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Car Sale Transaction #4107901
03/27/24 02:20 PM
03/27/24 02:20 PM
Joined: Aug 2014
Posts: 1,179
Your blindspot
U
Uokman2014 Offline OP
6 point
Uokman2014  Offline OP
6 point
U
Joined: Aug 2014
Posts: 1,179
Your blindspot
Other than cash, what is the safest method of payment for a car with an unknown, out-of-town buyer?

Re: Car Sale Transaction [Re: Uokman2014] #4107905
03/27/24 02:27 PM
03/27/24 02:27 PM
Joined: Aug 2016
Posts: 605
North AL
Rainbowstew Offline
4 point
Rainbowstew  Offline
4 point
Joined: Aug 2016
Posts: 605
North AL
Cashiers check from bank, meet at bank to verify check is good.

Re: Car Sale Transaction [Re: Uokman2014] #4107906
03/27/24 02:28 PM
03/27/24 02:28 PM
Joined: Jul 2005
Posts: 9,977
Hampton Cove
foldemup Offline
14 point
foldemup  Offline
14 point
Joined: Jul 2005
Posts: 9,977
Hampton Cove
I don’t know if this is the safest way, but I just had them bring a certified check and meet me at my bank to verify it’s good before my car leaves. I actually almost lost a car once by a fake certified check that I accepted at my home. Dumbass gave me his real name and address for title, but he gave me a fake check for a $20k corvette. Had a hard time getting the Nashville police to help until I told them I was going to his house with a gun. They met me there and got my keys for me.


If you want to always win, never play anyone better than you!
Re: Car Sale Transaction [Re: Uokman2014] #4107916
03/27/24 02:39 PM
03/27/24 02:39 PM
Joined: Aug 2014
Posts: 1,179
Your blindspot
U
Uokman2014 Offline OP
6 point
Uokman2014  Offline OP
6 point
U
Joined: Aug 2014
Posts: 1,179
Your blindspot
Thanks for the suggestions!

Re: Car Sale Transaction [Re: Uokman2014] #4107943
03/27/24 03:28 PM
03/27/24 03:28 PM
Joined: Jan 2014
Posts: 115
Mobile, AL
W
Wahoo Offline
3 point
Wahoo  Offline
3 point
W
Joined: Jan 2014
Posts: 115
Mobile, AL
Wire transfer. And for absolute certainty, you want it handled as a wire transfer and not ACH. Once a wire clears and is in your account, it is good money. ACH money can be clawed back by the sending bank. For a cashier's check, I would want the bank that wrote the check, not my bank, to tell me it's real. And I'd want them to do it in person at the branch.

Some of this depends on how much money we're talking about, of course.


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