What is the safest payment to accept when selling a car?
05-10-2011 | 10:21 PM
#31
Registered Member
Joined: Mar 2011
Posts: 226
Likes: 3
From: Central Va
My local Infiniti dealer fired their long-time GM in January for taking a customer check that bounced--$80K I'm told. They gave me the new G37x in February on my signature, but made me bring them a bank check the next day. Which annoyed me and apparently wasn't much safer for them.
05-11-2011 | 12:23 AM
#33
Why do you think he'd be hesitant to pay you with cash if he's legit and has the money in the bank to cover this check he wants to give you? Ask yourself that. I hate to see anyone get burned, but you seem to be making this harder for yourself than necessary. If he has the money, he can get cash, can't he? You are about to be scammed. Good luck.
How is he taking any risk? He'll have the car and a bill of sale showing he purchased it.
How is he taking any risk? He'll have the car and a bill of sale showing he purchased it.
05-11-2011 | 06:38 PM
#34
Registered User
Joined: Mar 2011
Posts: 370
Likes: 0
From: Hamden, CT
Actually you'd have to meet them at THEIR bank. There is always some risk, but keep the title until the check clears. I think one of the bank checks is like a money order where the money is taken from their account when they make the check.
The "over 10K" cash deposit is really easy to avoid...Deposit some one day, some the next day. Not that difficult.
The "over 10K" cash deposit is really easy to avoid...Deposit some one day, some the next day. Not that difficult.
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