- This topic has 15 replies, 4 voices, and was last updated 13 years, 11 months ago by UCGal.
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December 14, 2010 at 4:59 PM #18287December 14, 2010 at 7:43 PM #639477temeculaguyParticipant
Cashiers checks still work just fine. The big thing to avoid is selling it to anyone who wants it shipped to them in another country. Or someone who is buying it, having it shipped and you never meet or see the person.
Local transactions require the buyer and seller to meet in person, for them to exchange driver’s license info, fill out a release of liability retained by the seller and the title, retained by the buyer. This really cuts down of fraud because if someone wanted to steal your car, it’s easier to just steal it in the night as opposed to sharing identities and letting you see their face.
Cashiers checks that large often require a thumbprint of the person cashing it and they have to go into a bank (either their own or the one it’s drawn on) and they are on video cashing it. Scammers like none of that. Scammers like western union, as soon as you hear the words “western union or wire” get suspicious.
I would never pay in actual cash for a private party car. If I get to the dmv and find out the title was a fake and they just sold me a rental car, what recourse to I have. But if I bought it at their home, saw the inside when we filled out the paperwork, copied down their drivers license number on the title and gave them a cashiers check so I will have their thumbrint and picture if they defraused me, I’m covered. As a seller, I dont expect people to be rolling with 10k in $20 bills, cashiers check is fine, if it ends up being a fake, I report my car stolen/embezzled and my insurance takes over, but one again it would have easier for them to just steal it, now I know what they look like, their phone number. Even dumb crooks know there are better ways to steal than that.
December 14, 2010 at 7:43 PM #639548temeculaguyParticipantCashiers checks still work just fine. The big thing to avoid is selling it to anyone who wants it shipped to them in another country. Or someone who is buying it, having it shipped and you never meet or see the person.
Local transactions require the buyer and seller to meet in person, for them to exchange driver’s license info, fill out a release of liability retained by the seller and the title, retained by the buyer. This really cuts down of fraud because if someone wanted to steal your car, it’s easier to just steal it in the night as opposed to sharing identities and letting you see their face.
Cashiers checks that large often require a thumbprint of the person cashing it and they have to go into a bank (either their own or the one it’s drawn on) and they are on video cashing it. Scammers like none of that. Scammers like western union, as soon as you hear the words “western union or wire” get suspicious.
I would never pay in actual cash for a private party car. If I get to the dmv and find out the title was a fake and they just sold me a rental car, what recourse to I have. But if I bought it at their home, saw the inside when we filled out the paperwork, copied down their drivers license number on the title and gave them a cashiers check so I will have their thumbrint and picture if they defraused me, I’m covered. As a seller, I dont expect people to be rolling with 10k in $20 bills, cashiers check is fine, if it ends up being a fake, I report my car stolen/embezzled and my insurance takes over, but one again it would have easier for them to just steal it, now I know what they look like, their phone number. Even dumb crooks know there are better ways to steal than that.
December 14, 2010 at 7:43 PM #640129temeculaguyParticipantCashiers checks still work just fine. The big thing to avoid is selling it to anyone who wants it shipped to them in another country. Or someone who is buying it, having it shipped and you never meet or see the person.
Local transactions require the buyer and seller to meet in person, for them to exchange driver’s license info, fill out a release of liability retained by the seller and the title, retained by the buyer. This really cuts down of fraud because if someone wanted to steal your car, it’s easier to just steal it in the night as opposed to sharing identities and letting you see their face.
Cashiers checks that large often require a thumbprint of the person cashing it and they have to go into a bank (either their own or the one it’s drawn on) and they are on video cashing it. Scammers like none of that. Scammers like western union, as soon as you hear the words “western union or wire” get suspicious.
I would never pay in actual cash for a private party car. If I get to the dmv and find out the title was a fake and they just sold me a rental car, what recourse to I have. But if I bought it at their home, saw the inside when we filled out the paperwork, copied down their drivers license number on the title and gave them a cashiers check so I will have their thumbrint and picture if they defraused me, I’m covered. As a seller, I dont expect people to be rolling with 10k in $20 bills, cashiers check is fine, if it ends up being a fake, I report my car stolen/embezzled and my insurance takes over, but one again it would have easier for them to just steal it, now I know what they look like, their phone number. Even dumb crooks know there are better ways to steal than that.
December 14, 2010 at 7:43 PM #640265temeculaguyParticipantCashiers checks still work just fine. The big thing to avoid is selling it to anyone who wants it shipped to them in another country. Or someone who is buying it, having it shipped and you never meet or see the person.
Local transactions require the buyer and seller to meet in person, for them to exchange driver’s license info, fill out a release of liability retained by the seller and the title, retained by the buyer. This really cuts down of fraud because if someone wanted to steal your car, it’s easier to just steal it in the night as opposed to sharing identities and letting you see their face.
Cashiers checks that large often require a thumbprint of the person cashing it and they have to go into a bank (either their own or the one it’s drawn on) and they are on video cashing it. Scammers like none of that. Scammers like western union, as soon as you hear the words “western union or wire” get suspicious.
I would never pay in actual cash for a private party car. If I get to the dmv and find out the title was a fake and they just sold me a rental car, what recourse to I have. But if I bought it at their home, saw the inside when we filled out the paperwork, copied down their drivers license number on the title and gave them a cashiers check so I will have their thumbrint and picture if they defraused me, I’m covered. As a seller, I dont expect people to be rolling with 10k in $20 bills, cashiers check is fine, if it ends up being a fake, I report my car stolen/embezzled and my insurance takes over, but one again it would have easier for them to just steal it, now I know what they look like, their phone number. Even dumb crooks know there are better ways to steal than that.
December 14, 2010 at 7:43 PM #640581temeculaguyParticipantCashiers checks still work just fine. The big thing to avoid is selling it to anyone who wants it shipped to them in another country. Or someone who is buying it, having it shipped and you never meet or see the person.
Local transactions require the buyer and seller to meet in person, for them to exchange driver’s license info, fill out a release of liability retained by the seller and the title, retained by the buyer. This really cuts down of fraud because if someone wanted to steal your car, it’s easier to just steal it in the night as opposed to sharing identities and letting you see their face.
Cashiers checks that large often require a thumbprint of the person cashing it and they have to go into a bank (either their own or the one it’s drawn on) and they are on video cashing it. Scammers like none of that. Scammers like western union, as soon as you hear the words “western union or wire” get suspicious.
I would never pay in actual cash for a private party car. If I get to the dmv and find out the title was a fake and they just sold me a rental car, what recourse to I have. But if I bought it at their home, saw the inside when we filled out the paperwork, copied down their drivers license number on the title and gave them a cashiers check so I will have their thumbrint and picture if they defraused me, I’m covered. As a seller, I dont expect people to be rolling with 10k in $20 bills, cashiers check is fine, if it ends up being a fake, I report my car stolen/embezzled and my insurance takes over, but one again it would have easier for them to just steal it, now I know what they look like, their phone number. Even dumb crooks know there are better ways to steal than that.
December 14, 2010 at 10:03 PM #639517briansd1GuestHow about meeting at the buyer’s bank to complete the transaction?
Have the buyer write you a check made out to cash. Walk up to the window together and have the teller cash the check. You know that the cash is real and there shouldn’t be any fees.
Alternatively, you can have the teller issue a bank check instead of the cash. Most banks would do that.
December 14, 2010 at 10:03 PM #639588briansd1GuestHow about meeting at the buyer’s bank to complete the transaction?
Have the buyer write you a check made out to cash. Walk up to the window together and have the teller cash the check. You know that the cash is real and there shouldn’t be any fees.
Alternatively, you can have the teller issue a bank check instead of the cash. Most banks would do that.
December 14, 2010 at 10:03 PM #640169briansd1GuestHow about meeting at the buyer’s bank to complete the transaction?
Have the buyer write you a check made out to cash. Walk up to the window together and have the teller cash the check. You know that the cash is real and there shouldn’t be any fees.
Alternatively, you can have the teller issue a bank check instead of the cash. Most banks would do that.
December 14, 2010 at 10:03 PM #640305briansd1GuestHow about meeting at the buyer’s bank to complete the transaction?
Have the buyer write you a check made out to cash. Walk up to the window together and have the teller cash the check. You know that the cash is real and there shouldn’t be any fees.
Alternatively, you can have the teller issue a bank check instead of the cash. Most banks would do that.
December 14, 2010 at 10:03 PM #640622briansd1GuestHow about meeting at the buyer’s bank to complete the transaction?
Have the buyer write you a check made out to cash. Walk up to the window together and have the teller cash the check. You know that the cash is real and there shouldn’t be any fees.
Alternatively, you can have the teller issue a bank check instead of the cash. Most banks would do that.
December 15, 2010 at 9:34 AM #639677UCGalParticipantI’ve sold a few cars private party.
It’s been paid for with either cash or cashiers check. Of course most of the cars were under $5k because I keep cars till they’re worn out. (more than 10 years old, etc.)
We went, together, to AAA, to retitle the car. (Faster, easier than DMV if one or both parties are AAA members.)
This is important for the seller – if the new owner does not retitle it in their name, and you have not taken the step to notify the DMV you sold it – any parking tickets they acquire get mailed to you, and you’re legally liable for them. My nephew made this mistake…. cost him several hundred dollars.
Back in the pre-craigslist days I used the auto-trader. On the 2 cars we sold we had the best luck with Craigslist.
December 15, 2010 at 9:34 AM #639748UCGalParticipantI’ve sold a few cars private party.
It’s been paid for with either cash or cashiers check. Of course most of the cars were under $5k because I keep cars till they’re worn out. (more than 10 years old, etc.)
We went, together, to AAA, to retitle the car. (Faster, easier than DMV if one or both parties are AAA members.)
This is important for the seller – if the new owner does not retitle it in their name, and you have not taken the step to notify the DMV you sold it – any parking tickets they acquire get mailed to you, and you’re legally liable for them. My nephew made this mistake…. cost him several hundred dollars.
Back in the pre-craigslist days I used the auto-trader. On the 2 cars we sold we had the best luck with Craigslist.
December 15, 2010 at 9:34 AM #640329UCGalParticipantI’ve sold a few cars private party.
It’s been paid for with either cash or cashiers check. Of course most of the cars were under $5k because I keep cars till they’re worn out. (more than 10 years old, etc.)
We went, together, to AAA, to retitle the car. (Faster, easier than DMV if one or both parties are AAA members.)
This is important for the seller – if the new owner does not retitle it in their name, and you have not taken the step to notify the DMV you sold it – any parking tickets they acquire get mailed to you, and you’re legally liable for them. My nephew made this mistake…. cost him several hundred dollars.
Back in the pre-craigslist days I used the auto-trader. On the 2 cars we sold we had the best luck with Craigslist.
December 15, 2010 at 9:34 AM #640465UCGalParticipantI’ve sold a few cars private party.
It’s been paid for with either cash or cashiers check. Of course most of the cars were under $5k because I keep cars till they’re worn out. (more than 10 years old, etc.)
We went, together, to AAA, to retitle the car. (Faster, easier than DMV if one or both parties are AAA members.)
This is important for the seller – if the new owner does not retitle it in their name, and you have not taken the step to notify the DMV you sold it – any parking tickets they acquire get mailed to you, and you’re legally liable for them. My nephew made this mistake…. cost him several hundred dollars.
Back in the pre-craigslist days I used the auto-trader. On the 2 cars we sold we had the best luck with Craigslist.
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