Okay a guy is trying to sell a mustang and said he would except cash or a certified cashiers check. This guy said he will refuse to give up the car or title until the check clears. Last I checked a certified cashiers check is the same as cash. It can be deposited at the sellers bank or cashed at the buyers bank. In my opinion this guy is totally trying to rip someone off. :fm::mj: I would run away from anyone that tells me this. What does everyone else think??
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- Thread starter mocityboy23
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I sold a boat last year and they called the bank that the certified cheque came from. She said they can be faked and they always call. Made me jittery.
Sounds more like he's trying to make sure no one rips HIM off, not the other way around.
I see both sides of this situation. I think the best way to handle this situation would be to get a bill of sale signed up that the original owner holds. Then they both go to the bank together buyer gets bank to verify the cashier check is good and they finalize everything there. Both buyer and seller should feel comfortable. I don't know if I would be totally comfortable with showing up to meet a stranger with like 10k in cash. World is too crazy now.
I remember buying a car from a privet seller, we went to the bank together and they wrote all the sale information. My name, his name, the car is being sold and it's a safe free middle man, wouldn't do it another way. Safe for both.
5.0 GT did you get a bill of sale signed up? Most banks don't have a notary on staff anymore.
Huh? Most bankers are notaries...
Main reason I'm asking is because I plan on buying a car from a private seller in the future. Most sellers are freaked out by the ideal of taking a cashiers check, and there's no way I'm showing up anywhere with a bunch of cash. :nonono: I might consider it if I was buying in my state.
Not down here in Louisiana. They won't notarize anything. Maybe I should a credit union or something.
About 2 years ago I brought a mustang. The guy excepted my cashiers check. I tried to get my bank to notarize the documents and get a bill of sale signed. They told me they no longer kept anyone on staff that does that. I called around to other banks that are affiliated with my bank in the surrounding areas and they all said the same thing. Long story short I got a lawyer to notarize the bill of sale for $50. Maybe things have changed since then. Will call around when I attempt to buy another car.
I'm selling my car and know I will most likely end up with a cashier's check. My plan was as you outlined in your first post in this thread - bill of sale, confirm funds deposited then finalize. That's strange and a pain in the ass that they don't have notaries at the banks down there, though.
Ask your bank. I didn't know about that when I walked in, I just spoke with a banker to give me a cashier check and he notarized the sale. It was a Chase bank btw.
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I've sold another car that way before a couple years ago at the same bank. Wells Fargo
A few years ago I was selling a car to a guy from Germany.
I knew that he would be driving directly to Long Beach to have it put in a container for shipment.
So we did the deal for cash. 22K in hundreds. made a really nice looking pile on my table.
I can just imagine that happening with something really expensive.
I knew that he would be driving directly to Long Beach to have it put in a container for shipment.
So we did the deal for cash. 22K in hundreds. made a really nice looking pile on my table.
I can just imagine that happening with something really expensive.
+1. When i sell stuff here, i wont give them it until i have money in my account and it's notarized. If they dont like that, they can go else where.
I agree - as mentioned I can understand the buyers side as well
Nope. I don't do checks. If you have a check I will meet you at the bank.
That's why i always deal with cash.
nothing wrong with that.
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