what payment method is most sensible for buying a used car from a private owner?

Anonymous
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.
Anonymous
Cash. Sellers aren't going to your bank and generally you need to follow their preference, not yours.
Anonymous
Anonymous wrote:A cashier's check. https://www.nerdwallet.com/blog/banking/how-do-i-get-cashiers-check/


+1
Anonymous
Anonymous wrote:
Anonymous wrote:A cashier's check. https://www.nerdwallet.com/blog/banking/how-do-i-get-cashiers-check/


+1


+2
Anonymous
Too many things are forged, as a seller I'd only accept cash.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:A cashier's check. https://www.nerdwallet.com/blog/banking/how-do-i-get-cashiers-check/


+1


+2


-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.

Anonymous
Cash, cash, cash, cash, cash
Anonymous
>$1000 - cashiers check from a major bank

<$1000 - cash
Straight cash homey - thanks to Randy Moss
https://www.youtube.com/watch?v=upUUbdSoCGY
Anonymous
We meet at my bank and they give me the cash there.
Anonymous
Private seller is usually cash.
post reply Forum Index » Cars and Transportation
Message Quick Reply
Go to: