If selling a car to individual, what kind of payment would you require

[Anonymous]

Definitely cash - I had a horrible experience with a cashier's check about 10 years ago. I received a check that appeared completely legitimate, took it to my bank and they verified it was valid so they deposited it into my account. Literally 3 weeks later my bank reversed the deposit. Check was a fake and it somehow took the out of state bank where the cashier's check was supposedly created 3 weeks to reject it. Apparently some of the numbers (I think the routing) on the check were correct, but the check number didn't exist and the bank had no record of any cashier's check being created for my amount. The FBI actually got involved and I had to meet with a special agent which was kinda cool, but they never caught they guy and I am out the money.

[Anonymous]

Anonymous wrote:Definitely cash - I had a horrible experience with a cashier's check about 10 years ago. I received a check that appeared completely legitimate, took it to my bank and they verified it was valid so they deposited it into my account. Literally 3 weeks later my bank reversed the deposit. Check was a fake and it somehow took the out of state bank where the cashier's check was supposedly created 3 weeks to reject it. Apparently some of the numbers (I think the routing) on the check were correct, but the check number didn't exist and the bank had no record of any cashier's check being created for my amount. The FBI actually got involved and I had to meet with a special agent which was kinda cool, but they never caught they guy and I am out the money.

This is why you meet the buyer at his bank, and then go in with them to watch them get a cashier's check. That way there will be no chance for fraud.

[Anonymous]

Cash. If they don't have the cash, no need to use that buyer. I have accepted up to $15K in cash. They have to go to the bank to get it. I will hold the car with a check until they can make the trip to the bank.

[Anonymous]

The real issue is the licence plate.

[Anonymous]

Anonymous wrote:Cash
money order
cashier's check

+1

Any of these would be fine.

[Anonymous]

we sold a car a few years ago for $6700 and the buyer gave us cash ($100s!)