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

[Anonymous]

We might be selling our car to a random individual. What form of payment would you require? cashier's check? Any other safe options? We're talking about 5k so cash would be a little difficult.

[Anonymous]

What's wrong with cash

[Anonymous]

We sold a car a few years ago on CL for $4,500 and got cash. That's the only way I would do it. Ppl can come up with big amounts. If you're buying a car off CL, you should know the drill.

[Anonymous]

Bitcoin.

Certified check from your bank is best. Go to the bank with the buyer deposit the check and sign title. That way you know it's a good check.

[Anonymous]

Cash
money order
cashier's check

[Anonymous]

Cash is not difficult for under 5k.

The times I've transacted privately we've actually gone to the bank together and had the check issued.

You want a cashier's check in any case. But you need to be careful because they can be forged, too.

[Anonymous]

Anonymous wrote:We sold a car a few years ago on CL for $4,500 and got cash. That's the only way I would do it. Ppl can come up with big amounts. If you're buying a car off CL, you should know the drill.

Logistically speaking, do you sit there and count it in front of the buyer? I don't know why this seems so strange to me. I'm picturing a briefcase of cash but Now that I'm thinking of it, I guess 5k in cash isn't that many hundreds. We'll require cash. Thanks for the feedback.

[Anonymous]

Yes, I would do cash too. It's awkard to count, I would just make a joke out of it and count it.

[Anonymous]

You also need to create a bill of sale that specifies you're selling the car "as is" (see Internet for templates). They need that to pay tax when registering it. Take your plates off, too.

[Anonymous]

Meet at the Bank. Have the buyer prepare a cashier's check there with you on site.

[Anonymous]

Cash could be counterfeit. Yep Cashiers Check meet at bank.

[Anonymous]

Anonymous wrote:You also need to create a bill of sale that specifies you're selling the car "as is" (see Internet for templates). They need that to pay tax when registering it. Take your plates off, too.

In what state?

I've bought and sold cars in more than one state. Never done this.

[Anonymous]

Anonymous wrote:Yes, I would do cash too. It's awkard to count, I would just make a joke out of it and count it.

Count with a witness if possible.

[Anonymous]

Anonymous wrote:Cash could be counterfeit. Yep Cashiers Check meet at bank.

Unlikely.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You also need to create a bill of sale that specifies you're selling the car "as is" (see Internet for templates). They need that to pay tax when registering it. Take your plates off, too.

In what state?

I've bought and sold cars in more than one state. Never done this.

In all states that I know of this is required. Because people don't know this, the title has "bill of sale" language. That is, when you sign the title, you sign the bill of sale. No biggie.