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Thread: Private sales
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04-21-2021, 10:31 AM #1
Private sales
Do you guys feel comfortable accepting transactions with cashier's checks?
Or demand wire transfer?
Obviously wire would be preferred but doesn't look like logistics would work in this situation.
Buyer is coming in from Kansas Friday to demo Saturday. My lender Huntington, doesn't do wires on Sat/Sun.
What would y'all do?
Sent from my Note 9 using Tapatalk2017 Moomba Craz Surf Edition
Flow 2.0 Surf System w/ AutoWake™
5,600 Lbs Ballast - Enzos + Lead + Sumo
Wet Sounds REV10s + REVO12-XXX
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04-21-2021, 10:38 AM #2
Private sales
A cashiers check by definition is guaranteed payment from the bank issuing the check.
Once issued, I don’t think the buyer can cancel payment.
Bigger question, do you have a replacement boat in line or taking the season off?
Sent from my iPhone using Tapatalk2021 Supra SA 400
2018 Supra SA 400 (SOLD)
Michigan
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04-21-2021, 10:43 AM #32017 Moomba Craz Surf Edition
Flow 2.0 Surf System w/ AutoWake™
5,600 Lbs Ballast - Enzos + Lead + Sumo
Wet Sounds REV10s + REVO12-XXX
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04-21-2021, 10:46 AM #42017 Moomba Craz Surf Edition
Flow 2.0 Surf System w/ AutoWake™
5,600 Lbs Ballast - Enzos + Lead + Sumo
Wet Sounds REV10s + REVO12-XXX
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04-21-2021, 11:00 AM #5
I assume you’ll Need to go to a notary so maybe call your bank to make sure they offer the service on a Saturday and then go there. Get the bill of sale notarized and cash the cashiers check at your bank. Your bank should be able to verify the funds are in your account free and clear.
Sent from my iPhone using Tapatalk2020 Moomba Helix
1989 MasterCraft Prostar (sold)
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04-21-2021, 11:06 AM #6
If he has the cashiers check made out on Friday (or any other day), maybe you can call his bank directly and just verify with them that they did indeed cut a check made out to you? Just a thought.
Scott
2021 Craz
2007 Mobius LSV
1997 Sea Ray 190
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04-21-2021, 11:10 AM #7
Thanks guys, I feel kinda retarded but it's been 10 years since I've dealt with a paper check so it just seems weird.
Sent from my Note 9 using Tapatalk2017 Moomba Craz Surf Edition
Flow 2.0 Surf System w/ AutoWake™
5,600 Lbs Ballast - Enzos + Lead + Sumo
Wet Sounds REV10s + REVO12-XXX
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04-21-2021, 11:34 AM #8
I was selling a car one time and the person was "confused" about getting a regular old check from the bank and an actual cashiers check
I didn't accept it and they were never able to come back with cash so I'm glad I didn't take their personal check
(amount was only $6000)Josh
2021 Mojo, Sold 7/15/22
2023 Supreme S240, on order
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04-21-2021, 12:40 PM #9
here's my .02..
I've sold 2 boats online and numerous cars. both boats were wire transfers. several cars were cashiers checks. every situation is different and you'll get a feel when meeting the purchaser. with the last car I sold the kid drove up from phx and after agreeing on the price, we went to wells fargo bank and he got the cashiers check there. was $20k. personally, I would not let the boat out of my sight with a cashiers check IF I had not been to a bank to verify it's good. there are ways to scam those . ask any of the guys that "won the lottery from a nigerian embassy" if he's paying cash/cashiers check I'd only finish the deal if you can confirm the check.
once you have the cashiers check tho and know it's good there's no way for him to cancel the funds so you're good to go then.
good luck.'06 Supra Launch 20SSV-gone but never forgotten
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04-21-2021, 12:43 PM #10
I would make him go to the bank with you while you deposit it since he is already going to be in town.
David
2017 Moomba Mojo Max Surf Edition, 2 Pair Wetsounds Rev10s powered by an SD2, 6 pair Wetsounds XS650M and Wetsounds XS12 powered by SD6 all controlled by a WS420. 2 Lumitec SeaBlaze X2 Spectrum underwater lights
SOLD***2008 Mobius LSV, Gravity III , Wake Plate, Z5, Exile SX65c's, Exile XM9s, Exile XI12D, Exile Javelin, Exile 30.2***SOLD