Just curious....when you sell a boat or a car to an absolute stranger (for large sums), what is your preferred method of payment?
Certified cashiers check, cash, etc
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Just curious....when you sell a boat or a car to an absolute stranger (for large sums), what is your preferred method of payment?
Certified cashiers check, cash, etc
I met the buyer at the bank. It was convenient for both parties as their new loan was going through the same CU as I used.
just sold a boat for 46k. bank wire from his to mine. did not ship until wire had cleared and my bank ok'ed the funds.
sold several cars same way and shipped. this is my preferred method for selling to out of state and not in person. in person, meet at your bank for funds straight from your bank.
cash, to me, is too cumbersome once you get over the 5 to 7k range and cashiers checks can be forged anymore. this is assuming a local payment.
I did have several people that offered to send funds for over the selling price, have me pay the transport and for my trouble, would include a few thousand extra... this sounded very appealing but boat had already been sold.. :) :)
Ed - I met the New York buyer at a Virginia interstate highway exit, accepted a cashier's check, signed over the title, and said goodbye to the Outback. The buyer several weeks prior had been in Virginia to check out the boat. Satisfied, we agreed on price and that a cashier's check would be the form of payment. Worked well for both of us. Good luck. - Stuart
Stuart! Thx. Sent you a PM
Cashier's checks are as easy to forge as personal checks. If I'm selling I want the money $$$$$$$$$$$$$$$$$$$$$$$. I'll meet at their bank and have them count it out to me. Go ahead and try to take it from me. Make my day. :)
kane is right. I would not take a cashiers check for anything.