Private sales

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Originally Posted by russellsmojo

Do you think 15% or more off is realistic in current environment? Figured that discount had tightened some


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Not sure, but 20% was typical.


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Originally Posted by larry_arizona

Not sure, but 20% was typical.


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Agree. Wasn’t saying you are wrong. More curious if that is still happening.


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Quote:

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Originally Posted by russellsmojo

Agree. Wasn’t saying you are wrong. More curious if that is still happening.


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My dealer maintained status quo. Not sure why though.


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Originally Posted by Ralphy

Cashier's checks are the most common fraud these days. Most appear to have cashed and then the bank will actually reverse them once fraud comes to light.
The only way I would accept a cashier's check, is if it was issued by the bank in front of me. Ask for a wire. 100%.

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Absolutely this![emoji115]


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If the buyer passed a fake cashiers check, that is fraud and if you have his contact information (driver’s license, Truck plate) it would be simple to track said person down for arrest and prosecution.

At minimum, it would not be difficult to find that boat [emoji16]

Not saying it doesn’t happen, but it’s relatively low risk.


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Originally Posted by larry_arizona

If the buyer passed a fake cashiers check, that is fraud and if you have his contact information (driver’s license, Truck plate) it would be simple to track said person down for arrest and prosecution.

At minimum, it would not be difficult to find that boat [emoji16]

Not saying it doesn’t happen, but it’s relatively low risk.


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Naw, that's a civil matter you'd have to sue, the police won't help you. Even then you'd be waiting a long time to get any recourse or the boat back. Easier to protect yourself in the first place by cashing the check at the issuing bank while doing the transaction.

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Originally Posted by parrothd

Naw, that's a civil matter you'd have to sue, the police won't help you. Even then you'd be waiting a long time to get any recourse or the boat back. Easier to protect yourself in the first place by cashing the check at the issuing bank while doing the transaction.

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Then said buyer would be getting a visit from Smith and Wesson........


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Originally Posted by larry_arizona

Then said buyer would be getting a visit from Smith and Wesson........


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And you'd be in jail.. Lol

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Originally Posted by parrothd

And you'd be in jail.. Lol

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Depends on the state.


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Quote:

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Originally Posted by parrothd

Easier to protect yourself in the first place by cashing the check at the issuing bank while doing the transaction.

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This doesn't really apply for out of state dealings unless it's a national bank with a large footprint.

I have Chase....I'm pretty sure you can find a Chase just about anywhere.

Buyer uses US Bank, they have no branches in the southern half of Texas.

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