer 1

Accept cash. If, and only if, you totally feel you can trust this person then you can accept a bank "Cashier's Check," but push for the cash. Don't accept a personal check or money order - they're too easy to steal, cancel, or forge - (even a cashiers check can be forged, but it's far less likely).

You'll have to go to your local motor vehicles department to transfer the title and register the vehicle in his name. Do not, under any circumstances, just sign the title and give it to him. If you were to do that and he were to get a lot of parking tickets they'd come after you or, if he were to get in an accident, you could be sued.

I'd suggest that you tell him you want cash and arrage to meet him at the motor vehicles department where he can pay you, do the transfer, and take possession of the car. That way it's safe for you and you're sure things are done right. If you're not sure where the department is or what all you need you should look them up and call them. Be sure to arrange for a ride back home - either by taxi, by a friend, or by family.

Answer 2

You should only accept CASH, CASHIERS CHECK OR MONEY ORDER. These are the best type of payments. It's for sure the money is there. Do not, under any circumstances....accept a personal check. You don't know this person, they can write you a check that will bounce or they may NOT have any money to cover the expense, by that time it will be too late for you because they will already have your car with the title. It's better to be safe than sorry.

Once you get the cash, cashiers check or money order, make sure it's payable to you (i mean the cashiers check/money order) then you fill out the title together. You need to sign it & fill it out. Make sure the person signs it & fills it out in front of you before they leave & MAKE A COPY. They may NOT sign it or forget about it & what if a accident happens later on? you will still be reliable for the car since they didn't take it to Department of Motor Vehicles to transfer the title under their name. Also, make sure you call Department of Motor Vehicles, let them know you sold your car.

Answer 3

After you settle on a price, sign the back of the title, give the
buyer a sales slip with a statement saying car sold as is
without any implied warranties. Keep a copy, or write
down the buyers drivers license number , address and
phone number. Only and Only give the buyer the title to
the car if you receive payment in cash. If you receive pay-
ment by check, hold the title until the check is cashed, or
is cleared by your bank. You can then mail the title
certified to the buyer from the address you got from him or her.

Answer 4

One way or another he should pay in cash. If he wants to give you a check, this is ok but you want to make sure it clears BEFORE turning over the title and keys. If he needs to pay by check, simply arrange for him to meet you at a bank branch from which he will be getting your money. Either he can go in and withdraw the cash, or he can give you the check to go inside and cash. Only after you have the cash in your hand or in your account should you fill out and turn over the title and keys. You will need to have the title notarized upon sale, and I also recommend making a copy of the title after its been filled out for your records.

Answer 5

Get Cash. If You Do Accept A Check, Keep the car until the check clears the bank, Then sign the title and release of liability. Unless of course you verify funds for the bank the check is written from, then payment is guaranteed.

Answer 6

normally, it is okay to accept cash or a cashier's check (which is a check that the bank certifies is good, and the person who wrote the check cannot void even if they lose the check).

the only thing you need to be careful of is double-checking that the cashier's check is not counterfeit, and you'd obviously want to do the same thing with the cash. because there's a small fee for getting the bank to write you the check, i suspect that whoever you prefer getting you the cash instead.

Answer 7

in case you settle for any examine, ensure it clears the business employer in the previous liberating the automobile. both funds and cashiers assessments might want to be counterfeit and go away you keeping the bag without automobile. interior the previous countless months I have helped some one to purchase a automobile, and each and each and every time the shopper requested time for the examine to sparkling the business employer in the previous liberating the identify. This develop into no difficulty for me, yet i'm no longer dishonest. do only some thing to probability-free preserve your self, like making particular you've a valid call and communicate to area a minimum of.

Answer 8

cash or cashiers check from a bank, you fill out the back of the title and sign the front anywhere it says registared owner and if it says sing here to release instrest in vehicle. and give him the title. keep the bottom portion if it has one that releases responsibilty and have him fill that part out. if not go to your DMV and get one.

Answer 9

i think they should pay u cash......... bc if they give u a check........ u dont no if they really have tha money..... so DEFENANTLY cash

Answer 10

get cash always get cash no checks no checks please please no checks