Selling my car out of state, how to collect payment?
10-22-2006, 08:09 PM
#1
Selling my car out of state, how to collect payment? I think that a buyer is going to be bying and transporting my car from out of state. What is the best way for me to get payment securely? I am thinking just a cashiers check/ money order and waiting for it to clear? I want the buyer to feel comfortable about the whole transaction...
Anyone have experience with this?
Anyone have experience with this?
10-22-2006, 08:14 PM
#2
If the buyer is honest he will not have a single problem with you not letting the car go until the funds are 100% in your possession (being a cashed/deposited check that doesn't bounce after a day or two if the bank finds out its fake)
When I sell things online and tell the potential buyers its not leaving my house until the entire payment is in my hands and the buyer has a problem with it, I move on to the next guy.
When I sell things online and tell the potential buyers its not leaving my house until the entire payment is in my hands and the buyer has a problem with it, I move on to the next guy.
10-23-2006, 03:35 AM
#5
TECH Resident
I brought my car from a Car Sales place in Pensacola. I'm in England UK, I trusted him as he had a business so its slightly different to your situation. The way I paid was a Bank Wire Transfer. The bank lets you know the money is in your acount and then you can give him the car. I had to get him to keep the car for a couple of weeked until I got get the hipping people to collect it to deliver to me.
Obviouly cash is going to be too much to handle realisticly. I would vote for bank wire transfer.
However I sold my 3rd Gen Firebird and he gave me a cashiers check which I took him to my bank and paid it in, my bank was happy it was as good a money in my bank account so I gve him the car keys.
Obviouly cash is going to be too much to handle realisticly. I would vote for bank wire transfer.
However I sold my 3rd Gen Firebird and he gave me a cashiers check which I took him to my bank and paid it in, my bank was happy it was as good a money in my bank account so I gve him the car keys.
10-23-2006, 08:02 AM
#6
I recently sold my Formula 350 on eBay, and the guy gave me a small deposit via Paypal, and sent me a cashiers/bank check for the rest via UPS Next Day Air. Took it to my bank, they deposited it and did all the title work AT THE BANK. They have a Notary there. I shipped the title and all the paperwork back to the buyer. Guy arranged for a shipping company to pick the car up at my door. Now it's in Reno, NV, 2500 miles away. 
*sigh*.
I'm gonna add that I was pretty nervous throughout the whole transaction. I did stay in CONSTANT telephone contact with my buyer. I wanted him to feel at ease, cause honestly, I wouldn't feel at ease if the roles were reversed. Good luck with the sale.
*sigh*.I'm gonna add that I was pretty nervous throughout the whole transaction. I did stay in CONSTANT telephone contact with my buyer. I wanted him to feel at ease, cause honestly, I wouldn't feel at ease if the roles were reversed. Good luck with the sale.