Cashiers check only? Thanks for you thoughts.
2007-02-24 09:15:46 · 7 answers · asked by HomeSweetSiliconValley 4 in Cars & Transportation ➔ Buying & Selling
I would only accept cash, certified funds, or a check from a trusted lender such as Capital One Auto Finance. If accepting a check from a Lender, there should be a phone number on the Check that you can call and verify it is actually a valid and negotiable piece of commercial paper. You would be best calling a number you find for the lender, rather than just the one on the check, and ensuring either the check is valid or the phone number is a valid phone number for the lender. I would ask for a copy of the person's drivers license and I would not under any circumstances accept a personal check. Personal checks can be canceled, written on closed accounts or BOUNCE!
2007-02-24 10:12:49 · answer #1 · answered by hello 2 · 1⤊ 0⤋
Ben Franklins! Cashiers Checks aren't worth the paper they are written on these days unless you diligently take the time to call the bank and verify the check! There are MANY con artist and scammers out there these days that will get you if you aren't on your toes! They can print a better check than the bank itself!
NO PERSONAL CHECKS! Electronic transfer or postal money orders but again, postal money orders have to be verified as they too are massed produced by the scammers!
2007-02-24 09:26:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Cash is nice. Almost more important is getting the title transferred. Twice, many years apart, I managed to sell a vehicle by signing the title over on the back (which is legal in Texas) and the buyer took a long time to change the registration, which I found out about when the renewal came to me in one case and tickets were issued to the vehicle in the other.
2007-02-24 09:22:44 · answer #3 · answered by Mike1942f 7 · 0⤊ 0⤋
Cash - even if you have to go to the bank with the person (in the same car)
2007-02-24 09:22:57 · answer #4 · answered by startrektosnewenterpriselovethem 6 · 0⤊ 0⤋
1. Cold hard currency - that's CASH
2. Electronic Transfer
3. Certified cheque - they get the car when it clears.
4. Personal cheque - they get the car when it clears.
Worst - IOU.
2007-02-24 09:19:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
we have sold all of our cars by ourselves and we ALWAYS do cash. if they have a problem with that, then they are trying to scam you! there are banks almost everywhere, so they can always get the cash. and if they don't have it, they don't need to be buying a car!
2007-02-24 10:06:18 · answer #6 · answered by Carrie H 5 · 0⤊ 0⤋
cash, money order, or a certified bank check.
2007-02-24 12:49:20 · answer #7 · answered by mister ss 7 · 0⤊ 0⤋