Acceptable forms of payment when selling a used car.

[Mr_Tomahawk]

I am selling a vehicle and am wondering what a secure way of accepting payment would be so I don't get scammed by some fake money order...?

I know cash is the safest, but I am not expecting the buyer to show up with $12k in cash...

[ChiefsCountry]

Cashier's Check

[BigMeatballDave]

Personal, 3rd party. :)

[Hammock Parties]

Don't take anything but cash IMO.

Cashier's checks can be forged.

[Mr_Tomahawk]

Aren't a lot of people getting scammed with fake cashiers checks?

What's the difference between a money order and cashiers check?

[BlackHelicopters]

Meet at his bank, cashiers check.

['Hamas' Jenkins]

Cashier's check and wait until it clears or cash.

[Mr_Tomahawk]

He is coming in from St Louis...can we do anything at my bank?

[OnTheWarpath15]

I am selling a vehicle and am wondering what a secure way of accepting payment would be so I don't get scammed by some fake money order...?

I know cash is the safest, but I am not expecting the buyer to show up with $12k in cash...

I would.

[Fire Me Boy!]

Well, there's cash.

And then there's cash.

[OnTheWarpath15]

Cashier's check and wait until it clears or cash.

Option B for me.

Either are the only acceptable options, IMO.

Good luck.

[BigMeatballDave]

Payment method probably should have been discussed before he drives all the way there.

[Fire Me Boy!]

I would.

Me too. At the bank.

[BlackHelicopters]

He is coming in from St Louis...can we do anything at my bank?

Have him do a bank transfer into your account ahead of time.

[Hammock Parties]

Someone from CL once asked me if they could put $1000 down and complete the rest in payments.

[HoneyBadger]

http://thecouponproject.com/images/old/6a0105371ec95f970b012877a3d5d5970c-pi.jpg

[BlackHelicopters]

Someone from CL once asked me if they could put $1000 down and complete the rest in payments.

LMAO

[Mr_Tomahawk]

Payment method probably should have been discussed before he drives all the way there.

He hasn't left...

He plans on coming this week and is paying to have a mechanic checkit out. I'm thinking ahead and posed the question to him on how he plans on paying for it if he chooses to purchase it.

Not a done deal yet... But want to be prepared in what I will accept for payment when he responds.

[Mr_Tomahawk]

Have him do a bank transfer into your account ahead of time.

How do you go about that...?

['Hamas' Jenkins]

How do you go about that...?

PayPal.

[R8RFAN]

if I buy or sell a car they meet me at my bank.. I pay them cash and have everything notarized all in one spot.

[BlackHelicopters]

How do you go about that...?

Have a rep from your bank deal with a rep from his bank. Exchange no sensitive personal info

[Valiant]

Meet at his bank, cashiers check.

This here is the best choice

[MIAdragon]

PayPal.

Horrible idea, I've run into too many scamers that LOVE paypal. They wait for a week or so after the transaction then dispute the charges with some bogus reason.

[DaFace]

Horrible idea, I've run into too many scamers that LOVE paypal. They wait for a week or so after the transaction then dispute the charges with some bogus reason.

Not to mention the fees you'd have to pay on a transaction of that size. :eek:

If you're open to online transactions, look into Dwolla (https://www.dwolla.com/). It'll cost you 25c, but that's it.

Otherwise, you could look into an escrow service (https://www.escrow.com/services/vehicle-escrow.aspx) if you REALLY want both sides to be protected.

[Imon Yourside]

Meet at his bank, cashiers check.

This!

[DaFace]

He is coming in from St Louis...can we do anything at my bank?

Any chance he banks with a chain that's also in your area?

[Mr_Tomahawk]

Any chance he banks with a chain that's also in your area?

Yup. He asked me if there was a USA bank by me...he said he had planned on paying with a cashiers check and I disclosed my unease with accepting such a payment...he may be planning at meeting at a us bank when he getsbhere

[Mr. Laz]

Meet at his bank, cashiers check.

this would do it

[spades]

personal checks are usually solid

[R8RFAN]

http://8tracks.imgix.net/i/000/313/951/c/iou-note-i-owe-you-eggnob-wallpaper-size1680x1050-date15aug2010a-8219.jpg?fm=jpg&q=65&fit=max&w=1024&h=1024&fit=max

[threebag]

http://yourpfpro.com/wp-content/uploads/2013/04/Cash_is_king_for_small_businesses.jpg

[CrazyPhuD]

Pussy? :shrug:

[Psyko Tek]

hookers and blow
guns
bacon
some forms of erotic fiction

[OrtonsPiercedTaint]

So you think it will quit on him before the check clears?

[Mr_Tomahawk]

Looks like we are going to meet at his bank when he gets here and the bank will make the check out to me on the spot.

Does that sound legit...?

[Red Beans]

Someone from CL once asked me if they could put $1000 down and complete the rest in payments.

Your hummers are getting a little pricey there bub.

[BlackHelicopters]

Looks like we are going to meet at his bank when he gets here and the bank will make the check out to me on the spot.

Does that sound legit...?

Yea

[OrtonsPiercedTaint]

Your hummers are getting a little pricey there bub.

LMAO Was wondering how long that would lay there T-ed up.

[R8RFAN]

Looks like we are going to meet at his bank when he gets here and the bank will make the check out to me on the spot.

Does that sound legit...?

You will be fine at the bank, Make sure it is a certified check so he can't stop payment or cancel it.