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I'm in the market for a used car. I'm focusing on cars between $6000 and $9000.
Once I find a car I like, what is the most sensible strategy for transferring the money? Should I just bring cash? Or is this too risky? Alternatively, perhaps I could just arrange for the seller to meet me at my bank, and the payment could take place there. Curious for your thoughts on this issue. |
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A cashier's check. https://www.nerdwallet.com/blog/banking/how-do-i-get-cashiers-check/
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| Cash. Sellers aren't going to your bank and generally you need to follow their preference, not yours. |
+1 |
+2 |
| Too many things are forged, as a seller I'd only accept cash. |
-2 As a seller, you really have to worry about fake cashiers checks. I would only take a cashiers check if I went with the buyer to their bank and if they obtained the cashiers check right in front of me. Just google "fake cashiers check scam", it is probably the #1 scam out there right now. |
| Cash, cash, cash, cash, cash |
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>$1000 - cashiers check from a major bank
<$1000 - cash Straight cash homey - thanks to Randy Moss https://www.youtube.com/watch?v=upUUbdSoCGY |
| We meet at my bank and they give me the cash there. |
| Private seller is usually cash. |