RE: BEST WAY TO PAY FOR/SELL A CAR:

[Stewart G Griffin]

Note: i tried extensively to search for something on this topic but couldn't find anything.

Can we discuss good ways to pay for a car, or when you are selling one.   This is dealing with private owners/sellers with used cars, not new ones.


i have always paid cash for cars previously, but i might have to "move up" soon---we may be talking several thousands of dollars as opposed to under $3000 which i'm used to dealing with.

[JRConnieK10]

If its more than you want to deal with try a bank wire transfer. Cash and bank wire transfer is the best way to guarantee funds.

[VileZambonie]

Cash or bank check

[enaberif]

for large amounts you can ask for or pay in a certified bank cheque.

[zieg85]

In God I trust, all others use cash.

[69byrd]

Cash money thats what I like!

[JRConnieK10]

Not to complain about certified checks from a bank. But I personally got a $15,000.00 lesson on how easy it was to get taken that way. I did a business transaction for that amount, the person and I went right to his bank they printed me two checks made out to me and my name printed on them, they were signed off by the bank manager. So I take them to my bank and cash them no problem yet a few days later I went to use my bank card and they said it wouldn't work. Well come to find out they withdrew $7,500.00 out of each of my accounts. The certified checks bounced. I was so ticked off the other bank messed up and took it from my accounts. After finally getting it straightened out I had to have the other bank wire transfer back to my accounts. I still carry the checks today in my briefcase as a reminder that certified checks aren't worht the paper thier written on.

[levisjohnson]

Not to complain about certified checks from a bank. But I personally got a $15,000.00 lesson on how easy it was to get taken that way. I did a business transaction for that amount, the person and I went right to his bank they printed me two checks made out to me and my name printed on them, they were signed off by the bank manager. So I take them to my bank and cash them no problem yet a few days later I went to use my bank card and they said it wouldn't work. Well come to find out they withdrew $7,500.00 out of each of my accounts. The certified checks bounced. I was so ticked off the other bank messed up and took it from my accounts. After finally getting it straightened out I had to have the other bank wire transfer back to my accounts. I still carry the checks today in my briefcase as a reminder that certified checks aren't worht the paper thier written on.

Sorry you had a bad experience.

From me personally working in banking for quite some time.  Normally the money comes out of your account as soon as the check is issued.  The problem is that if the check is lost (by either you or the seller) the bank can not issue a stop payment until the check has not shown cleared.  **DO NOT MAIL AN OFFICIAL BANK OR CASHIER'S CHECK*** The best thing to do (if they are close enough) is to draw up a bill of sale (can find one online or just write it on a piece of paper), go down to your bank and write the withdrawal/check and get the cash and have the teller to count the cash to the seller.  I used to recommend this all the time and the seller and the buyer really liked it because everything was safe, no checks to lose or cash to get stolen to checks to bounce.  I would get the bill of sale notarized while I was there so the transaction date matches the date of the notary so there are no discrepancies.

[Stewart G Griffin]

i sort of meant transactions that are in your area and preferably not dealing with cash--------------and the meeting at the bank is a good one.


But any discussion on this topic is good-----long distance, out-of-state etc.

[VileZambonie]

i sort of meant transactions that are in your area and preferably not dealing with cash

You could trade baseball cards

[78 Chevyrado]

Cash is the only guaranteed way, as long as you have one of those little black pens to make sure it's not funny munny.  I've just had too many problems with banks and their newer policies popping up at the wrong time and not finding out until crunch-time.  I will only ever accept cash, and I have several of those little pens.  meeting at a bank though is a good idea so nobody trys to pull any crap on you when you're alone.  cash talks, BS walks.

[okuma]

CASH on Hand can Guarantee A Better DEAL ....ANYTIME !!!

[fitz]

If its more than you want to deal with try a bank wire transfer. Cash and bank wire transfer is the best way to guarantee funds.

Stewart,
  I think this really is the best way to do business when dealing with large sums of money. Want to check it out? Wire me some $$ and I'll send you a personnel check to cover it.
  On a serious note, if your not comfortable carrying cash this may be a safer way to go.

[levisjohnson]

I also want to add...do not get a bank Money Order either.  they too have to be out for 90 days before they can be reinnued or a stop payment placed on the.

[DnStClr]

I deal with large sums of money on a regular basis. It goes from my hand into my wife's and I never see it again...