07-13-2018, 01:57 PM | #23 |
Brigadier General
7013
Rep 3,313
Posts |
I'm not saying it's not a lot of money, it's a shit-ton, i just cannot fathom the issues people have with private selling.
Don't hand over the goods until you HAVE the money in hand or in the bank, it's really simple. I sold a car here for $8K, got a cheque, wrote a contract that I received the cheque and I owe the guy said vehicle (listed the VIN etc) and as soon as the money cleared and wa sin my account i called the guy and he picked up the car. What's the complication? |
Appreciate
0
|
07-13-2018, 02:04 PM | #24 |
Going topless
32
Rep 81
Posts
Drives: E93 335i, MX-5, RCZ R
Join Date: Aug 2015
Location: Hampshire, UK
|
In the UK, online bank transfers happen in real time, so if I transfer funds to a seller the money will be in his bank account within a few minutes.
__________________
--
Philip |
Appreciate
0
|
07-13-2018, 02:47 PM | #27 | |
Major
1077
Rep 1,166
Posts
Drives: G30 M550i
Join Date: Oct 2016
Location: Toronto
|
Quote:
You want to look into an LVTS type wire transfer. It allows for realtime, irrevocable payments which will give you peace of mind that the payment will not be reversed for any reason. Here you go: https://www.bankofcanada.ca/core-fun...y-policy/lvts/ |
|
Appreciate
1
jaye9441038.00 |
07-13-2018, 04:02 PM | #28 | |
Colonel
3930
Rep 2,548
Posts |
Quote:
as an added benefit, a lot of times you can call the police department in your town and do the deal on their turf with a witness. ive had friends do this for craigslist deals more than once.
__________________
|
|
Appreciate
1
jaye9441038.00 |
07-14-2018, 05:12 PM | #29 | |
Captain
1038
Rep 638
Posts |
THIS is my concern.
My "worry" is that for whatever reason I loose the car & the money, for whatever reason and don't nobody say it can't happen. I've seen too many editions of consumer programs where a scam is done and the poor sap, get's told, "well, you should have done it like this" So (and I don't think I'm being unreasonable here) by asking relevant question's before undertaking in a private sale of a large sum of money. As I am asking the proverbial "how do I do it best" ? And the majority of the feedback on this thread has been great so many thanks Quote:
|
|
Appreciate
0
|
07-14-2018, 05:18 PM | #30 |
Captain
1038
Rep 638
Posts |
Awww GBU for that
Actually I'm a 50 something married with 7yr old in tow, (so that actually makes it harder to suck up any losses) Also being this old I've made my mistakes and am a jaded , bitter old fart who has very little trust in the majority , I usually live by the adage, prove me wrong, not right that way I ain't disappointed. Usually it's a nice surprise when I'm not |
Appreciate
0
|
07-14-2018, 05:28 PM | #31 | |
Lieutenant Colonel
3572
Rep 1,787
Posts
Drives: 2023 G81 M3 Touring
Join Date: May 2012
Location: Melbourne, Australia
|
Quote:
If not, a bank cheque works for me if we can walk into my bank together and deposit it. This is how I sold my F20 125i before picking up my E90 M3. |
|
Appreciate
1
jaye9441038.00 |
07-14-2018, 11:22 PM | #34 |
Colonel
1147
Rep 2,066
Posts |
When I sold my E46 to a questionable character for $11K, I insisted he pay in cash -- I ended up with many $20s to count and even some $10s. Gave the buyer the car and signed over title and then took paper bag of cash to my bank.
I've taken bank checks from a couple individuals at my house and given them the car, but only if I had a good feeling about the buyer, so he got the benefit of the doubt. When I bought an out of town car for $36K, I took out a loan from my non-local credit union and they fedex'd the check to me, which I then took a few hundred miles away and met at the seller's credit union. His credit union called my credit union to validate the check and then he signed over the title and gave me the car. |
Appreciate
1
jaye9441038.00 |
07-14-2018, 11:25 PM | #35 |
Colonel
1147
Rep 2,066
Posts |
In my case, car was located a few hundred miles away, and so I first want to inspect/test drive and then buy on the spot for an amount I am financing.
|
Appreciate
0
|
07-15-2018, 12:29 AM | #36 | ||
Major
1891
Rep 1,340
Posts |
Quote:
Quote:
I recommend what others recommended based on your situation. Go with the guy to get a certified check from his account. I doubt his bank will give you more than 10k+ cash on the spot unless he calls his bank several days in advanced to do a large cash withdrawal. That’s just based on my personal experience. |
||
Appreciate
1
jaye9441038.00 |
Post Reply |
Bookmarks |
|
|